May 4, 2018

Trump eyeing troop reduction in South Korea ahead of summit

Photo: Saul Loeb/AFP/Getty Images.

The Pentagon has received orders from President Trump to look at options for reducing troop numbers in South Korea, the New York Times' Mark Landler reports.

Why it matters: This order comes weeks ahead of a planned summit between Trump and North Korean leader Kim Jong-un. It's not likely this will be a total withdrawal, per Landler, "but they acknowledged that a peace treaty between the two Koreas could diminish the need for the 23,500 soldiers currently stationed on the peninsula."

Quick take: Per the Times, "The directive has rattled officials at the Pentagon and other agencies, who worry that any reduction could weaken the American alliance with South Korea and raise fears in neighboring Japan at the very moment that the United States is embarking on a risky nuclear negotiation with the North."

Go deeper

43 mins ago - Sports

European soccer's push to return

A Bundesliga match between Borussia Dortmund and Bayern Munchen in an empty stadium. Photo: Alexandre Simoes/Borussia Dortmund via Getty Images

European soccer made a splash Thursday, with two of its biggest leagues announcing official return-to-play dates in June.

Why it matters: Soccer is the world's most popular sport, so watching its return through the lens of various leagues, countries and cultures — all of which have been uniquely impacted by the coronavirus pandemic — is illuminating.

The corporate bankruptcy wave has just gotten started

Illustration: Sarah Grillo/Axios

Even with trillions of dollars in loans, grants and government support — with markets having absorbed a record $1.22 trillion of corporate debt in just five months — a slew of companies are defaulting on their loans and filing for bankruptcy in what is expected to be a record wave of insolvencies and defaults.

Why it matters: While equity and debt markets have rallied thanks to massive interventions from the Federal Reserve and Congress and excitement about the removal of lockdown orders, the real economy is quietly buckling, with many companies threatened by issues that predate the coronavirus pandemic.

Updated 2 hours ago - Politics & Policy

CNN crew released after being arrested live on air while reporting on Minneapolis protests

CNN's Omar Jimenez and his crew were released after being arrested Friday by Minneapolis state police while reporting on the protests that followed the death of George Floyd, a black man who died in police custody in the city.

What happened: CNN anchors said Jimenez and his crew were arrested for not moving after being told to by police, though the live footage prior to their arrests clearly shows Jimenez talking calmly with police and offering to move wherever necessary.