Deputy AG Rosenstein To Be Grilled By Senate Today In Closed Door Session

After dropping a bombshell last night in the form of an announcement that Former FBI Director Mueller had been appointed as Special Counsel to look into alleged collusion between the Trump campaign and Russia, Deputy Attorney General Rod Rosenstein goes before the entire Senate today to take questions in a closed-door session. 

Macron Appoints Centre-Right Mayor Edouard Philippe As Prime Minister

One day after Emmanuel Macron was inaugurated as France's new president, he announced the appointment of a centre-right Republican Edouard Philippe, the 46-year-old mayor of the port city of Le Havre, as France’s new prime minister tasked with implementing Macron's economic reforms and to galvanize public support as France’s centrist president seeks to build a majority in parliament for his year-old party.

WSJ Defends Comey Ouster: "Comey Deserved Dismissal"

"President Trump fired James Comey late Tuesday, and better now than never. These columns opposed Mr. Comey’s nomination by Barack Obama, and the Federal Bureau of Investigation Director has committed more than enough mistakes in the last year to be dismissed for cause."

A Sobering Look At The Future Of Oil

"Whether the world decides to stay in or get out of the oil business; governments, regulators and opponents must learn to read an income statement and balance sheet before dispensing any further advice on how the petroleum industry conducts itself. "

Frontrunning: May 8

  • Macron victory reshapes European politics (Reuters)
  • Macron Vows to Heal France’s Divisions After Victory Over Le Pen (BBG)
  • Macron’s Style Choices – CEO or Chairman? (BBG)
  • Euro gives up gains as investors look to post-election France (Guardian)
  • China's April trade growth slows as commodities, electronics demand cools (Reuters)