Trump: JPMorgan Chase CEO doesn't have the 'smarts' to become president

Scott Olson/Getty Images(WASHINGTON) -- President Donald Trump shot back at JPMorgan Chase CEO Jamie Dimon, saying the banker doesn't have the "smarts" to run for president.

"The problem with banker Jamie Dimon running for President is that he doesn’t have the aptitude or 'smarts' & is a poor public speaker & nervous mess - otherwise he is wonderful," the president said in a tweet Thursday morning.

The president's dig at Dimon comes after he said in a panel Wednesday that he would be able to beat Trump in an election because he is "smarter than" Trump is.

Dimon quickly backtracked in an interview with ABC News' Rebecca Jarvis on Wednesday.

Following Wednesday's event, in which JPMorgan Chase announced a new initiative to economically advance select cities around the world, the bank also released a statement to walk back Dimon's comments.

"I should not have said it. I’m not running for president. Proves I wouldn’t make a good politician," said Dimon in the statement. "I get frustrated because I want all sides to come together to help solve big problems."

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Responding to leaks, Google denies political bias

Google(NEW YORK) -- As tech giants face mounting criticism from conservatives, Google is denying political bias after two notable leaks.

Breitbart on Wednesday published leaked video of a town-hall-style meeting with employees shortly after the 2016 election, in which Google executives appeared dismayed at President Trump's win. Google co-founder and Alphabet President Sergey Brin described the results as "pretty upsetting," while Google Senior Vice President of Global Affairs Kent Walker described a global political environment of "tribalism."

Google sought to contextualize the meeting -- and refute any implication of bias -- in a statement to ABC News.

"At a regularly scheduled all hands meeting, some Google employees and executives expressed their own personal views in the aftermath of a long and divisive election season. For over 20 years, everyone at Google has been able to freely express their opinions at these meetings," a Google spokesperson said. "Nothing was said at that meeting, or any other meeting, to suggest that any political bias ever influences the way we build or operate our products."

It was the second leak this week to hit the search giant.

On Monday, Fox News and Breitbart reported on a leaked email from Google's multicultural marketing chief, sent just after the 2016 election, referencing Google's efforts to boost Latino turnout.

"We pushed tp [sic] get out the Latino vote with our features, our partners, and our voices. We kept our Google efforts non-partisan and followed our company’s protocols for the elections strategy," read the email from Google's Eliana Murillo, sent Nov. 9, 2016, according to Breitbart.

The email went on to reference a Google partnership with the group Voto Latino, to pay for rides to the polls, referring to Google's activity as a "silent donation," and expressing surprise that 28 percent of Latinos voted for President Trump.

Google denied bias -- but seemed to confirm the email -- in a response to ABC News.

"The suggestion that Google's products or actions are politically biased is simply wrong," a Google spokesperson said, citing previous Google efforts to provide Americans with information about voting. "The employee's email is an expression of her personal political views about the outcome of the 2016 election and those views do not reflect any official stance by the company. We have nearly 90,000 employees comprising a broad array of political affiliations. The email itself explicitly notes that she is speaking personally, and that Google’s efforts were non-partisan."

Tech giants have faced rising criticism from conservatives, particularly as Trump has taken aim at them.

Trump has called Google results "RIGGED," accused Twitter of "'SHADOW BANNING' prominent Republicans," and accused Google, Twitter and Facebook of trying to "silence" swaths of the country. Congressional Republicans have also weighed in.

Twitter, in particular, has drawn Republican's ire after a handful of Republican lawmakers -- including influential House Intelligence Committee Chairman Devin Nunes, R-Calif.-- failed to appear in Twitter's automatically populated drop-down search results. Republicans publicly took aim at the social-media platform's so-called "shadow ban" practice, which has since been rectified. The company denied bias and explained its methods in a blog post.

Tech firms have begun to play a larger -- and more active -- role in politics, as Twitter and Facebook have each announced the suspensions of fake accounts aimed at influencing U.S. politics, as Google and Microsoft have worked to alert campaigns of attempted hacks. Google was notably absent from a Senate Intelligence Committee hearing in September -- after it declined to send top leadership alongside Facebook Chief Operating Officer Cheryl Sandberg and Twitter CEO Jack Dorsey -- but Congress has taken a greater appetite in examining each of the companies, as the political ramifications of social media, search results and ad placement continue to draw public attention.

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'60 Minutes' exec Jeff Fager out at CBS as sexual misconduct allegations still under investigation

Brad Barket/Getty Images for Peabody(NEW YORK) -- Days after the CEO of CBS left the network giant, one of the executive producers of the channel's hallmark programs is also leaving.

Jeff Fager, the executive producer of "60 Minutes," is leaving the newsmagazine program "immediately," according to a note circulated to staff from CBS News President David Rhodes.

CBS News reported the change, quoting the note as saying that Fager "is leaving the company" after having served as the executive editor of "60 Minutes" since 2008.

Fager's departure comes three days after it was announced that CBS Chairman and CEO Leslie Moonves was leaving the company amid sexual misconduct allegations.

Fager faced accusations in a July report in The New Yorker about unwanted touching by employees, but he has denied those accusations.

In Wednesday's memo, Rhodes wrote that Fager's departure "is not directly related to the allegations surfaced in press reports, which continue to be investigated independently. However, he violated company policy and it is our commitment to uphold those policies at every level."

That said, Fager told CNN that CBS "terminated my contract early because I sent a text message to one of our own CBS reporters demanding that she be fair in covering the story."

"My language was harsh and, despite the fact that journalists receive harsh demands for fairness all the time, CBS did not like it," Fager said in the statement to CNN. "One such note should not result in termination after 36 years, but it did."

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Apple Watch introduced with FDA-approved heart rate features, fall detection

Apple(NEW YORK) -- Apple is focused on big screens -- and even bigger medical applications -- at its event, which introduces 3 new iPhones and a revamped Apple Watch with powerful diagnostic tools that have received government approvals.

Apple moves further into heart health with its latest smartwatch, offering a portable, over-the-counter electrocardiogram, or ECG, to monitor heart rate abnormalities, Jeff Williams, Apple's chief operating officer announced.

The company said it has two Food and Drug Administration approvals for the watch as a medical device -- for the do-it-yourself ECG and for the monitoring of irregular heart rate, which can be a sign of atrial defibrillation.

The new watch aims to help with the injuries that come from falls, too. It will be able to detect falls and take a 30-second echocardiogram, the first over-the-counter and portable monitor to do so.

The American Heart Association's president Ivor J. Benjamin took the stage to talk about how devices that offer real-time heart information are "changing the way we practice medicine."

He said, "patients report symptoms that are absent during their medical visits," and that the device would help monitor symptoms during real life activity.

The Apple Watch Series 4 is also thinner and has a larger screen. The new watch starts at $399 for GPS models, $499 for cellular -- which will be supported by 16 carriers -- and the Series 3 would sell at $279 per order. Series 4 orders can start on Friday, Sept. 14 and will be available on Sept. 21. It will be available in three finishes: stainless, gold and black. There's a fire face, water face and vapor face for display.

Apple is also releasing three new versions of its signature phones -- with the largest screens to date -- at its annual event on Wednesday.

The new models are the iPhone Xs, iPhone Xs Max and iPhone XR.

The company is doubling down on the large screen with the Xs Max at 6.5 inches and the update to last year's iPhone X -- the iPhone Xs -- at 5.8 inches. They’ll be available in silver, black and gold and with storage options of 64 GB, 256 GB or 512 GB.

The iPhone XR, sports a 6.1 inch-screen, will come in black, white, red, yellow, coral and blue with available storage at 64 GB, 128 GB and 256 GB.

All three new phones have eleminated the 'Home' button.

The event began at 1 p.m. EDT at the company’s new Cupertino campus, Apple Park.

For those choosing not to be early adopters, or anyone devoted to the home button, price cuts are expected on the older phones.

This is a developing story, please check back for updates.

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JPMorgan CEO regrets saying he could beat Trump, not planning to run for president

Jean Catuffe/GC Images(WASHINGTON) -- JPMorgan Chase CEO Jamie Dimon said he shouldn't have bragged about being able to beat Donald Trump, adding that his comments show he probably shouldn't run for president.

"I shouldn't have said that," Dimon told ABC's Rebecca Jarvis Wednesday in an exclusive interview after making the comments during a panel with her in New York.

Dimon was asked if he thought he could beat Trump in an election during an event to announce a new "Advancing Cities" initiative.

"Yeah. I do, yeah. Because I'm as tough as he is, I'm smarter than he is. I would be fine," Dimon said on the panel. "He could punch me all he wants, it wouldn't work with me. I'd fight right back."

Dimon added that the Democratic Party has "got to get their act together in terms of understanding how society actually works."

Dimon was announcing JPMorgan Chase's $500 million initiative to economically advance select cities around the world. The company said its goal is to attract an additional $1 billion from outside investors.

Following the event, the bank also released a statement from Dimon walking back his comments.

"I should not have said it. I’m not running for President. Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems," Dimon said in the statement.

But earlier during the event, Dimon took a swipe at Trump's inheritance and accomplishments as a businessman.

"I mean, I've said this before Trump was elected. You're not going to get a wealthy New Yorker elected president. Boy, I was dead wrong. And by the way, this wealthy New Yorker [pointing to himself] actually earned his money. It wasn't a gift from daddy," Dimon said.

"I grew up in a poorer part of Queens than he did, but I am a banker. I am part of the elite," Dimon continued. "I don't think the American public looks at Trump as part of the elite. They look at him as the upstart who punched the elite in the nose every day. And so I think -- I think I could beat Trump. I can't beat the liberal side of the Democratic party."

This is not the first time Dimon has taken back things he's said about Trump.

In November, when asked if he thought Trump would serve one or two terms, the CEO said if he "had to bet," Dimon thought Trump would only serve one term.

Dimon later said he wished he hadn't said that, adding, "I’m not a political expert."

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Departing CEO Les Moonves could get $100M from CBS, latest in huge golden parachutes for corporate chiefs

Tara Ziemba/Getty Images(NEW YORK) -- One of the country's most powerful media executives, Les Moonves, stepped down as CEO of CBS amid allegations of sexual harassment and assault, but he could get a payout of $100 million.

The possible huge severance payment, which is dependent on the outcome of an investigation of allegations against Moonves, continues a trend of departing CEOs often getting giant golden parachutes.

Moonves exited CBS on Sunday after six new allegations of sexual harassment and assault were published by The New Yorker and one by Vanity Fair.

These followed The New Yorker's reporting last month on six other sexual misconduct allegations against the CEO.

Moonves acknowledged to The New Yorker that three of the alleged sexual encounters happened but said they were consensual: “The appalling accusations in this article are untrue. What is true is that I had consensual relations with three of the women some 25 years ago before I came to CBS. And I have never used my position to hinder the advancement or careers of women. In my 40 years of work, I have never before heard of such disturbing accusations. I can only surmise they are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation, and my career."

If the allegations against Moonves, some of which date back decades, are confirmed by investigators hired by CBS, he would lose his $120 million severance, according to a Sept. 9 filing with the Securities and Exchange Commission.

However, if the investigation finds the allegations to be unfounded, he’ll take home $100 million, which will be held in a trust until then.

Moonves was supposed to get even more, $120 million. But $20 million of it is now to be donated immediately to organizations supporting women in the workplace, CBS announced Sunday.

“Moonves and CBS will donate $20 million to one or more organizations that support the #MeToo movement and equality for women in the workplace," CBS announced. "The donation, which will be made immediately, has been deducted from any severance benefits that may be due Moonves following the Board’s ongoing independent investigation.”

Golden parachutes, lucrative separation terms for corporate executives, started during an era of hostile corporate takeovers in the 1980s as a way for companies to lure talent by offering financial security.

Hostile takeovers are now mostly a thing of the past, but gargantuan severance agreements live on even in some cases when a CEO departs amid allegations of wrongdoing.

“Golden parachutes initially were a compensation package provided to corporate executives in the case of a corporate takeover,” University of Southern California Marshall School of Business professor Peer Fiss told ABC News. “In those situations the argument was 'Look, if you can’t protect my job security, provide me, as an executive, at least some financial compensation -- that takes away the risk for me.'”

Aside from large cash payouts and awards in terms of valuable stock, severance agreements can include unusual or very specific perks.

“Quite elaborate ones -- not just dental benefits, but use of the private helicopter, and all sorts of other things,” Fiss said.

“Some of these seem quite petty in hindsight. Jack Welch got box seats for the Boston Red Sox. You know, in the scope of things, that’s a very specific benefit. Why not just ... add it to the compensation?” Fiss said. “But in the end I think these are humans and they like certain things that they’ve gotten used to.”

United Airlines CEO Jeff Smisek resigned amid a federal corruption probe, but still got an exit package worth about $28.6 million, according to The Washington Post, which cited Bloomberg. He was not charged with any crime and denied any wrongdoing.

Smisek's severance package included lifetime free flights and keeping his company car, according to an SEC filing.

The federal corruption probe centered on allegations that United exchanged favors with the then-head of the Port Authority of New York and New Jersey, which operates all New York-area airports. The airline in 2016 struck a non-prosecution agreement with the Justice Department and paid $2.25 million in penalties.

CEOs who depart amid scandal can lose severance altogether. Steve Wynn, the Las Vegas casino owner received no severance when he parted ways with his namesake company in February amid sexual misconduct claims, according to an SEC filing. In his case, that meant missing out on $330 million in severance, according to a report last year from proxy-advisory firm Institutional Shareholder Services that was confirmed by The Wall Street Journal.

Wynn has denied the allegations and called them "preposterous." But he said and in his resignation announcement said that given the “avalanche of negative publicity” and “rush to judgment,” he could not “continue to be effective” in his roles.

Fox News Channel’s CEO Roger Ailes, who resigned amid sexual misconduct allegations, received a reported severance package of at least $40 million, according to The Wall Street Journal.

One of the most commented-upon cushy exit packages in media went to former Yahoo CEO Marissa Mayer. She left after a tumultuous run, which included two huge data breaches, after Verizon bought the company last year. She got a $23 million severance package, according to a company filing with the SEC.

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How Instagram's verification rollout will impact social media influencers

Anadolu Agency / Getty Images(NEW YORK) -- An elusive blue badge is a check mark of approval on social media that arguably everyone desires to obtain, yet only some can acquire.

The meaning behind the millimeter-sized symbol is quite simple: A verified profile acknowledges a person’s authentic presence online along with their influence on society.

For the most part, mainstream celebrities, notable public figures and global brands have had little to no difficulty meeting the criteria for verification. But some social media influencers, along with other users, have tried to leap through hurdles in order to gain a blue badge from each social media giant.

Instagram recently introduced a new portal that allows users who meet their standards to submit a request for a badge directly within the app. The roll out is part of a larger effort to improve user safety within the platform.

"We will review verification requests to confirm the authenticity, uniqueness, completeness and notability of each account," Instagram wrote in a statement. "You will need to provide your account username, your full name and a copy of your legal business identification. This information will not be shared publicly."

While there’s no guarantee that requests will be fulfilled, the portal has great potential for social media influencers specifically, who use the platform to promote content through paid partnerships.

What is a social media influencer?

Influencers are digital celebrities who have acquired thousands to millions of followers on social media platforms by sharing content that is synonymous with their lifestyle interests. They typically align with verticals such as fashion, fitness, beauty, music, food, gaming or entertainment.

Generally speaking, influencers’ bandwidths are categorized into three levels: micro (less than 50,000 followers), macro (more than 1 million followers) and mega (mainstream celebrities).

Social media influencers engage with their vast audience on a personal level, which sets them apart from most celebrities. This is appealing to advertisers.

Perhaps you follow Raven Gates, who is best known for her appearances competing for a rose on "The Bachelor" and "Bachelor in Paradise." She is a macro influencer.

"If I were to sell a product, my audience knows without a doubt I am a user, wearer and lover of the product or I wouldn’t be sharing," Gates explained. "A brand or company to reach out to me for an ad would have to mirror my life in a way that I wouldn’t be deceiving my followers by sharing the product with them."

Another macro influencer is musician Christian Collins, who has been creating content on various platforms for the past 13 years. He's racked up more than 3 million followers.

"I’ve been able to work with quite a few cool brands over the years," Collins said. "I try to create authentic partnerships with brands -- like it’s a brand that I really love to use, or I really enjoy. It's fun working with them to share the stuff with my audience."

Why influencer marketing works

Influencer marketing has evolved into a popular and effective form of advertising. To put it simply, it’s a paid partnership between social media influencers and a brand.

Influencers create relatable content -- essentially word-of-mouth endorsements -- about a company’s product or service on social media. In turn, consumers tend to value their opinions, which moves the needle on their purchasing decisions.

The monetary value for each campaign can vary depending on several factors: the platform influencers used, engagement metrics and how many followers they have.

In recent years, agencies have tapped into the gold mine of influencer marketing by designing applications that help companies send deals to influencers. Take for example Influential, a social data and conversion company that uses artificial intelligence powered by IBM Watson and machine learning to pair Fortune 1000 companies with digital celebrities.

“We’re using our technology, our data, to provide the most transparent sites to deliver on a campaign,” said Ryan Detert, CEO of Influential. “It’s not just getting people who can speak word-of-mouth about you, but tracking that can lead to higher increase in sales, better sentiment and overall response. We can actually map back who saw an ad and then walked into that company’s store, all in an anonymized and consented way using data.”

Many companies find this modern-day form of marketing appealing due to the fact that social media influencers are able to surpass metrics of what a traditional advertisement may never be able to reach. In fact, social media influencers are being incentivized to do paid sponsorships with businesses because it creates more content across platforms.

“The reason that influencers are more and more relevant is because they are actually like a kin to being their own press outlet at major events,” said Chris Detert, CCO of Influential and Ryan's brother. “They’re actually instantaneously reporting from the front row of exactly what’s happening, and it’s going out to their audience who has an obsession with anything that these influencers do. The power of the influencer, especially in the beauty and fashion space, is so powerful in that sense.”

But it’s important for agencies and brands alike to vet influencers in order to make sure they are real.

Companies need to be aware of a newer problem: bots, which are also known as fake followers. The majority of bot accounts mimic mainstream celebrity profiles -- literally down to their profile picture and bio, according to Ryan Detert. The content that bots typically share act as a form of clickbait in an attempt to convert link clicks into sales.

Therefore, influencers who have verified accounts make it easy for brands to relay trust in the partnership.

"Verified badges make you stick out in a crowd. It gets people to stop and listen and read whatever it is that a verified person has to say," Gates said. "And that is exactly the type of pull any smart business wants from someone they’re paying to share their product. I absolutely think a verified badge helps persuade people into buying products."

“We’re always pushing for more accountability, more transparency,” Chris Detert said. “Having a verified badge gives influencers a great caché sort of thing. When we first got into the industry, everyone thought that the influencers gave you the power. But it’s actually the data technology that gives you the power.”

Ultimately, in order for a company to carry out a successful campaign, they need to target their audience with great content that fits the likeness of their brand, according to Ryan Detert.

What’s next for influencer marketing

Not every company has jumped on the bandwagon of influencer marketing. In fact, some brands solely use mainstream celebrities as the face of their campaigns.

But Ryan Detert says the marketplace for influencers will continue to grow because they’re an “essential part of outbound content” who “help get the zeitgeist” of what’s happening around a vertical or brand out to the public.

"I honestly think the influencers are always going to have a presence on social media," Collins said. "A large part of how people consume media is in the digital world now. I think the line is going to be very blurred as to who is a traditional celebrity versus who is an influencer."

As for the future of influencer marketing, Ryan Detert predicts advertisers will continue to use a combination of social media influencers and mainstream celebrities for campaigns.

“I think that you’re going to see more and more payouts to the micro and macro tier,” he said. “The celebrities are going to try and keep adding us onto their regular deals for commercials and TV. The influencers are going to make more money than ever before.”

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Miss Michigan details her decision to talk about her state's water crisis at Miss America 

Donald Kravitz/Getty Images(NEW YORK) -- Miss Michigan may not have wowed the judges enough to make it to the final rounds of this year's Miss America competition, but she certainly earned some admiration online.

Emily Sioma, who competed in Sunday's pageant representing Michigan, used her introduction as a chance to make a statement about her state's ongoing water crisis.

"From a state with 84 percent of the U.S. fresh water but none for its residents to drink, I am Miss Michigan, Emily Sioma," she said during the broadcast.

Sioma told ABC News that "it wasn't a very spur of the moment decision," having thought about making a statement about the water crisis for two days leading up to the competition.

"I had this gut feeling that if I didn't make it into the top 15, I would never have a chance to be able to speak on national television about something that was important to me, or to make the moment meaningful," Sioma said.

"I just really wanted to make sure people understood this isn't just about Flint anymore. It still is about Flint but it's about the communities across the state that are impacted by contaminated water," Sioma said.

Sioma was applauded by many Twitter users for using her platform to bring up the issue of the Michigan water crisis on a national level.

Sioma, who did not advance to the next level of the competition, acknowledged to ABC News that her phrasing "was very hyperbolic," but said that she did that to drive the point home.

The statistic she cited comes from the Environmental Protection Agency, which reports that the Great Lakes make up 84 percent of North America's surface fresh water.

The trouble with Sioma's summary of that statistic is that the Great Lakes are not limited to just Michigan. They include Lakes Superior, Michigan, Huron, Erie and Ontario, and stretch for more than 750 miles. Different parts of the various lakes are considered part of the jurisdictions of other states, including Wisconsin, Minnesota, Illinois, Ohio, Indiana, Pennsylvania and New York, as well as Canada.

Sioma said that while most of the response to her comment has been positive, there are also some people pointing out that she said "none" of the water is making it to Michigan residents. "We know that's not true," said Sioma.

"It wasn't supposed to be an educational lesson. It was supposed to be a call to action," she said.

The water crisis in Michigan first gained notoriety when it was discovered that cost cutting measures led to unsafe levels of lead in drinking water in the city of Flint.

Concerns about unsafe water have spread to other parts of the state as well. The Detroit Free Press reported last week that drinking water was cut off in Detroit public schools out of concern about safe drinking levels, forcing school children drink from water coolers and bottled water.

Sioma said that she's pleased with the largely positive response that her introduction has made both online and offline, saying that her phone has "been blowing up" since the competition aired.

"Having this opportunity to reignite the conversation about the water crisis in Michigan... that to me is more about what Miss America is than just winning a crown," she said.

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Leslie Moonves out at CBS after new allegations made public, network says

Drew Angerer/Getty Images(NEW YORK) -- CBS Chairman and CEO Leslie Moonves has been let go from the network amid new allegations of sexual assault, CBS confirmed in a statement.

Moonves and CBS will donate $20 million to "one or more organizations that support the #MeToo movement and equality for women in the workplace," according to the CBS statement.

The donation will be made immediately and deducted from any severance benefits that may be given to Moonves, the network stated. Any additional payments will depend upon the results of CBS' independent investigation and evaluation by the board of directors, the network said.

Effective immediately, Chief Operating Officer Joseph Ianniello will serve as president and acting CEO while the board conducts a search for a permanent replacement, the network said.

Moonves confirmed the departure in a statement late Sunday, saying he was "deeply saddened to be leaving" after the "incredible privilege to lead CBS's renaissance and transformation" over the past 24 years.

"Untrue allegations from decades ago are now being made against me that are not consistent with who I am," he said in a statement. "I am deeply saddened to be leaving the company. I wish nothing but the best for the organization, the newly comprised board of directors and all of its employees.”

The new allegations against Moonves, published in the New Yorker as a follow-up to Farrow’s initial bombshell investigation back in late July, reportedly range from the mid-1980s into the early 2000s.

"CBS takes these allegations very seriously. Our Board of Directors is conducting a thorough investigation of these matters, which is ongoing," CBS said in a statement released to ABC News after the New Yorker story was published Sunday.

In a statement to the New Yorker, Moonves admitted to three of the alleged encounters, but said they were consensual.

“The appalling accusations in this article are untrue. What is true is that I had consensual relations with three of the women some 25 years ago before I came to CBS. And I have never used my position to hinder the advancement or careers of women. In my 40 years of work, I have never before heard of such disturbing accusations. I can only surmise they are surfacing now for the first time, decades later, as part of a concerted effort by others to destroy my name, my reputation, and my career. Anyone who knows me knows that the person described in this article is not me,” Moonves told the New Yorker in a statement.

The original article told the stories of six women employed by CBS, who alleged varying degrees of sexual misconduct by Moonves, including unwanted kissing and touching that occurred more than 20 years ago.

Ronan Farrow appeared on ABC in the wake of his initial report to speak of the allegations, saying the victims in that story were "terrified," and "intimidated."

"These are all stories where women said one after another that they were terrified and intimidated and that they’ve felt their career suffer as a result," Farrow told "Good Morning America." "And another point I’d like to make is that they said that they’re speaking out because they’re afraid that there’s a broader culture of impunity across this company, which is something we’ve heard from dozens of people."

CBS has already launched an independent investigation into the allegations stemming from the publication of the initial story, but would not take any immediate action against Moonves at the time.

The Los Angeles District Attorney's office declined to pursue the sexual assault allegations, saying the statute of limitations -- 10 years at the time of the initially reported incidents -- had expired.

CBS has had its own ongoing, independent investigation through an outside counsel since the first round of allegations went public.

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President Trump warns that Apple prices could spike due to his tariffs

iStock/Thinkstock(WASHINGTON) -- President Trump acknowledged on Twitter that Apple prices could go up as a result of the "massive tariffs" he's proposing on China, but rather than accepting blame for a potential hike on popular consumer items, he said the company should move production to U.S. shores.

"Start building new plants now. Exciting!" President Trump said, advising the tech giant over Twitter on Saturday as his motorcade drove from the White House to his Virginia golf club.

The president's tweet comes just days after Apple sent a letter to the U.S. Trade Representative raising concerns that the additional tariffs the president proposed would be bad for business.

“Our concern with these tariffs is that the U.S. will be hardest-hit, and that will result in lower U.S. growth and competitiveness, and higher prices for U.S. consumers,” Apple said in its letter.

The president has called for an additional $200 billion in tariffs on products imported from China, which Apple says would impact a wide range of its products -- including Apple Watch, Apple Pencil and Air Pods -- and force the company to raise prices.

In addition to anticipating a negative impact on its operations, the company makes a case for how tariffs would be detrimental to the broader economy.

“More broadly, tariffs will lead to higher U.S. consumer prices, lower overall U.S. economic growth and other unintended economic consequences. As a result, tariffs will ultimately reduce the economic benefit we generate for the United States,” the company writes.

President Trump warned on Friday that in addition to the $200 billion in tariffs now being prepared, he's also prepared to slap an additional $267 billion worth of tariffs on China if he deems it necessary.

“The $200 billion we’re talking about could happen very soon,” Trump said. “To a certain extent, it’s up to China.”

He continued, “And I hate to say that, but behind that, there’s another $267 billion ready to go on short notice if I want. That totally changes the equation."

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