Mccain's Death Leaves Void
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****** MONDAY, AUGUST 27, 2018 ~ VOL. CCLXXII NO. 48 WSJ.com HHHH $4.00 Last week: DJIA 25790.35 À 121.03 0.5% NASDAQ 7945.98 À 1.7% STOXX 600 383.56 À 0.7% 10-YR. TREASURY À 13/32 , yield 2.826% OIL $68.72 À $3.51 EURO $1.1622 YEN 111.23 What’s Trump News Banking Business&Finance Board usk made his decision Nominee Mto drop a plan to take Tesla private after coming to have doubts as a deal team Imperiled hustled to give the idea form, according to people BY NICK TIMIRAOS familiar with the matter. A1 JACKSON HOLE, Wyo.— The profitable trade in Some European officials are a group of U.S. and Asian objecting to the candidacy of a tech giants is beginning to top Federal Reserve official to fracture, reflecting esca- helm an international regula- lating U.S.-China trade tory body, soured by President tensions and economic and Trump’s antagonistic posture market uncertainties. B1 toward international institu- Goldman is leading a tions at foreign summits this pack of investment banks summer, according to people that are elbowing into the familiar with the matter. crucial stock-exchange busi- Randal Quarles, the Fed’s ness of end-of-day trading. B1 vice chairman for bank super- vision, had emerged as a A proliferation of bev- front-runner this spring to erages that don’t fit within lead the Financial Stability traditional drinks catego- Board, a body formed in 2009 ries is confusing shoppers J. DAVID AKE/ASSOCIATED PRESS to monitor and advise govern- and challenging manufac- Flags flew at half-staff Sunday at the Capitol in Washington in honor of Sen. John McCain, 81, who died Saturday at his home near ments on financial regulation, turers and retailers. B1 Sedona, Ariz., of a brain tumor. Mr. McCain will lie in state at the Arizona Capitol on Wednesday and at the U.S. Capitol on Friday. when the term of the current Natural-food and spe- chairman, Bank of England cialty chains expecting to Gov. Mark Carney, expires in be hurt by Amazon’s ac- December. quisition of Whole Foods McCain’s Death Leaves Void But officials in several have instead seen growth Western European capitals a year after the deal. B2 later argued that a U.S. official championed the troop surge in bust internationalism pro- shouldn’t be rewarded with Chinese ride-hailing Senator was driving Iraq, intervention in Afghani- pounded by Mr. McCain toward the position after Mr. Trump firm Didi temporarily force for a foreign stan, deep ties and joint exer- a more limited role for the U.S. lashed out at both the Group halted one of its services cises with allies from Japan to advocated by President Trump. of Seven summit in Canada in after police said a Didi policy based on U.S.- Europe and an unwavering an- Skeptics often express doubt June and the NATO summit in driver raped and killed a led internationalism tagonism toward Russia. over the wisdom of the Iraq war Brussels in July. passenger. B3 On Saturday, the McCain as well as the costs of the alli- European diplomats were China is using aSany- BY GORDON LUBOLD family said the 81-year-old sen- ances and relationships through dismayed after Mr. Trump run factory as a model for ator died of cancer at his Ari- which the U.S. has exercised pulled his support from a final its drive to make domestic WASHINGTON—The death of zona home, surrounded by his power and kept adversaries in G-7 communiqué after he left firms more competitive by Sen. John McCain will leave loved ones. Washington awoke check. early the June summit in Que- using robots, big data and Congress without perhaps its on Sunday to an outpouring of CAROLYN KASTER/ASSOCIATED PRESS Mr. McCain, along with his bec. Mr. Trump grew irritated other tech advances. B3 loudest voice in support of the grief and condolences, with AWarHero longtime ally in the Senate, after Prime Minister Justin robust, U.S.-led international- flags flying at half-staff, and Lindsey Graham (R., S.C.), saw Trudeau of Canada held a A dispute about who ism that has defined the coun- leaders from both sides of the those partnerships as the only news conference at the confer- should pay for a troubled And GOP Icon try’s security relations since political aisle honoring his way to sustain U.S. foreign pol- ence’s conclusion, where he South Carolina power World War II. years of service as a Navy pilot, icy. Mr. McCain harshly criti- warned Canada wouldn’t be plant is part of a wider de- Sen. John McCain, 81, survived Mr. McCain, throughout his a prisoner of war and above all, cized Mr. Trump’s failure to em- pushed around by the U.S. bate about the right level torture in Vietnam to become a career, was a driving force be- a congressional champion of a brace more forcefully the North Mr. Trump later delivered of public support for the leading figure in his party..... A6 hind the interventionist wing of strong, U.S. military with global Atlantic Treaty Organization al- blunt critiques of European U.S. nuclear industry. B4 the Republican Party, a faction reach. liance and the president’s re- PleaseturntopageA2 that views overseas alliances Mr. McCain will lie in state in ton’s National Cathedral and in fusal to sign a joint communi- World-Wide and troop commitments as a the Arizona Capitol on Wednes- Annapolis, Md., where he will qué among the Group of Seven Bob Davis: How to view stabilizing force in the day, which would have been his be interred. industrialized nations during a Trump's call for zero tariffs... A2 world. Over his decadeslong ca- 82nd birthday. Memorial ser- Many leading Republicans summit this summer. Central bankers discuss new Pope Francis wouldn’t re- reer as a political leader, he vices are scheduled at Washing- have turned away from the ro- PleaseturntopageA6 economic risks.......................... A2 spond to claims by a former Vatican ambassador to the U.S. that he covered up al- leged misconduct by a prom- In Drinks Market, Lots of Liquidity inent cardinal, amid a deep- Pope Knew of Alleged Abuse Beverage makers, including PepsiCo and Coca-Cola, are increasingly ening crisis over abuse. A1 moving away from their traditional drinks to meet shifting consumer tastes for products such as teas and coconut water. B1 Trump’s antagonistic posture toward international For Years, Archbishop Says Production volume institutions soured some Eu- ropean officials on Quarles’s PepsiCo Coca-Cola BY FRANCIS X. ROCCA lomat, claimed the pope knew candidacy to helm an interna- Catholic Church’s handling of as early as 2013 about allega- sexual-abuse scandals in Ire- 8 billion gallons tional regulatory body. A1 A former Vatican ambassa- tions that the former arch- land and elsewhere. Iran’s parliament dor to the U.S. accused Pope bishop of Washington, ex-Car- An attorney for ex-Cardinal ousted the economy minis- Francis of covering up alleged dinal Theodore McCarrick, had McCarrick said: “These are se- 6 ter, stepping up an over- misconduct by a prominent car- been sexually active with semi- rious allegations. Archbishop Other haul of Rouhani’s cabinet dinal and called on him to re- narians and that Pope Benedict McCarrick, like any other per- amid opposition to his re- sign, deepening a crisis over XVI had privately disciplined son, has a right to due pro- 4 sponse to U.S. sanctions. A7 sexual abuse that is increasingly him over the charges. Arch- cess. He looks forward to in- An Iranian-British char- overshadowing his pontificate. bishop Viganò alleged that voking that right at the ity worker returned to The pope said he wouldn’t Pope Francis had ignored then- appropriate time.” 2 prison after she was re- respond. “I won’t say a word Cardinal McCarrick’s record Now-Archbishop McCarrick fused an extension to her about it,” he said aboard a and rehabilitated him as a pow- resigned as a cardinal this Soft drinks temporary release. A7 flight from Dublin to Rome on erful figure in the U.S. church. July, the first to do so in 0 Sunday night. The explosive accusations nearly a century, after a The president’s job-ap- 1980 ’90 2000 ’10 ’80 ’90 2000 ’10 proval rating remained In a letter published on two against the pope came amid church investigation found stable amid criminal con- Catholic websites, Archbishop an already-delicate papal visit credible a charge that he had Note: ‘Other’ includes fruit, sports, energy, bottled water, tea and coffee drinks. victions and guilty pleas Carlo Maria Viganò, a former to Ireland, which has been sexually abused a teenager Source: Beverage Marketing Corp. THE WALL STREET JOURNAL. by two former advisers, senior Vatican official and dip- dominated by criticism of the PleaseturntopageA9 new polling found. A4 The U.S. and Mexico neared an agreement on Mike Pompeo Shows His Swagger: INSIDE key issues holding back a The Unraveling of renegotiation of Nafta. A4 He Adopts the Word for His Staff iii A gunman killed two people and injured nine at State Department incursion into pop Musk’s Tesla Plan a videogame tournament in Jacksonville, Fla., be- culture draws notice from hip-hop world fore killing himself. A3 Confident tweets masked private doubts A federal judge struck JONATHAN ERNST/REUTERS down parts of three BY JESSICA DONATI word searches for “swagger” Trump executive orders and couldn’t figure out why. NEIL SIMON, BY LIZ HOFFMAN tweets suggested.