New York Attorney General Andrew Cuomo gives a press conference about recalled Toyota cars February 24, 2010 in New York City. Cuomo, thought to be a possible candidate for New York governor, has reached an agreement with the car company to provide Toyota owners in New York with alternative transportation and other perks in the aftermath of the massive recall of Toyota automobiles.NEW YORK - FEBRUARY 24: New York Attorney General Andrew Cuomo gives a press conference about recalled Toyota cars February 24, 2010 in New York City. Cuomo, thought to be a possible candidate for New York governor, has reached an agreement with the car company to provide Toyota owners in New York with alternative transportation and other perks in the aftermath of the massive recall of Toyota automobiles. (Photo by Chris Hondros/Getty Images) *** Local Caption *** Andrew Cuomo
The governor stayed on-message when asked about the reemergence of Anthony Weiner and Eliot Spitzer during a CBS News interview focused on New York’s tourism industry. “Everyone knows New York has great theater also, right? It is great theater. It’s great political theater,” he said. “It’s part of the charm of New York. We tend to have the eccentric. We tend to have the entertaining.” After all, there’s no such thing as bad publicity — especially when it’s not directly attached to your career. Only in New York,everybody!
If you thought Megyn Kelly’s embarrassing, expensive failure at NBC meant the end of her TV career, think again
Sources say NBC owner Comcast will pay Kelly around $30 million. She signed a $69 million deal when she joined the network after leaving Fox News in 2017.
A source familiar with the negotiations said nothing will happen until next week at the earliest, admitting: “It’s taking slightly longer than expected, the paperwork is going back and forth.”
Another confirmed: “Everyone wants this to be over — both Megyn and NBC — and Comcast has the money to pay off Megyn. We thought this would be a done deal a few weeks ago.”
One senior TV source added: “NBC decided rather than fight and face a lawsuit from her, they — and more importantly, Comcast with all its money — decided to draw a line under the entire debacle and pay Megyn the full amount owed in her contract to go away.
“But this is far from the end of her TV career — in the Trump era, there are few broadcasters like her. Megyn would likely take a short break from TV and return to cable news ahead of the 2020 election.”
Making sense of Trump’s strange, disturbing defense of Saudi Arabia
everyone pretty much knew that president trump, with his affinity for autocrats and saudi arabia in particular, was not eager to blame prince mohammed bin salman for the killing of jamal khashoggi, even though the CIA concluded that he personally ordered it. but today, the president came out with a bombastic, exclamation point-strewn statement that defended MBS by going on about how Iran is the true evil in the region, came pretty close to blaming the journalist for his own death by musing that saudi arabia had labeled him an “enemy of the people,” and much more. what was the point of this bizarre message?
I think his point was that he doesn’t think he knows if the Saudi government ordered the Khashoggi assassination, and even if he did, he wouldn’t do anything about it
if you’re asking why he released a statement as opposed to doing nothing, I don’t know what the answer to that question is – other than that I don’t think they’d released a statement about it
it was just so aggressive and conspiratorial, which I know is his modus operandi…but this one actually felt like it was written by him personally.
yeah, it reads as if it was written by him and then lightly edited by someone else
it felt kind of personal, didn’t it?
like maybe he felt he had to reassure MBS, or felt as though he needed to respond from pressure in his own administration
he is going against his own intelligence agencies, which is not unheard of for him, but yeah, there could be other pressure points, too
a white house official behind saudi sanctions recently resigned: https://www.nytimes.com/2018/11/17/us/politics/trump-khashoggi-saudi-arabia.html
Eric Trump said something along the same lines as his father about a month ago: https://www.newsweek.com/eric-trump-says-saudis-are-friends-after-jamal-khashoggi-killing-youre-going-1179290
as a lot of people like to point out, it’s not like other american presidents have taken a consistently punitive attitude toward saudi arabia despite past human-rights infractions, and the obama administration helped in the early days of the country’s disastrous war in yemen. is this statement, the trumpian bizarreness of it aside, really so different from what we’re used to?
hard to set aside the trumpian bizarreness! in some ways that’s the entire content of the statement
but, yeah, i think it’s good to keep in mind that the close KSA-US alliance is not a trump invention
that being said, we’re in deep enough weird territory here that i’m not sure how to construct a counter-history
i’d like to think that a democratic president wouldn’t have stood by MBS so glibly in the wake of a khashoggi killing
yeah, I don’t think they would have. but tough to say exactly what they would have done.
(i’d like to think that a democratic president wouldn’t have stood by MBS at all, from the very start, and would have reconsidered the KSA alliance to begin with)
but i also don’t think MBS would have felt empowered to kill khashoggi if any other president, or president’s son-in-law, was in the oval office!
and now every other autocrat knows that killing journalists is fine
a democratic president probably wouldn’t have thrown away the alliance, but it seems to me that he might have used this bit of leverage to ask for something
“we can let this go if you implement such and such reforms and do x y z”
shouldn’t understate the extent to which he used the statement to absolve saudi arabia from responsibility for the war and related humanitarian disaster in yemen
yep, they’re completely off the hook. everything bad in the middle east can be pinned on iran.
what a surprise! it’d make you think there was a longtime aggressive iran hawk or two in his administration
if you didn’t know any better, of course
it’s just so strange to have a president lead with the whataboutism. only deepens the impression of him as a twitter troll.
my final thought is that it’s funny that trump is leaning on this $450 billion and $110 billion dollars in saudi purchases. nobody knows where either of those numbers come from.
accuracy isn’t really the president’s calling card.
Journalists and press freedom campaigners tell me President Trump’s stance on Khashoggi’s murder sends a message to anyone in a position of power that it’s okay to kill their critics, as long as they call them enemies of the people.
Trump issues statement on Saudi Arabia he appears to have written himself
The WH has issued a statement about “standing with Saudi Arabia.”
On Khashoggi’s murder (in part): “Our intelligence agencies continue to assess all information, but it could very well be that the Crown Prince had knowledge of this tragic event—maybe he did and maybe he didn’t!”
Leigh Bailey, 54, was awakened not by her phone, warning her about an incoming fire that would soon destroy her town, but by a neighbor pounding on her door.
Bailey had no idea how bad the fire was about to become. So she went back inside around 9:15 a.m., had a cup of tea and ate some coffee cake and slowly packed some clothes and her dog and cat before heading out of her home in Magalia, just north of Paradise.
She escaped — but barely, on a narrow dirt road she stumbled on despite driving through thick smoke and the failure of her GPS.
“We had absolutely no evacuation orders,” Bailey said. “No call, no emergency text, nothing — and neither did anyone I know.”
What does stock market turbulence mean for the broader economy?
based on your understanding, what is the (or at least a) proximate reason for the stock market tanking today, and in recent days?
Tech stocks have been a major source of strength during the “Trump Bump” of the past couple years. Now, fears that tech profits could end up as collateral damage in Trump’s trade war with China (which is centered on a conflict over intellectual property and technology theft); that Facebook’s recent bad press will lead to regulatory measures or a user revolt; and that the new iPhone’s lackluster sales portend a downturn in Apple’s fortunes are all tanking tech stocks, and bringing the rest of the market down with them.
Separately, Target just revealed that its labor and supply-chain costs are rising, which has led investors to flee retailers, which had previously been doing well, relative to the market as a whole.And then there’s the broader, background sources of pessimism: Corporate debt is extraordinarily high, while earnings expectations for 2019 are falling, and interest rates are rising.
as you said, the trade war is weighing on skittish investors’ minds: to what extent do you think trump administration policies are to blame for this slide? or is it impossible to disentangle those policies from what might be a natural market correction?
I think that would be a difficult question for a professional market analyst to answer; I, a humble generalist blogger, can’t answer with much confidence. I do think the trade war is just one of many variables here, and the specific piece of the trade conflict that is worrying tech investors – the administration’s attempts to curb China’s IP theft – was also a priority for the Obama administration.
as we often hear, the stock market is not the economy. to what extent is this slide a worrying sign for the financial health of america writ large?
there is a deep disconnect right now between the stock market’s trend and that of the economy as a whole. GDP grew 3.5% last quarter, household wealth hit record levels earlier this year, unemployment is near historic lows, and wages are rising. That latter development is arguably related to some of the market volatility – as mentioned, Target’s share price is falling in part because its workers have secured the leverage necessary for higher pay.
A correction today is not necessarily a harbinger of a recession tomorrow. But it is the case that many on Wall Street are behaving as though they expect global economic growth to slow down significantly in 2019. And those expectations could prove self-fulfilling to some degree: As the stock market falls, so (typically) do home values – and when the Americans who own those assets start feeling poorer, they start spending less, and the economy slows down.
After months of delay and backroom disputes, state lawmakers are expected to finally begin voting next week on legalizing marijuana for adults over age 21 in New Jersey.
And it’s getting the fast-track treatment, even though legislative leaders and Gov. Phil Murphy remain at odds over details of the legislation.
Separate state Assembly and Senate committees will meet together for a hearing of debate and are expected to vote on the legalization bill on Monday, Nov. 26 at 10 a.m., according to sources familiar with the plan.
Mississippi Republican Senate candidate in hot water with corporate donors
Walmart on Tuesday said it was “requesting a refund” from the campaign of Republican Sen. Cindy Hyde-Smith after the company came under pressure to distance itself from the Mississippi lawmaker’s “public hanging” remark.
Campaign finance records show that the company made a $2,000 donation on Nov. 18, nearly a week after a video of Hyde-Smith saying she would be “on the front row” if a supporter invited her to “a public hanging” went viral. Records also show the company gave a $1,000 contribution to her campaign this past June.
Amazon is bidding for the 22 regional sports TV networks that Disney acquired from 21st Century Fox.
The e-commerce giant is bidding for all of the networks, including the YES Network, sources familiar with the matter told CNBC. Blackstone, a unknown sovereign wealth fund, along with the Yankees, are also bidding for the New York network.
Stock markets may be in for a bumpy ride, thanks in part to Trump’s trade war
The Dow plunge isn’t anywhere near done. At least, not according to chief financial officers at major corporations.
More than half of the members of the CNBC Global CFO Council think the Dow Jones Industrial Average will fall below 23,000 — roughly 2,000 points from its current level — before the stock market barometer is ever able to top the 27,000 level. The 23,000 level would equate to another 8 percent in decline among the Dow group of stocks before the selling stops. The Dow dropped by more than 400 points on Monday.
Concerns about a slowing economy — Goldman Sachs said on Monday in a report that U.S. economic growth could be cut in half by the end of next year as the tax cuts wear off and rates rise — and worries about another round of tariffs against China set for January in the ongoing trade war are weighing on the corporate outlook.
Over his four years in Congress, Rep. Seth Moulton has earned plenty of praise. He upset an incumbent accused of corruption in a Democratic primary in 2014 while downplaying his heroics as a Marine in Iraq. His support from top military officials ― he served as an aide to former Gen. David Petraeus ― and willingness to buck his own’s party’s leadership made him the subject of national magazine profiles and 2020 presidential speculation. He was the very image of a Democratic rising star.
Now, as that willingness to criticize top Democratic officials reaches its peak with his leadership of a coup against likely House Speaker-in-waiting Nancy Pelosi, Moulton is feeling the backlash. At a town hall in his district on Massachusetts’ North Shore on Monday night, activists confronted Moulton with accusations of sexism and ageism, mirroring the assault he’s facing from Pelosi allies in Washington.
A 5-year-old girl injured in a shooting Monday evening in West Baltimore remained in a hospital in serious but stable condition Tuesday morning, police said.
By a stunning and tragic coincidence, she is the younger sister of Taylor Hayes, a 7-year-old child who was fatally shot in July, according to two sources with knowledge of the situation. The elder Hayes was shot this summer while sitting in the back seat of a car in Southwest Baltimore. She died two weeks later.
State sponsors of terrorism: Iran, North Korea, Sudan, Syria, and … Venezuela?
The Trump administration is preparing to add Venezuela to the U.S. list of state sponsors of terrorism in what would be a dramatic escalation against the socialist government of Nicolás Maduro, according to U.S. officials and internal government emails.
… Republican lawmakers led by Sen. Marco Rubio (Fla.) have pushed for the designation, citing Venezuela’s alleged ties to Lebanese Hezbollah, the Revolutionary Armed Forces of Colombia, or FARC, and other groups.
Republicans have long accused Venezuela of having ties to terrorist organizations. But experts have played down the threat and strength of those connections. They warn that a designation that does not offer concrete evidence could weaken the legitimacy of the U.S. list, which critics say already is applied inconsistently.
“I suspect this will be based on hearsay and sources of questionable integrity,” said David Smilde, a senior fellow at the Washington Office on Latin America.
Photo: The Washington Post/The Washington Post/Getty Images
Trump thwarted once again by federal judge
A federal judge barred the Trump administration from refusing asylum to immigrants who cross the southern border illegally.
President Donald Trump issued a proclamation on Nov. 9 that said anyone who crossed the southern border between official ports of entry would be ineligible for asylum. As the first of several caravans of migrants have started arriving at the U.S.-Mexico border, Trump said an asylum ban was necessary to stop what he’s attacked as a national security threat.
But in his ruling Monday, U.S. District Judge Jon Tigar agreed with legal groups that immediately sued, arguing that U.S. immigration law clearly allows someone to seek asylum even if they enter the country between official ports of entry.
“Whatever the scope of the President’s authority, he may not rewrite the immigration laws to impose a condition that Congress has expressly forbidden,” said Tigar, a nominee of former President Barack Obama.
Zinke blames “radical environmentalists” for devastating California wildfires
It’s not time for finger-pointing. We know the problem. It’s been years of neglect, and in many cases it’s been these radical environmentalists that want nature to take its course.…You know what? This is on them.