Trump repositions nuclear subs in regions near Russia
Now Russian president Vladmir Putin has spoken for the first time since that new ceasefire ultimatum was placed on the Kremlin.
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AU Financial Review
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Trump accuses JPMorgan, Bank of America of discrimination
Washington | US President Donald Trump accused JPMorgan Chase and Bank of America of discriminating against him and his supporters ahead of a possible crackdown on banks refusing some customers on political grounds. Trump, in an interview on CNBC on Tuesday (Wednesday AEST), said the country's largest bank, JPMorgan, refused to accept more than $US1 billion ($1.5 billion) in deposits from his family business after his first term.
AU Financial Review
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ASX set to rise, US stocks edge broadly lower
Australian shares are poised to edge higher. Shares were modestly lower in New York after data on the US services sector disappointed and oil fell after a report Russia is set to propose an air truce with Ukraine. Results expected on Wednesday include AMP, News Corp, REA Group and Pinnacle Investment Management Group. The Institute for Supply Management's index of services declined last month to 50.1, below all estimates in a Bloomberg survey of economists. The employment index contracted. The group's measure of prices paid for materials and services climbed to the highest since October 2022. 'Spending on services has already slowed significantly from its solid pace last year, and the clear deterioration in the labour market and drag on real incomes from tariffs suggest a marked recovery is unlikely,' Pantheon Macroeconomics said. 'Even so, we think stagnation in the coming months is far more likely than a collapse.' President Donald Trump said that Treasury secretary Scott Bessent had withdrawn his name from consideration as a successor to Jerome Powell as chairman of the Federal Reserve. Market highlights ASX futures are pointing up 16 points or 0.2 per cent to 8744. All US prices as near 2.30pm New York time. Today's agenda Results are expected on Wednesday from AMP, News Corp, REA Group, Pinnacle Investment Management Group, BWP Trust, Centuria Industrial Reit, Charter Hall Long WALE REIT and Emerald Resources NL. The data focus is overseas on Wednesday with NZ's second-quarter employment at 8.45am AEST. TD Securities: 'Monthly filled job data imply a negative employment growth print over the quarter at -0.1 per cent. We expect the participation rate to ease again to 70.7 per cent (prior: 70.8) which on net would push the unemployment modestly higher to 5.2 per cent and in line with the RBNZ's May forecast. 'We see the RBNZ cutting by 25bps in August to 3 per cent with most data outcomes coming in line with forecasts but surveys point to near term downside risks to growth.' Top stories Blow to Chalmers' hopes for summit unity as BHP clashes with PC over tax | The nation's biggest corporate taxpayer has pushed back against the Productivity Commission's cash-flow tax proposal, undermining the treasurer's push for unity at his roundtable. Nine's publishing to out-earn free-to-air television in two years | The newspapers division will be the most valuable part of the business after it sells Domain to US property giant CoStar, analysts say. | Automating tasks could deliver a 4.3 per cent increase in labour productivity growth, the Productivity Commission says, but it won't be easy for humans. | The rising cost of building transmission is prompting questions over whether a comprehensive grid build-out is the best energy transition option for consumers.
ABC News
an hour ago
- ABC News
Bill and Hillary Clinton among figures subpoenaed in US congressional Epstein probe
A committee in the United States House of Representatives has issued subpoenas seeking depositions from former US president Bill Clinton and former Secretary of State Hillary Clinton in relation to the Jeffrey Epstein sex trafficking investigation. The House Oversight Committee, which is controlled by Republicans, also issued subpoenas for Justice Department files and depositions from eight law enforcement officials in relation to the case. The requests were made as part of a congressional probe that some US politicians believe may show links between the deceased financier and current US President Donald Trump. The subpoenas were issued even while the US House of Representatives was on a month-long summer break, with interest in the Epstein files running high. Mr Trump has denied prior knowledge of Epstein's crimes and claimed he cut off their relationship long ago, and he has repeatedly tried to move past the Justice Department's decision not to release a full accounting of the investigation. The department also said Epstein had no secret "client list" — rebuffing conspiracy theories held by Mr Trump's far-right supporters about supposedly high-level Democratic complicity. But politicians from both major political parties, as well as many in the Republican president's political base, have refused to let it go. Representative James Comer, the Republican chairperson of the oversight committee, noted in letters to Attorney General Pam Bondi and the former officials that the cases of Epstein and his former girlfriend Ghislaine Maxwell "have received immense public interest and scrutiny." "While the Department undertakes efforts to uncover and publicly disclose additional information related to Mr. Epstein and Ms. Maxwell's cases, it is imperative that Congress conduct oversight of the federal government's enforcement of sex trafficking laws generally and specifically its handling of the investigation and prosecution of Mr. Epstein and Ms. Maxwell," Mr Comer said. Since Epstein's 2019 death in a New York jail cell as he awaited trial for sex trafficking charges, conservative conspiracists have stoked theories about what information investigators gathered on Epstein — and who else knew about his sexual abuse of teenage girls. Republican politicians on the House Oversight Committee nodded to that line of questioning last month by initiating the subpoenas for the Clintons, both Democrats, as well as demanding all communications between President Joe Biden's Democratic administration and the Justice Department regarding Epstein. Former president Mr Clinton was among a number of luminaries acquainted with Epstein, a wealthy financier, before the criminal investigation against him in Florida became public two decades ago. Mr Clinton has never been accused of wrongdoing by any of the women who say Epstein abused them. One of Epstein's victims, Virginia Giuffre, once gave a newspaper interview in which she described riding in a helicopter with Mr Clinton and flirting with Mr Trump, but she later said in a deposition that those things had not actually happened and were mistakes by the reporter. Mr Clinton has previously said through a spokesperson that while he travelled on Epstein's jet he never visited his homes and had no knowledge of his crimes. The committee is also demanding interviews under oath from former attorneys general spanning the last four presidential administrations: Merrick Garland, William Barr, Jeff Sessions, Loretta Lynch, Eric Holder and Alberto Gonzales. The committee also subpoenaed former FBI Directors James Comey and Robert Mueller. However, it was Democrats who sparked the move to subpoena the Justice Department for its files on Epstein. They were joined by some Republicans last month to successfully initiate the subpoena through a subcommittee of the House Oversight Committee. "Today was an important step forward in our fight for transparency regarding the Epstein files and our dedication to seeking justice for the victims," said Democratic politicians Robert Garcia and Summer Lee said in a joint statement. "Now, we must continue putting pressure on the Department of Justice until we actually receive every document." The subpoenas give the Justice Department until August 19 to hand over the requested records, though such requests are typically open to negotiation and can be resisted by the Trump administration. The committee is also asking the former officials to appear for the depositions throughout August, September and October, concluding with Hillary Clinton on October 9 and Bill Clinton on October 14. AP
