Monday, July 16

ByKevin Sheekey

Mike Bloomberg: America’s Values Must Guide White House Diplomacy (Bloomberg Opinion)

In an oped published on Sunday, Mike Bloomberg wrote:
“Never in my lifetime can I remember a week when a president of the United States did more to insult our closest allies and flatter our biggest adversaries. Alienating friends who share our values while ignoring a hostile power’s intrusions into U.S. sovereignty is diplomacy at its most incompetent and counterproductive — and Americans in both parties must demand that it stop.”

“For generations, leaders in both parties have played essential roles in building and sustaining strategic alliances that have served the U.S. so well — and helped avert World War III. Those alliances are locked together not just by concrete collective action — military cooperation, trade deals and diplomatic initiatives — but also by shared principles. The U.S. and its European allies have been the bulwark of values that have produced so much human progress: democracy, liberty, rule of law, human rights, a free press and capitalism. Americans overwhelmingly support those values and understand that our interest lies in forming alliances with nations who share them. That is not a Democratic or Republican position. It is part of our identity as Americans — and it’s our collective responsibility to ensure that the White House knows it.”

Helsinki Update: Trump Tells Putin The World Wants Them to ‘Get Along’ (Bloomberg)
Just Sitting Down with Trump, Putin Comes Out Ahead (New York Times)

What Robert Mueller’s Indictments Tell Us (Axios – Mike Allen)
Read the full 29 pages of Friday’s indictments here.

Most Read on the Bloomberg Terminal (Last 24 Hours):
Goldman Said Poised to Take Next Step Toward Post-Blankfein Era (Bloomberg)

Big Bank Earnings:
Deutsche Bank Surprises with Profit Beat Welcomed by Investors
(Bloomberg)
Bank of America’s Consumer Profit Jumps as Customers Boost Borrowing (Bloomberg)

Climate Stats of the Week: Three Surprising Energy Trends (New York Times)
In Texas, wind energy production has increased by 645 percent, while coal decreased by 9 percent since 2017.

For our French readers: Action climatique: les marchés s’engagent (Les Echos – Oped by Mike Bloomberg)

France’s World Cup Win: Macron Can Thank His Lucky Stars After World Cup Triumph (France 24)


The week ahead.

Today:
-U.S. President Donald Trump and Russian President Vladimir Putin hold their first summit. In Helsinki.
-Chinese Premier Li Keqiang co-hosts the China-European Union summit with European Council President Donald Tusk and European Commission President Jean-Claude Juncker. In Beijing.
-Latin American infrastructure conference includes participation by finance ministers from Colombia, Peru, Paraguay and Uruguay. In Madrid.
-U.S. Senators Mark Warner, Marco Rubio and EU parliament members participate in an Atlantic Council event: “Pulling the Strings: the Kremlin’s Interference in Elections.” In Washington.

Tuesday, July 17
-Federal Reserve Chairman Jerome Powell delivers the semi-annual Monetary Policy Report to the Senate Banking Committee and answers lawmakers’ questions. In Washington.
-Japanese Prime Minister Shinzo Abe, European Council President Donald Tusk and European Commission President Jean-Claude Juncker meet and sign an EU-Japan trade agreement. In Tokyo.
-European Commissioner Maros Sefcovic mediates trilateral talks on natural gas between Germany, Russia, and Ukraine. In Berlin.
-European Affairs ministers from EU nations discuss the status of Brexit negotiations with the U.K. In Brussels.

Wednesday, July 18
-Ken Griffin, founder and CEO of Citadel, speaks at the Delivering Alpha conference. Larry Kudlow, director of the U.S. National Economic Council, gives the keynote. In New York.
-Aspen Security Forum. Speakers include FBI Director Christopher Wray on national security, Homeland Security Secretary Kirstjen Nielsen, and Director of National Intelligence Dan Coats. Through July 21 in Aspen, Colorado.

Thursday, July 19
-U.S. Commerce Department leads two days of hearings in its investigation to determine if auto imports pose a national security threat. The Trump administration is said to be considering 25 percent tariffs on that basis.

Friday, July 20
-SpaceX is scheduled to launch a Falcon 9 rocket for Iridium Communications, which is replacing its legacy spacecraft with Iridium NEXT satellites. From Vandenberg Air Force Base in California.

Saturday, July 21
-G-20 finance ministers and central bankers meet in Buenos Aires. Through July 22.
-SpaceX’s Falcon 9 is contracted to launch the Telstar 19 V communications satellite into orbit. From Cape Canaveral, Florida.

From NI WEEKAHEAD on the Bloomberg Terminal.


Headlines from around the world.

Bloomberg: Billionaire Mukesh Ambani Topples Jack Ma as Asia’s Richest Person

The Guardian: Theresa May: Donald Trump told me to sue the EU

China Daily: China, EU agree to promote multilateralism, back free trade

Evening Standard: Nearly 250,000 protesters marched in London against Trump’s visit

The Sun: Vladimir Putin has Umbrella While Croatian and French Leaders Get Soaked After World Cup


Best of late night.

From the archives: As President Trump meets President Putin in Helsinki today, remember this Saturday Night Live cold open on Jan 22, 2017 with Putin, played by Beck Bennett, who assured Americans that everything will be fine.

Vladimir Putin Cold Open – Saturday Night Live (NBC)