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Washington CNN —President Joe Biden on Saturday night will attend the White House Correspondents’ Dinner, giving the president a stage and primetime slot to needle the media and his rival former President Donald Trump. “I haven’t had a chance to watch the court proceedings because I’ve been campaigning,” Biden told supporters at a campaign reception in New York Thursday, according to pool reports. While Biden has delivered many of these speeches before, the stakes for what could be his last White House Correspondents’ Dinner are high. “He’s the entertainer.”Administration officials said Katzenberg led daily strategy sessions in the White House residence this week to tweak Biden’s comedy set drafted by longtime speechwriter Vinay Reddy. Biden administration officials said they sought to share that concern with Kelly O’Donnell, president of the White House Correspondents’ Association and senior White House correspondent for NBC News, and with Jost’s team in NBC’s entertainment division as well.
Persons: Joe Biden, Donald Trump, Biden, Calvin Coolidge, Trump, , I’ve, ” Biden, he’d, Jeffrey Katzenberg, Katzenberg, punchlines, Vinay Reddy, Mike Donilon, Steve Ricchetti, Anita Dunn, Karine Jean, Pierre, Annie Tomasini, Live’s Colin Jost, Kelly O’Donnell, ” O’Donnell, , “ He’s, , Rob Flaherty, Dan Cluchey, Jon Macks, Jay Leno ”, Seth Meyers, – Biden, Barack Obama, Lil Jon, Gary Busey, ” Obama, Osama bin Laden Organizations: Washington CNN, White, Trump, Biden, Dreamworks, CNN, New York City –, Republican, ’ Association, White House, NBC News, Gridiron Locations: New York, Ukraine, Israel, Gaza, White, New York City, Washington
Biden says he’s happy to debate Trump
  + stars: | 2024-04-26 | by ( Kevin Liptak | Betsy Klein | ) edition.cnn.com   time to read: +7 min
Washington CNN —President Joe Biden said he will debate former President Donald Trump ahead of this year’s election, the clearest declaration yet of his willingness to face-off with his Republican rival before voters cast ballots in November. I don’t know when,” Biden said when asked by interviewer Howard Stern whether he planned to debate his predecessor. “I’m happy to debate him.”It’s the first time Biden has said explicitly he would debate Trump in this election cycle. Some of Biden’s aides have questioned whether Trump would abide by established rules in any potential debate, and before Friday his campaign hadn’t set out any specific debate plan. Biden had responded to Trump’s calls for earlier debates in February, telling reporters: “If I were him, I’d want him to debate me, too.
Persons: Joe Biden, Donald Trump, Still, Biden, , ” Biden, Howard Stern, , Trump, Biden’s, hadn’t, I’d, He’s, Trump’s, Chris LaCivita, Stern, Jeff Zients, Karine Jean, Pierre, Ben LaBolt, Stern pontificated, haven’t, Jeb, George W, Bush, Neilia Hunter, , , ’ ” Stern, you’ve, it’s, Biden misspoke, “ Trump, “ Nixon ”, Sen, Barack Obama, Jill Biden, you’ll, , you’re Organizations: Washington CNN, Republican, ABC News, Associated Press, CBS News, CNN, SPAN, Fox News, NBC, Univision, NPR, PBS, USA, Republican National, White, Locations: Texas , Virginia, Utah, Nassau, Delaware, Scranton
Washington CNN —Kim Kardashian will join Vice President Kamala Harris at the White House on Thursday for a roundtable to discuss pardons issued by President Joe Biden earlier this month, a White House official said Thursday. Kardashian previously met with former President Donald Trump at the White House as part of her advocacy for criminal justice reform. In 2019, she delivered remarks from the White House East Room on a new initiative aimed at helping former inmates get jobs out of prison. She met with Trump at the White House again in 2020. Axios first reported Kardashian’s visit to the White House.
Persons: Washington CNN — Kim Kardashian, Kamala Harris, Joe Biden, Kardashian, Donald Trump, Alice Marie Johnson, Axios, Biden, Rolling Stone, , ” Biden, Harris, Steve Benjamin Organizations: Washington CNN, White, Trump, Rolling, Administration Locations: Ottoman Empire, Armenia, Azerbaijan
Campaign officials are fully aware the Trump trial could dominate news coverage in the weeks to come. Even some occasional critics of Biden’s campaign strategy have not found fault in his approach to the Trump trial. Their strategy of not campaigning, wasting money, acting like small time thugs, and pushing their extreme agenda is driving away voters,” Biden campaign spokesperson James Singer said in a statement Friday. On the trail during the trialIt is that viewpoint that has largely animated the president’s schedule as Trump’s first criminal trial gets underway. The trip followed swings through battleground Pennsylvania during the court’s jury selection and Virginia on the first day of Trump’s trial.
Persons: Joe Biden, Donald Trump, , ” Biden deadpanned, Trump’s, Biden, Trump, Kennedy, grumble, , David Axelrod, Barack Obama, I’m, He’s, ” Axelrod, CNN’s Dana, Don ”, ” Biden, James Singer, it’s, , needling Trump Organizations: New York CNN, Republican, Trump, Micron, Biden, CNN, White Locations: Syracuse, New York, Manhattan, Florida, Pennsylvania, Washington, Syracuse , New York, America’s, Tampa , Florida, Virginia
CNN —Former President Donald Trump on Wednesday night downplayed the 2017 white supremacist rally in Charlottesville, Virginia, which led to a woman’s death, as a “peanut” compared to the demonstrations happening across the US against Israel’s actions in Gaza. Public officials have condemned incidents of antisemitism that have occurred amid the protests and raised concerns over the safety of Jewish students. Trump also accused Biden in the post of hating Israel and the Jewish people, but hating the Palestinian people even more. “I condemn the antisemitic protests, that’s why I’ve set up a program to deal with that,” Biden said when questioned about the events at Columbia University in New York. Republican House Speaker Mike Johnson visited the campus on Wednesday to call for Columbia University President Minouche Shafik to resign if she cannot bring order to the campus.
Persons: Donald Trump, Confederate, Robert E, Lee, Joe Biden, Crooked Joe Biden, ” Trump, Trump, Biden, Israel, Steven Cheung, ” Biden, Ammar Moussa, , , Mike Johnson, Minouche Shafik, – Claudine Gay, Liz Magill, CNN’s Donald Judd, Shania Shelton Organizations: CNN, Public, Trump, , Columbia University, University of Southern, University of Texas, Wednesday, Protesters, Republican, Ivy League, Harvard University, University of Pennsylvania Locations: Charlottesville , Virginia, Gaza, White, Charlottesville, New York, University of Southern California, Austin, Israel
The US Senate has passed a $95 billion package that includes money for Israel, Ukraine and Taiwan. The new legislation includes sanctions on Iran, the seizure of frozen Russian sovereign assets and a measure that could lead to a nationwide ban of TikTok. The bill next goes to President Joe Biden, who said he would sign it into law on Wednesday. “This critical legislation will make our nation and world more secure as we support our friends who are defending themselves against terrorists like Hamas and tyrants like Putin,” Biden said. Here are the latest developments in the region:
Persons: Joe Biden, Putin, ” Biden Organizations: Senate Locations: Israel, Ukraine, Taiwan, Iran
Sullivan followed up four days later with a call to Johnson to highlight the measures in place to track aid in Ukraine. They spoke often with Johnson’s staff, including meetings at the White House and on Capitol Hill. Meanwhile, White House chief of staff Jeff Zients, Ricchetti and Goff spoke with Schumer and Jeffries and their staff almost daily to strategize on how to push Ukraine aid forward. Biden and Johnson spoke by phone the next day as the speaker briefed him on his plan to move the aid package forward. “We discussed the contents of the next US military aid package,” Zelensky said.
Persons: Mike Johnson, Joe Biden, Johnson –, speakership, Biden, Johnson, Vladimir Putin, Jake Sullivan, Shalanda Young, Sullivan, Taiwan –, Hamas, Putin, ” Biden, Hakeem Jeffries, Chuck Schumer, Mitch McConnell, , , Steve Ricchetti, Richetti, Shuwanza Goff, Ricchetti, Goff, Jeff Zients, Schumer, Jeffries, Young, McConnell, Michael McCaul, Intelligence Michael Turner, Bill Burns, Ukraine Bridget Brink, Chip Roy, Texas, Ralph Norman of, Biden’s, Anita Dunn, Jon, Lloyd Austin, Volodymyr Zelensky, Zelensky, National Intelligence Avril Haines, Donald Trump’s, Burns, ” Zelensky Organizations: Washington CNN, Ukraine, White House, GOP, Management, Senate, Biden, Russia, House Democratic, White, Capitol, House Foreign, Intelligence, CIA, Republican, The Defense Department, House Republicans, National Intelligence, Democratic, CNN Locations: Ukraine, Europe, Russia, Israel, Taiwan, Ricchetti, Ralph Norman of South Carolina, Washington ,, Johnson’s
In recent weeks, Trump, seizing the role of both an erstwhile diplomat and ascending opposition party leader, has extended welcomes to a series of foreign leaders at his homes in Florida and New York. It’s not unusual for foreign leaders to meet with the leader of the party that doesn’t control the White House – especially one with a serious chance of becoming commander in chief. Biden and his top envoys have also met and spoken with opposition leaders, something that has been a longstanding practice for US officials. Last week, Trump met with Poland’s Duda at Trump Tower, where the two discussed NATO spending over dinner. Trump, both while president and during his 2024 campaign, has called on NATO countries to spend more on defense.
Persons: Donald Trump, hasn’t, Trump, Andrzej Duda, David Cameron, Saudi Crown Prince Mohammed bin Salman, Taro Aso, It’s, Sen, Barack Obama, Mitt Romney, Biden, Sviatlana Tsikhanouskaya, Antony Blinken, Keir Starmer, Joe Biden, “ They’re, he’s, , Vladimir Putin, Xi Jinping, ” Biden, , Kim Jong Un, ” Trump, Brian Hughes, Viktor Orban, Putin, Javier Milei, Orban, Viktor Orbán, Orbán, Aso, Fumio Kishida, Kishida, Lindsey Graham, Salman, King Hamad bin Isa Al Khalifa, Poland’s Duda, Duda, meanwhile, Cameron, Karen Pierce, Cameron’s, Pierce didn’t, Queen Elizabeth II Organizations: CNN, Air Force, British, Saudi Crown, Middle East, Republican, UK Labour Party, US State Department, Biden, Trump, NATO, Conservative Political, Japanese, White, Liberal Democratic Party, Saudi, New York Times, South Carolina Republican, Hamas, The New York Times, Trump Tower, Republicans, Democrats, UK Locations: House, huddling, Florida, New York, Lago, Manhattan, Japan, China, North Korea, Berlin, United Kingdom, Israel, Poland, Belarus, Munich, Europe, America, Ukraine, Korean, United States, Palm, Saudi Arabia, Bahrain, American, Russia, British, Washington
Yet she couldn’t bring herself to vote for Biden and didn’t vote that year. In the 2000 election, Democrat Al Gore received 70% in DeKalb; in 2020, Biden won 83%. Massachusetts native Kim Cavaliere, who moved to Georgia over 20 years ago, is pictured at her home in Dacula, Georgia. She’s still inclined to vote third-party again but is perhaps open to reconsidering if Georgia could settle a close race. It is rural, and reliably red – Trump won 71% of the county vote in 2020.
Persons: Christine Nguyen’s, Nguyen, ” Nguyen, ” Decatur, Donald Trump, Joe Biden, , Trump, Biden, Christine Nguyen, she’s, , Celia Gardner, Jan Gardner, , ” Jan Gardner, Celia, ” Celia Gardner, Democrat Al Gore, Gwinnett, George W, Bush, “ I’ve, Kim Cavaliere, Cavaliere, ” Cavaliere, Count Cavaliere, She’s, – Biden, , ” Carey Fulks, John King, CNN Carey Fulks, Fulks, ” Fulks, ” Biden, – Trump, Matt Vrahiotes, ” Vrahiotes, it’s, Vrahiotes, Ron DeSantis, “ I’m, Trumper, who’s, “ Kennedy, Robert F, Kennedy Jr, ” Vrahioties, Atlanta’s Organizations: Georgia CNN, White, CNN, Trump, DOJ, Justice Department, CIA, Schools, Democrat, Biden, Gwinnett County, “ Democrat, Republican, Sweet, Florida Gov, GOP Locations: Decatur, Georgia, , DeKalb County, Atlanta, Decatur , Georgia, Israel, DeKalb, Dunwoody, Dunwoody , Georgia, Neat, White DeKalb, Gwinnett County, Massachusetts, Dacula , Georgia, Grove, Covid, Fulton County, Gwinnett, Acre, Alto, Hall County, Alto , Georgia, York
CNN —Joe Biden landed a major union endorsement Wednesday from North America’s Building Trades Unions, whose leaders say the president has his infrastructure bill largely to thank for it. The backing from NABTU, which has 3 million members nationwide, is more enthusiastic than its 2020 backing of Biden. That’s raised questions about the political future of the next generation of union members. It’s “almost like the perfect leader was sent at the perfect time for working people,” NABTU President Sean McGarvey told CNN about Biden in an interview announcing the endorsement. Biden appeared at the union’s conference in Washington on Wednesday to officially get the nod – which union leaders also want to be seen as a stark rebuff of Trump, who eagerly solicited support from union members and leaders during his time in office, but, their leaders say, didn’t deliver.
Persons: CNN — Joe Biden, Biden, Donald Trump, That’s, It’s, , Sean McGarvey, Trump, NABTU, ” Biden, , ” “, Joe Biden, Elizabeth Frantz, Biden’s, McGarvey, ” McGarvey, it’s, Trump’s, Sean, “ Donald Trump, ” Brent Booker, Booker, ” Booker, didn’t, Julie Chavez Rodriguez, “ Biden, he’s, Mitch Landrieu, ” Landrieu, CNN’s Michael Williams Organizations: CNN, Unions, Teamsters, Republican, Democratic, Biden, Trump, Covid, North, Washington Hilton, ’ International Union of Locations: America’s, Pennsylvania, Michigan, Wisconsin, NABTU, Washington, Washington ,, Chicago, ’ International Union of North America
Can Biden make Trump seem like Mitt Romney?
  + stars: | 2024-04-22 | by ( Jess Bidgood | ) www.nytimes.com   time to read: +1 min
President Biden made a populist case for re-election during his swing through Pennsylvania over three days last week, laying out plans on tariffs and taxes and seeking to burnish his working-class bona fides as a son of Scranton. But he also used the trip to sharpen the story he tells about former President Donald Trump, depicting him as a creature of rarefied playgrounds like Mar-a-Lago and a pawn of the billionaires who frequent them. “He learned the very best way to get rich is to inherit it,” Biden said in Scranton. “He learned that telling people, ‘You’re fired,’ was something to laugh about.”Twelve years ago, Democrats including then-Vice President Biden relentlessly pilloried a different wealthy Republican as an elitist: Mitt Romney, who was once a Massachusetts governor and chief executive of Bain Capital who won the Republican presidential nomination during a burst of national anger over Wall Street excess. — and slammed him for his free-market views on the auto industry bailout and the foreclosure crisis.
Persons: Biden, Donald Trump, , ” Biden, ‘ You’re, , Mitt Romney Organizations: Republican, Bain Capital Locations: Pennsylvania, Scranton, , Massachusetts
Washington CNN —President Joe Biden spent three days this week campaigning in the critical swing state of Pennsylvania. (The White House corrected the official transcript of Biden’s speech to make clear Biden should have said 2025 instead of 2024.) In other words, there will clearly still be some big and profitable corporations paying no federal income tax despite the existence of the new Biden tax. The center found that the top 0.1% of households paid an average effective federal tax rate of about 30.3% in 2020, including an average income tax rate of 24.3%. “The deficit is a trillion dollars lower, roughly, than when President Biden took office.
Persons: Joe Biden, Ambrose Finnegan, Biden, Jill Biden, PolitiFact, they’ll, it’s, , Tami Luhby, , ’ They’ve, Fuxian Yi, Yi, “ It’s, Derek Scissors, Trump, ” Biden, Biden’s “, Matthew Gardner, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, , I’ve, Donald Trump, ” Marc Goldwein, Goldwein, he’s, Afghanistan Biden, Biden’s, Finnegan, Finnegan “, Donald Judd, spokespeople, Andrew Bates Organizations: Washington CNN, Defense, Medicare, China, University of Wisconsin, Madison, American Enterprise Institute, CNN, Taxation, Economic, US, Biden, White, Urban, Brookings Tax, Urban Institute, University of California, Tax, Center, Trump, Federal Budget, Washington Post, Defense Department, Defense POW Locations: Pennsylvania, China, Iraq, Afghanistan, Scranton, Pittsburgh, America, Berkeley, , New Guinea, ” New Guinea
TIME released its list of the 100 Most Influential People for 2024 on Wednesday. The annual list, which asks cultural and political icons to highlight the changemakers of the past year, features dozens of athletes, entertainers, artists and politicians. Beninese music legend Angélique Kidjo wrote about Nigerian artist Burna Boy, who in turn wrote about rapper 21 Savage. Shawn Fain, UAW PresidentPresident Joe Biden wrote about Shawn Fain, president of the United Auto Workers, for TIME. Mohammed Abed/AFP/Getty ImagesAt just 25 years of age, Motaz Azaiza is the youngest person on this year’s TIME list.
Persons: Alex Rodriguez, Patrick Mahomes, Amy Poehler, Maya Rudolph, Raquel Willis, Elliot Page, Angélique Kidjo, Burna Boy, Taraji P, Henson, Coleman Domingo, Shawn Fain, Joe Biden, Tom Williams, ” Fain, Biden, , , Fain, ” Biden, Motaz Azaiza, Yasmeen Serhan, Mohammed Abed, Azaiza, Instagram, ” Serhan, CNN —, ” Azaiza, ” Jenni Hermoso, Jenni Hermoso, Mana Shim, Fran Santiago, Luis Rubiales, Hermoso’s, Rubiales, Hermoso, “ Hermoso, ” Shim, Sakshi Malik, Nisha Pahuja, Brij Bhushan Sharan Singh, Manish Rajput, Malik, Singh, ” Malik, Bhushan Sharan Singh’s, , Yulia Navalnaya, Russia’s, Alexei Navalny, Kamala Harris, Monika Skolimowska, Alexey Navalny, Putin, “ Putin, Navalnaya, “ Navalnaya, ” Harris Organizations: CNN, TIME, United Auto Workers, UAW, Toyota, Honda, Hyundai, Getty, , UEFA Women's Nations League, UEFA, Spanish Women’s National Team, FIFA, Wrestling Federation of India, India Today, Delhi Locations: Dua Lipa, Gaza, AFP, Palestinian, Spanish, American, Indian, Rio ., Europe, Berlin, Paris, Hague, , Russian, Russia
CNN —President Joe Biden called on his administration to ratchet up pressure on the Chinese steel industry as he brings his economic competition pitch to Pittsburgh, the heart of the American steel industry, on Wednesday, part of a three-day campaign trail swing through battleground Pennsylvania. The trip comes after Biden last month publicly opposed a controversial $14 billion deal for Japan’s Nippon Steel to purchase US Steel. President Biden will not impose ineffective, across-the-board tariffs that would increase costs and harm hundreds of thousands of jobs,” the official said. The United Steelworkers, a key union representing workers in the steel industry, endorsed Biden’s reelection campaign last month. Trump made tariffs against China a central feature of his global economic strategy, and Biden has largely maintained them, despite external criticism.
Persons: Joe Biden, ” Biden, Biden, Donald Trump, Katherine Tai, , Tai, Lael Brainard, ” Brainard, “ They’re, ” , , Biden’s, he’s, Trump, Xi Jinping, Lloyd Austin, CNN’s Chris Isidore, Arlette Saenz, Kevin Liptak Organizations: CNN, United Steelworkers, United States Trade, National Economic, of, Japan’s Nippon Steel, US Steel . US Steel, Justice Department, Foreign Investment, US Steel, , American, steelworkers, Biden, Trump Locations: Pittsburgh, Pennsylvania, China, America, Scranton, Philadelphia, New York City, United States, American
In a conversation with Prime Minister Benjamin Netanyahu late Saturday, Biden sought to frame Israel’s successful interception of the Iranian onslaught as a major victory — with the suggestion that further Israeli response was unnecessary. Biden told the Israeli prime minister in his phone call that he should consider Saturday a win because Iran’s attacks had been largely unsuccessful and demonstrated Israel’s superior military capability, a senior administration official said. Even as American officials stressed to their counterparts that the final decision on how to respond to Iran is up to Israel, Biden has sought to prevent a wider escalation of the conflict. In this handout photo, released early Sunday local time, Israeli Prime Minister Benjamin Netanyahu talks on the phone with US President Joe Biden. “I told him that Israel demonstrated a remarkable capacity to defend against and defeat even unprecedented attacks — sending a clear message to its foes that they cannot effectively threaten the security of Israel,” Biden said in a statement following his conversation with Netanyahu.
Persons: Joe Biden, Benjamin Netanyahu, Biden, John Kirby, ” Kirby, CNN’s Jake Tapper, Lloyd Austin, Yoav Gallant, , Israel, ” Biden, Netanyahu, Kirby, Israel —, , Tapper, Gallant, Hossein, CNN’s Catherine Nicholls, Tamar Michaelis Organizations: CNN, White House, Union . ”, Seven, Sunday, Islamic Revolutionary Guard Corps Locations: Israel, Iran, “ State, Gaza, Tehran
Israel’s military said Sunday that “99%” of projectiles fired by Iran were intercepted by Israel and its partners, with only “a small number” of ballistic missiles reaching Israel. In total, around 170 drones, more than 30 cruise missiles and more than 120 ballistic missiles were launched at Israel by Iran overnight Saturday, the military said. US officials said more than 70 drones and three ballistic missiles were intercepted by US Navy ships and military aircraft, without giving details of exactly what defenses were used to bring down the projectiles. The Iron Dome is the bottom layer of Israel’s missile defense, according to the country’s Missile Defense Organization (IMDO). The ballistic missiles that did reach Israel fell on the Netavim Air Base in southern Israel, Israel’s military spokesman said, adding that they caused only light structural damage.
Persons: Joe Biden, Benjamin Netanyahu, , John Bolton, CNN’s Oren Liebermann, Biden, ” Biden, Menahem Kahana, Israel’s Rafael, CNN’s Irene Nasser, Eugenia Yosef, Benjamin Brown Organizations: CNN, Saturday, Israeli, Israel, US Navy, Aegis, Pentagon, Royal Air Force, Defense, US, country’s Missile Defense Organization, Getty, Defense System, Raytheon, Missile, Center for International, Strategic Studies, CSIS, Missile Defense Advocacy Alliance, Netavim, Base, Israeli Air Force Locations: Iran, Israel, Britain, Israeli, France, Gaza, Sderot, AFP, United States, Iraq, Yemen
CNN —A dozen of the nation’s biggest news organizations posted an open letter Sunday, urging President Joe Biden and former President Donald Trump to participate in televised debates ahead of the 2024 election. C-SPAN joins other major news organizations to urge the presumptive presidential nominees to publicly commit to participate in general election debates prior to November's election. Biden has not publicly committed to debating Trump, although he has not ruled it out. The Commission on Presidential Debates has scheduled three presidential debates for September and October in Texas, Virginia and Utah. Biden responded to Trump’s calls for earlier debates in February, telling reporters: “If I were him, I’d want him to debate me, too.
Persons: Joe Biden, Donald Trump, , Biden, Trump, ” Biden, ” Trump, Susie Wiles, Chris LaCivita, I’d, He’s, Trump’s Organizations: CNN, ABC News, Associated Press, CBS News, SPAN, Fox News, NBC, Univision, NPR, PBS, USA, Republican National, Republican Party, Trump Locations: Texas , Virginia, Utah
Trump has floated a 10% across-the-board tariff on imports, a 60% tariff on imports from China and a 100% tariff on foreign cars – including from Mexico. Trump’s proposals, if enacted, could easily set off a new trade war with China and potentially other nations, too. Some economists are warning Trump’s trade agenda and the ensuing retaliation from trading partners would hurt the US economy by worsening inflation, killing jobs, depressing growth and spooking investors. It’s hard to say exactly because there is a lot of uncertainty over how much of Trump’s proposed agenda would actually be enacted. That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately consumers.
Persons: he’s, Donald Trump, Trump, ” Alex Durante, Trump’s, , Mark Zandi, Goldman Sachs, ” Goldman Sachs, Jan Hatzius, ” Goldman, Janet Yellen, Joe Biden’s, Karoline Leavitt, ” “, ” Leavitt, , Biden, “ Donald Trump, ” Biden, James Singer, Biden’s, That’s, Durante, Joe Brusuelas, don’t, ” Brusuelas, Brusuelas, Liz, Maury Obstfeld, Obstfeld, Obama, ” Durante Organizations: New, New York CNN —, Tax Foundation, CNN, Trump, China, Bureau of Labor Statistics, Federal Reserve, RSM, Target, Walmart, Peterson Institute for International Economics, International Monetary Fund, US International Trade Commission, , Obama Locations: New York, China, Mexico, Beijing, United States
New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.
Persons: , JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, , Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, , Federal, Fed Locations: New York, Wells Fargo, pare
Washington CNN —The White House is very concerned by China’s actions in the South China Sea, a senior administration official said, as President Joe Biden prepares to draw two Asian allies closer at a historic meeting on Thursday. Japan and the Philippines both have separate territorial disputes with China, in the former’s case the Senkaku Islands in the East China Sea and in the latter’s areas of the South China Sea. Meanwhile, China claims the shoal, which is in the Philippines’ exclusive economic zone, as its sovereign territory, as it does much of the South China Sea, in defiance of an international arbitration ruling. CNN has previously reported that the three leaders will hold private discussions on the South China Sea. A senior administration official also said that on Thursday the White House will be announcing a new infrastructure project in the Philippines.
Persons: Joe Biden, Biden, Ferdinand Marcos Jr, Fumio Kishida, Thomas, Kishida, Marcos, Rodrigo Duterte, “ We’re, ” Biden, Australia –, , Brad Lendon, Arlette Saenz, Kayla Tausche Organizations: Washington CNN, Japanese, East China, China Coast Guard, CNN, American, White, Clark Air Base, Subic Naval Base, Coast Guard Locations: South China, Japan, Philippines, China, East, Philippine, Palawan, Taiwan, South, North Korea, Russia, Kishida, Ukraine, Manila, Asia, Pacific, United States, Beijing, India, US, Australia
A boy stands by the rubble of a collapsed building in Rafah, Gaza, on April 9. AFP/Getty ImagesPresident Joe Biden offered one of his sharpest rebukes of Israel’s handling of the war in Gaza, describing Israeli Prime Minister Benjamin Netanyahu’s approach to the conflict as a “mistake” and calling for a halt to the fighting. “Well, I will tell you, I think what he’s doing is a mistake. I don’t agree with his approach,” Biden told Univision in an interview. Biden's comments add to mounting US criticism of Israel's war in Gaza.
Persons: Joe Biden, Benjamin Netanyahu’s, , ” Biden, Biden Organizations: AFP, Getty, Univision, CNN Locations: Rafah, Gaza
CNN —The Biden administration is dismissing Israeli Prime Minister Benjamin Netanyahu’s pronouncement that a date has been set for a ground offensive into Rafah as bluster that is in no small part fueled by the Israeli prime minister’s tenuous political standing at home, senior administration officials told CNN. Privately, multiple senior administration officials chalked up Netanyahu’s pronouncement – which was followed Tuesday by a declaration that that“no force in the world” will stop Israeli troops from entering Rafah – to bravado. Israeli officials argue that four Hamas battalions remain in Rafah that must be taken out. Israeli officials did not provide comprehensive answers to the questions in the meeting, the sources said. Hamas would rebuild from the remaining battalions there, the officials told their US counterparts.
Persons: CNN —, Biden, Benjamin Netanyahu’s, Netanyahu’s, Israel, chalked, Netanyahu, Antony Blinken, , Joe Biden’s, Jake Sullivan, Defense Lloyd Austin, Yoav Gallant, Austin, , ” Biden, Ron Dermer, Tzachi Hanegbi, Blinken, CNN’s Natasha Bertrand, Oren Liebermann Organizations: CNN, Israeli, Biden, Defense, , Israel Defense Forces, US Locations: Rafah, Gaza, Israel, Washington
Washington CNN —President Joe Biden said in an interview aired Tuesday that his predecessor Donald Trump represents the biggest threat to democracy in the United States, citing Trump’s actions during the January 6, 2021, Capitol riot and his calls to release from prison those involved in the attack. Asked what constitutes “the primary threat to freedom and democracy at home,” Biden answered bluntly: “Donald Trump.”“Donald Trump talks, uses phrases like you’re gonna – eviscerate the Constitution, he’s going to be a dictator on day one. Biden has sought to make issues of democracy central to his reelection campaign as he draws a contrast with Trump. Both Trump and Biden have used the events on January 6 to make their case to voters. Trump has been indicted on felony charges for working to overturn the results of the 2020 election ahead of the January 6 riot.
Persons: Joe Biden, Donald Trump, ” Biden, ” “ Donald Trump, , he’s, they’re, It’s, you’ve, , Biden, Trump, Trump’s, He’s, , “ Trump Organizations: Washington CNN, Capitol, Univision, White, Trump, Office, Biden Locations: United States
CNN —Five of the major US television networks have banded together to draft a letter urging President Joe Biden and former President Donald Trump to commit to participating in televised debates ahead of the 2024 election. Frank Fahrenkopf, co-chair for the nonpartisan Commission on Presidential Debates, told CNN he has not yet seen the letter. Biden has not publicly committed to debating Trump, although he has not ruled it out. Trump has posted on social media that he will debate “anytime, anywhere anyplace” despite the Republican National Committee voting unanimously in 2022 to withdraw from the Commission on Presidential Debates. “If there is one thing Americans can agree on during this polarized time, it is that the stakes of this election are exceptionally high,” the TV networks stated in the letter.
Persons: Joe Biden, Donald Trump, , Frank Fahrenkopf, Biden, Trump, ” Biden, Trump’s, Organizations: CNN, NBC, CBS, ABC, Fox News, The New York Times, Republican National, Republican Party, Trump
Jamie Dimon, one of the world’s most influential business leaders, is worried. The PE boom: The shrinking public market has private equity to blame — funds that pool money from investors to acquire or invest in companies. When a PE fund buys a public company, it takes that company private. The number of private companies in the US backed by PE firms has grown from 1,900 to 11,200 over the last two decades, according to JPMorgan data. Dimon’s company, of course, makes a huge amount of money from taking companies public, so he’s not exactly an impartial observer.
Persons: Jamie Dimon, , Matthew Kennedy, Dimon, , it’s, Russell, Lewis, Glass Lewis, Wells, aren’t, Matt Egan, Donald Trump’s, That’s, Reddit, , Read, Biden, Joe Biden’s, Sam Fossum, Anna Cooban, ” Biden Organizations: CNN Business, Bell, New York CNN, JPMorgan Chase, JPMorgan, Renaissance, PE, ” Companies, Companies, Harvard Law, Corporate, Institutional, Services, Deutsche Börse, Peloton Capital, CNN, ISS, Social, Trump Media & Technology Group, Trump, Trump Media, Twitter, White, Taiwan Semiconductor Manufacturing Company Locations: New York, United States, America, German, Arizona,
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