Holiday Demos Back to D.C.; Indians to Review Name: Protest Wrap

(Bloomberg) -- President Donald Trump again took on the protests that have broken out nationwide since the death of George Floyd. “We are now in the process of defeating the radical left: the Marxists, the anarchists, the agitators, the looters,” he said in a July 4th speech in Washington. Before the speech -- and a military flyover and fireworks -- protesters gathered near the White House at the newly-named Black Lives Matter Plaza.

His remarks echoed those he gave at Mount Rushmore the night before, in which he said people attacking historical monuments are part of a “merciless campaign to wipe out our history, defame our heroes, erase our values, and indoctrinate our children.”

The Cleveland Indians followed the Washington Redskins in saying they were prepared to engage “our community and appropriate stakeholders to determine the best path forward with regard to our team name.”

The Redskins said Friday they would “undergo a thorough review of the team’s name.” FedEx Corp. has asked the team, which plays at FedEx Field, to change the name after 87 investment firms and shareholders worth a collective $620 billion called on FedEx, Nike and PepsiCo to terminate their business relationships with the team unless it agrees to a renaming.

Two women were in critical condition in Seattle after being struck by a white Jaguar that drove through a crowd of protesters on a closed section of the I-5 highway, the Associated Press reported. Police arrested the driver but were still determining the motive.

Reparations to African-Americans are increasingly on the agenda.

Key Developments:

• Citi Says Hiring Black Talent Not Enough, Retention is Challenge
• CLSA Trader Sparks Debate on Race at China’s Biggest Brokerage
• Pharrell Williams, Ron Conway in Talks for VC Fund: Information
• College Admissions Offers Rescinded as Racist Posts Emerge: NYT
• JPMorgan Drops ‘Master,’ ‘Slave’ Terms From Tech Code: Reuters
• In Japan, the Message of Anti-Racism Protests Fails to Hit Home

See more from Bloomberg QuickTake:

The militarization of U.S. police:

A QuickTake review of the week:

At Rushmore, Trump announced a “Garden of American Heroes”

A young activist in Mississippi:

Trump and Biden attack Facebook:

A police officer in Colorado is fired after a Black man died in 2019:

Americans are buying guns in this season of protest:

Confederacy’s significance questioned given its short lifespan:

NYC cuts police budget, but some protesters wanted more:

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