Indo-Pacific, TPP, Theresa May, General Electric, Hermès, Dunc’d On

Caracal Business Insider | Daily
November 13, 2017
Curation and commentary from Marc A. Ross

Caracal Business Insider: Politics + Policy + Profits

"You've got to win the politics to set the policy to ensure the profits." - Marc A. Ross, founder of Caracal Global.

Reporting from Alexandria, Virginia

GEOECONOMICS

Trump’s two messages to Asian partners: DealBook reports, on the one hand: Let’s band together to stop North Korea. On the other: Find your own way on trade.

LAT: Trump crosses Asia touting a 'free and open Indo-Pacific,' a shift in rhetoric if not actual strategy

NYT: Trump's trade policy is lifting exports. Of Canadianlobster.

WSJ: Pacific-Rim countries move closer to TPP deal without US

"Ministers agree on ‘core elements’ of revised trade pact; Canada’s reservations prevent final deal at APEC summit"

WSJ: Global trade booms, but headwinds blow

"Asia’s upturn in exports may be fleeting amid political risks, demographic trends"

Iran quake: A magnitude 7.2 earthquake hit along the border of Iran and Iraq, killing hundreds of people in Iran. 

Independent: Up to 40 Tory MPs now ready to sign letter of no confidence in Theresa May

The Times: Tory turmoil as 40 MPs say May must go

UK government tensions rise after leak of Johnson-Gove letter to May: Guardian reports, Theresa May faces possible defeats on vital Brexit votes, ministers are ‘aghast’ at demands for hard Brexit from Michael Gove and Boris Johnson

Sterling dropped 1% overnight to $1.3064.

"Sober people, by no means sympathetic to the left, are now predicting a Jeremy Corbyn government in months." - FT's David Goodhart

Brexit’s critical five weeks and the key dateshttps://goo.gl/rHz3hQ

LAT: Warnings of a weaker, poorer Britain emerging ahead of breakup with the European Union

Rajoy’s Catalonia bet: Bloomberg reports, the Spanish prime minister caught separatists off guard when he called a snap election as well as seizing control of the Catalan administration last month. But his plans for restoring stability in the region now hinge on preventing the rebels winning another majority on Dec. 21, and polls suggest the result is on a knife-edge.

Italians continue to emigrate despite strong economic recovery: FT reports, young leave in increasing numbers frustrated by dysfunctional labor market.

OTD: On November 13, 2015 Paris came under attack by terrorists who killed 130 people across Paris.

EU signs defense pact in decades-long quest: Reuters reports,  France and Germany edged toward achieving a 70-year-old ambition to integrate European defenses on Monday, signing a pact with 21 other EU governments to fund, develop and deploy armed forces after Britain’s decision to quit the bloc.

Brazil rolls out the red carpet to lure Chinese money: FT reports, is China the savior or captor of the Latin American country’s assets?

AMERICAN POLITICS

After a disciplined week in Asia, Trump unloads on critics: NYT reports, in a stream of tweets, he called those raising questions about Russia "haters and fools" and said he could call North Korea's leader "short and fat."

Tax reform: The House is set to vote on its tax plan by the end of the week.

Tomorrow: AG Sessions will face more grilling Tuesday on Capitol Hill about his knowledge of meetings with Russian officials.

Security breach and spilled secrets have shaken the NSA to its core: NYT reports, a serial leak of the agency's cyberweapons has damaged morale, slowed intelligence operations and resulted in hacking attacks on businesses and civilians worldwide.

Jerry Brown’s legacy a major question for hopefuls looking to replace him
LAT - John Myers

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ENTERPRISE

ICO warning: The European Securities Markets Authority joined the list of regulators warning investors against initial coin offering.

Bloomberg: Bitcoin crashes and then surges in wild weekend action

The cryptocurrency plunged 15% late Saturday from nearly $6,500 to a low of $5,507.

Uber has approved SoftBank Group Corp.'s offer to buy a multibillion-dollar stake in the tech company.

Alibaba's Singles' Day sale brought in a record $25.3 billion in sales from shoppers in over 225 countries and regions, exceeding analysts' expectations with a 39 percent jump in sales.

GE's new chief sets focus on three key units: WSJ reports, General Electric Co.'s new leader plans to unveil a roadmap Mondayfor the conglomerate that will focus on three of its biggest business lines, but stops short of a breakup or more radical restructuring of the 125-year-old giant.

Smartphone music studio: The lip-synching app Musical.ly is to be sold for between $800 million and $1 billion to Chinese company Jinri Toutiao.

Silicon Valley sets sights on disrupting meat industry: FT reports, Bill Gates-backed start-up secures national US distribution for its veggie burgers.

@elonmusk: Tesla Semi Truck unveil to be webcast live on Thursdayat 8pm! This will blow your mind clear out of your skull and into an alternate dimension.

TRENDS

Moncler ditches catwalk shows for the social media generation: FT reports, luxury fashion group to target millennials with ‘flash’ events and online collections.

Email could generate $20 billion this holiday season: Adobe: MediaPost reports, the busiest time of the year for email marketers is just around the corner, and email could produce as much as $20 billion in online sales this holiday season.

Where self-driving cars go to learn: Arizona’s promise to keep the driverless car industry free of regulations has attracted dozens of companies, including Uber, Waymo and Lyft. https://goo.gl/RLv6kg

The path ahead: The future of life outdoors: We are becoming the world's first indoor species. Are we too late to change course? Explore the brutal truths and beautiful possibilities.
REI Co-op Journal

CULTURE

Radhika Jones, the editorial director of the books department at The New York Times and a former top editor at Time magazine, is expected to be named the next editor of Vanity Fair.

The fascinating woman behind Hermès' window displays: As a new exhibition dedicated to her work for the French fashion house opens at the Grand Palais in Paris, Alexander Fury chronicles the life of Leïla Menchari.
AnOther

SOTD

Brian Eno - An Ending (Ascent) https://goo.gl/VWTQKE

SPORT

LaVar Ball (Kenan Thompson), the father of Los Angeles Lakers star Lonzo Ball, explains why his son will be bigger than Kobe Bryant.
SNL - Weekend Update

This very long, super nerdy NBA podcast is making money: Bloomberg reports, Dunc’d On proves there’s an audience thirsty for hours and hours of two dudes talking about pro basketball. https://goo.gl/UYSZ3x