European Shares' Gains Aren't a Mirage
So what to make of Europe and its outperformance against the US this year even as Trump threatens 30% tariffs against the bloc?
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Yahoo
15 minutes ago
- Yahoo
Epstein grand jury transcripts 'a distraction'
Grand jury transcripts in the prosecution of Jeffrey Epstein and his former girlfriend are unlikely to reveal much, if anything, that is not already known about the financier's crimes, former federal prosecutors say. Attorney Sarah Krissoff, an assistant US attorney in Manhattan from 2008 to 2021, called the request in the prosecutions of Epstein and imprisoned British socialite Ghislaine Maxwell "a distraction". "The president is trying to present himself as if he's doing something here and it really is nothing," Krissoff told The Associated Press. Deputy Attorney General Todd Blanche made the request on Friday, US time, asking judges to unseal transcripts from grand jury proceedings that resulted in indictments against Epstein and Maxwell. Blanche said "transparency to the American public is of the utmost importance to this administration". The request came as the administration sought to contain the firestorm that followed its announcement it would not be releasing additional files from the Epstein probe despite previously promising it would. US President Donald Trump faces increased scrutiny about his relationship with Epstein, the disgraced financier and sex offender who died by suicide in a New York jail cell in 2019. The Epstein case has generated conspiracy theories that became popular among Trump's base of supporters who believed the government was covering up Epstein's ties to the rich and powerful. Some of Trump's most loyal followers became furious after his administration reversed course on its promise to release files related to the Epstein investigation. Meanwhile, Trump is suing the Wall Street Journal and its owners, including Rupert Murdoch, after the newspaper reported that he in 2003 sent Epstein a birthday greeting that included a sexually suggestive drawing and a reference to secrets they shared. Epstein killed himself at age 66 in his federal jail cell in 2019, a month after his arrest on sex trafficking charges, while Maxwell, 63, is serving a 20-year prison sentence imposed after her 2021 sex trafficking conviction for luring girls to be sexually abused by Epstein. Krissoff and Joshua Naftalis, a Manhattan federal prosecutor for 11 years before entering private practice in 2023, said grand jury presentations are purposely brief. Naftalis said prosecutors present just enough to a grand jury to get an indictment but "it's not going to be everything the FBI and investigators have figured out about Maxwell and Epstein". "People want the entire file from however long. That's just not what this is," he said, estimating that the transcripts, at most, probably amount to a few hundred pages. "It's not going to be much," Krissoff said, estimating the length at as little as 60 pages, "because the Southern District of New York's practice is to put as little information as possible into the grand jury". "They basically spoon-feed the indictment to the grand jury. That's what we're going to see," she said. "I just think it's not going to be that interesting ... I don't think it's going to be anything new." Both ex-prosecutors said grand jury witnesses in Manhattan are usually federal agents summarising their witness interviews. Krissoff predicted that judges who presided over the Epstein and Maxwell cases will reject the government's request. "This is not a 50-, 60-, 80-year-old case," Krissoff noted. "There's still someone in custody." Cheryl Bader, a former federal prosecutor and Fordham Law School criminal law professor, said judges who presided over the Epstein and Maxwell cases may take weeks or months to rule. "Especially here where the case involved witnesses or victims of sexual abuse, many of which are underage, the judge is going to be very cautious about what the judge releases," she said. Mitchell Epner, a former federal prosecutor now in private practice, called Trump's comments and influence in the Epstein matter "unprecedented" and "extraordinarily unusual" because he is a sitting president.
Yahoo
15 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures tread water ahead of tech earnings as tariff deadline looms
US stock futures were flat in Sunday evening trading, as markets entered a critical week defined by megacap earnings and continued risk around President Trump's looming tariffs. S&P 500 (ES=F), Nasdaq 100 (NQ=F), and Dow Jones Industrial Average futures (YM=F) all hovered around the baseline, reflecting a cautious tone after last week's record-setting rally in growth names. The Nasdaq advanced 1.5% last week, while the S&P 500 added 0.6%. The Dow lagged, finishing slightly negative. Investor focus is dominated by two topics for the upcoming week: policy clarity on trade and earnings from tech heavyweights. On Sunday, Commerce Secretary Howard Lutnick reaffirmed the White House's Aug. 1 deadline for new tariffs, calling it a "hard stop" for compliance — before saying that he's looking at continued conversation beyond that date. Read more: The latest on Trump's tariffs Meanwhile, earnings season shifts into high gear with Alphabet (GOOG) and Tesla (TSLA) set to report Wednesday. These names are the first among the so-called "Magnificent Seven" to report this quarter. Strong results could validate stretched valuations as the market's focus on AI growth is beginning to attract comparisons to historic tech bubbles. Of the 59 S&P 500 companies that have already reported, 86% have beaten consensus, a historically strong beat rate, albeit off modest expectations. Read more: Full earnings coverage in our live blog On the macro front, the June Leading Economic Index is set for release Monday. The data will be closely watched for signs of deceleration or stabilization following a string of weak reads. Also on deck Monday: Earnings from Verizon Communications (VZ), Cleveland-Cliffs (CLF), and Domino's Pizza (DPZ). Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fox News
17 minutes ago
- Fox News
Ellen DeGeneres blames Trump for her US exodus
Ellen DeGeneres left the United States last year following Donald Trump's successful bid to return to the White House during the 2024 presidential election. DeGeneres, 67, and wife Portia de Rossi sold their Montecito estate in August and purchased a farmhouse in the U.K. The move was initially slated as a part-time adventure where the couple could enjoy a few months of the year across the pond, but the comedian made things more permanent after Trump won the November elections. "We got here the day before the election and woke up to lots of texts from our friends with crying emojis, and I was like, 'He got in'," she told broadcaster Richard Bacon during her first U.K. appearance since moving, per the BBC. "And we're like, 'We're staying here.'" She's remained relatively private about her new life in the English countryside, but keeps fans updated about farm living on social media. "It's absolutely beautiful," she said. "We're just not used to seeing this kind of beauty. The villages and the towns and the architecture – everything you see is charming and it's just a simpler way of life. It's clean. Everything here is just better – the way animals are treated, people are polite. I just love it here." The former talk show host added, "We moved here in November, which was not the ideal time, but I saw snow for the first time in my life. We love it here. Portia flew her horses here, and I have chickens, and we had sheep for about two weeks." DeGeneres recently threw her support toward fellow comedian, Rosie O'Donnell, who also fled the United States following Trump's election. One day after the president threatened to revoke O'Donnell's U.S. citizenship following her move to Ireland earlier this year, DeGeneres gave Rosie a public shout out. "Good for you," DeGeneres wrote atop a reposed image of Trump's threat and O'Donnell's lengthy response on Instagram. Trump referred to O'Donnell as a "threat to humanity," and wrote that Rosie's "best interests" were not for the United States. "I am giving serious consideration to taking away her Citizenship," Trump wrote in a post to his social media platform Truth Social. "She is a Threat to Humanity, and should remain in the wonderful Country of Ireland, if they want her. GOD BLESS AMERICA!" he added. O'Donnell quickly responded to Trump's jab in several posts that she shared on her social media pages. The "A League of Their Own" star posted a collage of photos centered around a screenshot of Trump's post on Instagram and blasted the politician in the caption. "The president of the USA has always hated the fact that i see him for who he is - a criminal con man sexual abusing liar out to harm our nation to serve himself," she wrote. "This is why i moved to Ireland - he is a dangerous old soulless man with dementia who lacks empathy compassion and basic humanity." Earlier this year, O'Donnell admitted she was "shocked" to hear why Ellen left the U.S. "I've never really known Ellen to say anything political in her life, so I was surprised to read that she left because of President Trump. Like, that shocked me, actually," O'Donnell told Us Weekly earlier this year. "I've been a political person my whole life, not better or worse, it's just a different way to be in the world. "I was very clear about the reason why I was leaving, and I don't think it came as a surprise to anyone. We're not really in each other's worlds, and it's been kind of awkward but you know what? I wish her the best. I wish that she has peace and love in her life and that she is OK." While their relationship isn't strong, O'Donnell insisted she harbors no ill will for the comedian. "I don't want to fight against another gay woman. It's not like we're tenaciously opposed to each other," O'Donnell said. "We're just very different people. We have had some stuff in the past that we never resolved. And not in any way as, as partners or lovers or anything like that, just as friends and comedians, but I wish her the best. I seriously do."
