Breaking News -- United States
Obama Calls Supreme Court Immigration Decision 'Heartbreaking'
by Alexander Mallin
President Barack Obama said today that the Supreme Court's "heartbreaking" decision to block his immigration executive action "takes us further from the country that we aspire to be."
“We've got a very real choice that America faces right now,” Obama said. “We're going to have to decide whether we're a people who accept the cruelty of ripping children from their parents' arms, or whether we actually value families and keep them together for the sake of all of our communities.”
The court's 4-4 deadlock lets stand a lower court's injunction against an Obama administration program that would have offered more than 4 million undocumented immigrants a chance to remain in the country without fear of deportation. The case now returns to the lower court in Texas that froze the action. It is unlikely that the program will go into effect.
Obama told reporters the decision meant that he had "pushed to the limits" his executive powers on the issue and that the future of immigration policy would be up to voters electing the next president.
Though for families worried about the risk of deportation in the wake of the decision, Obama downplayed the ruling, saying it wouldn’t change the “status quo” of his administration’s current stance on enforcement.
“What we don't do is to prioritize people who have been here a long time who are otherwise law-abiding, who have roots and connections in their communities,” Obama said. “And so -- those enforcement priorities will continue.”
He slammed Republicans in Congress for not implementing comprehensive immigration reform during his time in office, as well as for their decision not to consider his nominee to the Supreme Court, Judge Merrick Garland.
"They are allowing partisan politics to jeopardize something as fundamental as the impartiality and integrity of our judicial system," Obama said. "Americans should not let that stand."
He also used the decision to pivot to the 2016 presidential election, laying out the stark contrast between the immigration policies put forth by Hillary Clinton and Donald Trump.
"Pretending we can deport 11 million people or build a wall without spending tens of millions of dollars in taxpayer money is abetting what is really just factually incorrect," Obama said. "It's not going to work. It's not good for this country."
Trump celebrates Brexit vote: ‘When the pound goes down, more people are coming to Turnberry.’
by Jenna Johnson and Jose A. DelReal
TURNBERRY, Scotland — Donald Trump celebrated Britain’s stunning vote to leave the European Union on Friday during a visit to Scotland, saying that the people of the United Kingdom have “taken their country back," musing that it could benefit his Turnberry resort and arguing that running a nation is a lot like running a golf course.
“I think it’s a great thing that happened," Trump told reporters shortly after his helicopter landed at Trump Turnberry. “People are angry, all over the world. People, they’re angry.”
“When the pound goes down, more people are coming to Turnberry, frankly,” Trump added during an afternoon news conference. “For traveling and for other things, I think it very well could turn out to be a positive.”
He also suggested that running a golf course was comparable to running a nation: “You’ll be amazed how similar it is. It’s a place that has to be fixed.”
Trump's two-day visit here comes during a historic and tumultuous moment for Britain. Voters defied the political establishment Thursday by formally deciding to cut ties with the European Union. But in Scotland, a majority of voters backed staying in the E.U. — a stark disconnect that prompted Scottish First Minister Nicola Sturgeon to suggest a second referendum on Scotland's membership in the United Kingdom.
For a candidate who has struggled to prove that his grasp of foreign policy matches that of former secretary of state Hillary Clinton, the likely Democratic nominee, Trump could have used the moment to substantively address a momentous global event. Instead, he provided a widely broadcast infomercial for his newest luxury golf club, standing in front of a bagpiper and wearing a white “Make America Great Again” cap. Resort staffers were instructed to wear red caps reading, “Make Turnberry Great Again.”
As reporters pressed Trump on the referendum, it was not clear if Trump fully understood what had just happened. He declared the outcome “fantastic” and “great” because it reflects the anger of voters, and said that the plummeting value of the pound could positively benefit the country.
[Live updates: Britain votes to leave the European Union]
When asked if he was traveling with his foreign policy advisers or consulting them, Trump said that he had been in contact with them but "there's nothing to talk about."
In answering questions, Trump remained closely focused on the similarities between the referendum vote — called Brexit — and his own unexpected rise to becoming the likely Republican nominee.
“They’re angry over borders. They’re angry over people coming into the country and taking over. Nobody even knows who they are,” Trump said, echoing the populist pitch he has made in the United States. “They’re angry about many, many things. They took back control of their country. It’s a great thing.”
In addition to Turnberry, Trump is expected to also visit a golf resort he owns near Aberdeen on the eastern coast. Scotland is the birthplace of his mother, who immigrated to New York as a teenager.
[Trump’s top example of foreign experience: A Scottish golf course losing millions]
Trump briefly mentioned the Brexit vote at the beginning of his remarks before pivoting sharply to discussing the golf resort and the steps his family took to overhaul the grounds. Marking the formal opening of the refurbished development, Trump said it was in honor of his mother and his children; he later said he took time away from his presidential campaign to attend the opening in order to support his children, who took charge of the renovation.
“I think it’s going to be one of the great hotels of the world. It already was, but it was in somewhat dilapidated shape,” Trump said. “We have something that is very special.”
Reporters pressed Trump on the Brexit vote during a question-and-answer session after remarks by Trump and two of his children.
“I really do see a parallel between what’s happening in the United States and what’s happening here,” Trump told reporters. “You just have to embrace it; it’s the will of the people."
Trump has displayed little knowledge or interest in the E.U. referendum, even though he owns two golf resorts in Scotland that he has portrayed as teaching him about working with foreign nations. When asked a few weeks ago about the referendum by the Hollywood Reporter, Trump seemed to not understand the question.
"Huh?" Trump said in the interview, which was published on June 1.
"Brexit," reporter Michael Wolff repeated a second time.
"Hmm," Trump said.
"The Brits leaving the E.U.," Wolff prompted.
"Oh yeah, I think they should leave," Trump said.
The morning started quietly in the tiny village of Turnberry as dozens of reporters showed up at a muddy parking lot to be transported to Trump's resort about half a mile down the road. There was a cool wind off the Irish Sea, and the temperature hovered in the mid-50s.
Just ahead of Trump's arrival, guests and resort staff members wearing red caps lined up on the grand stairwell leading from the street to the resort on a hilltop perch. A handful of men wearing dark suits and ties stood watch at the resort's various driveways, but there was no heavy police presence as expected by locals — and is usually seen at Trump's political events in the United States. But unlike those rowdy rallies, this event featured two bagpipers.
Turnberry was built more than a century ago and purchased by Trump in 2014. The property has undergone extensive renovations and reopened June 1.
The journey is the latest example of the fuzzy, and sometimes invisible, line between Trump the presumptive GOP nominee and Trump the businessman — an arrangement that many ethics experts, including many fellow Republicans, view as inappropriate or worse. They say Trump should take formal steps to separate himself from his business and financial holdings, both domestic and foreign, as he seeks to enter the White House, just as Mitt Romney and other candidates have done.
Trump dismissed such criticism during the news conference.
At about 9:15 a.m., Trump's helicopter appeared in the cloudy Scottish sky. Down below were dozens of reporters and resort staff members. The white helicopter, with the word "Trump" written in bold red letters, landed on the grass in front of the crowd. The staff and resort guests burst into cheers as Trump stepped off the chopper and made his way inside, shouting out a few comments to reporters.
A handful of curious locals watched the spectacle, including one man with a pro-Trump sign who said that the millionaire has pumped money into the region.
About 20 minutes later, after everyone had gone inside to escape the cold, a bus filled with protesters from Glasgow pulled up. About 50 people disembarked and handed out pink and yellow signs reading: "No to racism. No to Trump." The group refused to stand inside a gated pen that police set up for them, instead insisting on lining the road in front of Turnberry. More than a dozen local police officers soon arrived, along with four on horseback. About 20 minutes later, two more buses pulled up, bringing the number of protesters to a couple hundred.
The protesters chanted a number of things, including "Trump go home!" and "Say it loud, say it clear, refugees are welcome here!" An organizer on a megaphone belted out: "Trump always plays the racist card at all times!"
While many of the protests of Trump’s political rallies in the United States have focused on his controversial comments on illegal immigrants from Mexico and Muslims, the protesters here called for compassion for refugees, who have been pouring into Europe from Syria and other war-torn countries.
Robbie Easton, 29, traveled on a bus to Turnberry from Glasgow so that he could challenge Trump’s "poisonous rhetoric."
"Scapegoating whole religions of people, scapegoating whole populations of people fleeing war zones and destitute people, families drowning in the Mediterranean and referring to these people as cockroaches?" said Easton, a student who voted Thursday for the U.K. to remain in the E.U. "I see this getting worse throughout the world... It's really quite frightening."
Just as Trump started to speak at the press conference, he was interrupted by a man with unruly hair wearing a Turnberry sweater who made an announcement. Comedian Simon Brodkin, who often plays a character he calls Lee Nelson, said he forgot to pass out a new series of golf balls to guests of the ribbon-cutting, throwing out red balls featuring a swastika design.
“Get him out,” Trump said as security surrounded Brodkin and led him away. Trump then proceeded with the press conference, still surrounded by the small red balls.
In addition to the protesters, there was also a handful of Trump supporters and curiosity-seekers who gathered to watch Trump’s helicopter land on the grassy lawn of his resort.
Mike Ross, 48, wore a T-shirt featuring Trump's face and this message: "Donald Trump, Making Ayrshire Great Again." He carried a sign with the same image and message. Ayrshire is a Scottish county.
"I like him. I like the way he's changing politics and the stuffy political correctness," Ross said of Trump. "He's breaking all of the protocols. The leave vote was part of that. People are fed up."
As he talked with a reporter, a protester walked by and shouted: "Are you a racist as well, man?"
Andre Zaisluik, a 65-year-old retiree who lives about three miles from Trump's resort, ventured down the road to see the wealthy businessman's much-hyped arrival. Zaisluik said he did roadwork for 50 years and cannot afford to golf at Turnberry, but said he appreciates all of the money Trump has put into renovating the resort.
"He has spent a lot of money here. He has done wonders," Zaisluik said.
Zaisluik said that on Thursday he voted for Britain to remain in the E.U. — like most Scots — and he was surprised by the outcome of the vote. "I don't know what the future's going to be. I haven't a clue. There's a lot of fear-mongering," he said.
Dow plunges over 600 points as U.K. 'earthquake' crushes global markets
by Jethro Mullen Ivana Kottasova and Patrick Gillespie
HONG KONG (CNNMoney) -- Investors around the world went into crisis mode as British voters chose to leave the European Union in a stunning decision with far-reaching implications.
U.S. stocks followed plunging global markets. The Dow ended the day down 611 points, or over 3.4%, while the S&P 500 lost 3.6%. The Nasdaq composite index dropped 4.12%, and into correction territory -- or down 10% from its recent high.
The selloff might have been exacerbated with the vote results coming on a Friday.
Investors are going into a weekend potholed with uncertainty, making them scramble to get their ducks in order before markets close. There's also the possibility that other EU countries, such as France, start pursuing referendum votes. And the dollar's appreciation against the euro and pound could cause China to devalue its currency, according to Jeff Kleintop, chief global investment strategist, at Charles Schwab.
More exits out of the EU could challenge its institutions, such as the European Central Bank, which has played a huge role in the continent's tepid recovery from the global financial crisis.
"You don't know what's going to happen over the weekend," says Kleintop. "Do we start to see a break down in Europe that would render the European Central Bank unable to conduct monetary policy?"
The British pound plummeted close to $1.33, its lowest level in more than 30 years, as the results of the referendum became clear. It's now down around 6% near $1.36. The euro also fell heavily.
Investors are already concerned about cash drying up in global financial markets.
"Britons delivered a bombshell to the markets," says Chris Gaffney, president at EverBank World Markets, a firm headquartered in Florida. "This is the biggest risk to markets right now -- a possible lack of liquidity like we got during the Lehman crisis."
In the final count, 51.9% voted to leave the union. Many investors had been betting on Brits choosing to stay. The surprise outcome caused immediate political shock waves, prompting Prime Minister David Cameron to announce his resignation.
Jean-Claude Trichet, a former president of the European Central Bank, called the vote "an earthquake."
Stocks got hammered amid the panicked mood. Shares in London got off to a brutal start before recovering some ground. The FTSE 100 ended the day 3.2% lower. A broad gauge of European blue-chip stocks index sank around 6.7%.
Bank stocks took a particularly heavy hit as multiple lenders across Europe nosedived more than 15%. Central banks in the U.S., U.K. and the eurozone said they were ready to provide support as needed.
After wild swings in Asian trading, Japan's Nikkei plummeted 7.9%. The Hang Seng in Hong Kong dropped 2.9%. U.S. stock futures are also sharply lower, with the Dow projected to tumble more than 500 points at the open.
"Everybody's obviously a little bit stunned," said Andrew Sullivan, managing director of sales trading at Haitong International Securities in Hong Kong. "Equally, I think there have been people who are looking to take advantage of the situation as and where they can."
Investors turned to safe haven assets like the Japanese yen, which soared against the dollar. Gold jumped over 4%.
"The markets have been betting on 'remain' in the past few days, and when the first results came in, that has reversed," said Vicky Pryce, an economist and former U.K. government official.
Pryce was watching the results come in at the London School of Economics, where the mood was very nervous.
Most of those attending -- and most expert economists -- wanted the U.K. to remain in the EU. They are worried "Brexit" could hurt the U.K. economy.
"I've just seen my salary vaporize," Luis Garicano, LSE professor of economics and strategy, said as the pound tumbled after the first results were announced.
It was an about turn for global stock markets. On Thursday, investors had been growing increasingly confident that the country would vote to remain a member of the 28-nation bloc. The pound made gains, and U.S. and European stocks rose.
Concerns over Britain potentially choosing to leave the EU have caused turmoil in international markets in recent weeks. The FTSE 100 seesawed violently and the pound was more volatile than even during the 2008-2009 financial crisis.
A record number of voters registered to vote in the referendum. Fierce campaigning has split the country down the middle, with opinion polls ahead of the vote too close to predict the result.
Migration and the the economy dominated the debate.
Campaigners for a British exit (Brexit) say the U.K. can only control immigration if it leaves the EU, which insists on free movement of people across the union. Campaigners for Britain to remain an EU member say walking out of the biggest free trade area in the world would do irreparable damage to the economy.
-- Felicia Wong, Ivan Watson, Sophia Yan and Judy Kwon contributed reporting.
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