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Oct. 19, 2018, 8:39 a.m. EDT

Pompeo warned Saudi prince his future as king is in peril | Trump, Obama head to swing states

Grenell, controversial U.S. ambassador to Germany, is under serious consideration for U.N. post

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By Robert Schroeder, MarketWatch

Getty Images
Secretary of State Mike Pompeo meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, on Tuesday.

U.S. Secretary of State Mike Pompeo told Saudi Arabian Crown Prince Mohammed bin Salman his future as king depends on his handling of the suspected murder of journalist Jamal Khashoggi, CNN reports.

Pompeo, says CNN , told the prince in no uncertain terms that he had to “own” the situation, and “that every fact is going to get out.” The two met on Tuesday in Riyadh. As CNN says, Pompeo has been slammed for the warm, smiling images emerging from his trip, as the Saudi story about Khashoggi’s fate began to shift and Turkish media published grisly details about his suspected murder and links emerged that tie the suspected killers to crown prince himself.

Trump, Obama on the road: The Hill writes President Donald Trump and former President Barack Obama are headed to the Southwest with the Senate majority hanging in the balance and only 18 days to go until the midterm elections. Trump goes to Mesa, Ariz., Friday to gin up support for Rep. Martha McSally, a Republican who is running neck-and-neck with her Democratic challenger Rep. Kyrsten Sinema. On Saturday, Trump will touch down in Elko, Nevada, to rally voters for GOP Sen. Dean Heller, whose race against Rep. Jacky Rosen, a Democrat, is also a toss-up.

Obama will be in Las Vegas on Monday to promote Democrats including Rosen.

Also read: November shock? Republicans could still control Congress after the midterms, polls suggest.

Grenell under consideration for U.N. ambassador: Trump is now seriously considering Richard Grenell, the controversial U.S. ambassador to Germany, to replace Nikki Haley at the United Nations, Politico reported . Trump initially seemed to rule out choosing Grenell for the job, telling reporters he’d prefer to keep him in Germany. “Ric is doing so well that I wouldn’t want to move him,” the president told reporters last week shortly after Haley announced her plans to step down by the end of the year. But in recent days, writes Politico, several of Trump’s closest advisers have put forward Grenell’s name again, pointing to his seven-year stint as the United States’ U.N. spokesman.

‘Final warning’ for China: Earlier this week the U.S. Treasury declined to label China a currency manipulator, but said recent weakness in the yuan /zigman2/quotes/210561991/realtime/sampled USDCNY +0.2242%   is a concern.

ING currency strategist Viraj Patel told Bloomberg the report “came across as basically a final warning over Beijing’s currency policy.” Brad Setser, a former Treasury official, said the report “lays the groundwork for giving Treasury the option of naming China next time for failing to intervene to block depreciation pressure with sufficient force.”

Also see: Here’s why investors are anxious about China’s next move.

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June 28, 2022 8:39a

Robert Schroeder is the White House reporter for MarketWatch. Follow him on Twitter @mktwrobs.

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