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posted on 09 June 2017

Early Headlines: May Is Stunned, Pound Slumps, Asia Stocks, Dollar And Gold Up, Oil Down, Comey Results, Calif Ups GDP And Drops Carbon Emissions, And More

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Early Bird Headlines 09 June 2017

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

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Global

asia.pac.2017.jun.09

U.S.

WINNERS

  • Former FBI director James Comey

  • Sen. Richard Burr (R-N.C.)

  • Sen. Kamala Harris (D-Calif.)

  • Sen. Marco Rubio (R-Fla.)

  • Former FBI Director Robert Mueller

  • Washington, D.C. bars

LOSERS

  • President Trump

  • Attorney General Jeff Sessions

  • Former Attorney General Loretta Lynch

  • The media

  • Sen. John McCain (R-Ariz.)

  • Comey, Trump Accuse Each Other of Lying in Wake of Hearing (Bloomberg) Ousted FBI chief James Comey and President Donald Trump accused each other of lying about their private encounters in the wake of dramatic Senate testimony that centered on whether the president sought to quash part of a federal probe into Russian meddling in the 2016 election. During 2 1/2 hours of testimony Thursday before the Senate Intelligence Committee, Comey said Trump’s shifting explanations for dismissing him were “lies, plain and simple." He said he wrote detailed memos of their conversations because he feared the president -- who ultimately fired him on May 9 -- would paint a false picture of their encounters.

  • Five takeaways from Comey’s dramatic testimony (The Hill) The list indicates clarity has not emerged:

  • No smoking gun

  • Sessions might be in trouble

  • Republicans were not divided

  • Comey’s anger is real

  • The cloud hasn’t lifted

... what’s the jury thinking now after Comey accused the President of speaking “lies, plain and simple" about him and his former colleagues at the agency? After he admitted he took notes after all communications with him because of “the nature of the person"? The nature of the leader of the free world. The notes he felt compelled to take, because, in his words, “I was honestly concerned he might lie"? (You begin to see why the ratings for this were high.)

"His chronic impulsiveness is apparently unstoppable and clearly self-defeating," "Mr. Trump may have mastered the modes of communication, but not the substance, thereby sabotaging his own agenda."

  • Montana congressman-elect to be sentenced for altercation with reporter (Reuters) Montana Republican congressman-elect Greg Gianforte is expected next week to enter a plea of no contest or a plea of guilty to misdemeanor assault after he was accused of attacking a reporter on the eve of his election, a prosecutor said on Thursday. Gianforte will appear in court in Bozeman on Monday and is scheduled to be sentenced the same day, after he enters his plea, Gallatin County Attorney Marty Lambert said by phone.

  • California Shows Why Economic Growth Doesn't Need More Fossil Fuels (Twitter) A better statement might be: California Shows That Economic Growth Can Be Attained Without More Fossil Fuels.

Click for large image.

california.growrth.fossil.fuels.2000.2015

UK

"It may be impossible to compromise due to domestic political pressures in the U.K.. So a no-deal scenario may become more likely."

  • Pound Slumps as Hung Parliament Seen in Shock U.K. Election (Bloomberg) U.K. broadcasters BBC, Sky and ITV all forecast a hung parliament, which could mean the nation is left without a functioning government before formal Brexit negotiations start this month. The Tory party could gain a total of 318 seats, the BBC projected, short of the 326 seats needed for a majority, leaving Prime Minister Theresa May’s future in doubt. This uncertainty has hit the pound with a 1.7% decline:

Qatar

Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed relations with the small Gulf Arab state on Monday, accusing it of supporting Islamist militants and their arch-adversary Iran - charges Qatar calls baseless.

Several other countries later followed suit.

Would-be mediators including U.S. President Donald Trump and Kuwait's ruling emir have struggled to ease a crisis that Qataris say has led to a blockade of their nation.

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