Daily Rewind: Trump’s big trip
President Trump is embarking today on his first overseas trip following a week of White House crises. He’ll travel to Saudi Arabia, Israel, Italy and Belgium. This is what’s at stake:
- Trump’s first stop is Saudi Arabia, America’s biggest trading partner in the Middle East. The U.S. and Saudi Arabia exchanged $35 billion worth of goods in 2016.
- Trump will likely try to strike major deals with Saudi Arabia and other Gulf nations, according to an expert in U.S.-Saudi relations.
- The deals will aim to both provide business for American firms and create new investments for Saudi Arabia. The Gulf nation urgently needs those investments in order to squash its oil dependency by 2030.
- The eight-day trip has taken on new scrutiny from the White House following a week of serious political controversies. (For more on that, click here).
Other important business news:
Tom Brady is the new face of Aston Martin. The Patriots quarterback is teaming up with Aston Martin, the ultimate luxury car brand. As part of the partnership, Brady will get to design his own version of an Aston Martin. It’s a big departure from the car deals NFL players typically score. Brady is a longtime Aston Martin customer and currently drives the new 2017 DB11, which retails for about $215,000. Read more from CNNMoney’s Ahiza Garcia.
Fox News fires “The Five” co-host Bob Beckel. Fox News Channel said today that Beckel was let go because he made an “insensitive remark to an African American employee.” The political commentator has had a complicated relationship with the network for years. Fox News dropped him once before in 2015, saying, “The Five” couldn’t be “held hostage to one man’s personal issues.” His departure today comes as Fox struggles to confront several PR nightmares, including a racial discrimination lawsuit filed by current and former employees. Read more from CNN Media’s Oliver Darcy.
Want more important news? Check these stories out:
*Anthony Weiner pleads guilty in sexting case (NBC News)
*Brazil sinks deeper into political and economic chaos (Bloomberg)
*Deputy Attorney General defends Trump’s firing of Comey (HuffPost)
That’s all for today. Have a great weekend!
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