Feb 18, 2018

Trump slams FBI, Dems: “They are laughing their asses off in Moscow”

The FBI failed to follow through on a tip about Florida school shooter Nikolas Cruz in January. It apologized last week for its failures, and Florida Gov. Rick Scott called on FBI Director Chris Wray to step down. In a tweet late Saturday night, President Trump tied that failure to the Russia probe:

In a follow-up tweet, Trump returned to the Russia collusion denials, saying his national security adviser H.R. McMaster failed to tell the whole story when he called the latest Russia probe indictments proof that meddling took place in 2016:

President Trump this morning:

And another one:

One more:

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.