Marc Ross Daily
September 10, 2019
Curation and commentary from Marc A. Ross
Reporting from Alexandria, Virginia
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Johnson, Blue States, WeWork, 'Joker,' Man City
✔️ Johnson loses fresh attempt to hold snap election
✔️ Trump's new math: Inside the plan to flip blue states in 2020
✔️ SoftBank urges WeWork to shelve IPO
✔️ Phoenix hails 'greatest' role as 'Joker' hits Toronto
✔️ Man City becomes soccer's first 'billion-dollar' team
Johnson loses fresh attempt to hold snap election: FT reports, UK parliament suspended for five weeks amid protests by opposition MPs.
Johnson ows Oct. 31 Brexit as law rules out no deal, second election bid fails: WSJ reports, British Prime Minister Boris Johnson stuck to his pledge that the U.K. would leave the EU on Oct. 31—even as a law came into force preventing the country from leaving on that date without an agreement and Parliament again rejected his bid to call an election before then.
Reuters: Boris Johnson tells parliament: You can tie my hands, but I will not delay Brexit
A chaotic night in Britain’s Parliament leaves Johnson with bleak choices on Brexit: WP reports, with Parliament suspended for the next five weeks, Prime Minister Boris Johnson has virtually no chance of getting a fresh vote before Oct. 31, the deadline by which Britain is due to leave the E.U
British parliament speaker to step down amid Brexit crisis: AFP reports, John Bercow, the speaker of Britain's House of Commons, announced Monday that he would step down within weeks, issuing a warning to the government not to “degrade” parliament. Bercow bent parliamentary rules to give lawmakers the chance to challenge government policy, most recently to pass a law seeking to block a no-deal exit from the European Union.
UK Parliament closes, but lawmakers don’t go quietly: NYT reports, in the early hours of Tuesday, the country’s elected body was closed down in a ceremony that featured a rod, a mace and a few lines of Norman French.
Uproar in the Commons as parliament is suspended: The Times reports, Parliament was suspended this morning amid extraordinary scenes of protest in the Commons chamber by opposition MPs. Members held up signs saying “Silenced” and shouted “Shame!” as a five-week prorogation began at about 1:30 am.
Italy’s leader wins confidence vote after denouncing populist rhetoric: NYT reports, Giuseppe Conte’s new coalition government passed its first hurdle as he vowed to leave “explosive, belligerent statements behind.”
Sidelined Matteo Salvini joins far-right protests outside Italy’s parliament: The Times reports, Matteo Salvini took to the streets of Rome yesterday to promise demonstrators outside parliament that he would bring down Italy’s new government and retake control of the country.
FT: Margrethe Vestager holds on to EU’s top competition role
Lionel Laurent: Emmanuel Macron can play Brexit poker too: The French president's tough stance ahead of an Oct. 31 deadline is part of a strategy to apply maximum pressure without slamming the door shut.
Stage set for Macron’s ‘second act’: FT reports, after months of gilets jaunes protests, €25bn in extra public spending has bought the French leader time for reforms.
North Korea test-fired more short-range missiles this morning.
Aviation Beijing: Beijing’s hotly-anticipated Daxing Airport is complete and will open to travellers on September 20, ahead of the 70th anniversary of the founding of the People’s Republic on 1 October. Spanning 700,000 sq m, the starfish-shaped terminal is a collaboration between French firm ADPI and Zaha Hadid Architects. Beijing Capital, the city’s only other international airport, is the world’s second busiest airport but Daxing is still expected to handle 45 million passengers per year by 2021. This number could rise to 72 million by 2025.
The world expected a Chinese tech takeover. Alibaba can’t even conquer Vietnam. WSJ reports, the Chinese juggernaut handles more business than any other company. Yet like many of its compatriots, it has struggled to expand into new markets.
China’s pork prices soar, adding to Beijing’s troubles: NYT reports, Chinese grocery bills were already rising because of the trade war. Officials are now calling for ‘an attitude of urgency.’
FT: US colleges look to insure against impact of trade war
American export of education is being hit by tariffs battle with China.
Rep. Kevin McCarthy: America must support the people of Hong Kong: Congress should pass a new act allowing the US to impose sanctions on China.
Julia Lovell: Xi Jinping’s claim to Mao’s mantle carries risks: A monolithic party system struggles to deal with China’s current challenges.
Japan may have to dump radioactive water into the sea, minister says: Reuters reports, Japan's Tokyo Electric Power will have to dump radioactive water from its destroyed Fukushima nuclear power plant into the Pacific Ocean as it runs out of room to store it, the environment minister said on Tuesday.
Sharpiegate update: Commerce Secretary Wilbur Ross threatened to fire top employees at the National Oceanic and Atmospheric Administration after its office in Birmingham, Ala., contradicted President Donald Trump's claim last week that Hurricane Dorian might hit Alabama, according to three sources.
WP: Democrats investigate whether Trump, Giuliani pressured Ukraine to aid 2020 reelection bid
Todd Palin appears to have filed for divorce from Sarah Palin.
Trump's new math: Inside the plan to flip blue states in 2020: Time reports, Trump steps on stage for a campaign rally in Rio Rancho, New Mexico next week, even his own campaign staffers know he will be facing long odds. A Republican candidate for President hasn’t won the state since 2004, when Bush beat Kerry there by a margin of just 5,988 votes. Trump himself lost the state by eight points to Clinton in 2016 and his disapproval rating among registered voters there is a crushing 57%, according to the Morning Consult voter tracking poll. Nonetheless, Trump’s campaign is betting it can win in New Mexico. Flush with cash, the campaign is planning to announce a state director and additional ground staff there in the coming weeks, a campaign official tells TIME. Internal campaign data has convinced Trump’s political advisors they can energize a slice of the state’s Hispanic voters to vote for Trump in 2020 by emphasizing Trump’s handling of the economy, border security, and his trade confrontation with China.
Trump’s approval rating falls amid recession, trade war fears: WP reports, Trump’s approval rating in the Washington Post-ABC News poll stands at 38 percent, down from 44 percent in June. The survey highlights how one of Trump’s central arguments for reelection — the strong U.S. economy — is beginning to show signs of potential turmoil.
LAT: Can Kamala Harris recapture the lost magic? She gets her shot Thursday
Trump holds rally ahead of North Carolina election seen as bellwether: WSJ reports, Trump traveled to North Carolina to rally on behalf of a congressional candidate as he goes all-in on a special election both parties see as a referendum on the man in the White House and a bellwether for 2020.
Trump, Republicans try to keep grip on North Carolina congressional district: Reuters reports, one of the most expensive special elections for the US Congress takes place on Tuesday in North Carolina, with both major parties watching to see whether President Donald Trump's Republican Party can keep its grip on a long-held seat.
Michael Bloomberg to spend $160 million to ban flavored e-cigarettes.
Google targeted in new probe by 50 attorneys-general: FT reports, search and advertising business practices come under fresh scrutiny.
Brigadoon Los Angeles 2019 | Salon Dinner
Topic: Business Startup Strategy | Operations + Finance
Location: Jonathan Club - Beach (Santa Monica)
More details + tickets - here.
Amazon’s new multistory warehouse aims to cut delivery times: WSJ reports, Amazon has agreed to take space in a first-of-its-kind three-story warehouse, a new type of distribution center that could reduce delivery times in congested cities to hours rather than days. While common in densely-populated Asian and European cities, modern warehouses with multiple floors have been absent until recently in the US, where higher land and construction costs deterred developers.
Alibaba’s new chairman says he has to reinvent retail before someone else does: Bloomberg reports, Daniel Zhang isn’t worried about replacing Jack Ma. He’s worried about replacing Alibaba.
SoftBank urges WeWork to shelve IPO: FT reports, cool reception from investors to proposed float of lossmaking property group.
Apple launches new products at its headquarters in California.
Bloomberg: Thiel's venture firm to invest $45 million in India AI startup
Phoenix hails 'greatest' role as 'Joker' hits Toronto: AFP reports, Joaquin Phoenix said his critically acclaimed role in "Joker" was "one of the greatest experiences of my career," as the dark and ambitious comic book adaptation sent Toronto's film festival into a frenzy Monday. Fresh from scooping Venice's prestigious Golden Lion prize for best film on Saturday, the "Joker" premiere was the hottest ticket in town at North America's biggest film festival.
‘We blew it’: Forbes named 99 men and only one woman on its list of ‘most innovative leaders’: WP reports, outrage erupted on Twitter over the list, developed by business professors and published by Forbes. The magazine has now created a task force in response.
WSJ: Promoter sues US Soccer for blocking foreign-club matches
Stephen Ross-owned Relevent Sports alleges federation conspires with FIFA, others to limit competition.
US Soccer has blocked Relevent’s attempts to bring in-season matches to the U.S. that count in the standings and conspired with FIFA not to sanction such events, the suit alleges.
California lawmakers vote to undo NCAA amateurism: NYT reports, a bill passed by the State Assembly would allow college athletes to make endorsement deals. It is expected to reach the desk of Gov. Gavin Newsom.
Man City becomes soccer's first 'billion-dollar' team: study: DW reports, Manchester City has become the first billion-dollar football team, according to a new study. The Premier League champion has spent more than any other team assembling its squad.
The Swiss-based organization's study revealed Man City invested €1.01 billion ($1.12 billion) on its current players.
French champions Paris St. Germain scored second place in the CIES study with a €913 million spend on its squad.
Enjoy the ride + plan accordingly.