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Politics Businesses can't sever ties with Trump fast enough

07:55  14 january  2021
07:55  14 january  2021 Source:   cnn.com

FBI looking for man in Senate with zip ties, tactical gear; experts call him a rioter 'hunting for people'

  FBI looking for man in Senate with zip ties, tactical gear; experts call him a rioter 'hunting for people' Holding zip-tie handcuffs, a man in paramilitary gear who moved through the Senate Chamber during the Capitol riot alarms counter-terrorism experts.The man was not with security, who'd recently evacuated U.S. Senators and Vice President Mike Pence from the floor below. Experts say he was among the rioters who disrupted U.S. Congress's certification of Trump's election loss with violence, resulting in five fatalities to date.

Eric Trump blamed businesses that cut ties with the Trump Organization after the attacks on Capitol Hill last week on “cancel culture.” “We live in the age of cancel culture, but this isn’ t something that started this week. It is something that they have been doing to us and others for years,” Trump told

The author of a new report that alleges Donald Trump 's businesses overseas have conflicts with America's interests said Wednesday that the Republican presidential nominee "makes money by aiding the people whose interests don' t coincide with America's.".

Editor's Note: A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here.

Donald Trump wearing a suit and tie: President Donald Trump speaks in the Diplomatic Room of the White House on Thanksgiving on November 26, 2020 in Washington, DC. Trump had earlier made the traditional call to members of the military stationed abroad through video teleconference. © Erin Schaff/Pool/Getty Images President Donald Trump speaks in the Diplomatic Room of the White House on Thanksgiving on November 26, 2020 in Washington, DC. Trump had earlier made the traditional call to members of the military stationed abroad through video teleconference.

In today's business news: The Trump business backlash continues, there's a Keurig for ice cream and Las Vegas can't catch a break. Let's get into it.

TRUMP BACKLASH

What a week. In just seven days, the Trump brand has gone from divisive to radioactive. Businesses can't sever ties fast enough and mainstream platforms have silenced the president's accounts. And today, Trump became the only president in American history to be impeached twice.

Fact check: Video shows Trump family in tent before Jan. 6 rally

  Fact check: Video shows Trump family in tent before Jan. 6 rally A video of the Trump family in a tent was taken prior to the president's Jan. 6 speech, not during the Capitol riot, as claimed by social media posts.The viral video, taken by Donald Trump Jr., according to CNBC, has been posted to Facebook by the page Fire Trump 2020 alongside the claim that the Trump family was allegedly "enjoying" the assault on the Capitol while it took place.

And a criminal act has been committed.”The Trump Organization manages the Central Park Carousel, the Wollman and Lasker skating rinks, and the Ferry Point Golf Course.“New York City doesn’ t do business with insurrectionists,” de Blasio tweeted. Credit: Mayor Bill de Blasio via Storyful.

Two Trump -favoured banks are severing ties with the president after his supporters stormed the Capitol on January 6, Bloomberg reported Monday. Deutsche Bank will no longer do business with Trump and his company, a person familiar with the matter told Bloomberg.

Here are the latest developments on the business fallout:

NEW YORK

Officials in New York City announced plans to end the Trump Organization's contracts to operate the Trump Golf Links at Ferry Point, the Central Park Carousel and the Wollman and Lasker ice skating rinks.

"The attacks on our Capitol killed a police officer, left four rioters dead, exposed lawmakers to Covid-19 and threatened the constitutional transfer of power," the city said. "They were a national abomination. We're reviewing whether legal grounds exist in light of these new circumstances to terminate concessions with the Trump Organization."

AIRBNB

In a major escalation of its security efforts, Airbnb is canceling all short-term reservations in the Washington, DC, area next week for Joe Biden's inauguration.

Deutsche Bank to sever ties with President Trump and his organization

  Deutsche Bank to sever ties with President Trump and his organization Two of the banks Donald Trump does business with are pulling away from him. Deutsche Bank AG will not do any further business with Trump or his company. Trump still owes $340 million in loans.But the bank will still be forced to deal with the Trump family and their employee for some time to come with outstanding loans of more than $300 million yet to be repaid.

Chicago-headquartered Seyfarth Shaw cut ties with Trump Org on Wednesday. They are the latest to drop contracts with Trump 's business after A top law firm and property services company have become the latest companies to sever ties with the Trump Organization following the January 6 riot

Enough eventually became Enough – Donald Trump ’s Ohio campaign manager on Saturday renounced its relationship with Borges: COLUMBUS, Ohio Paduchik writes that he spoke with Trump about Borges on Thursday, when Trump made a pair of Ohio campaign stops, and describes

The company said the shift was informed by feedback from its hosts as well as government officials. Airbnb did not say if it would implement any restrictions in state capitals, where the FBI has warned armed protests are being planned.

YOUTUBE

Google-owned YouTube suspended Trump's channel for at least one week, and potentially longer. YouTube had been a holdout — it was the last major social platform to take action against the president in the wake of the Capitol siege. Twitter has banned Trump permanently, and Facebook and Instagram have suspended him indefinitely.

KEN LANGONE


Video: Twitter permanently suspends Donald Trump from platform (CNN)

The billionaire GOP donor and Home Depot co-founder said he feels betrayed by the Republicans who attempted to overturn the election. Langone, who voted for Trump in 2016 and gave him credit for improving the economy, said the president "exhausted everything." "Biden is the president," Langone said on CNBC.

Inauguration Day 2021: What now? Capitol riots, Trump supporter threats prompt safety concerns

  Inauguration Day 2021: What now? Capitol riots, Trump supporter threats prompt safety concerns The inauguration of a new president, set for Jan. 20, typically poses one of the most enormous security challenges. What does that mean after a riot?The inauguration of a new president, set for Jan. 20, typically poses one of the most enormous security challenges for the federal government and local police, as former presidents and foreign dignitaries gather to observe what – until Wednesday – represented the peaceful transfer of power at the very Capitol that was overrun.

New York City will terminate business contracts with President Donald Trump after last week's insurrection at the U.S. Capitol, Mayor Bill de Blasio announced Wednesday. “I’m here to announce that the city of New York is severing all contracts with the Trump Organization,” de Blasio said in an

His core businesses lose money consistently and they are staying in business by juggling debt. The fact that we elected a narcissist does not mean we cannot hold him accountable for his behavior. It was easy to see coming that Trump can ’ t admit defeat any easier than the kim family can (actually

For all the latest on the impeachment effort, follow my colleagues at CNN Politics.

QUOTE OF THE DAY

"This case is about Parler's demonstrated unwillingness and inability to remove ... content that threatens the public safety such as by inciting and planning the rape, torture, and assassination of named public officials and private citizens."

-- Amazon fired back in its legal battle with Parler, the social media platform favored by the far-right that was booted from Amazon's web-hosting service over the weekend. Amazon is arguing that Parler breached the terms of its contract and that Parler's removal from AWS's hosting platform was a "last resort."

HOW ABOUT A TREAT?

That was a lot of heavy news, let's check in with the lovely nerds over at CES to see what kooky futuristic gadgets they've got to lighten the mood...

Hallelujah. The greatest minds of my generation have finally delivered: The world now has a Keurig for ice cream. It's called ColdSnap, it costs $1,000 and it gives you soft serve on demand, so it's pretty much up there with the Model T and the iPhone in terms of innovation if you ask me.

QAnon supporter from Arizona dressed in fur and horns joins storming of US Capitol

  QAnon supporter from Arizona dressed in fur and horns joins storming of US Capitol The man was seen in photographs from Washington, D.C., amid supporters of President Donald Trump who turned violent and stormed the U.S. Capitol.Angeli was seen in photographs from Washington, D.C., amid rioters who turned violent and stormed the building, causing both chambers to suspend their intended action of the day: certifying the results of the presidential election for former vice president Joe Biden.

My colleague Samantha Murphy Kelly has all the details on this heaven-sent doodad.

Speaking of the Consumer Electronics Show...

In a normal January, CES brings in about $169 million in direct spending to Las Vegas. But this year, CES is all virtual, dealing yet another blow to America's hardest-hit metro economy. Alicia Wallace dives into the crisis in Vegas.

NUMBER OF THE DAY

20%

Homeowners are rushing to refinance their mortgages, with applications surging 20% last week. Mortgage rates have been at all-time lows in recent months, but some fear rock-bottom rates won't last.

WHAT ELSE IS GOING ON

  • Intel ousted CEO Bob Swan after a rocky two-year run and named Pat Gelsinger as his successor. The news sent Intel shares up 8%.
  • Dollar General will pay workers to get the Covid-19 vaccine.
  • Netflix has doubled the number of Black employees at the company in the past three years, according to its first-ever inclusion report.
  • An Australian dairy processor officially rebranded a cheese snack that shared its name with a racial slur.
ColdSnap © ColdSnap ColdSnap Donald Trump wearing a suit and tie: US President Donald Trump boards Air Force One before departing Harlingen, Texas on January 12, 2021. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) © MANDEL NGAN/AFP/Getty Images US President Donald Trump boards Air Force One before departing Harlingen, Texas on January 12, 2021. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Backlash to riot at Capitol hobbles Trump’s business as banks, partners flee the brand .
The Trump Organization was already hurting from political backlash and the pandemic, and faced huge unpaid loans. The Trump Organization was already struggling, hurt by political backlash and coronavirus-related closures, facing huge unpaid loans. Barrack told Trump that he could help that business — as well as his aides, and the country itself — by ensuring a peaceful transition, according to person familiar with the conversation.

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