In the last 10 minutes of trading on Friday, August 23, as the markets were roiling in the face of more bad trade news, someone bought 386,000 September e-minis. Three days later, Trump lied about getting a call from China to restart the trade talks, and the S&P 500 index shot up nearly 80 points. The potential profit on the trade was more than $1.5 billion.
Donald Trump has vetoed a trio of congressional resolutions aimed at blocking his administration from selling billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. The secretary of state, Mike Pompeo, last month cited threats from Iran as a reason to approve the $8.1bn arms sale to the two US allies in the Gulf.
When the Trump administration declared an emergency last month and fast-tracked the sale of more American arms to Saudi Arabia, it did more than anger members of Congress who opposed the sale on humanitarian grounds. It also raised concerns that the Saudis could gain access to technology that would let them produce their own versions of American precision-guided bombs — weapons they have used in strikes on civilians since they began fighting a war in Yemen four years ago.
The Trump administration has kept secret seven authorizations it has issued since November 2017 allowing U.S. nuclear energy companies to share sensitive technological information with Saudi Arabia, even though the kingdom has not yet agreed to anti-proliferation terms required to construct a pair of U.S.-designed civilian nuclear power plants.
ey members of the Trump administration pushed a plan to sell nuclear power plants to Saudi Arabia in the months after the inauguration despite objections from members of the National Security Council and other senior White House officials, according to a new report from congressional Democrats.
Jared Kushner reportedly told President Donald Trump to stand by Saudi Arabia’s Crown Prince Mohammed bin Salman — despite mounting evidence that the royal was involved in the murder of journalist Jamal Khashoggi two weeks ago. Kushner’s reasoning? International outrage over other incidents, like Saudi Arabia’s bombing of innocent children in Yemen and kidnapping of Lebanon’s prime minister, decreased with time.
The United States received a payment of $100 million from Saudi Arabia on Tuesday, the same day Secretary of State Mike Pompeo arrived in Riyadh to discuss the disappearance of journalist Jamal Khashoggi, a State Department official confirmed Wednesday amid global calls for answers in the case.