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Trump calls UK ambassador 'stupid' as PM May tries to stem feud
HONG KONG (BLOOMBERG) - US President Donald Trump called the UK ambassador to Washington a "stupid guy," even as the British government tried to prevent the row with the US president over leaked diplomatic memos from escalating.
Theresa May warns UK businesses to weigh risks of Trump's Huawei ban
OSAKA (BLOOMBERG) - Prime Minister Theresa May has warned British mobile operators to weigh up the impact of US President Donald Trump's crackdown on Huawei Technologies Co, amid concern that the UK telecom industry could be vulnerable to any escalation in the US-China trade war.
What We're Watching & What We're Ignoring
WHAT WE'RE WATCHING
Billionaire kingmakers in US politics – The man who brought the world the venti caramel Frappuccino shook up US politics over the weekend, telling 60 Minutes that he's "seriously considering" running for president as a "centrist independent." Former Starbucks boss Howard Schultz, estimated to be worth $3 billion, certainly has the cash to mount a credible outsider challenge. But Democrats and former New York Mayor Michael Bloomberg, another independent-minded billionaire who has toyed with a presidential bid, warned the move could split opposition to Donald Trump, helping the incumbent president win another term. Trump himself questioned whether Schultz had "the guts" to enter the race. We're watching this closely, because a well-funded independent run would add an extra shot of crazy to the 2020 contest.
The concerns of America's intelligence chiefs – The leaders of America's major intelligence agencies presented their annual threat assessment to the Senate yesterday. The report highlighted the fracturing of America's global alliances and growing strategic alignment between China and Russia as two major threats. On other issues, like North Korea and Iran, the intelligence community and Trump administration are decidedly out of step. Trump has been at odds with the experts before, but this year he'll also be facing an emboldened Democratic majority in the House, making it harder to downplay the disconnect.
WHAT WE'RE IGNORING
Theresa May's latest Brexit "victory" – Yesterday, the UK's embattled prime minister scored a pyrrhic victory with the defeat of a bill that would have forced her to delay Brexit unless a "no deal" scenario, in which ties with the EU are abruptly severed, is categorically ruled out. Parliament also passed an amendment calling on May to modify a section of the current deal that temporarily maintains the free flow of goods and people along the North Irish border, spurring hopes that there might actually be a Brexit agreement that can gain the support of Parliament. But here's the problem: the EU has made clear for months it isn't willing to budge on the issue. This "victory" smells more like a prelude to defeat.
Cambodia's record-breaking propaganda – Cambodian Prime Minister Hun Sen is taking a novel approach to exciting the country's youthful population about his aged, authoritarian government: calling in the Guinness Book of World Records. Since 2015, the strongman ruler and his 36-year-old son, Hun Many, have engineered a string of record-breaking stunts, including the world's biggest sticky rice cake (8,900 pounds), longest scarf (3,772 feet), our personal favorite, a 2,015 person Madison line dance, and most recently, in November, the world's longest dragon boat (286 feet). We're ignoring these obvious marketing ploys, and watching this video about a record-breaking cat that's longer than a baseball bat instead.
Brexit's Irish Problem
The UK is racing towards a Brexit breakup with no clear border agreements in place. On GZERO World, we take a look at the problems Brexit tightened borders mean for trade between the UK and The Republic of Ireland.
Watch the full episode.
Brexit: How did this mess happen?
Brexit: Should I Stay Or Should I Go? Ian takes a look at the Brexit mess and what caused it.
You Brexit, You Buy It
How will the UK (and Europe) get out of the Brexit mess that they're in? Ian breaks it down and then talks with the International Rescue Committee's CEO David Miliband, who also happened to be UK Foreign Secretary for a time. They'll talk Brexit and the geopolitics of humanitarian crises around the world. And of course, we've got Puppet Regime. #brexit #article50 #FBPE
Is Europe Falling Apart?
European nationalism and populism are pulling the EU apart. Should we be concerned in 2019?
Brexit: Holiday Cheer and Political Betrayal
Facing almost certain defeat for the Brexit deal she spent over two years negotiating, British Prime Minister Theresa May now faces an even more immediate challenge: rebellion from within. Ms. May will face a motion of no confidence tonight after 48 members of her Tory party opted to contest her leadership.
Pro-Brexit members of her Tory party have been trying to gather support to topple May for almost a month, but revolt gathered steam after she failed to even bring a vote on her exit deal earlier this week.
To survive as prime minister, May needs to secure a majority of votes (158 out of 315 MPs) from within her party. Balloting will take place in secret–heightening speculation that those too tepid to come out against her in public will willingly do so under the cloak of anonymity. If May loses, a leadership election will play out over the coming weeks to replace her as prime minister. If she wins, party rules say she can't be challenged for another year.
The attempt to oust May is the final shot for the rebellious wing of the Tory party which favors a deeper split from the EU. If only because of its desperation, it may be doomed to fail. But even if May survives she'll do so weakened and without a clear path toward delivering on Brexit.
A holiday kicker: The vote of no confidence is scheduled to take place just hours after the Tory party's yearly Christmas party. Come for the holiday cheer, stay for the political betrayal.