Displaying items by tag: russia

Thursday, 09 August 2018 09:20

Trump Counteroffers Mueller for Interview

(Washington)

After a long and quite public back and forth about the potential for an interview, are President Trump and Robert Mueller close to meeting? Trump’s team has apparently responded to Mueller’s request for interview with a counteroffer on the terms. The two parties have been in discussions since at least January. The basic core of the counteroffer is that Trump is happy to talk about collusion with Russia, but not about obstruction of justice. Though Rudy Giuliani, who is on Trump’s legal team, said they did leave the door open to possible questions on obstruction.


FINSUM: This seems like a positive development. It appears like it would be good for all sides to have this investigation finished once and for all, and a sit down with Trump could potentially resolve things.

Published in Politics
Wednesday, 25 July 2018 10:11

Cohen Turns on Trump with Recording

(Washington)

Rumors of former Trump lawyer Michael Cohen turning on the president have been stirring for weeks. Now it appears to have happened, as CNN has published a recording (which it says is from Cohen) of President Trump and Cohen discussing the “financing” of a payment to a former Playboy model. The conversation was apparently about buying the playmate’s story, a story which involved an alleged affair with Trump in 2006.


FINSUM: In our view this will likely just cause another minor firestorm. Trump doesn’t say anything really shocking or incriminating in the recording, so we don’t imagine this will have any significant impact.

Published in Politics
Wednesday, 18 July 2018 10:05

Oil is Diving

(Houston)

The oil market is continuing to experience some deep tremors after a great year. The oil benchmark dropped another 1% yesterday, bringing prices down to their lowest level in three months. After months of rising on concerns of weak output, the market is plunging on the threat of oversupply, especially from Russia and OPEC countries. Additionally, the IEA put out a report saying it saw global oil demand falling, another factor which weighed on the market. In addition to worries about rising supply and weakening Chinese GDP, Commerzbank commented that “The unexpected increase in U.S. crude oil stocks by 629,000 barrels reported by the API is generating headwind, as is a sharp rise in Russian oil production”.


FINSUM: It is starting to feel like the tide might really be turning on the oil market, which has had a great 18 months.

Published in Comm: Precious
Tuesday, 17 July 2018 09:22

Trump Faces Uproar Over Russia Comments

(Washington)

President Trump faced nothing short of public and political outrage in the US yesterday, after he essentially sided with Russia’s view of the 2016 election meddling scandal. When asked about Russia’ alleged meddling in the election, Trump insinuated that he believed Putin’s side of the story more than that of US intelligence agencies (though he did not say this outright). That sparked widespread condemnation from political foes and allies alike.


FINSUM: Whatever you think of Trump’s comments, most might agree that these are some of his most provocative and risky comments yet. The reason being that appearing to “side” with Russia might undermine some of his own nationalist voter base.

Published in Politics
Tuesday, 03 July 2018 09:33

Cohen About to Turn on Trump

(Washington)

We have not covered the Trump probe saga in a while, and with good reason—there has been little news. However, that may be about to change. ABC News has run an interview which seems to suggest that Trump’s former attorney, Michael Cohen, may be about to turn on the president as he prioritizes his own family. “I will not be a punching bag as part of anyone’s defence strategy … My wife, my daughter and my son have my first loyalty and always will ... I put family and country first”. He says he is not the villain in this story and does not want to be depicted that way.


FINSUM: Maybe he is about to turn on Trump, but no one knows what cards he may or may not be holding.

Published in Politics
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