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Trump's presumptive nomination divides Republicans – campaign live Trump's presumptive nomination divides Republicans – campaign live
(35 minutes later)
4.32pm BST
16:32
Trumps appoints banker with Hollwood ties finance chairman
Donald Trump is wasting no time building that finance organization he was talking about yesterday. Trump has appointed Steven Mnuchin, like Trump a New York scion, as national finance chairman.
Mnuchin founded and runs Dune Capital Management LP, a private investment firm.
Mnuchin dabbled in Hollywood and scored some big wins – including none other than Avatar – before losing up to $80m for himself and partners in an investment in a Beverly Hills studio that filed for bankruptcy in August 2015, Variety reported:
The son of a prominent New York banker and arts patron, Mnuchin spent 17 years at Goldman Sachs building a fortune reportedly worth $46 million, before forming his own firm, Dune Capital, that would bring him even more luster. By the mid-2000s, Dune was providing financing for batches of winning movies, like the “X-Men” franchise and “Avatar,” Hollywood’s all-time box-office champion. [...]
With Relativity’s Chapter 11 bankruptcy filing last week, those high hopes have been dashed, and Mnuchin has been left in a particularly uncomfortable position. The money-man and fellow investors in a Dune Capital fund are said to have lost as much as $80 million — equity that is almost certain to be lost for good, said two sources familiar with the situation. And disgruntled Relativity investors privately are questioning how a bank Mnuchin once headed –OneWest Bank of Pasadena – was allowed by Relativity to drain $50 million from the studio just weeks prior to the July 30 insolvency filing.
“It’s a great privilege to be working with Mr. Trump to create a world class finance organization to support the campaign in the general election,” a Trump statement quoted Mnuchin as saying.
“Steven is a professional at the highest level with an extensive and very successful financial background,” the statement said Trump said. “He brings unprecedented experience and expertise to a fundraising operation that will benefit the Republican Party and ultimately defeat Hillary Clinton.”
Looks like Mnuchin's given to many D's - Clinton, Obama, Kerry, Schumer - as well as R's. Definitely a Trumpian pick https://t.co/ofE44w4XVs
4.21pm BST
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David Cameron suggests Donald Trump ‘deserves our respect’ – video
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Donald Trump has announced two campaign stops for Friday: one in Omaha, Nebraska, which votes on Tuesday, and one in Eugene, Oregon, which votes the Tuesday after.Donald Trump has announced two campaign stops for Friday: one in Omaha, Nebraska, which votes on Tuesday, and one in Eugene, Oregon, which votes the Tuesday after.
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Tow truck driver ditches disabled woman because of Sanders stickerTow truck driver ditches disabled woman because of Sanders sticker
A tow truck driver outside Asheville, North Carolina, responded to a stranded vehicle call Monday from a driver with disabilities, but when he saw her Bernie Sanders sticker he aborted the pick-up and left her on the side of the highway, Fox Carolina reported:A tow truck driver outside Asheville, North Carolina, responded to a stranded vehicle call Monday from a driver with disabilities, but when he saw her Bernie Sanders sticker he aborted the pick-up and left her on the side of the highway, Fox Carolina reported:
Kenneth Shupe said he was called to pick up a woman stranded on I-26 in Asheville on Monday.Kenneth Shupe said he was called to pick up a woman stranded on I-26 in Asheville on Monday.
When he saw “a bunch of Bernie Sanders stuff” he said he told the woman, “very politely,” that he could’t tow her car because she was “obviously a socialist” and advised her to “call the government” for a tow.When he saw “a bunch of Bernie Sanders stuff” he said he told the woman, “very politely,” that he could’t tow her car because she was “obviously a socialist” and advised her to “call the government” for a tow.
“Every business dealing in recent history with a socialist minded person I have not gotten paid,” Shupe said. “Every time I deal with these people I get ‘Berned’ with an ‘e’ not a ‘u’.”“Every business dealing in recent history with a socialist minded person I have not gotten paid,” Shupe said. “Every time I deal with these people I get ‘Berned’ with an ‘e’ not a ‘u’.”
Shupe, who runs Shupee Max Towing in Travelers Rest, said he is a conservative Christian who supports Republican presidential candidate Donald Trump.Shupe, who runs Shupee Max Towing in Travelers Rest, said he is a conservative Christian who supports Republican presidential candidate Donald Trump.
The Huffington Post reported the driver, Cassandra McWade, “collects disability payments and has psoriatic arthritis, impaired mobility, early stage Crohn’s disease, severe fibromyalgia and chronic fatigue syndrome.”The Huffington Post reported the driver, Cassandra McWade, “collects disability payments and has psoriatic arthritis, impaired mobility, early stage Crohn’s disease, severe fibromyalgia and chronic fatigue syndrome.”
McWade’s mother wrote about the incident on Facebook:McWade’s mother wrote about the incident on Facebook:
Heads up, friends.... Cass had a wreck in Asheville yesterday. She is fine, but the car was not driveable. We called our mechanic who was tied up in Easley at the time, so he sent ShupeeMax Towing to get her. Kenneth Shupee drove from Travelers Rest to Asheville, hooked up her car, and when he went around to the back, he came back and told her that he wouldn’t tow her because she had a Bernie sticker on the back of the car. HE LEFT HER ON THE SIDE OF THE INTERSTATE IN NC, and DROVE AWAY. Spread this bigot’s story far & wide. Btw, I’m guessing he’s a Trump supporter. The only difference is that the Don would have taken the money, because he at least realizes that liberals’ money spends just the same as anyone else’s. Dumb (expletive) cost himself money driving all the way to Asheville & back for nothing. (Expletive).Heads up, friends.... Cass had a wreck in Asheville yesterday. She is fine, but the car was not driveable. We called our mechanic who was tied up in Easley at the time, so he sent ShupeeMax Towing to get her. Kenneth Shupee drove from Travelers Rest to Asheville, hooked up her car, and when he went around to the back, he came back and told her that he wouldn’t tow her because she had a Bernie sticker on the back of the car. HE LEFT HER ON THE SIDE OF THE INTERSTATE IN NC, and DROVE AWAY. Spread this bigot’s story far & wide. Btw, I’m guessing he’s a Trump supporter. The only difference is that the Don would have taken the money, because he at least realizes that liberals’ money spends just the same as anyone else’s. Dumb (expletive) cost himself money driving all the way to Asheville & back for nothing. (Expletive).
Read the full piece here. H/t Dana Liebelson / Huffington PostRead the full piece here. H/t Dana Liebelson / Huffington Post
UpdatedUpdated
at 3.46pm BSTat 3.46pm BST
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Trump reverses on self-fundingTrump reverses on self-funding
During the primary season, Donald Trump has claimed to self-fund his campaign while accepting individual contributions, which he has explained are too small to send back. But since Trump has not built or encouraged the growth of a Super Pac superstructure around his candidacy – or made the kinds of repeated appeals for donations that most candidates do, and has personally loaned his campaign millions – his claims to self-funding are not four-Pinnochios-false.During the primary season, Donald Trump has claimed to self-fund his campaign while accepting individual contributions, which he has explained are too small to send back. But since Trump has not built or encouraged the growth of a Super Pac superstructure around his candidacy – or made the kinds of repeated appeals for donations that most candidates do, and has personally loaned his campaign millions – his claims to self-funding are not four-Pinnochios-false.
Trump has spotlighted the self-funding that he has done as a central virtue of his candidacy. “I’m self-funding and I am going to take care of the people – not the special interests and insurance companies like the other candidates,” he said in February.Trump has spotlighted the self-funding that he has done as a central virtue of his candidacy. “I’m self-funding and I am going to take care of the people – not the special interests and insurance companies like the other candidates,” he said in February.
That’s over now, with Trump telling the Wall Street Journal Wednesday that he will create a “world-class finance organization” to power his campaign.That’s over now, with Trump telling the Wall Street Journal Wednesday that he will create a “world-class finance organization” to power his campaign.
“I’ll be putting up money, but won’t be completely self-funding, as I did during the primaries,” Trump said.“I’ll be putting up money, but won’t be completely self-funding, as I did during the primaries,” Trump said.
If you visit the Trump web site you can donate now to make America great again. About 10.7m people have voted for Trump so far, indicative of what might develop into a grassroots donor network (about 12.5m people have voted for Clinton). Here’s the New York Times’ campaign funding correspondent:If you visit the Trump web site you can donate now to make America great again. About 10.7m people have voted for Trump so far, indicative of what might develop into a grassroots donor network (about 12.5m people have voted for Clinton). Here’s the New York Times’ campaign funding correspondent:
He has not ruled out taking public financing, but also said he wants to raise a billion dollars for the general, which, better hurry dude.He has not ruled out taking public financing, but also said he wants to raise a billion dollars for the general, which, better hurry dude.
I suspect Trump could reach Sanders volume (and beyond) on small donor $ if he actually tried to raise it. Which would be interesting.I suspect Trump could reach Sanders volume (and beyond) on small donor $ if he actually tried to raise it. Which would be interesting.
And here’s a roundup of Trump’s previous opinions about candidates who take money or are boosted by money from outside political groups:And here’s a roundup of Trump’s previous opinions about candidates who take money or are boosted by money from outside political groups:
As Trump prepares to start fundraising, here are some of the ways he's bashed fundraising as corrupt. via@EveryVoice pic.twitter.com/2n2f5kvLssAs Trump prepares to start fundraising, here are some of the ways he's bashed fundraising as corrupt. via@EveryVoice pic.twitter.com/2n2f5kvLss
It is tempting to say that there would appear to be little chance that Trump’s course-change on dark money in politics represents a risk for him politically, if one admits as evidence his previous course changes on abortion, health care and guns.It is tempting to say that there would appear to be little chance that Trump’s course-change on dark money in politics represents a risk for him politically, if one admits as evidence his previous course changes on abortion, health care and guns.
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McCain caught on tape: Trump damages my bidMcCain caught on tape: Trump damages my bid
John McCain, Donald Trump’s forebear as a Republican presidential nominee who is running for his seventh term in the senate, has been captured on audio tape admitting that Trump’s presence on the ticket poses an obstacle to his re-election.John McCain, Donald Trump’s forebear as a Republican presidential nominee who is running for his seventh term in the senate, has been captured on audio tape admitting that Trump’s presence on the ticket poses an obstacle to his re-election.
McCain had previously dismissed such a link.McCain had previously dismissed such a link.
“If Donald Trump is at the top of the ticket, here in Arizona, with over 30 percent of the vote being the Hispanic vote, no doubt that this may be the race of my life,” McCain said, according to a recording of the event obtained by Politico. “If you listen or watch Hispanic media in the state and in the country, you will see that it is all anti-Trump. The Hispanic community is roused and angry in a way that I’ve never seen in 30 years.”“If Donald Trump is at the top of the ticket, here in Arizona, with over 30 percent of the vote being the Hispanic vote, no doubt that this may be the race of my life,” McCain said, according to a recording of the event obtained by Politico. “If you listen or watch Hispanic media in the state and in the country, you will see that it is all anti-Trump. The Hispanic community is roused and angry in a way that I’ve never seen in 30 years.”
Read the full piece at Politico here.Read the full piece at Politico here.
2.58pm BST2.58pm BST
14:5814:58
Cameron: Trump deserves respectCameron: Trump deserves respect
Heather StewartHeather Stewart
David Cameron has said he “respects” the controversial presidential candidate Donald Trump for making it through the grueling Republican primary process, writes the Guardian’s Heather Stewart:David Cameron has said he “respects” the controversial presidential candidate Donald Trump for making it through the grueling Republican primary process, writes the Guardian’s Heather Stewart:
The prime minister refused to retract his claim, made when a Trump candidacy still seemed an unlikely prospect, that the billionaire’s proposal for banning Muslims from the US was “stupid, divisive and wrong”.The prime minister refused to retract his claim, made when a Trump candidacy still seemed an unlikely prospect, that the billionaire’s proposal for banning Muslims from the US was “stupid, divisive and wrong”.
Speaking at a joint press conference at 10 Downing Street alongside his Japanese counterpart, Shinzo Abe, Cameron said, having come through the tough primary process, Trump “deserves our respect”.Speaking at a joint press conference at 10 Downing Street alongside his Japanese counterpart, Shinzo Abe, Cameron said, having come through the tough primary process, Trump “deserves our respect”.
“Knowing the grueling nature of the primaries, what you have to go through to go on and represent your party in a general election – anyone who makes it through that deserves our respect,” Cameron said.“Knowing the grueling nature of the primaries, what you have to go through to go on and represent your party in a general election – anyone who makes it through that deserves our respect,” Cameron said.
Read the full piece here:Read the full piece here:
Related: David Cameron: Donald Trump deserves respectRelated: David Cameron: Donald Trump deserves respect
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Hello, and welcome to our live-wire coverage of the 2016 race for the White House. Donald Trump appears to have called some of the Republican party to heel, as his last rival for the nomination, John Kasich, dropped out of the race Wednesday and Senate majority leader Mitch McConnell released a statement of support.Hello, and welcome to our live-wire coverage of the 2016 race for the White House. Donald Trump appears to have called some of the Republican party to heel, as his last rival for the nomination, John Kasich, dropped out of the race Wednesday and Senate majority leader Mitch McConnell released a statement of support.
But there’s one big exception: the two former presidents Bush. “Neither George HW nor George W Bush, the only two living former Republican presidents of the United States, will endorse Donald Trump,” writes Guardian politics reporter Ben Jacobs:But there’s one big exception: the two former presidents Bush. “Neither George HW nor George W Bush, the only two living former Republican presidents of the United States, will endorse Donald Trump,” writes Guardian politics reporter Ben Jacobs:
In statements released to the Guardian on Wednesday evening, spokesmen for both former presidents said they would be sitting out the 2016 election. Freddy Ford, a spokesman for George W Bush, told the Guardian: “President George W Bush does not plan to participate in or comment on the presidential campaign.”In statements released to the Guardian on Wednesday evening, spokesmen for both former presidents said they would be sitting out the 2016 election. Freddy Ford, a spokesman for George W Bush, told the Guardian: “President George W Bush does not plan to participate in or comment on the presidential campaign.”
The statement by the 43rd president was echoed in one released by his father. Jim McGrath, a spokesman for George HW Bush, told the Guardian: “At age 91, President Bush is retired from politics. He naturally did a few things to help Jeb, but those were the ‘exceptions that proved the rule’.”The statement by the 43rd president was echoed in one released by his father. Jim McGrath, a spokesman for George HW Bush, told the Guardian: “At age 91, President Bush is retired from politics. He naturally did a few things to help Jeb, but those were the ‘exceptions that proved the rule’.”
Is the current nominee’s failure to win the support of the two previous Republican presidents a sign of faultlines within the Republican party? Submit your think pieces in the comments, please. And read more here:Is the current nominee’s failure to win the support of the two previous Republican presidents a sign of faultlines within the Republican party? Submit your think pieces in the comments, please. And read more here:
Related: Neither George HW nor George W Bush will endorse Donald TrumpRelated: Neither George HW nor George W Bush will endorse Donald Trump
McConnell is not sitting the race out, but his statement in support of Trump as the nominee is more fatalist than fawning:McConnell is not sitting the race out, but his statement in support of Trump as the nominee is more fatalist than fawning:
Senate Majority Leader Mitch McConnell issues statement backing Donald Trump as GOP nominee pic.twitter.com/CYf9potXLwSenate Majority Leader Mitch McConnell issues statement backing Donald Trump as GOP nominee pic.twitter.com/CYf9potXLw
While it appears that fears (hopes?) of a contested Republican convention have been laid to rest, Ted Cruz’s spokesman has signaled that Cruz, for one, does not expect to spend four days in Cleveland at the Donald Trump Show. “The convention is about more than one person,” he tweeted:While it appears that fears (hopes?) of a contested Republican convention have been laid to rest, Ted Cruz’s spokesman has signaled that Cruz, for one, does not expect to spend four days in Cleveland at the Donald Trump Show. “The convention is about more than one person,” he tweeted:
The convention is about more than one person. We need a conservative platform and rules. Cruz will have a voice in both.The convention is about more than one person. We need a conservative platform and rules. Cruz will have a voice in both.
Watching accommodation & capitulation by McConnell, Rubio et al, one concludes:This is the way the GOP ends, not with a bang but a whimper.Watching accommodation & capitulation by McConnell, Rubio et al, one concludes:This is the way the GOP ends, not with a bang but a whimper.
Being president is weird sometimes:Being president is weird sometimes:
Hillary Clinton will be campaigning in Los Angeles today, ahead of next month’s California primary, while her opponent, Bernie Sanders, hits Charleston and Morgantown in West Virginia. Trump will be in Charleston, too, this evening, and Ben Jacobs will join him.Hillary Clinton will be campaigning in Los Angeles today, ahead of next month’s California primary, while her opponent, Bernie Sanders, hits Charleston and Morgantown in West Virginia. Trump will be in Charleston, too, this evening, and Ben Jacobs will join him.
Thanks as always for reading and please join us in the comments.Thanks as always for reading and please join us in the comments.