Thursday, December 7, 2017

Trump's impeachment 'closer than we think', says veteran Republican strategist - Independent

6/12/2017
Trump's impeachment 'closer than we think', says veteran Republican strategist
Alex Castellanos thinks Roy Moore could help bring the President down
Emily Shugerman New York
A veteran Republican strategist has claimed Donald Trump is closer to impeachment than most people think.
Alex Castellanos, a consultant for seven Republican Presidential bids – including the George W Bush and Mitt Romney campaigns – discussed the latest developments in the Russia probe on ABC's This Week with George Stephanopoulos.
The consultant started by expressing scepticism that special counsel Robert Mueller’s investigation alone could bring Mr Trump down. Mr Mueller is investigating possible Trump team collusion with Russia, and possible obstruction of justice by the President himself.
Members of Trump's White House team 'sh*****g bricks'
“All we have seen is charges for tax evasion and lying to the FBI,” Mr Castellanos said of the probe thus far. “You know, only in Washington is it an industry that people go to jail for covering up crimes they don’t commit as a standard procedure.”
Mr Trump’s former campaign manager, Paul Manafort, has been charged with tax fraud and various other financial crimes. Two of his former campaign members – George Papadopoulos and Michael Flynn – have pleaded guilty to lying to the FBI about their contact with Russian sources.
Mr Trump, however, told reporters he was “very happy” about Mr Flynn’s plea, claiming it did not prove collusion. He even tweeted in defence of his former national security adviser, writing: "I had to fire General Flynn because he lied to the Vice President and the FBI. He has pled guilty to those lies.”
“It is a shame because his actions during the transition were lawful,” he added. “There was nothing to hide!"
Michael Flynn: Fired Trump adviser's pleads guilty to Russia investigation charge
But Mr Castellanos warned that the Russia probe may become more problematic for the President if Senate candidate Roy Moore wins in a seat Alabama. The candidate has been accused of sexually abusing minors, and is unpopular even among fellow Republicans in Washington. If Mr Moore wins the election, Mr Castellanos said, he could hurt Republican candidates in the 2018 midterm elections.
"Roy Moore [is] coming to the Senate possibly in a week,” he said. “And he becomes the face of the Republican Party for the next year, when we’re already in danger of losing the House. It’s likely we’ll do that without him, lose the House. Trump gets impeached."
He added: "We’re closer to impeachment now than we think.”
Impeachment requires a majority vote in the House, and a two-thirds vote in the Senate. Democrats would have to win 24 more seats in the House and three more in the Senate to win back the majority in both chambers.

THE SHORT LIST: NO. 2 PERSON OF THE YEAR 2017 DONALD TRUMP - TIME


7/12/2017
THE SHORT LIST: NO. 2
PERSON OF THE YEAR 2017
DONALD TRUMP
The 45th commander in chief has changed the rules of the presidency
BY MOLLY BALL
The show often starts before dawn. With a flicker of anticipation or a feeling of dread, people around the world roll over in bed, fumble for their phones and learn whether one of the most powerful people on the planet has tweeted. It’s an uncanny kind of intimacy. He tells us what he’s watching on television, what grudges he’s nursing and what he wants us to think. This is life during the presidency of Donald Trump.
By the traditional measures of presidential influence—legislation passed, policies enacted, visions projected onto the world—Trump has used his first year in office to considerable effect. He has backed out of multilateral trade deals and edged closer to nuclear ­confrontation with North Korea. He has appointed a Supreme Court Justice who thrilled conservatives and is reshaping the judiciary. He has rolled back regulations and has shrunk the federal government. He has removed millions of acres of wilderness from federal land protection. As the year’s end nears, he is tantalizingly close to signing a sweeping tax bill that would touch almost every corner of American life, slashing the corporate tax rate, closing multiple loopholes, ballooning the federal deficit, rattling real estate markets and undermining Obama­care. For all that, the Administration’s record doesn’t nearly live up to Trump’s own hype—“just about the most successful in our country’s history,” he bragged at the 100-day mark—and it is an open question how permanent his accomplishments will be.
Watch: Why the Silence Breakers Are the 2017 Person of the Year
The greater impact of Trump’s first year in office is that he has changed the presidency. The passing feuds, the wild accusations, the crude and divisive language­—­no other Commander in Chief has broadcast his outbursts in such an unfiltered torrent. He has spurned traditional allies and democratic values overseas, carried into office a sprawling business empire and the potential conflicts of interest that come with it, pitted American corporations against each other in high-profile face-offs, and gleefully gone to war with the press, with leaders of his own party, with his long defeated political opponents. Even his most loyal allies struggle to understand the behavior. “I do not follow the tweets,” White House chief of staff John Kelly recently told reporters. “They are what they are.”
Trump’s candidacy rewrote the rules of politics. Now he has changed the rules of the presidency. From Washington to Wall Street, Peoria to Pyongyang, late-night television to social media, much of the world revolves around the Trump show. He inserts himself into social debates­—the protests in the National Football League, the fight over Confederate monuments—and instantly turns them into cultural flash points.
The daily flow of conflict can be numbing. A new Trump tweet can light up cable news for days, then recede into nothingness: Remember his all-out war on the Congresswoman who said he’d been callous to a soldier’s widow? Or the time he called the North Korean dictator Kim Jong Un “short and fat”? The perpetual provocations thrill his supporters, horrify his opponents—and keep Trump at the center of the story.
There is substance to the spectacle. Bit by bit, warn critics on both sides of the deepening political divide, the 45th President is changing the fabric of society. City councils and school boards are fraught with new tensions. Family members unfriend one another on Facebook. In a September Washington Post poll, two-thirds of Americans said the President was dividing the country. Trump didn’t cause the growing rifts in American life—the increasing political polarization; the urban-­rural divide; our self-sorting into economically and culturally homogenous tribes. But he has wrenched them wider.
Before Trump, Chris Danou, a former police officer, was a Democratic representative from Trempealeau, Wis. He got on well with his culturally conservative neighbors. The day Trump won the White House, Danou’s neighbors voted him out of the state legislature. The blow he felt was more than a political defeat. “I was mad that people I considered decent people voted for someone I considered indecent,” he says. “I thought, ‘I’m not sure I want my kids to grow up around here.’” Not long after the election, he and his family took an opportunity to move to a more like-minded community.
Trump’s backers argue that the country needed to be jolted into a course correction­—however painful—after decades of decline. Ignore the noise, they say, and look at the results. “I don’t like the man,” says Randy Bradley, who owns restaurants in Missouri and Iowa, “[but] as a business owner I’m very impressed. I think he’s restoring a sense of optimism to the business community that’s going to lead to greater investment.”
America is a big country, bigger than any one President or any one constituency. But in Trump it is experiencing something new. His presidency is already a consequential one, with far-reaching effects—­from the decisions he has made to the reaction he has caused.
Trump signs an Executive Order on tax regulations at the White House on April 21
Trump signs an Executive Order on tax regulations at the White House on April 21 Gabriella Demczuk—The New York Times/Redux
Foreign leaders have scrambled to adapt. “The United States has been the principal promoter and defender of the post–World War II order in the world. What Trump has signaled is that that will no longer necessarily be the case,” says Richard Haass, president of the Council on Foreign Relations and former head of policy planning at George W. Bush’s State Department. Trump’s praise for brutal regimes such as those of Turkey’s Recep Tayyip Erdogan and the Philippines’ Rodrigo Duterte has given comfort to tyrants around the world. The Europeans have accelerated talks with partners in Asia, sidestepping the U.S. to strike a deal with Japan in July that could potentially put American firms at a disadvantage. Trump’s announced pullout from the Paris Agreement led the E.U. and China to take the lead against global warming, reaffirming their support for a global fund worth $100 billion per year to help cut greenhouse gases in developing countries. Trump’s criticism of NATO has prompted treaty nations to strengthen their military structures out of concern that the U.S. might not guarantee their security. After Germany moved to integrate two brigades from other E.U. countries into its own armed forces, Chancellor Angela Merkel declared, “We Europeans must really take our fate into our own hands.”
A renegotiation of the balance of Middle East power is under way, abetted by signals from Trump. Less than two weeks after the President’s first trip to the region, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed a blockade on Qatar. Trump tweeted in support of the action, and the President’s then strategist Stephen Bannon said the timing of the blockade was not “just by happenstance.” Saudi Arabia and its allies, seeing Trump’s support as a green light, have undertaken domestic crackdowns and aggressive ­foreign-policy moves. Israel has approved new settlement construction in the West Bank.
America’s biggest corporations lobbied against Trump’s pullout from the 12-country Trans-Pacific Partnership. Agricultural companies like Monsanto and Tyson Foods would have benefited from the estimated $7.2 billion boost to agricultural exports over 15 years, according to the U.S. International Trade Commission. But the biggest challenge for American business under Trump has been the uncertainty caused by his unorthodox behavior. Early in his term, he pitted the defense contractors Boeing and Lockheed Martin against each other in a tweetstorm questioning the price tag of the F-35 military jet. Lockheed’s stock fell 2%. Toyota lost $1.2 billion in market value in five minutes when Trump, in a tweet, threatened consequences if the firm moved a plant to Mexico—although his tweet cited the wrong city for the proposed move. Episodes like these have CEOs spending valuable time coming up with strategies to avoid the President’s public wrath.
Business leaders have hailed the Trump Administration’s regulatory rollbacks and its push for corporate tax cuts. The stock market has continued to soar. The sweeping tax plan promises a windfall for corporations. Depending on negotiations between the House and Senate, the bills under consideration could also lower individual tax rates, reduce the number of households subject to ­estate tax, increase tax credits for parents and repeal the individual mandate to buy health insurance under Obama­care. They would also, according to official ­estimates, add more than a trillion dollars to the deficit.
The single most frequent subject of Trump’s angry tweets, according to an analysis by Axios, is the media. From cries of “fake news” to calling journalists the “enemy of the people” to suggesting networks have their licenses cut, he has taken the always-fraught relationship between Presidents and reporters to a new level of hostility. “It is a sustained attack on the press, on freedom of speech and on the Constitution,” warns Richard Painter, a law professor and former ethics lawyer for George W. Bush. TIME had sought and tentatively secured the President’s participation in an interview and photo shoot for this article. On Nov. 24, the day after Thanksgiving, he abruptly pulled out. “Time Magazine called to say that I was PROBABLY going to be named ‘Man (Person) of the Year,’ like last year, but I would have to agree to an interview and a major photo shoot,” the President tweeted. “I said probably is no good and took a pass. Thanks anyway!” Trump’s tweet was not accurate: TIME made no assurances and placed no conditions on the outcome of our editorial decisionmaking.
Besides the likely tax reform, the major domestic policy accomplishment of Trump’s first year has been a dramatic rollback of the administrative state. The deregulatory push pleases conservatives, and dismays liberals who say thinly staffed executive-branch departments from State to Energy have hampered the basic functioning of the federal bureaucracy. Agency heads like Betsy DeVos, Mick Mulvaney and Scott Pruitt are openly hostile to the departments they’ve been tasked with leading and are working to scale back their mandates. The proposed withdrawal of the EPA’s Clean Power Plan, for example, has environmentalists warning of climate-­altering, air-polluting emissions—even as fossil-fuel companies predict a boost to consumers and the economy.
Perhaps no one has been more disoriented by Trump’s reign than his ostensible allies in the Republican Party. Its leaders live in fear that he’ll suddenly turn on them, as when he attacked Senate majority leader Mitch McConnell in ­August; or mess up their legislation, as when he called a health care bill “mean”; or announce a higher corporate tax threshold than the one they’d negotiated. A record number of Republicans have already ­announced their retirement from the House of Representatives. Republicans have also struggled to adapt to a changed political landscape, like the Virginia gubernatorial candidate who reoriented his campaign around preserving Confederate statues and stopping Hispanic gangs—but still lost by a wide margin.
Trump’s approval rating, recently measured at 33% by Gallup, is by far the lowest for a first-year President in recorded history. The former mogul’s transition to political life was disorienting, insiders say. Trump thrives on routine and spent his entire adult life in New York City before his move to the White House. “He had the same chair in his office for over 40 years, so from a personal point of view, it was difficult,” says Sam Nunberg, Trump’s former political adviser. He wonders if Trump, whose staff shake-ups have driven most loyalists out of proximity, is heading toward a Nixon-like situation where “he’s surrounded by strangers.”
Trump talks to reporters as he departs the White House on Nov. 21
Trump talks to reporters as he departs the White House on Nov. 21 Chip Somodevilla—Getty Images
It is easy to lose perspective in the moment. Trump has a particular aptitude for pushing his critics’ buttons, so that every utterance gets magnified into the supposed end of the Republic. Liberals once declared the country to be on the verge of collapse under President George W. Bush; conservatives proclaimed the same under Barack Obama. The nation survived.
The world is adjusting. The stock market has ceased to fluctuate on his every growl. While CEOs normally jump for a seat at the White House table, after Trump’s equivocal response to white nationalist violence in Charlottesville in August, many decided to walk away. Most of the companies Trump has attacked have seen their stock prices bounce back and then some. Lower down the economic chain, everyday workers haven’t seen a lasting Trump bump. The 11 remaining members of the Trans-Pacific Partnership are steaming ahead with a new trade deal. Foreign leaders and Washington players have started to shrug at Trump’s theatrics.
As a candidate, Trump’s rhetoric triggered anxieties about race, class, gender and social change. As President, Trump has continued to pit Americans against one another, from the Inaugural Address that conjured a landscape of “American carnage” to his criticism of the “sons of bitches” in professional football to retweeting a British anti-Muslim extremist. The sense of tribal solidarity Trump stirs in some of his supporters has made his presidency empowering for them. But for those on the other side of his us-vs.-them equation, the feeling is different. African Americans face an Administration that has rolled back programs to combat systemic bias in the justice system. Immigrants in the country illegally see an expanded regime of raids, resulting in apprehensions at courthouses, churches and job sites. Under Trump, arrests made by Immigration and Customs Enforcement agents have surged more than 40%. A Mexican woman who had lived in the U.S. for decades had previously been assured she wouldn’t be deported as long as she followed the rules. She went for a customary check-in with immigration authorities in Phoenix—and was arrested and deported, leaving her children behind.
Ultimately, immigrants and people of color fear not just Trump but also the forces he has emboldened. “The greatest fear people had was the hate Trump incited in other people,” says Olivia Vazquez, a community organizer with the Philadelphia immigrant-rights group Juntos. According to the FBI, hate crimes reached a five-year high in 2016, with the pace accelerating around the time of the election.
There may be danger ahead for Trump, as the investigation by former FBI director Robert Mueller into Russia’s operation against the 2016 election snares former members of the President’s inner circle. Mueller filed his first indictments Oct. 30, charging Trump’s former campaign chairman and deputy campaign manager with money laundering. On Dec. 1, Trump’s former National Security Adviser, Michael Flynn, pleaded guilty to lying to the FBI and announced he is cooperating with authorities. Friends say Trump remains convinced he has nothing to worry about. “His view is that this will be wrapped up pretty quickly, because he believes—and I believe him 100%—there is nothing to the Russia story,” says Trump’s friend Christopher Ruddy, who spent part of Thanksgiving weekend with him. Most observers, however, doubt the investigation will reach a conclusion anytime soon.
Still, Ruddy would like to see Trump lash out at critics less, and cater more to the middle than to his base. If not, he says, next year’s elections could be an “earthquake.” A popular uprising of angry women and young people has Republicans bracing for a bloodbath in the midterm elections.
One thing is sure: love him or hate him, Trump has invaded our attention in ways previous Presidents never did. He commands more than just the levers of executive power; he has the nation, and the world, in the grip of his singular performance, and events have bent to his will. This has been Year One of Trump’s presidency, and the Trump show continues unabated. The reviews may be mixed, but no one can turn away.
—With reporting by Tessa Berenson, Elizabeth Dias and Nash Jenkins/Washington; Charlie Campbell/Beijing; Jared Malsin/Istanbul; Alan Murray/New York; and Simon Shuster/Berlin

Chinese private fund assets hit a staggering $1.63 trillion - CNBC News

Chinese private fund assets hit a staggering $1.63 trillion
Assets under management of Chinese private funds rose 28 percent over the first 10 months of the year, to 10.77 trillion yuan ($1.63 trillion), according to the Asset Management Association of China.
Interest in private funds is rising as the number of China's high-net-worth individuals increasingly look to professional money managers, according to a Bain report.
The number of private Chinese funds has climbed to about 21,000. About 8,000 of those are hedge funds that invest in securities, according to local consultancy Z-Ben Advisors.
Evelyn Cheng | @chengevelyn
CNBC.com
Kevin Frayer | Getty Images News | Getty Images
China's private fund industry is growing rapidly as the country's wealthy increasingly turn toward money managers.
Assets under management of Chinese private funds rose 28 percent over the first 10 months of the year, to 10.77 trillion yuan ($1.63 trillion), according to a Nov. 10 report, the latest, from the Asset Management Association of China.
The funds target high-net-worth individuals, a group that has grown rapidly in China. The number of Chinese with at least 10 million yuan (roughly $1.5 million) in investible assets has multiplied more than eight times within a decade, to 1.6 million in 2016, according to Bain's report on China Private Wealth, released in August.
"Collectively, China's HNWIs have about RMB 49 trillion (about $7 trillion) in investable assets, and they have grown more discerning about how, and with whom, they invest that money," the report said. The first generation to benefit from China's capitalist turn have tended to manage their money independently. In contrast, "newer HNWIs — who often include the sons and daughters of first-generation company founders — are more willing to seek professional advice."
As investors recover from the shock of China's 2015 market crash, the number of private Chinese funds has grown nearly 20 percent this year, to 21,628, according to the Asset Management Association of China. About 8,000 of those fall into the "hedge fund" category of investing in securities, according to local consultancy Z-Ben Advisors.
"There is increased interest, increased opportunity," said Chantal Grinderslev, senior advisor and director of operations at Z-Ben Advisors. "If anything it's the secret blessing of the block on outflows. It's really spurring interest onshore from investments onshore. "
When it comes to the kinds of funds China's wealthy are pursuing, private equity and venture capital funds have seen much of the growth in the last year, Grinderslev said. According to Z-Ben, assets under management for securities-focused Chinese private funds has fallen from nearly $400 billion at the end of last year to $340 billion this fall.
China's hedge fund industry also remains small by global standards. Global hedge fund research firm Preqin only tracks 117 "pure hedge funds" based in China.
Exclusive: Goldman's Blankfein on investing in China Exclusive: Goldman's Blankfein on investing in China
6:52 AM ET Thu, 9 Nov 2017 | 03:58
But the growth trend remains. Preqin said the 117 funds is double that of 2014.
"With the introduction of shortselling of China equity markets and favorable regulation being released over recent years, Preqin expects to see the number of funds launching within China continue to increase in the coming years," Ross Ford, head of hedge funds and real assets research at Preqin, said in an email to CNBC.
Interest in securities investing is also high. Of more than 15,000 investment products launched last year, 80 percent focused on fixed income or equity, according to Z-Ben.
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A major factor in the growth of China's funds this year is the strong performance in some of the local markets. The Hang Seng is up 28 percent this year and China's CSI 300 is up 21 percent.
Funds are capturing those gains. The HFRI Emerging Markets: China index is up 28 percent this year through October, the best performer among the HFRI indexes and more than twice the HFRI Equity Hedge (Total) Index's nearly 11 percent gain.
"Most Chinese hedge funds are focusing on the unique trading opportunities in mainland markets," Ken Heinz, president of HFR, said in an email to CNBC. However, Heinz said some funds were looking for overseas arbitrage opportunities.
The next step for many Chinese funds is expanding into foreign markets, several analysts said.
The industry is still in the early stages of expanding overseas, "but private funds in China are on the precipice of moving into global investment on behalf of their clients," Grinderslev said.
Historically, more than two-thirds of China-based funds focused on the Greater China region. But Preqin's Ford said 79 percent of new China-based fund launches in 2016 had a global focus.
Some funds are also trying to emulate their Western peers. Hedge fund giant Bridgewater Associates is planning to launch a version of its All Weather fund in China. A "Congrong Allweather Fund" from Shanghai Congrong Investment Management already exists. It rose 37 percent in roughly the first 10 months of the year, according to Z-Ben.

Hamas calls for Palestinian uprising in response to Trump's Jerusalem plan - Reuters

7/12/2017
Hamas calls for Palestinian uprising in response to Trump's Jerusalem plan
Dan Williams, Nidal al-Mughrabi
JERUSALEM/GAZA (Reuters) - The Islamist group Hamas urged Palestinians on Thursday to abandon peace efforts and launch a new uprising against Israel in response to U.S. President Donald Trump’s recognition of Jerusalem as its capital.
Palestinians shout slogans during a protest following U.S. President Donald Trump's announcement that he has recognized Jerusalem as Israel's capital, near Damascus Gate in Jerusalem's Old City December 7, 2017. REUTERS/Ammar Awad
The Israeli military said it was reinforcing troops in the occupied West Bank, deploying several new army battalions and putting other forces on standby, describing the measures as part of its “readiness for possible developments”.
Protests so far have been scattered and largely non-violent.
But dozens of Palestinians gathered at two points on the Gaza border fence with Israel and threw rocks at soldiers on the other side. Inside Gaza, thousands of Palestinians rallied, some chanting: “Death to America! Death to the fool Trump!” and burning tires.
Trump reversed decades of U.S. policy on Wednesday by recognizing Jerusalem as the capital of Israel, imperiling Middle East peace efforts and upsetting the Arab world and Western allies alike.
The status of Jerusalem - home to sites holy to the Muslim, Jewish and Christian religions - is one of the biggest obstacles to reaching a peace agreement between Israel and the Palestinians.
“We should call for and we should work on launching an intifada (Palestinian uprising) in the face of the Zionist enemy,” Hamas leader Ismail Haniyeh said in a speech in Gaza.
Haniyeh, elected the group’s overall leader in May, urged Palestinians, Muslims and Arabs to hold rallies against the U.S decision on Friday, calling it a “day of rage”.
Naser Al-Qidwa, an aide to Palestinian President Mahmoud Abbas and senior official in his Fatah party, urged Palestinians to stage protests but said they should be peaceful.
Israel considers Jerusalem its eternal and indivisible capital. Palestinians want the capital of an independent state of theirs to be in the city’s eastern sector, which Israel captured in the 1967 Middle East war and annexed in a move never recognized internationally.
Trump announced his administration would begin a process of moving the U.S. Embassy in Tel Aviv to Jerusalem, a step expected to take years and one that his predecessors opted not to take to avoid inflaming tensions.
Israeli Prime Minister Benjamin Netanyahu, who hailed Trump’s announcement as a “historic landmark”, said on Thursday many countries would follow the U.S. move and that contacts were underway. He did not name the countries he was referring to.
“President Trump has immortalized himself in the chronicles of our capital. His name will now be held aloft, alongside other names connected to the glorious history of Jerusalem and of our people,” he said in a speech at Israel’s Foreign Ministry.
Other close Western allies of Washington, including France and Britain, have been critical of Trump’s move. Pope Francis has called for Jerusalem’s status quo to be respected, while China and Russia have also expressed concern.
Supporters of the Difa-e-Pakistan Council (DPC), an Islamic organization, chant slogans as they burn Israeli and US flags during a protest against U.S. President Donald Trump's decision to recognize Jerusalem as the capital of Israel, in Peshawar, Pakistan December 7, 2017. REUTERS/Fayaz Aziz
Trump’s decision has raised doubts about his administration’s ability to follow through on a peace effort that Trump’s son-in-law and senior adviser, Jared Kushner, has led for months aimed at reviving long-stalled negotiations.
The United Nations Security Council is likely to meet on Friday to discuss the U.S. decision, diplomats said.
“STRATEGIC DANGER”
Israel and the United States consider Hamas, which has fought three wars with Israel since 2007, a terrorist organization. Hamas does not recognize Israel’s right to exist and its suicide bombings helped spearhead the last intifada, from 2000 to 2005.
“We have given instruction to all Hamas members and to all its wings to be fully ready for any new instructions or orders that may be given to confront this strategic danger that threatens Jerusalem and threatens Palestine,” Haniyeh said.
“United Jerusalem is Arab and Muslim, and it is the capital of the state of Palestine, all of Palestine,” he said, referring to territory including Israel as well as the Hamas-controlled Gaza Strip and the Israeli-occupied West Bank.
Haniyeh called on Western-backed Palestinian President Mahmoud Abbas to withdraw from peacemaking with Israel and on Arabs to boycott the Trump administration.
Abbas said on Wednesday the United States had abdicated its role as a mediator in peace efforts. Palestinian secular and Islamist factions have called for a general strike and rallies on Thursday.
The international community does not recognize Israeli sovereignty over the whole of Jerusalem, believing its status should be resolved in negotiations. No other country has its embassy in Jerusalem.
Trump’s decision fulfils a campaign promise and will please Republican conservatives and evangelicals who make up a sizeable portion of his domestic support.
He said his move was not intended to tip the scale in favor of Israel and that any deal involving the future of Jerusalem would have to be negotiated by the parties.
The United States is asking Israel to temper its response to the announcement because Washington expects a backlash and is weighing the potential threat to U.S. facilities and people, according to a State Department document seen by Reuters.
Protests broke out in areas of Jordan’s capital, Amman, inhabited by Palestinian refugees, and several hundred protesters gathered outside the U.S. consulate in Istanbul on Wednesday following Trump’s announcement.
Palestinians switched off Christmas lights at Jesus’ traditional birthplace in Bethlehem on Wednesday night to protest Trump’s move.
Additional reporting by Hamid Shalizi in Kabul and Kay Johnson in Islamabad; Editing by Nick Tattersall and Janet Lawrence

Bitcoin surges above $14,000 to new high - BBC News

Bitcoin surges above $14,000 to new high
7/12/2017
At the start of the year Bitcoin was valued below $1,000
Bitcoin crossed $14,000 (£10,460; €11,870) on Thursday, surging $2,000 in less than 24 hours.
The cryptocurrency began the year below $1,000 but continues its sharp rise despite warnings of a dangerous bubble.
Bitcoin hit the latest milestone during early trading in Asia, according to the website Coindesk.com.
The new record high comes just days before the launch of bitcoin futures on two exchanges, including the world's largest futures exchange, CME.
Spread betting firm CMC Markets said the rise had all the symptoms of a bubble market, warning "there is no way to know when the bubble will burst".
What's behind the Bitcoin gold rush?
US regulator approves Bitcoin trading
Presentational grey line
What is Bitcoin?
There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency.
Unlike the notes or coins in your pocket, it largely exists online.
Secondly, Bitcoin is not printed by governments or traditional banks.
A small but growing number of businesses, including Expedia and Microsoft, accept bitcoins - which work like virtual tokens.
However, the vast majority of users now buy and sell them as a financial investment.
Presentational grey line
The digital currency's rapid ascent from around $1,000 at the start of the year has put it in the spotlight.
Critics have said Bitcoin is going through a bubble similar to the dotcom boom, whereas others say it is rising in price because it is crossing into the financial mainstream.
Financial regulators have taken a range of views on the status of digital currencies and their risks.
The UK's Financial Conduct Authority warned investors in September they could lose all their money if they buy digital currencies issued by firms, known as "initial coin offerings".
But last week a US regulator agreed to let two traditional exchanges, CME Group and CBOE Global Markets, begin trading in Bitcoin-related financial contracts.
The announcement from the Commodity Futures Trading Commission (CFTC) that it will allow investors to buy and sell "future" contracts in bitcoins - an agreement to buy the crypto-currency, for example, in three months time at a certain price - was seen as a watershed moment for Bitcoin.
Cambridge Global Payments director of global product and market strategy Karl Schamotta said that move was behind the latest rally: "The perception in households around the world that the CME and the CBOE are providing legitimacy to Bitcoin is really what is driving the massive rally here."
But Leonhard Weese, president of the Bitcoin Association of Hong Kong, said the rise in Bitcoin's value was "mostly motivated by fear of missing out and greed".
Bitcoins are created through a complex computer process known as mining, and then monitored by a network of computers across the world.
A steady stream of about 3,600 new bitcoins are created a day - with about 16.5 million now in circulation from a maximum limit of 21 million.