| By Derek Caney (@stax920)
Donald Trump brought his dealmaking acumen to Britain, saying he was unlikely to have a good relationship with David Cameron, because the British prime minister called him "divisive, stupid and wrong." The new leader of the Republican Party also called London's newly elected mayor Sadiq Khan "ignorant" about Islam. Khan is London's first Muslim mayor. And Trump wants to ban Muslims from entering the United States. Quote of the day "The world is blowing up and it's not people from Sweden that's doing the damage, okay?" – Donald Trump
Supply disruptions in Nigeria, Venezuela and the United States have absorbed the oversupply in the oil market, according to Goldman Sachs. "The market likely shifted into deficit in May ... driven by both sustained strong demand as well as sharply declining production," the bank said. Oil prices rallied 1.8 percent to $47 a barrel. Digits of the day: 81 percent That's how much the oil price has jumped since hitting a 13-year low in February.
The 787 Dreamliner has been anything but a dream for Boeing. At one point in 2013 the whole worldwide fleet was grounded because of batteries that smoked and burned. Now Boeing needs to sell dozens of the new high-tech planes to help recover the $30 billion it spent on production. And it needs to do it during an industry-wide slump.
Around Wall Street - Beijing is counting on the private sector to invest more in the economy as the government tries shift away from state-run heavy industry to more entrepreneurial services-led growth. Unfortunately, just when China needs the private sector to step up, they seem to be stepping back.
- Google faces a record $3.4 billion antitrust fine from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union accused Google of promoting its shopping service in Internet searches at the expense of rivals in a case that has dragged on since late 2010.
- Vietnam's Tien Phong Bank foiled an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart the $81 billion theft from the Bangladesh central bank in February.
Around the world 
A girl takes a selfie with statues depicting late Chinese Communist Party Chairman Mao Zedong (L) and former general Zhu De during the War of Resistance against Japan, at Jianchuan Museum Cluster in Anren, Sichuan Province, China, May 13, 2016. REUTERS/Kim Kyung-Hoon
- Today marks the 50th anniversary of the start of China's Cultural Revolution, the decade-long campaign by Communist leader Mao Zedong to purge his rivals and remake China in his image. You can expect to see little coverage of the event on Chinese media. But there's a small museum tucked away in southwestern China's Sichuan province devoted to relics of the political movement that tore China apart and led the deaths of hundreds of thousands.
- Dominican Republic President Danilo Medina is on his way to reelection by landslide. On Medina's watch, the Dominican economy was the fastest growing in Latin America over the last two years. His challenger, businessman Luis Abinader, accused Medina of corruption connected to Brazil's suspended President Dilma Rousseff.
- The Nigerian army arrested members of a militant group that claimed responsibility for a wave of attacks on oil pipelines in the Delta region. The detainees were thought to be part of the Niger Delta Avengers, it said, a movement blamed for assaults on oil infrastructure that have slashed Nigeria's production.
Around the country - Chicago Mayor Rahm Emanuel plans to scrap a police review board and replace it with a more independent and better-funded watchdog to investigate police shootings and other misconduct cases. His plans come after the city released a video of a white officer killing a black teenager in October 2014. It took the city months to agree to release the video.
- The federal corruption trial of Philadelphia congressman Chaka Fattah is slated to begin today. He is accused of accepting a $1 million loan for his unsuccessful mayoral campaign in 2007. Then he allegedly misappropriated charitable and taxpayer funds to pay it back. He lost his Democratic primary this year.
- John Cisna is a former science teacher who wrote a book called, "My McDonald's Diet: How I lost 37 pounds in 90 days and became a viral media sensation." It turns out he is also McDonald's "brand ambassador" and he's been visiting schools preaching the virtues of eating french fries nearly every day. It also turns out that teachers, parents and public health advocates think that eating french fries everyday isn't so healthy for children. McDonald's has decided to limit Cisna's speaking engagements to "internal and local community events."
Today's reason to live Gang Of Four – At Home, He's A Tourist |
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