Feb 20, 2019

The White House plan to exploit Andrew McCabe's new book

Photo: Chip Somodevilla/Getty Images

White House officials and sources close to President Trump are treating Andrew McCabe's book as an opportunity.

What's happening: These people plan to keep promoting bits from "The Threat," which has rocketed past Michelle Obama's "Becoming" to #1 on Amazon's best-sellers list, that support their "deep state" narrative. They also plan to argue that the rest of the former FBI deputy director's claims are a pack of lies.

The big picture ... The part they'll trumpet as true: McCabe's comments about discussions, at the highest rungs of the FBI, about removing Trump from office.

  • Trump and his allies view this as vindicating his narrative that there's a Deep State "coup" afoot.
  • That's why Trump — and surrogates like former Secret Service agent Dan Bongino — have been amplifying McCabe's revelation about internal conversations about the 25th Amendment, and deputy attorney general Rod Rosenstein volunteering to wear a wire.

Go deeper: McCabe says he told "Gang of 8" about FBI Trump probe without objection

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Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

Go deeperArrowUpdated 11 mins ago - Economy & Business

India gives Trump warm welcome as brutal protests rip New Delhi apart

People supporting India's new citizenship law beat a Muslim man in New Delhi, India. Photo: Danish Siddiqui/TPX/Reuters

While President Trump enjoys a hero's welcome in India, that nation's capital is being torn apart by violent protests between Hindus and Muslims.

The state of play: At least 186 people — 56 police officers and 130 protesters — have been injured and 10 killed in recent clashes, a New Delhi police spokesperson told the AP.

Go deeperArrow1 hour ago - World

Wall Street sees 2nd day of brutal sell-off

Photo: Johannes Eisele/AF via Getty Images

The stock market fell another 3% on Tuesday, following Monday’s sell-off. Bond yields touched record lows.

The big picture: Stocks continued to fall as the CDC said it expects the coronavirus to spread in the U.S. The Dow and S&P are more than 7% below the record highs seen earlier this month.

Go deeperArrowUpdated 2 hours ago - Economy & Business