Yann Tessier

All views my own. Neither retweets nor hashtags are endorsements.

[Yann Tessier @Y_Tessier]

@miooo555 Hi. My name is Yann and I'm a journalists for Reuters news agency. I hope you are safe.
I'd very much like to do an interview with you about what you witnessed. Would you be willing to DM me your contact?

[Jonathan Pie @JonathanPieNews]

As The Foreign Secretary at the time of the leak, how did you not know of it?! What exactly are you shocked about?

[Emmanuel Macron @EmmanuelMacron]

Bonne fête nationale à toutes et tous.
Vive la République, vive la France !

[Emil Kastehelmi @emilkastehelmi]

On June 1, Ukraine conducted a successful operation targeting Russian strategic bombers and other aircraft.

Our battle damage assessment can confirm the following losses: 12 destroyed and 3 damaged aircraft, of which 14 are strategic bombers and 1 is a transport aircraft. 1/

[Robert Peston @Peston]

We just learned that the world’s most powerful person, Donald Trump, has a boss: the bond market.

He may not have acknowledged this to himself, yet, but the global financial tumult he caused - and has temporarily eased - has locked him in a fiscal prison.

Because, as I have been saying for 24 hours, he came perilously close yesterday to having caused such an extreme fall in the price of US government debt that it would have become prohibitively expensive for his administration to fund a large deficit - more than 6% of GDP - and also to refinance the almost $8 trillion of government debt that matures in the coming year (almost a third of America’s sovereign debt).

The point is he is totally in hock to the good will of bonds investors.

And when he announced his reckless roster of massive tariffs eight days ago he alienated them, because they feared he would tank the economy such that tax revenues would plummet and the deficit would balloon.

So they sold US government bonds, Treasuries, and the yield on the bonds - the de facto interest rate - soared.

Which is why Trump blinked, and put on hold the more extreme tariffs, except for the 140% on China, for 90 days.

You might think the worst part of this is the uncertainty he has created for businesses and investors for the next 90 days. Since no one in their right minds would make a major US investment till the final tariff determinations are made.

But the cancerous uncertainty is not the worst of it.

The worst of it is he has shredded any respect that overseas governments and investors might have had for America’s economic and fiscal competence.

Shades - you might say - of how Truss and Kwarteng’s unwise unfunded tax cuts undermined the perceived fiscal competence of the UK.

But unlike Truss and Kwarteng, there is pretty much no mechanism for removing Trump.

All of which means that bond and stock markets will remain fragile and volatile - fearful that Trump will regain his mojo and engage in some other fiscal extravagance.

He has also handed a loaded gun to his perceived enemy, China, and his supposed ally Japan.

This matters in both cases, because he is engaged in the mother of all trade wars with China - and Japan wants a trade deal with him that would see it escape mega tariffs.

The loaded guns they have are their massive loans to the US government. Japan owns more than a trillion dollars of US Treasuries and China not much less.

If they were to sell those bonds, or even if they chose not to refinance maturing bonds, that could be a disaster for Trump. Because it could cause another potentially crippling spike in bond yields.

Here is the measure of Trump’s debacle.

He may well have trashed America’s single most important financial competitive advantage, namely that investors have traditionally bought the dollar and US Treasuries at a time of economic and political uncertainty.

No more - because he personally has become the world’s source of economic uncertainty snd anxiety.

So, as I say he, is now in a fiscal prison. And if bond investors, including Japan and China, see him imposing tariffs or cutting taxes in ways they don’t like, they learned yesterday they have the means and power to stop him.

[Yann Tessier @Y_Tessier]

@LeShuttle_Help Hello. Can you give an update on this morning’s delays, what is causing them and what the wajting time is. Thanks you.

[Reuters Press Team @ReutersPR]

Reuters Editor-in-Chief Alessandra Galloni gives statement on killing of Reuters video journalist Issam Abdallah

[Carlos Abadi @NewSamawal]

The logo designed by the Jewish community of Rome. Powerful.

[Led By Donkeys @ByDonkeys]

It’s time for Labour to remember its roots and reinstate the right to peaceful protest.

Thanks to @ChrisGPackham for the narration

Location: HMP Wormwood Scrubs

[Dominic Grieve @dominicgrieve_]

I now want to look in more detail at Jenrick's nasty propaganda video.
It starts with a few examples of cases to make people angry. But those examples are in fact irrelevant to the case he is trying to make.

Jenrick has been an Immigration minister. He must know that the main problem with illegal or irregular migration is that when a person comes here and claims asylum, they may get it as a bona fide refugee in which case they can stay. That has nothing to do with the ECHR. It is a consequence of our domestic law and the Refugee Convention. He makes no suggestion we should leave it.
For those whose application is refused the main problem is that it is very difficult to return them to their countries of origin which will often not co-operate particularly if documents have been destroyed.
So leaving the ECHR will have minimal impact on the problem he claims to be addressing.

[Yann Tessier @Y_Tessier]

@lokshensoupjek Your missus must absolutely believe everything she reads on X. Every single thing.

[Gregg Carlstrom @glcarlstrom]

A few scattered thoughts, starting with a mea culpa: one thing I clearly got wrong in recent months was underestimating how much Israel was willing to take escalatory risks in Lebanon, and assuming there was some threshold at which Hezbollah would be compelled to respond. 🧵

[Tim Walker @ThatTimWalker]

Yeah, because we chose Brexit.

[Tim Walker @ThatTimWalker]

All the Mail serialisation of Johnson’s book is showing is that we were led by a raving nutter.

[Nicolas Meilhan @NicolasMeilhan]

Si vous voulez soutenir @Duralex, n'hésitez pas à aller faire un tour chez @Leclerc : je suis allé faire une razia aujourd'hui avec 4 verres pour 5€ : le made in France de nos fleurons industriels est à la portée de tous et ils ont besoin de nous !

[Yann Tessier @Y_Tessier]

Wrong and the image is wrong. Today's went from St James to the Israeli Embassy, attended by at least 25,000 people: a big demo. The video below is a previous protest. from London to the US embassy. The weather in London today was cloudy, not sunny. #fakenews

[Casual Geopolitics @Adamemedia]

Over 1 MILLION people gathered in London to protest Israel’s genøcide ✊🏻

This represents 1/8 of the population of London!

And is one of the largest protests in the history of Great Britain 🇬🇧🇵🇸

[Patrick Reevell @Reevellp]

We spent a couple days up on the Ukrainian side of the border with Kursk last week as Ukraine conducts its offensive into Russia.
A few impressions. 🧵

[Reform UK Exposed 🇬🇧 @reformexposed]

Reform UK’s new councillor @woodlinkin being congratulated by @TiceRichard yesterday. Here he is with Katy Hopkins and Richard.

You may have wanted to vet this one.

Let’s explore Alan Abernethy’s views…

[Ricky Gervais @rickygervais]

Everyone has the right to believe anything they want. And everyone else has the right to believe that those beliefs are fucking ridiculous. Cheers.

[Liverpool Echo @LivEchonews]

Faces of 11 men police want to speak to after Merseyside riots👇🧵
https://t.co/OQ7J0pkV8r