Thursday, October 10

ByKevin Sheekey

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Today’s Newsletter:

Greetings from Copenhagen, where the C40 World Mayors Summit has brought together 100 mayors from around the world who are leading the way towards a healthier and more sustainable future.

This morning, C40 Board President Mike Bloomberg was joined by nine U.S. mayors to release the American Cities Climate Action Playbook. When Mike took over the C40 it had a single staffer and a budget of $150k. Today it is a network of 94 cities representing every region of the world and an annual budget of over $30m.

If today’s actions were adopted by the 100 largest U.S. cities, they could collectively reduce city emissions by 28.5%, meeting their share of the U.S. national Paris Climate Agreement target by 2025.

“Our Climate Action Playbook will help spread their successes to other cities across the U.S. and the world,” Bloomberg said.

Paris Mayor Anne Hidalgo, who has chaired the C40 since 2016 and has made great progress in building a greener Paris, says cities will share their experiences “so we can accelerate our efforts” to tackle climate change. She will formally hand over C40 leadership to Los Angeles Mayor Eric Garcetti.

Follow a livestream of the summit here, learn more about the C40 here, and watch this video that highlights Bloomberg Philanthropies’ work on climate issues.

More: Megacity Mayors Gather in Denmark and Vow Climate Action (Associated Press)

Today’s Headlines.

Turkey’s Offensive Against US Ally: Death Toll Climbs as Turkish Offensive Against Kurds in Syria Enters 2nd Day (New York Times)

At least 16 Kurdish fighters were reported killed as Turkish ground forces assaulted towns in northeastern Syria.

The fighting threatens to create a humanitarian crisis for hundreds of thousands of people who have been cut off from Syrian assistance for years. Most rely on the Kurdish forces and aid groups for basic services. Civilians jammed roads while fleeing with their possessions on Wednesday.

Erdogan Threatens Europe With New Wave of Refugees (Bloomberg)

German Synagogue Attack: In Hate-Filled Manifesto, German Synagogue Attacker Sought a Wide Audience on Yom Kippur (New York Times)

Brexit – 21 Days Away.

London Trading Desks Ban Holidays and Bolster Liquidity for Brexit (Bloomberg)

Banks in London have told staff not to take any leave until November and next week’s EU summit is seen as another potential liquidity risk.

Trade Today.

U.S. Weighs Currency Pact With China as Part of Partial Deal (Bloomberg)

The White House is looking at rolling out a previously agreed currency pact with China as part of an early harvest deal that could also see a tariff increase next week suspended.

Europe Says It’s Ready for a Trade War If Pressured by the U.S. (Bloomberg)

France’s finance minister Bruno Le Maire says EU has sanctions at the ready if a settlement over aircraft subsidies isn’t reached.

First from Bloomberg.

Trump Urged Rex Tillerson to Help Rudy Giuliani’s Client Facing Department of Justice Charges (Bloomberg)

President Donald Trump pressed then-Secretary of State Rex Tillerson to help persuade the Justice Department to drop a criminal case against an Iranian-Turkish gold trader who was a client of Rudy Giuliani, according to three people familiar with the 2017 meeting in the Oval Office.

Tillerson refused, arguing it would constitute interference in an ongoing investigation of the trader, Reza Zarrab, according to the people. They said other participants in the Oval Office were shocked by the request.

Tillerson immediately repeated his objections to then-Chief of Staff John Kelly in a hallway conversation just outside the Oval Office, emphasizing that the request would be illegal. Neither episode has been previously reported.

Bulletin: 2 Giuliani Associates Arrested on Campaign Finance Charges (New York Times)

Lev Parnas and Igor Fruman, associates of President Trump’s personal lawyer, were also part of the pressure campaign on Ukraine to investigate Democrats.

Impeachment Watch.

Fox News Poll: Record Support for Trump Impeachment (Fox News)

A new high of 51 percent of Americans surveyed want Trump impeached and removed from office, another 4 percent want him impeached but not removed. Forty percent oppose impeachment altogether.

Among voters in swing counties (where Hillary Clinton and Trump were within 10 points in 2016), support for impeachment increased to 52 percent, up from 42 percent in July.

California Today.

Tech News You Can Use.

There’s a Scary New Reason Not to Borrow a Stranger’s iPhone Cable (Fast Company – Hat tip: Brynne Craig)

Bad news: A hacker has created a rogue Lightning cable that lets bad guys take over your computer. Worse news: Now it’s being mass-produced.

Best of late night.

“Some business news: Uber is offering a helicopter service from Manhattan to JFK airport. Meanwhile, if you want to fly to LaGuardia, they just send a lawn chair tied to some balloons.”
— Jimmy Fallon

On the pub in England that attempted to break the world record for gathering the largest number of men named ‘Nigel’ in one place:

“A pub in Britain attempted to break a Guinness World Record this weekend by hosting a so-called “Nigel night”, gathering 433 people named Nigel in one location. The previous record was 388 Nigels, which was set every other night.”
— Seth Meyers

“A pub in England recently hosted the world’s biggest gathering of ‘Nigels’. 433 men named Nigel gathered to celebrate ‘Nigel-ness’. All of the Nigels who turned up were rewarded with a free beer. So it wasn’t so much 433 Nigels as it was 433 men saying, ‘Sure, my name is Nigel!’”
— James Corden

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