Your Evening Briefing: Putin's Advice

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Good afternoon. As the world reels from President Trump's decision to exit the Paris climate accord, the Russian president shared a bit of advice. The "tax bill" that Trump said Thursday is "moving along in Congress and I believe it's doing very well” has neither been circulated, nor introduced, frustrating House Republicans. And the labor market saw weaker-than expected job growth. –Emily Banks

Putin said "be happy" about Trump on climate. Vladimir Putin shrugged off Donald Trump's decision to abandon the most ambitious effort to combat global warming, marking the third time in two days that the Russian president came to the defense of his embattled U.S. counterpart. “Don't worry, be happy,” Putin said in English during a three-hour panel discussion, responding to a question about the Paris climate accord from Megyn Kelly, the NBC television host who moderated the main event at his annual investment forum in St. Petersburg.

House Republicans are growing frustrated with the lack of any details about the Trump administration's tax plan. The slow pace leaves lawmakers in limbo in their negotiations over how to deliver on long promised tax cuts. The pessimism on Capitol Hill stands in sharp contrast to Trump's public promises.

What happens now, after Trump's decision to exit the Paris climate agreement? The U.S.'s departure won't happen overnight and won't have an immediate effect on global efforts to address climate change. Everyone but Trump is standing by the agreement, while cities and states promise to pick up where the country left off. The decision leaves the president isolated.

The U.S. labor market has lost some of its mojo, a weaker-than-expected May jobs report revealed. Monthly payroll gains are averaging 162,000 this year, a step down from the 2016 pace of 187,000, following a below-forecast rise last month. Cooler hiring may reflect the challenge of finding skilled workers in a tightening market.

Puerto Rico's exodus is speeding the island's economic collapse. The island has lost 2 percent of its people in each of the past three years. About 400,000 fewer Puerto Ricans live on an island of 3.4 million today compared with a decade ago, when its economy began contracting. The choice is heartbreaking: stay to help other families, or leave to help your own.

Most people globally say they believe no single race, religion or culture is better than another. The findings of the WIN/Gallup International poll provide some ground for optimism even amid an increase in reports of attacks linked to intolerance. In the U.S., 23 percent of people agreed or strongly agreed that some races are superior to others, compared with 73 percent who disagreed or strongly disagreed.

How to train like an America's Cup athlete. Members of Oracle Team USA focus on a well-rounded workout to prepare for the grueling, full-body experience of professional sailing. A warm-up consists of about 1.5 miles of swimming, solid stretching, and a spin on the grinder–which is kind of like pedaling a bicycle uphill but with your arms–for 30 minutes. (Yes, that's just the warm-up.) The main workout entails two and half hours of more swimming, three hours of sailing, and then a full CrossFit workout back on land at the gym.

To contact the editor responsible for this story: Emily Banks at ebanks17@bloomberg.net.

With assistance from Editorial Board