News 

Trump lawyers poised to take tax returns fight to Supreme Court

“The Supreme Court will face a more urgent decision in the D.C. Circuit case” reports politico.com. Several other suits about demands for Trump’s tax and financial records are also pending in various courts and could make their way to the justices in the coming months.Assuming Roberts refers the stay application to his colleagues, the votes of five justices would be needed to halt the D.C. Circuit decision, but just four justices can vote to grant review in either of the legal fights. Source: politico.com

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Why the legal issue at the heart of the DACA case matters

“If the Trump administration chooses to execute the heartless and irrational decision to rescind DACA, it should have to own it, politically and morally” writes Contributing Columnist for washingtonpost.com. Specifically, the administration’s sole initial rationale for rescinding DACA was that the program was “illegal and unconstitutional,” according to an opinion from then-Attorney General Jeff Sessions. It turns out that is the important legal principle the case really presents.The immediate, and arcane-sounding, legal argument is about whether the administration proceeded correctly. Source: washingtonpost.com

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Automakers expect Trump will delay decision on imposing EU, Japan auto tariffs

“Trump in May delayed a decision on tariffs by up to 180 days as he ordered U.S. Trade Representative Robert Lighthizer to pursue negotiations” writes Midwest Communications Inc for 95kqds.com. Lighthizer’s office recently asked many foreign automakers to provide a tally of investments they have made in the United States, several auto industry officials told Reuters.Although the agreement does not cover trade in autos, Abe said in September he had received reassurance from Trump that the United States would not impose auto tariffs on national security grounds.The anticipated delay —…

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‘Shameful’: Hillary Clinton slams UK’s decision to withhold report on Russian political influence

“The U.K. government’s decision to delay the publication of a report on alleged Russian interference in British politics has been slammed as “inexplicable and shameful” by former U.S. presidential candidate Hillary Clinton” writes Holly Ellyatt for cnbc.com. Mueller said the inquiry did not establish that the Trump campaign conspired or coordinated with the Russian government in its election interference campaign.”Not to our benefit, but to theirs,” she said, “there’s no doubt of the role that Russia played in our 2016 election and is continuing to play.”.  Source: cnbc.com

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Markets News 

What is the market pricing in ahead of the RBNZ decision tomorrow?

“In case you’re wondering what’s weighing on the kiwi dollar today, it is the fact that the market is pricing in higher odds of a 25 bps rate cut for tomorrow” reports forexlive.com. As such, the kiwi is the weakest performing major currency on the day with NZD/USD easing from 0.6360 levels to 0.6333 currently.Given such odds as per the above, a decision by the RBNZ to cut rates tomorrow may still precipitate some weakness in the kiwi but if they do not deliver, expect a significant reversal to the…

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Trump expected to delay auto tariff decision for 6 more months

“President Donald Trump is expected to announce this week that he is putting off a decision on whether to impose tariffs on European Union autos for another six months, a person familiar with the decision said” reports politico.com. But it would also set the stage for Trump to revisit the controversial trade issue in the throes of next year’s presidential campaign.That would avoid a new bruising dispute with one of the United States’ biggest trading partners, just as Trump is trying to put out another trade fire by striking an…

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GBP News 

Academics protest as Cambridge fellow told to leave Britain

“More than 250 academics have written to the Home Office in protest at its decision to deny a Cambridge research fellow leave to remain in the UK, preventing her from continuing to study and teach at the university” writes Amelia Gentleman for theguardian.com. The decision was based on the fact that Islam had spent too many days out of the UK during the period covered by her application. Source: theguardian.com

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Fury as decision on inquiry into Jennifer Arcuri affair shelved

“Sources close to the IOPC investigation said the watchdog was on the verge of announcing its decision on whether it was proceeding with a criminal investigation” reports theguardian.com. It has also emerged that London assembly members were told that the IOPC investigation would be “done and dusted” by the end of this month.Despite the postponement of the decision it is understood the investigation is ongoing, although it remains limited to a “scoping exercise”. Source: theguardian.com

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Leaked Sears document reveals how store managers broke news to workers about layoffs and closures

“An internal Sears document reveals how the company broke news to employees of an upcoming round of 96 store closures and layoffs” writes Hayley Peterson for businessinsider.com. When Transform Holdco bought Sears out of bankruptcy in February, the company had roughly 400 Sears and Kmart stores.The document contains a script for the managers to read to employees during a staff meeting.After the latest round of store closures is completed, the company will have 182 stores remaining in operation. Source: businessinsider.com

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‘Nobody on this planet is going to stop me’: Mark Levin defends decision to defy Fox News policy about campaign events

“The conservative radio host addressed the claims that he had violated a network policy on his show Wednesday” reports washingtonexaminer.com. Fox News host and conservative radio pundit Mark Levin defended his decision to headline a campaign event despite the network having a policy that prevents talent from participating in such events. Source: washingtonexaminer.com

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