Tuesday, May 1

ByKevin Sheekey

It’s May Day.

Depending on your political leanings, it marks a springtime festival or an international day to celebrate workers. Trump has fittingly overnight postponed a trade war with the EU. It’s also a second day of wondering if the White House Correspondents Association will end their black-tie roast in the age of Trump.

And former FBI Director James Comey seems to get it. We can’t pretend the world hasn’t changed. He told Mike Allen of Axios: “We don’t live in that (normal) world. … so many norms have been broken that disturb me… On a regular basis, the president tweets that I should be in jail, and even I go, ‘Eh.’ [Shrugs.] And that’s crazy, right?”


Tariff Reprieve: The European Union, Mexico and Canada will get an additional one-month reprieve from Trump’s steel and aluminum tariffs. The White House also announced agreements-in-principle with Argentina, Australia and Brazil. The moves give breathing room to allies who’ve been scrambling to secure permanent refuge from the duties and could be seen as a goodwill gesture as the U.S. seeks to renegotiate NAFTA. Trump Extends Relief, Confusion as Allies Given Tariff Reprieve (Bloomberg)


Most Read on the Bloomberg Terminal (Last 8 Hours):
U.K. Proposes Solution to Brexit Deadlock Over Irish Border
(Bloomberg)


Revealed – Robert Mueller’s Questions for Trump: The special counsel investigating Russia’s election interference has at least four dozen questions he wants to ask President Trump to determine whether he obstructed the inquiry itself, according to a list of the questions obtained by The New York Times. Mueller Has Dozens of Questions for Trump in Broad Quest on Russia Ties and Obstruction (New York Times)

Read the questions (with context) here.


Tesla graphic of the day.

Elon Musk

Tesla Doesn’t Burn Fuel, It Burns Cash: A complete guide to how Elon Musk has raised, and then spent, billions of dollars (Bloomberg)


Climate Knowledge is Power: Today, the Mike Bloomberg founded and funded Task Force on Climate-related Financial Disclosures (TCFD) announced the launch of the Knowledge Hub – the first online platform to provide useful information on quality climate-related disclosure. The TCFD has developed voluntary recommendations on climate-related information that companies should disclose to help investors, lenders, and others make sound financial decisions. Read the press release here.


Headlines from around the world.

Japan Times: Is a Nobel Prize in the cards for Trump? Depends who you ask

Bloomberg: Aftermath of Japan’s ‘Golden Week’ Could Squeeze Treasury Shorts

Bloomberg: Egyptian Billionaire Naguib Sawiris Has Put Half His Net Worth Into Gold

China Daily: NY warns of telephone scam targeting Chinese Americans

The Times (UK): Sajid Javid to end hostile era for illegal immigrants


Best of late night.

On the White House Correspondents’ Dinner that happened in Washington on Saturday:

“This is the correspondents’ dinner, celebrating the freedom of speech; you can’t just say whatever you want!”
— Stephen Colbert

“How dare you besmirch the O.K. name of Sarah Huckabee Sanders?”
— Stephen Colbert

“I am so proud, right down to the breastbone, that the press is defending her despite the fact that her boss joked about throwing reporters in jail. That’s the kind of comedy the press likes!”
— Stephen Colbert, on Sarah Huckabee Sanders

On peace talks on the Korean peninsula:

The president of South Korea said he thinks Trump should win a Nobel Prize for Peace. ‘Hairpiece,’ he said — but that’s in the translation.”
— Jimmy Kimmel

On the Royal baby:

“The royal family just announced the name of William and Kate’s newborn son, Louis Arthur Charles. I guess they couldn’t decide on a royal-sounding name, so they just went with all of them.”
— Jimmy Fallon

For more Best of Late night from The New York Times, click here.