Trump News

Of Course' We Won't Pay For Trump's Wall

... At a presser, Trump now says he'll force Mexico to reimburse the US for a wall. Washington (CNN). Mexico's president reiterated his nation will not pay for a wall along the US-Mexico border just hours after President-elect Donald Trump doubled-down on his campaign pledge to force the country to do so. Mexican President Enrique Peña Nieto made his comments at the end of a speech at an annual gathering of senior Mexican diplomats at the National Palace Wednesday. While stressing his desire for a positive relationship between the two countries and naming several issues on which he said they could cooperate, Peña Nieto assured his nation they would not be footing the bill for Trump's wall. "It is evident that we have some differences with the new government of the United States, like the topic of the wall, that Mexico of course will not pay," Peña Nieto said in the address. Trump's new ...

Trump Turned Down $2 Billion Deal With Beautiful Dubai Pal Sajwani

... very much involved, and I think under their leadership we will have no issue in expanding and growing and maintaining our business relation," Sajwani said in the interview. "My wife and Ivanka are very good friends," he added. "They send emails. She's been here to my house. We've been in New York having lunch and dinners with them regularly. And, you know, you enjoy working with somebody — it's not only cold business relation.". Ethics experts have expressed concern about potential conflicts of interest in sensitive areas like the Middle East. Sajwani brushes off those concerns. He says there's no reason to be worried about the nexus of his close relationship with the emir of Dubai and his financial links to the next occupant of the Oval Office. "I am not involved in any political issues or positions," Sajwani said. "My relation with my highness is purely as a citizen of this country.". But Danielle Brian, executive ...

Donald Trump's Colossal Error On Jobs During His Press Conference

... ignite inflation. Getty Images. President-elect Donald Trump speaks at a news cenference at Trump Tower on January 11, 2017 in New York City. A more charitable explanation for Trump would expand the number to include those people who are working part time because they can't find full-time work, all the unemployed and those marginally attached to the workforce. This broader measure of slack in the economy, known as the U 6, is about 14.7 million. It's the lowest since May 2008, and has come down by nearly 12 million since the worst of the job market effects of the financial crisis in 2010. And remember, many of these folks have work, though it's part time. If that's what the president-elect means, he's then only off by 82 million. What about the rest? Perhaps some want jobs, but that's not what is shown in the data, gathered from a monthly survey of some 60,000 Americans. Some are in school. The "not in the labor force" number includes those 16 to 21, prime school age. About 6 percent of the public reported in a 2014 study by the Bureau of Labor Statistics that they are not in the labor force because they are going to school. About 15 percent say they ...

Chao Coasting To Confirmation As Trump's Transportation Secretary

... how much private financing many infrastructure projects can attract. Investors will only fund those projects that can generate a good return on that investment, such as roads and bridges that charge tolls. And Chao acknowledged as much during the hearing, saying "for [public-private partnerships] to be truly effective, there needs to be revenue streams that need to be assured.". But she added that when it comes to funding the nation's critical infrastructure repairs and upgrades, "we all know that the government doesn't have the resources to do it all.". Chao, 63, is among Trump's least-controversial Cabinet-level appointments. Senators of both parties praised the longtime Washington insider's experience and expertise, and noted her friendship with them and their spouses. She was introduced at the hearing by her husband, Senate Majority Leader Mitch Mc Connell, who borrowed a quote from former Senate Majority Leader Bob Dole when ...

Trump Organization Handover Plan Slammed By Ethics Chief

... were not allowed to examine documents handing control to Mr Trump's sons. The director of the US Office of Government Ethics has criticised Donald Trump's plan to hand control of his business empire to his sons before his inauguration on 20 January. The plan does not match the "standards" of US presidents over the last 40 years, Walter Shaub said. A Trump lawyer said earlier the new trust would face "severe restrictions" on new deals. But Mr Shaub said the plan would not remove conflicts of interest. "Every president in modern times has taken the strong medicine of divestiture," he said, referring to a process whereby Mr Trump would sell off his corporate assets and put the profits into a blind trust run by an independent trustee. At a news conference on Wednesday, lawyer Sherri Dillon said that management of the Trump Organization would be transferred to a trust controlled by Mr Trump's sons Don and Eric and chief financial officer Allen Weisselberg. The Trump Organization is an umbrella company for Donald Trump's hundreds of investments in real estate, brands and other businesses. In other developments. National intelligence director James Clapper said he ...

Now That Trump Has Spoken, This Is Where Traders Are Turning

... said. Traders, meanwhile, have been waiting for earnings season to begin, after the stock market's big run since Election Day. Stovall said the earnings season could be better than expected. In fact, history is on its side. "Earnings are expected to be up more than 4 percent this quarter. In each of the last 19 quarters, the actual earnings beat estimated earnings by 3.5 percent. That means earnings are likely to be up closer to 7.5 percent," said Stovall. Banks are first to report, and financial stocks have risen about 17 percent since the election, on the prospect of higher interest rates and an easier regulatory environment. Financial sector earnings are expected to be up about 15 percent. On Thursday, there are more than a half dozen Fed appearances, starting with St. Louis Fed President James Bullard, who will appear on ...

Trump's Divestiture Is Hard, Pricy And Essential

... sold off in a fire sale. Ethics Expert: Trump's Efforts To Address Conflicts Are 'Baby Steps'. Nevertheless, that's what Schaub said needs to happen — both to completely safeguard against conflicts of interest, and to set an example. "The ethics program starts at the top — the signals a president sends [set] a tone across the executive branch," Schaub said, adding that "officials in any administration need their president to show ethics matters, not only through words but through deeds.". The ethics official pointed to the steps undertaken by Secretary of State nominee Rex Tillerson, whose separation from Exxon Mobil reportedly will cost the former CEO about $7 million. "Mr. Tillerson's making a clean break from Exxon," he said. "His ethics agreement serves as a sterling model for what we'd like to see with other nominees.". Unlike the president, Schaub said, Tillerson worked closely with the ethics office to create his divestment plan. And it's not just inside the government that the president's example matters, Schaub said. The ethics program run by the executive branch, ...

Factchecking Trump’s Press Conference

... But the Republican president-elect was asked a variety of questions on a host of issues, including Russian hacking, the Affordable Care Act and his cabinet appointments. In several cases, Trump repeated some of the same claims that he had made during the campaign. Trump on Jobs. Trump wrongly claimed, once again , that there are “96 million really wanting a job and they can’t get [one].” There are roughly 96 million people “not in the labor force,” but only 5.5 million of them “currently want a job,” according to the Bureau of Labor Statistics. Trump cited the statistic in the context of a border tax on “these companies that are leaving [the U. S.] and getting away with murder.”. Trump, Jan. 11: And if our politicians had what it takes, they would have done this years ago. And you’d have millions more workers right now in the United States that are — 96 million really wanting a job and they can’t get. You know that story. The real number — that’s the real number. According to the latest figures from the Bureau of Labor Statistics , there were 95.8 million people “not in the labor force” in December. But Trump is wrong to lump them all in as “really wanting a ...