Today's Headlines

Bloomberg: 

• China Targets FedEx in ‘Warning’ to U.S.

• China to Lay out Position on Trade Talks on Sunday in Beijing.

• Trump Ends India’s Trade Designation as a Developing Nation.

• S&P 500 Closes Out Second-Worst May Since 1960s.

• Google(GOOGL) Is in U.S. Antitrust Sights as DOJ Gears Up for Probe.

• China Threatens Sweeping Blacklist of Firms After Huawei Ban.

• Crude Posts Worst May in Seven Years as Trade-War Anxiety Builds.

• Block.one Launches Social Media App as Facebook Preps Own Coin.

Wall Street Journal:

• Trump’s Tariffs Threat Prompts Outcry From Industry, Lawmakers.

• A Flood of Regulations Threatens to Leave California Dry.

• iPhone Privacy Is Broken…and Apps Are to Blame.

• Congress Can’t Outsource Impeachment.

• Factories Stall on Strong Dollar, Trade Tensions.

• U.S. Will Face China’s Behavior in Asia Directly, Defense Secretary Says.

Barron's:

• Had bullish commentary on (HCP), (AVGO), (WELL), (Z), (GIS) and (VTR).

MarketWatch.com:

• China Holds Rare Earths Hostage, but Don’t Panic.

Fox News:

• Police identify all 12 victims of Virginia Beach shooting, describe shooter as engineer for city.

• Here’s the real thing stopping Democrats from impeaching Trump.

CNBC: 

• Mexico won’t retaliate against Trump tariffs until threat seems more serious, trade official says.

• Luxury online reseller The RealReal files for IPO.

• Mnuchin and Lighthizer opposed Trump tariffs on Mexico, source says.

• Business groups are considering legal action against the White House over Mexico tariffs.

Zero Hedge:

• Trump Administration Deploys Dozens Of DHS Agents To Guatemala-Mexico Border.

• 11 Killed In Shooting At Virginia Beach Municipal Center; Suspect Confirmed Dead.

• Obama Lies About US Gun Laws - Then Gets Awkward Applause.

• Leftist Professor Who Nailed Last 9 Elections Says Trump Wins 2020 Unless Democrats Impeach.

• Trump Declares War On Silicon Valley: DoJ Launches Google Anti-Monopoly Probe.

• As Quant Funds Shutter, Stevie Cohen Doubles Down.

• Are You A Petty Criminal? Canada Just Stopped Prosecuting Minor Crimes.

• Heineken Balks After Baseball Team Depicts AOC As "Enemy Of The People" In Patriotic Ad.

• Bernie Supporters Say DNC Sabotaging Him Again By Promoting Biden.

• Trade Turmoil Wipes $5 Trillion Off Global Stocks In Worst May Since 2010.