“Someone Got Lucky”: The Mystery of a Billion Dollar Trump Trade

SDNY's Risky Future • The Far Right Goes to D.C. • Steyer Eyes 2020 Bid [View this email in your browser]( [Advertisement]( [Powered by LiveIntent]( [AdChoices]( “Someone Got Lucky”: The Mystery of a Billion Dollar Trump Trade Good morning! It was another tumultuous day for Donald J. Trump, dear reader: His go-to bank is [melting down](; his [old homey]( Jeffrey Epstein is [in jail](; and his new pal Elliott Broidy is [facing another federal investigation](. But who wants to talk about yesterday’s news, anyway? Today, we lead with William D. Cohan’s riveting investigation into a mysterious futures contract tied to Trump’s meetings at the G20, which was worth more than $1 billion after the president eased off his trade war with China. “Are there any hedge fund traders that might have been tipped off?” wonders one Wall Street insider. Plus: Chris Smith reports on how the Trumpification of the Justice Department could infect the SDNY. We hope that you’re enjoying what you’re reading. Have a great day! [Donald Trump and President Xi Jinping]( [“Who Knew Trump Would Offer a Truce With Xi?”: The Mystery of the Wall Street Trump Trades]( By [William D. Cohan]( [Traders are talking about big options bets in advance of the president and others making news. Could they be related? “Maybe someone got lucky—or listened in to those private meetings.”]( [“It Would Be Ridiculously Naive Not to Be Concerned”: Trump Has Politicized the DOJ. How Long Can the SDNY Hold Out?]( By [Chris Smith]( [The battles over the border and the census show that the West Wing is fully in control of Justice. “The fear is that Trump doesn’t even need to say it out loud anymore.”]( [Billionaire Tom Steyer Still Wants What He Can’t Buy: The Presidency]( By [Tina Nguyen]( [Steyer is worth $1.6 billion and has access to some 8 million voters through Need to Impeach. But as last month’s debates showed, a televised platform is priceless.]( [Trump’s “Social Media Summit” Is a Far-Right Troll Convention]( By [Alison Durkee]( [The president will likely use the event to wage war against social media companies' supposed “censorship” of conservative voices.]( [From the Archive: The Trouble With Andrew]( [With Jeffrey Epstein back in the news, revisit Edward Klein’s classic profile of Britain’s Prince Andrew, once fourth in line to the throne, whose dissolute lifestyle, links to unsavory foreign potentates, and friendship with a registered sex offender remain a major P.R. problem for Buckingham Palace.]( [Advertisement]( [Powered by LiveIntent]( [AdChoices]( [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( This e-mail was sent to you by The Hive. To ensure delivery to your inbox (not bulk or junk folders), please add our e-mail address, vanityfair@newsletter.vf.com, to your address book. View our [Privacy Policy]( [Unsubscribe]( Copyright © Condé Nast 2019. One World Trade Center, New York, NY 10007. All rights reserved.