Trump claims London embassy is a 'bad deal'

Far-right group built gallows tried to arrest London mayor over criticism of Trump

Khan noted Trump's cancellation "reinforces what a mistake it was for Theresa May to rush and extend an invitation of a state visit in the first place".

It does not mean plans for the US President's state visit to the United Kingdom are off entirely, with a Downing Street spokesman telling the newspaper: "An invitation for a state visit has been extended and accepted".

An invitation from May for Trump to visit Queen Elizabeth II has encountered growing opposition, fuelled in part by the president's Twitter criticism of London Mayor Sadiq Khan and his retweets of propaganda from a far-right British anti-Muslim group. USA officials surveyed more than 50 sites before zeroing in on the site in Vauxhall, which is south of the river Thames, for the new embassy.

In his tweet Mr Trump said: "Reason I cancelled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for "peanuts", only to build a new one in an off location for 1.2 billion dollars".

Yet on Friday the USA embassy in London joined British officials in rebutting his claims. "Bad deal. Wanted me to cut the ribbon - NO!"

As an American living in London, however, I was embarrassed: not, for once, because of the behaviour of my president, but for my British hosts. State Department spokesperson Frankie Sturm said officials considered more than 50 sites in the area, with a team of professionals scrutinising locations to meet more than 170 criteria, including some security requirements codified in law.

In Washington, White House spokeswoman Sarah Huckabee Sanders said Trump's comment was exclusively about an embassy-related visit.

The Good, The Bad and the Ugly at CES 2018
By the time, power returned at about 1 p.m., the crowds jamming the building's periphery exploded in applause. Power went out for about two hours at the annual CES tech show in Las Vegas .

Confidence in Signet Jewelers (NYSE:SIG) Shares by RBC Capital Fall
Applied Optoelectronics, Inc. (NASDAQ:AAOI) closed up +0.63 points or 1.78% at $35.94 with 0.87 mln shares exchanging hands. Raymond James Assocs owns 65,148 shares. 2 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

(NYSE:TSM) Stock Price
It turned negative, as 53 investors sold FB shares while 618 reduced holdings. 104 funds opened positions while 328 raised stakes. TSM now trades at a forward P/E of 17.79, a P/B of 4.43, and a P/S of 6.59 while CPST trades at a P/B of 1.92, and a P/S of 0.45.

In the meantime, the relationship between May and Trump has come under strain.

His decision not to come was welcomed by critics outraged by the U.S. travel ban on Muslim-majority countries, and more recently, Trump's decision to re-tweet anti-Muslim videos posted by a British far-right organisation.

Donald Trump can't make it to London so Madame Tussaud's museum has set up a waxwork Trump outside the United States embassy in Battersea.

On the embassy web page about the project, it said: "The project has been funded entirely by the proceeds of the sale of other US Government properties in London, not through appropriated funds".

"His visit. would without doubt have been met by mass peaceful protests", Khan said.

But Johnson accused Khan and Labour leader Jeremy Corbyn of damaging US-UK relations with their vocal criticism. "We will not allow US-UK relations to be endangered by some puffed-up, pompous popinjay in City Hall".

Related:

  • NBC apologizes for tweet endorsing Oprah Winfrey for president

    NBC apologizes for tweet endorsing Oprah Winfrey for president

    Picking the right moment as the applause died down, she added with flair, "Their time is up", bringing the crowd to a new ovation. All through the ceremony, Hollywood's ladies didn't mince their words when it came to addressing the industry's inherent sexism.
    Twins agree to terms with free-agent reliever Addison Reed

    Twins agree to terms with free-agent reliever Addison Reed

    The terms of the deal, which is still pending a physical, are 2 years and slightly less than $17 million, according to Rosenthal. The AL average a year ago was 1.31, but not surprisingly, relievers were quite a bit lower (1.17) than starters (1.4).

    Amazon.com (AMZN) Upgraded at BidaskClub

    On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Saturna Capital CORP boosted its holdings in shares of Amazon.com by 0.6% during the 1st quarter. (NASDAQ:AMZN) for 378 shares.
  • JJ Redick 'not entirely convinced' dinosaurs existed on Earth

    JJ Redick 'not entirely convinced' dinosaurs existed on Earth

    Irving agreed with Redick, probably nodding in a very much woke manner that'd make Neil deGrasse Tyson's head explode. No matter what Kyrie Irving and B.o.B might try to tell you, the Earth is not flat.

    (NYSE:XOM) Position Raised by Calamos Advisors LLC

    The fund owned 99,931 shares of the oil and gas company's stock after acquiring an additional 5,276 shares during the quarter. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.89 by $0.04.

    Wynn Resorts, Limited (WYNN) Shares Bought by Nomura Asset Management Co. Ltd.

    Taking a look at insider trading at Wynn Resorts, Limited (NASDAQ:WYNN) can give useful insight into how the stock is performing. The investor is now holding $5.12 million shares due in part to a decrease of 1.61 million new shares in their portfolio.
  • Hewlett Packard Enterprise Co (NYSE:HPE) Sees Significant Decrease in Short Interest

    Also, it has an estimated price-earnings (P/E) multiple of 11.76 and a trailing 12-month price-earnings (P/E) multiple of 60.28. Following the transaction, the senior vice president now directly owns 20,015 shares in the company, valued at $475,956.70.
    Stokes, Gayle, Root among top foreign stars in IPL auction

    Stokes, Gayle, Root among top foreign stars in IPL auction

    Among Australian cricketers, Mitchell Starc and Pat Cummins top the list, being the most feared pacers in global cricket. Hashim Amla, Kagiso Rabada, Faf du Plessis and Morne Morkel are the few South Africans who are also part of the list.
    Facebook Inc (NASDAQ:FB) Stock Price While Sentiment Improves

    Facebook Inc (NASDAQ:FB) Stock Price While Sentiment Improves

    Facebook (NASDAQ:FB) last posted its quarterly earnings data on Wednesday, November 1st. (NASDAQ:FB) or 16,000 shares. Institute For Wealth Management Llc acquired 28,273 shares as Facebook Inc (FB)'s stock rose 10.88%.
  • Aurora Investment Counsel Takes $2.30 Million Position in Tractor Supply (NASDAQ:TSCO)

    The average Wall Street analyst rating for Tractor Supply Company is Hold, according to the average of 16 analyst scores. California State Teachers Retirement Systems invested 0.03% of its portfolio in Tractor Supply Company (NASDAQ:TSCO).

    Hawaiians sent terrifying, false warning of inbound ballistic missile

    Travel and tourism in Hawaii are learning how a technical error may be able to put tourism safety on the line. Officials quickly confirmed afterward that the alert was a false alarm and had been sent out by mistake.
    How Have Institutional Investors Been Trading Kansas City Southern (KSU)?

    How Have Institutional Investors Been Trading Kansas City Southern (KSU)?

    The company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.17 by $0.05. The stock of Kansas City Southern (NYSE:KSU) earned "Equal-Weight" rating by Morgan Stanley on Monday, October 23.

Comments

Latest news

Everything is possible - Conte calm over Chelsea future
Probably this weekend he is going to defend Arsenal colours so I don't think it's correct to say things about Alexis Sanchez. Being a manager of one of the top clubs in the world comes with an inevitable time limit, no matter how well you're doing.

Why to Keeping Eye on DDR Corp. (DDR), PPL Corporation (PPL)?
Finally, Valeo Financial Advisors LLC purchased a new position in shares of PPL in the third quarter worth about $251,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of PPL by 0.8% during the third quarter.

NFL to 'look into' whether Raiders violated Rooney Rule
The Oakland Raiders have added Tom Cable to their coaching staff, according to Ian Rapoport of NFL Network . The Rooney Rule requires teams to interview at least one minority candidate as part of an open process.

EMLS: Competitive gaming comes to MLS
The Portland Timbers will be among 19 MLS teams competing in Major League Soccer's new eMLS competition. The league, named eMLS, will be tied to the upcoming EA Sports FIFA 18 Global Series Playoffs.

The Most Eye-Catching TVs at CES 2018
Though a commercial model has not been announced yet, the rollable OLED is being demoed now at CES 2018 in Las Vegas. Both companies demonstrated using voice commands to find a movie, switch to a console and Gaming Mode.

Rep. John Lewis Says Racism is in Trump's 'Makeup'
Lewis, who did not attend Trump's inauguration or the first inauguration of former President George W. Waters is the third Democrat so far to announce a boycott of the Jan 30. event, with Rep.

Heartbreak as resilient De Minaur falls in Sydney International final
It's been a thrill, and I just want it to keep on going. "Especially to play on your home court, it meant a lot for me to get that win".

Berkshire Hathaway Inc. (NYSE: BRK-B) - Important Technical Indicators to Consider
Abel will serve as vice chairman of non-insurance business, while Jain will serve as vice chair of insurance operations. Another man mentioned by some as a possible Buffett successor is Matt Rose, 57, of BNSF Railway.

Barclays Boosts Continental Resources (CLR) Price Target to $58.00
Schwab Charles Investment Management Inc. grew its stake in shares of Continental Resources by 11.2% during the second quarter. It has underperformed by 12.65% the S&P500.The move comes after 5 months negative chart setup for the $21.55 billion company.

ZIOPHARM Oncology (ZIOP) Upgraded to Sell at BidaskClub
In the previous year there have been a total of 31 insider trades, including 10 open market buys and 21 sells. It also upped Schwab Charles Corp New (Put) (NYSE:SCHW) stake by 60,000 shares and now owns 192,000 shares.

Financial sector is priority for United Kingdom in Brexit negotiations
Excluding the "pivotal" area of financial services from a Brexit deal could spark a global crash, Philip Hammond and David Davis are warning.

Trump Administration Says US Will Stay In Iran Nuclear Deal For Now
This would not entail negotiations with Iran but would be the result of talks with European allies, the official said. These and other sanctions also continue to divert investors from sinking money into Iran's vulnerable economy.

Laboratory Corp. of America Holdings (LH) Position Cut by Pacer Advisors Inc
Barclays Capital maintained Laboratory Corporation of America Holdings (NYSE:LH) on Thursday, October 26 with "Overweight" rating. Janney Mgmt Ltd accumulated 89,930 shares. 11,333 were accumulated by Meiji Yasuda Asset Management Company Limited.

Equities Analysts Offer Predictions for Valley National Bancorp's FY2019 Earnings (VLY)
The Company's segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. This company shares are 2.19% off its target price of $1280.16 and the current market capitalization stands at $594.04B.

Mahathir not allowed to visit Anwar by prison authorities
There was a worry from the prison itself, if we allowed them to meet, it might have been controversial. What is there to be afraid of in me visiting Anwar?

Other news