One week after Donald Trump made the surprising announcement that he hired former Goldman Sachs partner and Soros employee, Steve Mnuchin as his national finance chairman as he begins to roll out his presidential fundraising operation (Mnuchin has said he hopes to raise as much as $1 billion), Trump announced moments ago that he has picked Chris Christie to lead his transition team, which would prepare the political neophyte turned presumptive GOP nominee for the White House if he wins in the general election.

"We as a company are neutral - we have not and will not use our products in a way that attempts to influence how people vote."

That is a quote from a Facebook spokesperson given in response to a leaked internal poll which asked what responsiblity Facebook had in preventing Donald Trump from becoming the next president.

Sebastian Payne notes that David Cameron’s fear-mongering over “Brexit” is getting worse:

Mr Johnson’s rhetoric was more measured than Mr Cameron’s, who warned in his speech that voting to leave the bloc could lead to war. “Can we be so sure that peace and stability on our continent are assured beyond any shadow of doubt? Is that a risk worth taking? I would never be so rash as to make that assumption,” he said. The government’s “Project Fear” is turning into “Project Terror”.

Real demand for steel in China dropped at least 7% in April from the year before, according to Citigroup’s Tracy Liao estimates, so it should not be a total surprise that the frenzied speculative buying in Iron Ore, Rebar, and various other industrial metals in China has crashed back to reality as volumes plunge, dragging The Baltic Dry Freight Index with it as yet another government-manipulated 'signal' collapses into a miasma of malinvestment and unintended consequences.

John Kasich’s withdrawal from the presidential race should be a cause for concern among American Muslims American Muslims have a choice between presumptive Republican presidential nominee Donald Trump, who plans to kick them out of the U.S. or Democratic presidential hopeful Hillary Clinton, who plans to make the lives of fellow Muslims a misery if they live abroad, according to media establishment.