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Two Democrats with a powerful network of friends are circulating a proposal for President Joe Biden to bow out of the 2024 race and launch an expedited Democratic primary to choose a new nominee before the August convention. The proposal comes as pressure builds on Biden to exit the race following his stumbling debate on June 27 against former President Donald Trump. "Overnight, Biden is hailed as a modern-day George Washington, not an octogenarian clinging to power with a 37% approval rating," the proposal reads. The next phase of the plan is a "blitz primary," where prospective Democratic candidates submit their bids and delegates of the Democratic National Convention ultimately narrow down the list to six contenders. The Biden campaign did not immediately respond to a request for comment on the proposal.
Persons: Joe Biden, Rosa Brooks, Obama, Clinton, Ted Dintersmith, Semafor, Donald Trump, Brooks, Dintersmith, Biden, George Washington, Oprah Winfrey, Taylor Swift, Stephen Colbert Organizations: Cross, White, Georgetown University, Democratic, CNBC, Biden, Trump, Democratic National Convention, DNC Locations: Washington , DC, America
Even so, four sources close to the Biden family said there is no active effort to shake up staffing right now. Hunter Biden's appearance in White House meetings this week was just one instance of what is expected to be the deeper Biden family involvement. From the view of some Biden aides, the family is seizing on an opportunity to try to settle old scores. President Joe Biden's family is attempting to become more involved over his campaign and White House affairs as their anger with his staff spills into public view. Hunter Biden's stepped-up involvement has confounded some White House staff members and revived a longtime sore spot.
Persons: Biden, Anita, Bob, Jeff Zients, Anita Dunn, Bob Bauer, Hunter, Valerie Owens, Joe Biden's, Joe Biden, Jill Biden, Francis S, Ron Klain, It's, Hunter Biden's, Bauer, Dunn, Hunter Biden, Michael LaRosa, LaRosa, Andrew Bates, Donald Trump, Bauer haven't, Almighty's Organizations: White, White House, ABC, Biden, NBC, Air Force, Gabreski, Union, Yale, Camp David, Democratic Party, Trump Locations: White, Washington, Westhampton Beach , New York, Delaware
U.S. District Judge Aileen Cannon on Saturday granted former President Donald Trump's request for further briefing on the issue of presidential immunity in the Mar-a-Lago classified documents case and delayed certain deadlines. Smith's brief is now due on July 18, and a reply from Trump's team is due on July 21. There is no trial date in sight in the classified documents case. The latest development comes after Trump's attorneys on Friday asked Cannon to pause court proceedings and consider how the Supreme Court's ruling affects the case. Trump's team in February had also filed a motion to dismiss the indictment on immunity grounds.
Persons: Donald Trump, Aileen Cannon, Donald Trump's, Trump, Cannon, Jack Smith, Judge Juan Merchan, Alvin Bragg's Organizations: CNN, U.S, Trump, Department of Justice, Manhattan Locations: Atlanta , Georgia, U.S
Read previewFor most of President Joe Biden's White House tenure, Republicans have floated theories about the president's health and cast doubt on the veteran Democrat's leadership. Biden sought to use the debate to gain some momentum in a race that for weeks showed him tied with Trump in national polls. In the weeks leading up the Democratic National Convention in Chicago, this is not where the Biden campaign thought it'd be. But the former president is not in the clear in the eyes of the public, despite this week's Supreme Court ruling. Should Biden step aside, a more popular Democrat — backed by a party itching to defeat Trump again — could easily dispatch the former president in November.
Persons: , Joe Biden's, Donald Trump —, Biden, Trump, Biden's, Roe, Wade, they've, it'd, Mike Howell, Kamala Harris — who'd Organizations: Service, Republicans, Business, Trump, USA, Suffolk University, The New York Times, Siena College, Capitol, Democratic National Convention, Democratic, The Washington Post, Republicans pummeled Democrats, Biden, Daily Locations: Washington, Chicago
Atlantis, The Royal Atlantis, The Royal: The suites rooms are all connected via a mobile app, allowing guests to control their room's thermostat, lighting, and television remotely. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.
Persons: Masyaf, Dar Al Masyaf, Jumeirah Dar Al Masyaf, Villa, Abra, Lana, David, what’s, Jay Z, Louis Vuitton Organizations: CNN, Villa, Jumeirah Dar, Dar, cabanas, Atlantis, Imperial, Penthouse, Seasons Dubai, Four, Dubai, Suite, Jumeirah Burj, UAE dirhams, Royal Locations: Gold, Dubai, Dar Al, Jumeirah Dar Al, Arabian, Dorchester, Burj Khalifa, Jumeirah Burj Al, Arab
NYSEIn 2018, British regulators sanctioned the UK arm of online gambling giant Flutter after it failed to catch an astonishing anomaly. The United States is Flutter's largest and fastest-growing market in terms of revenue. Both online sports betting and online casinos have been legal and regulated far longer in Britain than in the United States. But in the United States, Flutter doesn't place such limits on the age group. Around a decade ago, British politicians became concerned about a rise in gambling-linked fraud and suicides involving online VIP customers.
Persons: Peter Jackson, America —, Amit Patel, Patel, Alex King, King, FanDuel, Chris Ratcliffe, haven't, hasn't, Jackson, weren't incentivized, Flutter's FanDuel, Entain, Rob Wood, BetMGM, Paul Tonko, Tonko, Entain's Wood, , Joe K, Joe, Pavlo Gonchar, Rob Gronkowski, Jamie Foxx, Foxx, Gronkowski, Goldman Sachs, who'd, Betfair, Entain's, Felicia Grondin, Silquia Patel, Eduardo Munoz, Flutter's, Chris Jones, Josh Giaramita Organizations: MGM, New York Stock Exchange, NYSE, Flutter's U.S, Jacksonville Jaguars, Reuters, Fanduel Inc, Bloomberg, Getty, The New York Stock Exchange, NYSE BetMGM, MGM Resorts International, MGM Resorts, New York Democrat, U.S, Lightrocket, Supreme, American Gaming Association, New York, Gaming Commission Locations: America, Edinburgh, Britain, United States, Dublin, U.S, British, BetMGM, New Jersey, States, United Kingdom, Ireland, New York, East Rutherford , New Jersey, FanDuel
And while few shoppers would save their old grocery receipts, using apps like Instacart keep your order history for years. Now, some customers are using those past orders to discover inflation's highly personal impact on them. AdvertisementIn a video on TikTok, White shared his experience using Instacart's "reorder items" function, explaining how a $35 order skyrocketed to more than $62 in the past five years. (Several commenters suggested this was due to the app replacing some out-of-stock items with more expensive offerings from third-party sellers.) White told BI the response to his video, which has nearly a million views, has been very polarized.
Persons: , White, Manhattan —, It's, Andy Kiersz Organizations: Service, Business, Walmart, Pepsi Locations: Virginia, Los Angeles and New York City, Gelson's, LA, Wegman's, Manhattan
President Joe Biden on Monday evening weighed in on the SCOTUS ruling on presidential immunity. With its decision, Biden said SCOTUS "fundamentally changed" the country. AdvertisementPresident Joe Biden on Monday warned that the Supreme Court's decision to grant presidents immunity from criminal prosecution for "official acts" will fundamentally change the country. "Today's Supreme Court decision on presidential immunity — that fundamentally changed for all practical purposes. Today's decision almost certainly means that there are virtually no limits on what the president can do."
Persons: Joe Biden, SCOTUS, Biden, Sonia Sotomayor's, Organizations: Service, Cross, White, Business Locations: America, United States
CNN —Donald Trump will not be sentenced on his business fraud conviction until September, a New York judge ruled Tuesday in the wake of Monday’s Supreme Court decision on presidential immunity. The ruling could impact the indictments of Trump in the classified documents and Georgia election interference cases as well. Trump’s legal team filed a letter Monday seeking to challenge the former president’s conviction after the Supreme Court ruled that presidents have an absolute immunity from prosecution for core official acts. Will Scharf, an attorney who represents Trump in the immunity case, told CNN Monday night the high court’s ruling “absolutely” impacts the hush money case. Video Ad Feedback Biden reacts to Supreme Court's immunity ruling 04:35 - Source: CNN“Under Trump, this official-acts evidence should never have been put before the jury.
Persons: Donald Trump, Joe Biden’s, Trump, Juan Merchan, Jack Smith’s, , defendant’s, Attorney Alvin Bragg, Trump’s, Will Scharf, , , Hope Hicks, Biden, Trump ‘, ’ ”, Organizations: CNN, Monday’s, Trump, Manhattan, Attorney’s, Attorney, Locations: New York, Georgia, Manhattan, Trump
In fact, a single piece of evidence could be Trump's handiest monkey wrench of all. Manhattan district attorney's office/BIDays before closing arguments, Business Insider highlighted People's 81 as one of ten pieces of incriminating "smoking gun" evidence. SCOTUS/Business InsiderIt took less than a day for defense lawyers to use this ban on "official act" evidence to challenge Trump's May 30 conviction. "Under Trump," defense lawyer Todd Blanche wrote Monday, referring to the SCOTUS decision, "this official-acts evidence should never have been put before the jury." Why People's 81 may be Trump's best monkey-wrenchIn hopes of setting aside Trump's verdict, Trump's lawyers raised other instances where they say "official acts" were improperly used at trial against him.
Persons: , Donald Trump's, Trump, Michael Cohen, Cohen, Donald Trump, Joshua Steinglass, SCOTUS, Trump's, It's, Hope Hicks, Todd Blanche, Blanche, Attorney Alvin Bragg, — Bragg, Juan Merchan, Merchan, Michel Paradis, — Trump, Hicks, Stormy Daniels, Paradis, Daniels Organizations: Service, Business, Manhattan, Attorney's, Supreme Court, People's, Trump, Prosecutors, Attorney, New York, Columbia Law School Locations: Manhattan, SCOTUS
Both of his prosecutions of Donald Trump — the Mar-a-Lago documents case in Florida, and the insurrection case out of Washington, DC — will be delayed and diminished by Monday's United States Supreme Court's immunity decision, legal experts predict. The SCOTUS decision found that former presidents are presumptively immune from prosecution for acts they took while in office. That review of the insurrection case — by the DC Circuit Court of Appeals and, likely, the Supreme Court once again — will take many months. Advertisement"The way the Supreme Court set up the new rule is that most everything the president does is 'presumptively immune,'" he said. By that new measure, any communication Trump has with another federal official is, for all practical purposes, immune from prosecution, he said.
Persons: , Jack Smith, Donald Trump —, SCOTUS, Trump, Cliff Sloan, Michel Paradis, Sloan, Paradis, Justice Barrett Organizations: Service, Monday's United, Business, DC, Appeals, Georgetown University, Columbia Law School, Prosecutors, Justice Department, Department, Trump Locations: Florida, Washington, Monday's United States, DC, Beach , Florida
Read previewIn her dissenting opinion to the Supreme Court's ruling on presidential immunity, Justice Sonia Sotomayor said that the conservative majority had enabled presidents to assassinate political rivals without fear of criminal prosecution. Related stories"When he uses his official powers in any way, under the majority's reasoning, he now will be insulated from criminal prosecution," Sotomayor wrote. Immune, immune, immune." Trump's lawyers had argued that he was immune from criminal prosecution over those efforts because they fell within the scope of his official duties. AdvertisementFormer federal prosecutor Neama Rahmani disagreed with Sotomayer, saying that there would be no presidential immunity for extreme circumstances like ordering the assassination of a political rival.
Persons: , Sonia Sotomayor, Sotomayor, Elena Kagan, Ketanji Brown Jackson, Donald Trump, Neama Rahmani, Sotomayer Organizations: Service, Business, Trump, Justice Department, Trump electors
Read previewThe Supreme Court on Monday handed former President Donald Trump a partial victory by kicking the future of his January 6 criminal case down to a lower court. But on a 6-3 vote, a majority of the high court decided that former presidents do hold some immunity. Before Monday's ruling, former presidents already held sweeping immunity from civil prosecution thanks to a Nixon-era case. In taking its time to craft this ruling, justices have essentially handed Trump another victory for his delay tactics. If he were to win the election, he would likely scuttle the January 6 case and Smith's other criminal case in Florida related to Trump's hoarding of classified documents.
Persons: , Donald Trump, Trump's, Justice Roberts, Roberts, Monday's, Nixon, Trump, Tanya Chutkan, Jack Smith's, Jeffrey Clark, Clark, It's, Neil Gorsuch, Gorsuch, recoiled, Ketanji Brown Jackson, Samuel Alito, Alito, Martha, Ann Alito Organizations: Service, Business, Department, Justice Department, Trump, Democratic, New York Times Locations: U.S, Florida, Alito's Virginia
The ruling came on the final day of the Supreme Court's term that began in October. At issue in the case was whether Corner Post was too late when it brought its legal challenge. A group of small business associations had filed a brief urging the Supreme Court to maintain a strict statute of limitations that begins at the time a regulation is finalized. The Supreme Court in 2015 left in place a lower court's ruling backing the regulation. Circuit Court of Appeals upheld Traynor's decision, setting up the Supreme Court appeal.
Persons: Dado Ruvic, Charles Koch's, Joe Biden's, Dodd, Frank Wall, Daniel Traynor, Traynor's, John Kruzel, Will Dunham Organizations: REUTERS, Companies, Mastercard, WASHINGTON, U.S, Supreme, Federal, U.S . Chamber of Commerce, Federal Reserve, of Governors, District, Circuit, Fed, Thomson Locations: North Dakota, Watford City, Corner, St, Louis
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'No surprise' on Supreme Court's immunity ruling: Former AG Alberto GonzalezFormer US Attorney General Alberto Gonzalez joins 'Squawk on the Street' to discuss the Supreme Court's immunity ruling regarding former President Trump, why the decision wasn't unanimous, and more.
Persons: Alberto Gonzalez, Trump Organizations: US
Read previewThe Supreme Court isn't willing to blow up the internet just yet. The Texas law applied to social media companies with at least 50 million users, while Florida included companies with over 100 million users. As Judge Andrew Oldham wrote in his appeals court decision upholding the Texas law, the Florida law "prohibits all censorship of some speakers," while the Texas law "prohibits some censorship of all speakers." Part of the reason the Supreme Court might have agreed to hear the cases to begin with is because there was a circuit split between the states. But Calvert said on Monday that because the high court's decision is so favorable to the social media companies, that's not likely to happen.
Persons: , isn't, Paxton, Florida's Moody, NetChoice —, Donald Trump, Andrew Oldham, Clay Calvert, Calvert, Elena Kagan, Kagan, Ken Paxton, Ashley Moody ., that's Organizations: Service, Business, Facebook, Twitter, Capitol, Republicans, Meta, Google, Appeals, Circuit Locations: Texas, Florida
Morgan Stanley hiked its price target on Nvidia to $144, implying upside of 16.5%. It also lifted its 12-month price target to $167 from $143, corresponding to 22% upside. Analyst Krisztina Katai stood by her buy rating for the retail giant but upped her price target to $77 from $71. Analyst James Schneider assigned the stock a 12-month price target of $50, which corresponds to a 21% increase from its Friday closing price. — Lisa Kailai Han 5:47 a.m.: Morgan Stanley hikes its Nvidia price target Nvidia should continue rising as its next generation of chips arrives, according to Morgan Stanley.
Persons: Morgan Stanley, Goldman Sachs, Alexander Blostein, Blostein, Lisa Kailai Han, Krisztina Katai, Katai, — Lisa Kailai Han, James Schneider, Schneider, Moore, Joseph Moore, Blackwell, Hopper, Nvidia's, BIRK, ramping, Jay Sole, Fred Imbert Organizations: CNBC, Nvidia, UBS, Exchange, Intercontinental Exchange, Nat Gas, ICE's Energy, Nat, ICE, Deutsche Bank, Walmart Deutsche Bank, Walmart, Verizon, Birkenstock Locations: Friday's, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupreme Court immunity ruling is broadly 'what we expected,' says former FBI officialPeter Strzok, former FBI deputy assistant director, joins 'Squawk on the Street' to discuss the Supreme Court's ruling regarding immunity for former President Trump, the line between official and unofficial acts, and more.
Persons: Peter Strzok, Trump Organizations: FBI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer FDA Commissioner Dr. Scott Gottlieb on Supreme Court overturning the 1984 Chevron precedentFormer FDA Commissioner Dr. Scott Gottlieb joins 'Squawk Box' to weigh in on the Supreme Court's decision to overturn the 1984 Chevron precedent and more.
Persons: Scott Gottlieb Organizations: Former, Chevron, FDA
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Most, if not all, of that conduct would fall on the 'presumptively-official' side of the line," said Michel Paradis, an attorney who teaches national security and constitutional law at Columbia Law School. AdvertisementUnder Monday's decision, "courts may not inquire into the President's motives" in deciding if a presidential act is official or unofficial. "And this opinion, more than any other in the Supreme Court's history, gives the president king-like powers," Sloan added. "Everybody was horrified" when Trump's lawyer first raised immunity in that circumstance as a possible consequence, Sloan said.
Persons: , Richard Nixon, — Nixon, Michel Paradis, Paradis, Trump, Trump's, Rudy Giuliani, Neama Rahmani, Rahmani, Cliff Sloan, Sloan, Sonya Sotomayor Organizations: Service, FBI, CIA, Business, Columbia Law School, Department of Education, Environmental Protection Agency, Biden, Trump, West, Georgetown Law, Supreme Locations: Independence
The legal roller coaster for millions of student-loan borrowers on President Joe Biden's new repayment plan continues. A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges blocked their implementation. The Education Department did not immediately respond to a request for comment from Business Insider on the stay. This means that for now, the Education Department can continue working to implement the new SAVE provisions set to go into effect this July. For now, borrowers continue to await further guidance from the Education Department.
Persons: Joe Biden's, Persis Yu Organizations: Service, Business, Biden's Education Department, GOP, Kansas, Circuit, Education Department, Democratic, Protection, Department, Education, SAVE, Republican Locations: Kansas, Missouri
U.S.–founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions. U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions. Dechert has more than 20 employees in its Hong Kong office, 14 of whom are lawyers, including four partners, according to its website and one of the people. Its Beijing office houses only three lawyers, as per the website. There are no other China offices listed on the global law firm's website.
Persons: , Dechert Locations: Hong Kong, Beijing, Greater China, U.S, China, Singapore, Asia
Trump immunity ruling hands big decisions to Judge Tanya Chutkan
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: +2 min
A general view of the U.S. Supreme Court as justices issue rulings in pending cases on the final day of the court's term in Washington, U.S., July 1, 2024. The U.S. Supreme Court's presidential immunity ruling on Monday sends the federal case accusing Donald Trump of attempting to overturn his 2020 defeat back to Judge Tanya Chutkan for critical decisions that will shape the future of the historic prosecution. Chutkan, a judge on the U.S. District Court in Washington, will have to decide whether a pair of Supreme Court rulings requires some of the allegations against the Republican presidential candidate be tossed out. Chutkan, born in Jamaica and nominated as a judge by former Democratic President Barack Obama, was assigned to oversee the Trump case in August 2023. She has had little to do for more than six months as Trump's bid for presidential immunity stalled any activity until the Supreme Court ruled.
Persons: Donald Trump, Tanya Chutkan, Trump, Joe Biden, Chutkan, Barack Obama Organizations: U.S, Supreme, Monday, Republican, Democratic, Trump Locations: Washington , U.S, Washington, New York, Jamaica
Republican presidential candidate, former U.S. President Donald Trump speaks at a campaign rally at the Liacouras Center on June 22, 2024 in Philadelphia, Pennsylvania. The Supreme Court is poised Monday morning to release the final opinions of its term — including a ruling on whether former President Donald Trump is immune from criminal prosecution on federal election interference charges. The decision by the high court, whose six-seat conservative majority includes three members nominated by Trump, will determine the fate of the high-stakes criminal case brought by special counsel Jack Smith. Trump is charged in a four-count indictment with illegally conspiring to overturn his loss to President Joe Biden in the 2020 presidential election. The case in Washington, D.C., federal court has been on pause while Trump argues that he is immune from prosecution for any official acts he performed while he was president.
Persons: Donald Trump, Trump, Jack Smith, Joe Biden Organizations: Liacouras Center, Washington , D.C Locations: Philadelphia , Pennsylvania, Washington ,
Supreme Court Justices Sonia Sotomayor, Ketanji Brown Jackson and Elena Kagan laid out grim visions of U.S. democracy in their joint written dissents to the court's Monday decision on former President Donald Trump's claim of presidential immunity from criminal prosecution. "In every use of official power, the President is now a king above the law," Sotomayor wrote. It's more of a warning," LaCroix told CNBC in an interview about the three dissents, written by the only three justices nominated to the court by Democratic presidents. The immediate effect was to send special counsel Jack Smith's criminal election fraud case against Trump back to U.S. District Judge Tanya Chutkan. She will have to rule on whether the criminal charges pertain to official acts Trump carried out as president, granting him immunity, or his private conduct.
Persons: Sonia Sotomayor, Ketanji Brown Jackson, Elena Kagan, Donald Trump's, Sotomayor, Jackson, Alison LaCroix, LaCroix, Jack, Tanya Chutkan, Trump Organizations: University of Chicago, CNBC, Democratic, Trump, Republicans Locations: U.S
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