Trump demands arrests in Los AngelesLate last night,
the president demanded that the National Guard move more forcefully against pro-immigration protestors in L.A. “Looking really bad in L.A. BRING IN THE TROOPS!!!,” he said on Truth Social. “ARREST THE PEOPLE IN FACE MASKS, NOW!” He also added, without evidence, “Paid Insurrectionists!”
California Gov. Gavin Newsom railed against Trump for sending troops“The federal government is moving to take over the California National Guard and deploy 2,000 soldiers. That move is purposefully inflammatory and will only escalate tensions,”
he said on Facebook. “This is the wrong mission and will erode public trust.”
LAPD imposes “unlawful assembly” order on downtown L.A.After a day of dozens of arrests as protestors closed highway 101 and burned several cars, the LAPD declared all of downtown L.A. an “unlawful assembly.” “You are to leave the Downtown Area immediately,”
officials said in an X post.
Lost Angeles Times live blog of the action
here. Photos from the NY Post
here.
The president’s phone addiction makes him vulnerable to scammers and hackersTrump’s habit of answering his personal phone,
even to unknown numbers, is a national security risk, Axios claims.
Trump says he has no desire to make up with Elon MuskThe president also
told NBC there would be “very serious consequences” if Musk began backing Democratic candidates.
WPP CEO Mark Read steps downHe had been with the company for more than 30 years.
Speculation about Read’s future began earlier this year when former BT boss Philip Jansen became chair of the group. The board will now begin a search for a successor.
How easy is it to wean off Chinese suppliers?Fortune recently
spoke with Michael Einhorn, the CEO of manufacturer Dealmed, who was all-in on Trump’s tariff agenda and decoupling with Chinese suppliers. Now, however, Einhorn says that “cutting out China is not an option.”
U.S.-China trade talks are happening
in London today.
Palantir CEO warns of “societal upheavals” due to AIPalantir CEO Alex Karp
warned last week that unless the tech industry works “very, very hard at it,” AI will cause “deep societal upheavals.” “Those of us in tech cannot have a tin ear to what this is going to mean for the average person,” he said.
Tesla’s humanoid robot chief exitsMilan Kovac, the man spearheading Tesla’s humanoid robot program,
announced on X last week that he is leaving the company. Kovac made it clear his decision is solely to spend more time with his family, but the departure is another hit to Elon Musk following his public feud with Trump.
Negative interest rates in Switzerland show deflation is still a thingThe Swiss National Bank is likely to
cut its base rate to zero at its next meeting on June 19. Two-year Swiss debt is already trading at -0.2% and consumer price inflation has gone negative. The culprit: the Swiss franc, which has strengthened against the euro recently. (China has deflation,
too.)
