Baltic Dry, Esports, Grand Havana Club, Hemp, Spike Lee, King the Wire Fox Terrier

Baltic Dry, Esports, Grand Havana Club, Hemp, Spike Lee, King the Wire Fox Terrier

Marc Ross Daily
February 13, 2019
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia 

Marc Ross Daily  = News + Analysis at the Intersection of Globalization + Disruption + Politics

TOP FIVE

✔️ EU lawmakers approve free trade deal with Singapore

✔️ Spanish PM expected to call for snap election

✔️ No more 'old, male, and pale'

✔️ Tesla should pull an Apple: Leave ‘production hell’

✔️  Spike Lee: ‘It’s not my job to be the culture police

ROSS RANT

Until you have been hit by risk, you really don't pay too much attention to it.
 

GLOBALIZATION

Slowing world economy? The Baltic Dry shipping index dipped below 600 for the first time since 2016.

EU lawmakers approve free trade deal with Singapore: The free trade deal is the EU's first with a member of the Association of South-East Asian Nations (ASEAN). The European Parliament's approval will clear the path for the deal to come into force as early as this year.

Japan’s government plans to set up a new watchdog to scrutinize big tech companies like Facebook and Google amid growing concerns about monopoly practices and the handling of personal data.

Beijing + Caracas: China has been holding talks with Venezuela’s opposition to safeguard its investments, hedging its bets as pressure builds on embattled leader Nicolás Maduro.

Venezuela opposition leader issues ‘direct order’ over aid: FT reports, Guaidó lays down challenge to military to allow convoys to enter country on February 23.

Spanish PM Pedro Sanchez expected to call for snap election: After a defeat on a budget vote, Spain's government will likely announce fresh elections, to take place in April. The ruling socialist party currently leads, with 30 percent approval from voters.

Matteo Salvini talks up seizing control of Italy’s gold reserves: FT reports, Matteo Salvini has raised the possibility of wresting control of Italy’s sizeable gold reserves away from the country’s central bank in the latest in a series of threats to the independence of the Bank of Italy by Rome’s populist coalition.

“The gold is the property of the Italian people, not of anyone else”

May’s Brexit point man lets slip PM’s possible endgame: FT reports, overheard by an ITV News journalist in a Brussels bar, Olly Robbins remarks suggest choice for MPs could be deal or Article 50 extension.

May going for an all or nothing, last minute vote.... 

Choice = May's deal or long Brexit delay

The moment Macron gave up on Trump: After 18 months of frustrating efforts to sustain a partnership with America’s president, the “special relationship” is over. https://bloom.bg/2DzXCtC

Martin Wolf: The libertarian fantasies of cryptocurrencies: Digital money needs tough regulation rather than bleating in favour of ‘innovation.’

El Chapo found guilty and facing life imprisonment.

DISRUPTION

Household credit: An average household now has three credit cards.

Esports: Global esports revenues will grow 38 percent to $906 million in 2018 and further grow to $1.65 billion by 2021. North America will account for 38 percent of the 2018 revenue, or $345 million, while China will be 18 percent, or $164 million.

Esports will continue to be smaller in revenues than traditional sports, but it is rapidly gaining in terms of numbers of spectators.

Germans on the road:

German travel industry had a record year in 2018. 

Three in five of Germans traveled last year. 

Thirty-four percent of Germans spent their holidays in Germany in 2018.

Spain was No. 1 destination.

POLITICS

Trump intends to sign border deal to avoid another shutdown, @DanaBashCNN reports

US-China: Trump said he’s open to extending a March 1 deadline to raise tariffs on Chinese products if the two sides are near an agreement

WSJ - Editorial: Jobs and steel tariffs: Border taxes produce small benefits for some, higher costs for many.

There are more job openings than the number of Americans who are unemployed.

The US national debt just topped $22 trillion for the first time in history.

‘Finish the wall’? Facing failure, Trump tries rebranding: LAT reports, unable for two years to get Congress to approve billions for a border wall, President Trump nonetheless makes big claims about new construction. The truth is something else.

How Manafort’s 2016 cigar club meeting with a Russian goes to ‘the heart’ of Mueller’s probe: WP reports, in a sealed court hearing last week, prosecutors revealed they are deeply focused on a dinner Paul Manafort had at the Grand Havana Club with Russian political operative Konstantin Kilimnik.

WP: ‘You can feel it now’: New Democrats push party, and 2020 candidates, to the left on divisive issues

Politico: 'Old, male, and pale': 2020 Democrats under pressure to hire minorities

Starbucks’ Schultz shuns Democrats in bid for White House: FT reports, coffee billionaire says party has shifted too far to the left for him to support it.

Janan Ganesh: Don’t count out the moderate Democrats: For all the talk of leftist ideas and policies, the party faithful really want to win.

Michael Bloomberg’s $500 million anti-Trump moonshot: Politico reports, the sum represents a floor, not a ceiling, on the billionaire’s potential spending to defeat the president in 2020.

COMMERCE

WSJ: Tesla should pull an Apple: Leave ‘production hell’ to other people

The real money isn’t in building beautiful things. It’s in creating them.

#Duh

Ask me about the U-Shaped business model curve.

"To Musk, car production is a math equation that should be solved. By adding automation and continually improving processes, efficiency will rise and costs will plummet, all while keeping Tesla’s fate in its own hands. That’s been costly, though, with Tesla reporting very little profit over the past 15 years and burning through a bundle of cash."

Cars produced per employee:

GM 44
Toyota 29
BMW 20
VW 20
Mercedes 17
Volvo 17
Jaguar 14
Tesla 6

Tesla rushes Model 3s to China before trade-war truce expires.

Amazon + GM in talks to invest in electric pickup truck maker Rivian.

Ikea looks to launch sales platform including rivals’ products: FT reports, retailer sees opportunity between its own website and ecommerce giants such as Amazon

Virgin Trains USA halts IPO plans.

LAT: As tobacco sales dry up, Kentucky farmers look to the state’s ‘original crop’ — hemp

Google plans a cheaper smartphone to draw users into internet empire: Nikkei reports, tech giant seeks to exploit Apple woes to drive hardware expansion.

CULTURE

Oscar contender Spike Lee: ‘It’s not my job to be the culture police’: The director on being in the running for the big Oscars 30 years after ‘Do the Right Thing’ was snubbed.https://on.ft.com/2SwgQe9

“That was some shenanigans, subterfuge, straight skulduggery. He got robbed of that Academy Award. He was too black, too strong.” The words are spoken by two characters in the Netflix series She’s Gotta Have It and refer to Denzel Washington, but they come from the pen of Spike Lee and they carry more than a whiff of autobiography.

Go see BlacKkKlansman.

Oscars = Sunday, February 24 @ 8:00 pm ET

Oscar predictions: Times critics pick who will and who should win this year https://lat.ms/2RWL6cN

Hollywood outraged by plan to present Oscars in TV ad breaks: Stars lambast ‘insulting’ bid to cut Academy Awards’ running time by presenting cinematography and other awards during commercials.

Tommy Wiseau, the eccentric film-maker behind The Room, widely considered the worst movie ever made

THOUGHT LEADER TACTIC OF THE DAY

Present a 90-second video weekly on your YouTube page commenting on the news of the week.

SPORT

Mammoth extends their ski season to July 4

Champions League - Round of 16 - Leg 1 of 2:

Tottenham v Dortmund @ 300pm ET
Liverpool v Bayern @ 300pm ET

Did Neymar’s absence help PSG to prosper at Manchester United?

US Presidents Cup captain Tiger Woods on Wednesday named the experienced Fred Couples, Steve Stricker and Zach Johnson as three of his assistants for the showdown against the International team in Melbourne later this year.

Westminster’s Best in Show = King the Wire Fox Terrier

The diminutive male defeated some 2,800 dogs from 203 breeds, including Bono, a Havanese, who took reserve Best in Show.

It was the 15th time that a wire fox terrier has claimed the top prize at the Westminster Kennel Club Dog Show, the most of any breed.

Terriers have won 47 of 112 times at Westminster.

Brexit, Chile, Mars, Biden, SoftBank, Virgin, Nkana FC

Brexit, Chile, Mars, Biden, SoftBank, Virgin, Nkana FC

Marc Ross Daily
February 12, 2019
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia 

Marc Ross Daily  = News + Analysis at the Intersection of Globalization + Disruption + Politics

TOP FIVE

✔️ #Brexit - Britain can neither leave nor remain

✔️ Chinese investment in Israel raises security fears

✔️ Mars for less than $100k, return ticket included

✔️ Biden = ‘Weaker candidate than Hillary’

✔️ WeWork has amassed a $47 billion valuation

ROSS RANT

"In an age of abundance, commodities are losing businesses." -- Jeff Jarvis
 

GLOBALIZATION

Brexit delivers a shuddering blow to UK economic data: Chancellor tries to put on brave face as ONS releases unexpectedly poor figures.

Brexit = 45 days to go.

May to tell MPs to ‘hold our nerve’ over Brexit deal: PM to plead for more time to secure changes to draft exit treaty.

Second referendum momentum fading. 

Chris Grey: Britain can neither leave nor remain: The dispiriting situation is that the UK has now reached a point where, in a sense, it can neither leave the EU nor stay in it. That is to say, there is currently no viable route to get to ‘remain’ but even if there were what kind of EU member would the UK then be? On the other hand, there is no way of delivering Brexit which any but a tiny minority of Brexiters regard as satisfactory. Ironically, a project cloaked in the sacred cloth of the ‘will of the people’ is going to end up being the will of almost no one.

NYT: UK economy falters as Brexit looms. Amsterdam sees risks and opportunity.

New data shows the British economy grew at its slowest pace since 2012.

The right-wing pundit ‘hashtag triggering’ France: The pop historian Eric Zemmour has fashioned himself as an evangelist of French culture — and become a driving force for French conservatism. https://nyti.ms/2SuCwr0

Spain: The trial begins of 12 Catalan separatist leaders over an attempt to secede from Spain in 2017.

The trial is expected to last three months with an initial ruling in June.

WSJ: Pompeo warns Hungary against closer ties with China

KSA: A Saudi minister said the kingdom has “absolutely nothing to do” with the AMI-Jeff Bezos dispute.

China pushes back against Turkey’s criticism of its Uighur detentions: WSJ reports, China rebuked Turkey for criticizing the mass incarceration of Turkic Muslims in western China and said a musician who Ankara says died in Chinese custody is alive.

Australia buys attack submarines to counter Chinese aggression: Australia has signed a multibillion-dollar deal with the French state-backed shipbuilder Naval Group for 12 attack-class submarines aimed at countering China’s militarization in the Pacific.

Chinese investment in Israel raises security fears: WSJ reports, security officials are raising alarms over Chinese investment in Israeli technology companies, prompting the Israeli government to scrutinize the money flows and businesses to reconsider accepting Chinese funds.

Venezuela owes China $20 billion from an oil-for-loans agreement that has supported the two countries’ alliance.

Maduro condemns 'extremist' Trump: BBC News, Venezuela's embattled President Nicolás Maduro has called Donald Trump's government a "gang of extremists" and blamed the US for his country's crisis.

"They are warmongering in order to take over Venezuela."

"It's a political war, of the United States empire, of the interests of the extreme right, that today is governing, of the Ku Klux Klan, that rules the White House, to take over Venezuela."

OTD: In 1818 Chile proclaimed its independence.

DISRUPTION

Mars for less than $100k: Elon Musk says he's confident moving to Mars will eventually cost less than $500k, possibly less than $100k, with a return ticket included.

Mars One is dead: The Mars colony startup was declared bankrupt by a Swiss court. The company was the brainchild of Dutch entrepreneur Bas Lansdorp, previously the founder of green energy company Ampyx Power. Lansdorp's aim was to start a company that could colonize one of our nearest neighbors.

Debit cards everywhere: Fintech companies from Square to Venmo are launching products that let customers spend money directly out of digital accounts using physical debit cards.

SE Asia eclipses China as world's mobile economy hot spot:Thais, Indonesians and Singaporeans are big-time online bankers, shoppers and ride-hailers.

1,545 scooter injuries: Electric scooters have caused 1,545 injuries in the US since late 2017, according to new findings by Consumer Reports. The report collected data from hospitals and public agencies in 47 different cities where leading scooter-sharing platforms Bird and Lime operate.

China’s demand for electric vehicles charges copper: Citi expects prices to hit $6,700 a tonne as metal is core to next motoring generation.

Your company wants to know if you’ve lost weight: WSJ reports, as more employers launch high-tech wellness programs that keep tabs on workers’ exercise, sleep and nutrition, employees worry about privacy and the consequences of opting out.

POLITICS

Shutdown averted? Senior lawmakers said they had reached an agreement in principle to fund border security and avoid a partial government shutdown this weekend.

More talk, less wall: Congressional negotiators agreed in principle to provide $1.375 billion for fencing and other physical barriers at the Mexican border, far less than what Trump had demanded.

“But what is government itself, but the greatest of all reflections on human nature?” -- James Madison, Federalist 51

McClatchy: ‘Weaker candidate than Hillary’: Democrats cast deep doubt on Biden’s 2020 value

McClatchy interviewed 31 Democratic strategists — pollsters, opposition research experts, media consultants, ex-party officials, and communications specialists — from across the country about a potential Biden campaign. The Democratic political community is more broadly and deeply pessimistic about Biden’s potential candidacy than is commonly known. 

The new rules of political design: CNN reports, if there are any emerging design trends among the initial 2020 campaign logos, it's the use of words over symbols, and the embrace of color outside of the traditional red, white, and blue. Gone are the patriotic single-letter presidential logos popularized over the past decade.

The National Federation of Independent Business’s optimism index fell 3.2 points to 101.2, the lowest since November 2016.

AMI + FARA: American Media sought advice last year from the Justice Department over whether it should register as a foreign agent in connection with work the publisher did for Saudi Arabia. 

100 years old: Hawaii state representative Richard Creagan (D) has introduced a bill to raise the smoking age on the islands to 100 by 2024. 

OTD: In 1924 Calvin Coolidge became the first US president to deliver a political speech on the radio.

COMMERCE

SoftBank invests $940m in driverless start-up Nuro: SoftBank’s Vision Fund has made another massive bet on autonomous driving technology, this time leading a $940m investment into Nuro.ai, a maker of robot delivery vans. The group was founded in 2016 by two veterans of Google’s self-driving car team, now known as Waymo, after they decided delivering groceries was a more achievable goal for autonomous vehicles than passenger-carrying robo-taxis.

Nuro is one of the few companies to be operating fully driverless vehicles on public roads today.

A bet on millennials: Morgan Stanley has acquired Canadian stock plans administrator Solium Capital for $900m in a play to position itself as a leading wealth manager for future millennial millionaires. 

Andela, a company that connects developers in Africa with growing US startups like SeatGeek and Headspace, will incorporate artificial intelligence into its recommendation engine to create better matches between talent and employers.

Calm became the first mental health and wellness unicorn, raising an $88 million Series B to reach a $1 billion valuation. 

A billion in fees: Bristol Myers Squibb and Celgene will pay out about $1 billion in fees following their merger earlier this month, including $300M to their financial advisers — one of the most lucrative advisory deals ever. 

P&G acquired natural period care brand This Is L this week, at a rumored price point of $100 million.

WeWork has amassed a $47 billion valuation on the premise that sharing real estate resources will make living and working more efficient and affordable (and fun!) for everyone. WeWork has big ambitions to be the one company you need to source all of your real estate needs: a place to co-live, a place to work, a place to work out, a place to learn, a place to grow. From the outset, WeWork intended to offer a variety of accommodations (WeSail) and even financial services (WeBank). 

Amazon disclosed its latest bet to control the so-called smart home, adding to its fold Eero, a company that offers a Wi-Fi system that ditches traditional routers.

Restaurant Brands International, the parent of Burger King, Tim Hortons, and Popeyes Louisiana Kitchen, is marching ahead on expanding the international presence of all three brands.

FT: Virgin plans American adventure in trains, ships, banks, and hotels

Virgin Voyages to launch the first of the four ships it is building early next year.

Virgin Hotel will open in San Francisco.

Virgin Galactic space aircraft hopes to make its second test flight from California’s Mojave desert.

Virgin Trains, a new passenger rail service in Florida, launches IPO.

LAT: Apple taps iPhone executive to be first augmented reality marketing chief

AR > VR

British American Tobacco, which withdrew from Formula One in 2006, when tobacco advertising was banned from the sport, is to return in a “global partnership” with McLaren. BAT is the second tobacco company to use F1 to publicize electronic smoking alternatives which are not affected by the ban.

CULTURE

The Bahamas hopes Kravitz ad rocks tourism growth: The Minister of Tourism is hoping The Bahamas’ new Lenny Kravitz-inspired advertising campaign will help drive stopover visitor growth “in the teens or low double-digit” percentages for 2019. Watch the ad here: Lenny Kravitz | The Islands of the Bahamas. Fly Away.: http://bit.ly/2Sr9fNO

Three Michelin stars: Dominique Crenn is the first woman in the US to be awarded the top honor by the prestigious French restaurant guide for her restaurant Atelier Crenn.

In November, three decades after arriving in San Francisco from France with no professional cooking experience or even training, Dominique Crenn got a life-changing call from the Michelin Guide.

@DrewMagary: "Bagel sandwiches are dumb." http://gq.mn/YwW3Ax7 

“The Berlinale stands for the big screen, Netflix the small screen": Berlin Film Festival artistic director Dieter Kosslick has responded to an open letter from exhibitors criticizing the inclusion of a Netflix film in competition. Yesterday, 160 German independent exhibitors sent a strong message to the festival and German culture minister Monika Grütters in which they demanded Isabel Coixet’s drama Elisa Y Marcela be removed from the competition strand.

AdWeek: Super Bowl LIII fans used a record 24.05 terabytes of mobile data

Or printing two and a half Libraries of Congress' worth of paper. 

THOUGHT LEADER TACTIC OF THE DAY

Post a best of social post weekly on your LinkedIn profile.

SPORT

Kyler Murray, the Heisman Trophy winner, says he wants to be a pro quarterback.

Naomi Osaka has split from her coach Sascha Bajin just weeks after the 21-year-old added the Australian Open to her first Grand Slam at the US Open last year, the Japanese player announced Monday.

@Naomi_Osaka_: Hey everyone, I will no longer be working together with Sascha. I thank him for his work and wish him all the best in the future.

Turner Sports has joined with Caesars Entertainment to develop gaming-related content from a B/R-branded studio within Caesars Palace Las Vegas.

56-match unbeaten record: Nkana FC of Zambia host Al Hilal of Sudan in the CAF Confederation Cup this Wednesday boosted by a record of never having lost at home in 56 African matches. The 40 victories and 16 draws came in the CAF Champions League, Confederation Cup and two now-defunct competitions, the African Cup Winners Cup and the CAF Cup.

Champions League - Round of 16 - Leg 1 of 2:

Roma v Porto - Today @ 300pm ET
Man United v PSG - Today @ 300pm ET

Tottenham v Dortmund - Wednesday @ 300pm
Liverpool v Bayern - Wednesday @ 300pm

New logo: Montréal Alouettes, one of the original teams of the CFL,  introduced a new identity designed by Québec City, Québec-based GRDN Studio.

Marc Ross Daily: So how good do you want to be?

So how good do you want to be?

Marc Ross Daily
August 20, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

Marc Ross Daily  = Business News at the Intersection of Global Politics + Policy + Profits

Subscribe here: https://goo.gl/bSQKwA

TOP FIVE

✔️ Brazil sends troops to Venezuela border after clashes

✔️ Trump lawyers don’t know what Mueller’s team has been told

✔️ US, China plot roadmap to resolve trade dispute by November

✔️ ‘Made in Cambodia’ 

✔️ Today: The 35th annual MTV Video Music

ROSS RANT

So how good do you want to be?

Best in the city?

Best in the county?

Best in the state?

Best in the nation?

Best in the hemisphere?

Best in the world?

Make a choice and execute accordingly.

-Marc A. Ross | Brigadoon Founder + TLC

GEOECONOMICS

Venezuelan crisis escalates as economic plans fuel tensions: WSJ reports, the exodus of Venezuelans gained pace as the government’s plans to address the collapsing economy fueled anxiety, while tensions grew in neighboring countries that have strained to absorb refugees.

WP: Maduro has a plan to fix Venezuela’s inflation — which may make things worse

"Maduro late Friday outlined a dramatic effort to curb inflation that has been spiralling toward 1 million percent, raising the minimum wage by more than 3,000 percent and officially devaluing the already nearly worthless bolívar by more than 90 percent."

Bloomberg: Venezuela's 95% devaluation adds to turmoil after drone attack

Bloomberg - Editorial: Venezuela’s crack-up is accelerating

"The country’s neighbors — and the world — should prepare for the worst."

AFP: Brazil sends troops to Venezuela border after clashes

More than 1 million people have left Venezuela since 2015.

US-China commercial relations: Wang Shouwen, China's vice minister for commerce, is slated to visit the United States for trade discussions Aug. 22-23. Wang's visit will mark the first government-to-government talks in two months.

The talks will be hosted by the Treasury Department's under secretary for international affairs, Davis Malpass.

WSJ: US, China plot road map to resolve trade dispute by November

"Chinese and US negotiators are mapping out talks to try to end their trade standoff ahead of planned meetings between President Trump and Chinese leader Xi Jinping at multilateral summits in November, said officials in both nations."

US business ‘friends’ staying out of trade war as they try to push China to act, sources say: SCMP reports, Beijing’s lack of progress on promised reforms said to undermine support from American business community in China.

Beijing orders banks to boost lending to exporters: FT reports, the move comes ahead of a critical week of trade talks as Chinese stocks and currency wilt.

Robert Z. Lawrence: Trump's trade war with China has everyone confused. Here's what America's president really wants. https://nbcnews.to/2MCM92Y

"When it comes to trade policy, the White House has arguably set a new record for its inconsistency and chaos."

Hiroyuki Akita: US-China trade war is battle for tech hegemony in disguise https://s.nikkei.com/2ONMxce

"Washington fears loss of both economic supremacy and security" 

FP: Botched CIA communications system helped blow coverof Chinese agents http://bit.ly/2PleVDP

"The number of informants executed in the debacle is higher than initially thought." 

Taiwan independence: Taiwan President Tsai Ing-wen asserted the island's independence during a speech in Los Angeles last Monday, marking the first time in 15 years that a Taiwanese leader has made a political speech on US soil.

Taiwan's Tsai makes historic trip to NASA space center: Nikkei reports, US welcomes island's leader to Houston facility in snub of Beijing.

RIP: Kofi Annan

Nobel prizewinning diplomat was the first black African to head the UN.

Canada’s auto capital caught in crossfire of trade dispute: WSJ reports, in Windsor, Ontario, angst is rising that the border town’s ties to the U.S. auto industry, already strained by steel tariffs, could soon be ruptured by Trump’s threatened tariffs on Canadian-made cars.

OTD: In 1882 Tchaikovsky’s 1812 Overture in E Flat Major, Op. 49 — commissioned to celebrate the 70th anniversary of Russia’s victory over Napoleon in 1812 — received its premiere in Moscow.

Superdry founder gives $1.28 million to anti-Brexit campaign: AP reports, the co-founder of the fashion brand Superdry said Sunday he has donated 1 million pounds ($1.28 million) to a group seeking a new referendum on Britain’s departure from the European Union, as the U.K. government prepares to publish its assessment of the impact of leaving the bloc without an agreement on future relations.

Guardian: Italy's crumbling infrastructure under scrutiny after bridge collapse

"Construction boom of 1960s led to mafia involvement and use of cheap materials to boost profits" 

Brigadoon Scotland 2018 = Nov. 11-13, 2018

AMERICAN POLITICS

NYT: White House Counsel, Don McGahn, has cooperated extensively in Mueller inquiry

"For a lawyer to share so much with investigators scrutinizing his client is unusual, but Mr. McGahn views his role as protecting the presidency, not the president."

Trump lawyers don’t know what Mueller’s team has been told: NYT reports, although Mr. Trump’s lawyers said that they were confident that the White House counsel, Donald F. McGahn II, had said nothing injurious to the president, the lapse has fueled concerns.

NYT: Cohen is being investigated for loans in excess of $20 million

"Any criminal charges against Mr. Cohen, which could be filed by the end of the month, would deal a significant blow to the president."

Election 2018: There are 43 Republican seats now without an incumbent on the ballot. That's more than one out of every six Republicans in the House — a record in at least a century.

Election 2020: 40 percent of New Hampshire Republicans—say a 2020 GOP primary for Trump “would be a good thing.” That’s the finding of the latest New Hampshire Journal poll, 18 months ahead of the New Hampshire presidential primary.
 
@costareports: Kasich's political shop just sent out this email: "Polling has also shown Governor Kasich to be a threat to the Trump in New Hampshire and elsewhere. For this reason, the RNC is already taking steps to rig the Party’s nominating process in 2020."

Trump redefined what's possible in presidential politics. Enter Michael Avenatti: LAT reports, the pugnacious Newport Beach attorney is following an improbable path blazed by his nemesis in chief, testing the waters in early-voting Iowa and New Hampshire.

SCOTUS: Judge Brett Kavanaugh's confirmation hearing before the Senate Judiciary Committee is scheduled to begin on September 4.

For McCaskill, re-election may rest with vote on Supreme Court nominee: WSJ reports, Sen. Claire McCaskill, a Missouri Democrat, is facing pressure at home to back Trump’s Supreme Court nominee, Brett Kavanaugh, and pressure from outside groups she’s relying on for money to oppose him.

HBD: Larry Kudlow, economic adviser to Trump, director of the National Economic Council, 71

Fewer Americans uproot themselves for a new job: WSJ reports, fewer Americans are moving around the country to pursue new work opportunities, as better job prospects near home and changing family ties make people less willing to uproot their lives.

LAT: Trump backed 'space force' after months of lobbying by officials with ties to aerospace industry

ENTERPRISE

Google in China: More than 1,000 Google employees signed a letter to company executives criticizing the alleged development of a censored search and news service for the China market. The employees are demanding greater transparency in internal decision making so that they are able to make "ethically-informed decisions about our work, our projects, and our employment."

Bloomberg: China purges 40 officials in widening vaccine fallout

Uber autonomous: Since a self-driving Uber car killed a pedestrian in March, the company’s executives have been divided over its autonomous vehicle efforts.

Tesla short-sellers sitting on profits of $1.2bn: FT reports, bets against the carmaker’s shares have been lucrative since Musk tweeted buyout plan.

Trade war strains America Inc's factories in China: Reuters reports, Larry Sloven arrived in southern China three decades ago. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers. That era may now be coming to an end.

Bloomberg: ‘Made in Cambodia’ may become new fashion label with tariffs hitting China

Global luxury brands again chase China's young, rich and spendthrift: Reuters reports, global luxury brands from Prada to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world's second-largest economy slows.

Bloomberg: Benettons go from preachers to pariahs after bridge disaster

"For half a century, Italy’s Benetton family has preached compassion through eye-popping ads for its eponymous clothing line... But now the Benettons themselves are the focus of public outrage after at least 43 people died when Genoa’s Morandi Bridge collapsed, threatening part of the family’s other, much more profitable business running airports, turnpikes and roadside diners from Santiago to Rome."

CBC: Tim Hortons hopes to rebuild its brand with better lid, new marketing campaign

"The only people who are going to be pissed off are dry cleaners and car-washing companies. They will wash fewer shirts and fewer cars."

TRENDS

WSJ: Late to the driverless revolutionhttps://on.wsj.com/2N18unU

"America’s car industry dismissed the potential of autonomous driving for years as tech companies plunged ahead. Now Detroit is racing to catch up."

“Being right is the enemy of staying right because it leads you to forget the way the world works.”  -- Jason Zweig

Steven A. Cohen and Matthew W. Granade: Models will run the world https://on.wsj.com/2MYNuhz

"The software revolution has transformed business. What’s next? Processes that constantly improve themselves without need of human intervention."

Louis Hyman: It’s not technology that’s disrupting our jobshttps://nyti.ms/2ORlsVT

"The insecure nature of work is a result of decisions by corporations and policymakers." 

CULTURE

BO: “Crazy Rich Asians” made its debut at No. 1 in North American theaters over the weekend.

Today: The 35th annual MTV Video Music awards take place in New York.

HBD: Amy Adams, actress, Enchanted (2007), American Hustle (2013), 44

SOTD

U2 - With Or Without You (U2 At The BBC)http://bit.ly/2MXNluH

SPORT

AFP: 'We made incredible mistakes': Mourinho fumes as United crash

@BleacherReport: How soccer became the "biggest sport in Atlanta" thanks to the city's black community — including Waka Flocka Flame and 2 Chainz https://bit.ly/2vWuY2S 

LAT: Hall of Fame jockey Victor Espinoza, his body broken by one fateful fall, is holding on for dear life

AFP: Djokovic downs Federer to win long-sought Cincinnati crown

Today: The preseason college football AP Top 25 will be released at 12:00 noon ET.