Apr 4, 2017

Eric Trump: "nepotism is kind of a factor of life"

Andrew Harnik / AP

Forbes sat down with Eric Trump, who called nepotism "kind of a factor of life" and spoke about the Trump siblings' relationship with their father, especially as it applies to their role in the family business.

  • "We might be here because of nepotism, but we're not still here because of nepotism. You know, if we didn't do a good job, if we weren't competent, believe me, we wouldn't be in this spot."
  • "He's a guy, no matter where it is, he expects people to perform. And if they're not performing, he kind of encourages them to go on their way. You know the one thing, Don, Ivanka and I never let him down really in any factor of life. And I think it's one of the reasons that we're as innately close as we are."
  • "I don't know if he could have done the presidential thing four years ago. Certainly eight years ago, he couldn't have. I think we probably would have been too big of question marks for him. I think in so many of the deals that we've done…hopefully we earned our stripes. And I think that's ultimately why we're in the seat we're in."

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Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.

Minneapolis will ban police chokeholds following George Floyd's death

A memorial for George Floyd at the site of his death in Minneapolis. Photo: Steel Brooks/Anadolu Agency via Getty Images

Minneapolis has agreed to ban the use of police chokeholds and will require nearby officers to act to stop them in the wake of George Floyd's death, AP reports.

Why it matters: The agreement between the city and the Minnesota Department of Human Rights, which has launched an investigation into Floyd's death while in police custody, will be enforceable in court.

Better-than-expected jobs report boosts stock market

Data: Yahoo Finance; Chart: Axios

The S&P 500 jumped nearly 3% on Friday after a stronger-than-expected May jobs report showed that an economic recovery could be underway.

The state of play: Stocks have rallied since the worst of the coronavirus sell-off ended in late March and looked past a spate of ugly economic reports — not to mention civil unrest.