Jul 18, 2018

Interior Secretary Zinke under investigation by internal watchdog

Ryan Zinke. Photo: Alex Wong/Getty Images

The Department of the Interior's internal watchdog opened a formal investigation into a real estate deal said to involve department secretary Ryan Zinke and other developers, including Halliburton Chairman David Lesar, reports Politico. The department has not yet responded to an Axios request for comment.

Why it matters: This is another scandal Zinke is being investigated for. In April, the department's watchdog revealed a $12,375 tax-payer funded charter flight he took in 2017 was avoidable, adding to the narrative of Trump's cabinet members having questionable spending habits.

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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+.

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.

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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.