Tuesday, July 9

ByKevin Sheekey

Despite the Trump administration slashing life-saving regulations and pulling the U.S. out of the Paris Climate Agreement, President Trump delivered a misleading speech Monday touting his ‘environmental leadership’ that relied on progress made by cities, states and businesses – and not the federal government.

Here’s what Mike Bloomberg said in response:

“The President can say what he wants, but his environmental record is clear – and awful. Trump is the Pollution President: He has protected toxic chemicals and pollutants that poison our air and water instead of the health of the American people.”

“He has given a green light to a pesticide that puts children and farm workers at risk of brain damage. He has weakened rules protecting children and pregnant women from toxic mercury pollutants that spew out of coal fired power plants. And he has driven up the greenhouse gases that are causing climate change.”

“The facts show that the progress we have made cleaning the air, protecting health, and cutting carbon emissions has happened in spite of him, not because of him — and it has been led by cities, states, and businesses.”

“He can try to claim credit for their leadership, but the American people won’t be fooled.”

Read more: Trump Touts ‘Environmental Leadership’ As Critics, Including Michael Bloomberg, Pounce (NPR)

What climate progress and leadership looks like:

U.S. Mayors Pledge to Buy Electric Cars, Buses for Cities to Cut Emissions (The 4th Revolution)
Mayors from 127 cities across the U.S., known as the Climate Mayors Electric Vehicle Purchasing Collaborative, have pledged to buy more than 2,100 electric vehicles — including school buses — by 2020 for their city-run fleets.

With support from Bloomberg Philanthropies, the collaborative is working with the American Cities Climate Challenge, a group of 25 U.S. cities pursuing goals to cut emissions and fight climate change.

23 Governors Join California in Opposing Trump Mileage Standards (Associated Press)
Citing climate-damaging tailpipe emissions, 23 U.S. governors signed a pledge backing California leaders in their showdown with the Trump administration over its plans to relax vehicle mileage standards.

Today in Financial News:
-Deutsche Bank Cuts Leave Thousands Chasing Limited Openings (Bloomberg)
-Hedge Funds Post Best First Half in Decade as Equities Lead (Bloomberg)
-Hedge Funds Are Tracking Private Jets to Find the Next Megadeal (Bloomberg)
-Investors Brace for Global Recession as Survey Shows Highest Expectations in 4 Years (Financial Times)
-Wall Street Banks Struggle to Hire Local Talent in China (Bloomberg)

HK Update: Hong Kong Leader Carrie Lam Says Extradition Bill Is ‘Dead’ as Unrest Continues (Bloomberg)

UK Ambassador to the US Latest: Trump Team Liked to Party with the British Ambassador (Politico Playbook)

Today in Gun Safety: How the Parents of Newtown are Fighting Back (Washington Post)
More: How Newtown Foreshadowed the NRA Split (Washington Post)
John Feinblatt, president of Everytown for Gun Safety, founded and funded by Michael Bloomberg, said that Sandy Hook was a turning point for the NRA and that “its leaders chose the course of extremism and refused to even consider common-sense laws supported by most Americans.”

Breaking: H. Ross Perot, Billionaire Who Sought Presidency, Dies at 89 (Bloomberg)

Record TV Ratings: More Americans Watched Women’s World Cup Final Than 2018 Men’s Final (CBS News)

Yes, This is Front Page News in the UK: Snowball the Dancing Parrot Stuns Scientists with 14 Separate Dance Moves (The Times – UK)


Best of late night.

“Say what you will about Fox & Friends, but when they are with you, they are with you. They’ll spin every negative into a positive. Every leader would be lucky to have that kind of support. If Kim Jung-un had a Fox & Friends, they’d be like ‘This haircut is the BEST one yet!!’”
Trevor Noah

On the U.S. Women’s national soccer team winning the World Cup:

“Meghan Rapinoe won and she didn’t even need Russia.”
— Jimmy Kimmel

“Meghan Rapinoe and Alex Morgan will be here to celebrate with us on Thursday night, maybe we’ll get them the McNuggets they missed out on at the White House.”
— Jimmy Kimmel

If you like my newsletter, please share it with friends, colleagues and family and invite them to sign up here.

And I want your feedback! Please use the feedback button below to let me know what you think of the Daily Read.

Want the Sheekey Daily Read by email?
I’m always searching for the stories that shine a light on – and offer solutions to – some of the most important issues of our time. I started my daily email to capture and share the stories I think are important. I invite you to join me to stay informed.
– Kevin Sheekey
By submitting my information, I agree to the privacy policy and to learn more about products and services from Bloomberg.
Sending...