President Donald Trump on Wednesday hammered California for its so-called sanctuary immigration policies, in what appeared to be his latest push to embolden his base leading into the midterm elections.
President Donald Trump speaks during a roundtable on immigration policy in California, in the Cabinet Room of the White House, Wednesday, May 16, 2018, in Washington. (AP Photo/Evan Vucci)
As the debate over immigration heats up on Capitol Hill, Trump surrounded himself with mayors, sheriffs and other local leaders from California who oppose the state's immigration policies and who applauded his administration's hard-line efforts.
"This is your Republican resistance right here against what they're doing in California," said California Assemblywoman Melissa Melendez, coopting a term used by Democrats opposed to Trump's presidency. She, like others, said the president and his policies were far more popular in the state than people realize.
"It's a crisis," Melendez said of the situation.
They were responding to legislation signed into law by Gov. Jerry Brown last year that bars police from asking people about their immigration status or helping federal agents with immigration enforcement. Jail officials can transfer inmates to federal immigration authorities if they have been convicted of one of about 800 crimes, mostly felonies, but not for minor offenses.
Brown insists the legislation, which took effect Jan. 1, doesn't prevent federal immigration officials from doing their jobs. But the Trump administration has sued to reverse it, calling the policies unconstitutional and dangerous. Some counties, including San Diego and Orange, have voted to support the lawsuit or passed their own anti-sanctuary resolutions.
Republicans see backlash to the law as a potentially galvanizing issue during the midterm elections, especially with Trump's anti-immigrant base. And Trump has held numerous events in recent months during which he's drawn attention to California's policies.
During Wednesday's session, Trump thanked the officials, saying they had "bravely resisted California's deadly and unconstitutional sanctuary state laws." He claimed those laws are forcing "the release of illegal immigrant criminals, drug dealers, gang members and violent predators into your communities" and providing "safe harbor to some of the most vicious and violent offenders on earth."
Trump also claimed opposition to the policies was growing, insisting, "There's a revolution going on in California." He referred to some who cross the border illegally as "animals," not people.
President Donald Trump listens during a roundtable on immigration policy in California, in the Cabinet Room of the White House, Wednesday, May 16, 2018, in Washington. (AP Photo/Evan Vucci)
Brown responded on Twitter, writing that Trump "is lying on immigration, lying about crime and lying about the laws of CA."
The Democratic governor added: "Flying in a dozen Republican politicians to flatter him and praise his reckless policies changes nothing. We, the citizens of the fifth largest economy in the world, are not impressed."
The event came as top House Republicans worked to head off an attempt by party moderates to force roll calls on four immigration bills. Republican leaders privately warned GOP lawmakers Wednesday that such a drive could damage the party's prospects in the fall's congressional elections by dispiriting conservative voters, according to people at the closed-door meeting.
The House leaders fear the winning legislation would be a compromise bill backed solidly by Democrats but opposed by most Republicans, an outcome that could anger conservatives, according to Rep. Jeff Denham, R-Calif., a leader of the effort to force the immigration votes.
House Majority Leader Kevin McCarthy, R-Calif., issued the warning, said a second person who was in the room and spoke on condition of anonymity to describe the private conversation.
Asked about his remarks, McCarthy said his objection to the procedure was that it would in effect "turn the floor over" to Democrats.
House Speaker Paul Ryan said the petition would be "a big mistake" that would "disunify our majority." He said the leaders were "working with the administration."
The moderates said later Wednesday that House leaders were trying to end the immigration standoff and that they could soon see a specific proposal on how to do that.
"We're willing to see what this looks like," said Rep. Carlos Curbelo, R-Fla., a leader of the lawmakers trying to force the House to address the issue. Conservatives had their own session with party leaders and also suggested there had been movement, but offered no specifics.
Attorney General Jeff Sessions speaks during a roundtable on immigration policy in California, in the Cabinet Room of the White House, Wednesday, May 16, 2018, in Washington. (AP Photo/Evan Vucci)
Many of the legislators demanding action face potentially competitive re-election races in congressional districts with large numbers of Hispanic, suburban or agriculture-industry voters with pro-immigration views.
Earlier this year, competing bills aimed at protecting young immigrants and toughening border security — including one backed by Trump — collapsed in the Senate. The measures never received House votes.
The discussion also comes as the Trump administration is under fire for a new policy that is expected to increase the number of children separated from their parents when families cross the border illegally.
Trump, in his remarks, wrongly blamed Democrats for forcing his administration's hand.
"I know what you're going through right now with families is very tough," he told Homeland Security Secretary Kirstjen Nielsen, "but those are the bad laws that the Democrats gave us. We have to break up families ... because of the Democrats. It's terrible."
But no law "the Democrats gave us" mandates the separation of children from their parents at the border. The administration is using protocols described in a 2008 law designed to combat child trafficking that gave special protections to Central American children at the border. While the bill was authored by Democratic Sen. Dianne Feinstein, it unanimously passed both houses of Congress and was signed by Republican President George W. Bush as one of his last acts in office.
Nielsen on Tuesday defended the practice, telling a Senate committee that removing children from parents facing criminal charges happens "in the United States every day."
Trump also told Nielsen that she was "doing a good job," one week after berating her during a cabinet meeting for failing to halt border crossings.
Feinstein issued a statement accusing the Trump administration of "once again attempting to divide Californians and all Americans with today's White House meeting."
"Their decision to convene this meeting is about fueling fear of immigrants and scapegoating entire communities," she said.
OMAHA, Neb. (AP) — Warren Buffett cautioned the tens of thousands of shareholders who packed an arena for his annual meeting that artificial intelligence scams could become "the growth industry of all time."
Doubling down on his cautionary words from last year, Buffett told the throngs he recently came face to face with the downside of AI. And it looked and sounded just like him. Someone made a fake video of Buffett, apparently convincing enough that the so-called Oracle of Omaha himself said he could imagine it tricking him into sending money overseas.
The billionaire investing guru predicted scammers will seize on the technology, and may do more harm with it than society can wring good.
“As someone who doesn't understand a damn thing about it, it has enormous potential for good and enormous potential for harm and I just don’t know how that plays out,” he said.
The day started early Saturday with Berkshire Hathaway announcing a steep drop in earnings as the paper value of its investments plummeted and it pared its Apple holdings. The company reported a $12.7 billion profit, or $8.825 per Class A share, in first the quarter, down 64% from $35.5 billion, or $24,377 per A share a year ago.
But Buffett encourages investors to pay more attention to the conglomerate’s operating earnings from the companies it actually owns. Those jumped 39% to $11.222 billion, or $7,796.47 per Class A share, led by insurance companies’ performance.
None of it that got in the way of the fun.
Throngs flooded the arena to buy up Squishmallows of Buffett and former Vice Chairman Charlie Munger, who died last fall. The event attracts investors from all over the world and is unlike any other company meeting. Those attending for the first time are driven by an urgency to get here while the 93-year-old Buffett is still alive.
“This is one of the best events in the world to learn about investing. To learn from the gods of the industry,” said Akshay Bhansali, who spent the better part of two days traveling from India to Omaha.
Devotees come from all over the world to vacuum up tidbits of wisdom from Buffett, who famously dubbed the meeting ‘Woodstock for Capitalists.’
But a key ingredient was missing this year: It was the first meeting since Munger died.
The meeting opened with a video tribute highlighting some of his best known quotes, including classic lines like “If people weren't so often wrong, we wouldn't be so rich.” The video also featured skits the investors made with Hollywood stars over the years, including a “Desperate Housewives” spoof where one of the women introduced Munger as her boyfriend and another in which actress Jaimie Lee Curtis swooned over him.
As the video ended, the arena erupted in a prolonged standing ovation honoring Munger, whom Buffett called “the architect of Berkshire Hathaway.”
Buffett said Munger remained curious about the world up until the end of his life at 99, hosting dinner parties, meeting with people and holding regular Zoom calls.
“Like his hero Ben Franklin, Charlie wanted to understand everything,” Buffett said.
For decades, Munger and Buffett functioned as a classic comedy duo, with Buffett offering lengthy setups to Munger's witty one-liners. He once referred to unproven internet companies as “turds.”
Together, the pair transformed Berkshire from a floundering textile mill into a massive conglomerate made up of a variety of interests, from insurance companies such as Geico to BNSF railroad to several major utilities and an assortment of other companies.
Munger often summed up the key to Berkshire’s success as “trying to be consistently not stupid, instead of trying to be very intelligent.” He and Buffett also were known for sticking to businesses they understood well.
“Warren always did at least 80% of the talking. But Charlie was a great foil,” said Stansberry Research analyst Whitney Tilson, who was looking forward to his 27th consecutive meeting.
Munger's absence, however, created space for shareholders to get to know better the two executives who directly oversee Berkshire's companies: Ajit Jain, who manages the insurance units; and Abel, who handles everything else and has been named Buffett's successor. The two shared the main stage with Buffett this year.
The first time Buffett kicked a question to Abel, he mistakenly said “Charlie?” Abel shrugged off the mistake and dove into the challenges utilities face from the increased risk of wildfires and some regulators' reluctance to let them collect a reasonable profit.
Morningstar analyst Greggory Warren said he believes Abel spoke up more Saturday and let shareholders see some of the brilliance Berkshire executives talk about.
Abel offered a twist on Munger's classic “I have nothing to add” line by often starting his answers Saturday by saying “The only thing I would add.”
“Greg's a rock star,” said Chris Bloomstran, president of Semper Augustus Investments Group. "The bench is deep. He won’t have the same humor at the meeting. But I think we all come here to get a reminder every year to be rational.”
Buffett has made clear that Abel will be Berkshire's next CEO, but he said Saturday that he had changed his opinion on how the company's investment portfolio should be handled. He had previously said it would fall to two investment managers who handle small chunks of the portfolio now. On Saturday, Buffett endorsed Abel for the gig, as well as overseeing the operating businesses and any acquisitions.
“He understands businesses extremely well. and if you understand businesses, you understand common stocks,” Buffett said. Ultimately, it will be up to the board to decide, but the billionaire said he might come back and haunt them if they try to do it differently.
Overall, Buffett said Berkshire's system of having all the noninsurance companies report to Abel and the insurers report to Jain is working well. He himself hardly gets any calls from managers anymore because they get more guidance from Abel and Jain.
“This place would work extremely well the next day if something happened to me,” Buffett said.
For more AP coverage of Warren Buffett look here: https://apnews.com/hub/warren-buffett. For Berkshire Hathaway news, see here: https://apnews.com/hub/berkshire-hathaway-inc. Follow Josh Funk online at https://www.twitter.com/funkwrite and https://www.linkedin.com/in/funkwrite.
From left, D'Ann Rhoten takes a photo of Brittany Thornton and Melissa Shapiro in the exhibit hall of the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Amy Keady of Frederick, Maryland, holds her son, Ben, 11, as they wait in line outside the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Jennifer Cua of Las Vegas sits with her purchases from Squishmallows during the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Shareholder Tina Schmidt of Cozad, Neb., wears a shirt with Warren Buffett's portrait in the style of an Andy Warhol painting at he Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
See's Candies associates, including Holly Pellicano of San Francisco, center, do yoga together before shareholders arrive for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Bart Macdonald of New York City takes photos of the BNSF Railway model train display during the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Valerie Deichert of Omaha, left, assists shareholders with their purchases from the Oriental Trading booth during the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Shareholders find their seats for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Harold and Caroline Ernst of St. Louis chat with fellow shareholders as they wait for the Berkshire Hathaway annual meeting to begin on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Michelle King of San Francisco does yoga in the See's Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Berkshire Hathaway shareholders pose with the mascot for one of its companies, Oriental Trading, while the more famous spokeslizard for Geico insurance looms over their shoulder, Friday, May 3, 2024, in Omaha, Neb. CEO Warren Buffett will spend hours answering questions at the meeting on Saturday. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders pose with a cutout poster of CEO Warren Buffett Friday, May 3, 2024, in Omaha, Neb., inside the exhibit hall in Omaha where Berkshire companies sell their products. Buffett will spend hours answering questions at the meeting Saturday. (AP Photo/Josh Funk)
Daegwon Kim of South Korea, who arrived in line at 3:30 a.m., takes photos of the crowd behind him outside the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)
Berkshire Hathaway Vice Chairman Greg Abel poses with shareholders Friday, May 3, 2024, in Omaha, Neb. Abel is set to be the next CEO after Warren Buffett is gone. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders watch a model BNSF train run past a model town filled with other Berkshire companies Friday, May 3, 2024, in Omaha, Neb. Buffett will spend hours answering questions at a meeting Saturday. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders line up to take selfies with Greg Abel Friday, May 3, 2024, in Omaha, Neb. Abel will one day replace Warren Buffett as CEO. (AP Photo/Josh Funk)
Berkshire Hathaway investment manager Ted Weschler, center, talks with Brooks Running CEO Dan Sheridan, Friday, May 3, 2024, in Omaha, Neb., one day ahead of the annual shareholders meeting. (AP Photo/Josh Funk)
Berkshire Hathaway shareholders pose with a cutout poster of CEO Warren Buffett, Friday, May 3, 2024, in Omaha, Neb., one day ahead of the annual shareholders meeting. (AP Photo/Josh Funk)
Berkshire Hathaway Vice Chairman Greg Abel poses for pictures with shareholders while touring the booths Berkshires companies set up, Friday, May 3, 2024, in Omaha, Neb. Abel will succeed Warren Buffett as CEO one day. (AP Photo/Josh Funk)
Berkshire Hathaway Vice Chairman Greg Abel checks out the flight simulators offered by one of Berkshires companies, Flight Safety as he toured the exhibit hall Friday, May 3, 2024, in Omaha, Neb. ahead of Saturday's meeting. Abel is set to succeed Warren Buffett as CEO one day. (AP Photo/Josh Funk)
