Trump Today: President says second North Korea summit being set up as he weighs Nikki Haley's replacement
President Donald Trump accepted the resignation of U.S. ambassador to the United Nations Nikki Haley on Tuesday, as he said he was weighing locations for a second North Korea summit and declared an emergency in Florida with Hurricane Michael expected to hit.
HALEYâS RESIGNATION ACCEPTED
Trump called Haley a âfantastic personâ whoâd done an âincredible jobâ as the U.S.âs representative to the world body, and told reporters: âShe got to know China, Russia, India. She knows everybody on a first-name basis, and they like her, except maybe a couple, which is normal. They canât all like you, but they do.â Haley will stay in her job through the end of the year, Trump said. He told reporters heâd consider Dina Powell, a former deputy national security adviser, for the job, and shot down speculation heâd consider his daughter Ivanka for the post.See Also
The Implications Behind Saudi Journalist's DisappearanceÃ
Also see: Nikki Haleyâs 2-year stint as Trumpâs U.N. ambassador not unusual for a job thatâs often been a revolving door.
Trump also said that he is preparing for a second summit with North Korean leader Kim Jong Un, and that three or four different locations are under consideration. âI like him. He likes me,â he said about Kim. Trumpâs comments came a day after Secretary of State Mike Pompeo said he and Kim made âsignificant progressâ toward an agreement for Pyongyang to give up its nuclear weapons.
LATEST FED CRITICISM
In his latest criticism of the Federal Reserve, Trump said he doesnât like the central bankâs decision to keep raising interest rates. âI think we donât have to go as fast,â the president said, adding he doesnât believe there is a problem with inflation. The Fed has raised interest rates three times in 2018 and is forecasting more increases to come. In August, Trump said he expected âmore helpâ from the Fed.
Also see: Fed Chairman Powell says that when it comes to this economy, âeverythingâ keeps him up at night.
EMERGENCY DECLARATION FOR HURRICANE
Trump declared that an emergency exists in Florida, in advance of Hurricane Michael making landfall in the stateâs panhandle. The declaration authorizes federal assistance for emergency measures.
Oil futures CLX8, +0.59% rose Tuesday as market participants eyed any risks to energy infrastructure as the storm headed for the Gulf of Mexico.
See: Oil boosted by signs Iran crude exports falling, Hurricane Michael threat.
Republican senators said Trump followed through with plans to lift a ban on summer sales of a higher-ethanol blend of gasoline. The president âis doing something for agriculture, doing something for the ethanol workers in Iowa and doing something for the environment,â said Iowa Sen. Chuck Grassley, a Republican.
Trump also plugged his deal to replace the North American Free Trade Agreement in tweeting that heâd be going to Iowa for an evening rally. âThe Farmers (and all) are very happy with USMCA!â he tweeted, referring to the United States-Mexico-Canada agreement.
Also read: Hereâs what Trumpâs ethanol plan means for farmers, refiners and motorists.
Want news about Asia delivered to your inbox? Subscribe to MarketWatch's free Asia Daily newsletter. Sign up here.Source: Google News North Korea | Netizen 24 North Korea