May 8, 2018

Trump reportedly told Macron he's pulling U.S. out of Iran deal

Dave Lawler, author of World

Macron visits Trump at the White House. Photo: Ricky Carioti/The Washington Post via Getty Images

President Trump told French President Emmanuel Macron this morning that he will be withdrawing the U.S. from the Iran nuclear deal, the NY Times' Mark Landler reports.

Why it matters: This is the closest we've come, ahead of Trump's 2pm announcement, to confirmation that he will violate the deal and throw it into peril by declining to waive sanctions on Iran. Per Landler, he's also planning to go one step further: "preparing to reinstate all sanctions waived as part of the nuclear accord — and impose additional economic penalties as well."

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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.