Mar 2, 2018

Trump to Persian Gulf: No deal, no Camp David

President Trump met the King of Bahrain Hamad bin Isa Al Khalifa in Saudi Arabia last year. Photo: Bandar Algaloud / Saudi Royal Council / Handout / Anadolu Agency / Getty Images

President Trump, who wants to bring feuding Persian Gulf monarchies to Camp David for a spring summit, plans to tell them next week: No breakthrough in the Qatar crisis, no Camp David, AP's Josh Lederman writes:

The state of play: "A potential summit of the six-country Gulf Cooperation Council in May at the prestigious presidential retreat in Maryland's Catoctin Mountains will be scuttled unless Qatar and neighbors Saudi Arabia, the United Arab Emirates and Bahrain are on track to resolve the nearly year-long spat."

  • "Tim Lenderking, the top State Department official for the Persian Gulf, and retired Marine Corps. Gen. Anthony Zinni [are headed] to the region to meet with officials from the countries involved in the dispute."
  • The backstory: "There's ... concern that holding the summit while the crisis is still raging could lead to drama that would reflect poorly on Trump."

Go deeper

Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.