Trump Cancels North Korea Summit
By CNBC. President Donald Trump canceled his historic nuclear summit with Kim Jong Un on Thursday, accusing North Korea of “tremendous anger and open hostility.”
The meeting, which would have marked the first face-to-face encounter between a sitting U.S. president and a North Korean leader, was set for June 12 in Singapore.
“Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting,” Trump wrote in a letter to Kim, which was released Thursday morning. The president dictated every word of the letter himself, a senior White House official told reporters.
The senior White House official also said that North Korea had suspended direct communication with the U.S. over the past week. (Read more from “Trump Cancels North Korea Summit” HERE)
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Stocks Close Lower After President Trump Cancels North Korea Summit
By CNBC. U.S. stocks closed lower Thursday after President Donald Trump announced that the hotly anticipated summit next month with North Korea was cancelled.
The meeting would have been the first face-to-face encounter between a sitting U.S. president and a North Korean leader.
“Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting,” Trump wrote in the letter.
The Dow Jones industrial average fell 75.05 points to finish at 24,811.76 by the closing bell, well off a 280-point drop following news of the cancelled summit in Singapore. The S&P 500 shed 0.2 percent to close at 2,727.76 thanks to a 1.6 percent fall in energy stocks and a slip in oil prices.
The Nasdaq composite finished largely unchanged as losses in Facebook and Intel offset gains in Netflix and Adobe. (Read more from “Stocks Close Lower After President Trump Cancels North Korea Summit” HERE)
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