North Korea, Ireland, Estonia, Samsung, Netflix, Real Madrid v Liverpool

Marc Ross Daily June.png

North Korea, Ireland, Estonia, Samsung, Netflix, Real Madrid v Liverpool

Marc Ross Daily
May 25, 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


✔️ Trump’s gamble hits reality check in North Korea

✔️ Is Kim Jong-un back in Beijing?

✔️ Relations between Australia and China are buckling

✔️ The death of retail is greatly exaggerated

✔️ People in their 20s and 30s are drinking less alcohol


NYT: Trump’s gamble hits reality check in North Korea negotiations

The North Korea summit crumbled after China lined up against it:
 NBC News reports, Xi became increasingly anxious about the potential reunification of the Korean Peninsula, with China on the sidelines.

Is Kim Jong-un back in Beijing? High-ranking North Korean official reportedly visiting Chinese capital: AP reports, the North Korean official arrived in Beijing by air before being picked up by a Chinese government vehicle, the source said.

After summit pullout, South Korea and China have little appetite for Trump’s ‘maximum pressure': WP reports, Trump credited his “maximum pressure” campaign of sanctions and threats with bringing North Korea to the negotiating table to discuss its nuclear weapons program. Now, having abruptly decided to call off an unprecedented summit with North Korean leader Kim Jong Un in Singapore next month, Trump looks poised to revert to a hard-line approach. There’s just one problem: “The multilateral pressure coalition has fallen apart,” says Mira Rapp-Hooper, an East Asia expert at Yale Law School’s Paul Tsai China Center.  

@TheEconomist: Donald Trump's decision to cancel the meeting had come to seem almost inevitable

WP: ‘A lot of dial tones’: The inside story of how Trump’s North Korea summit fell apart

The weird zigzags of a ship trying to navigate the US-China trade war: CBC reports, the travels of an 80,000-tonne shipment of an obscure American feed crop symbolize everything wrong with Trump's trade fight with China.

US Secretary of Commerce Wilbur Ross will travel to China from June 2 to June 4.

Then there was eighteen: Taiwan lost its second diplomatic partner in less than a month as the West African state of Burkina Faso severed relations. Taiwan now only has diplomatic recognition with just 18 states.

Relations between Australia and China are buckling as suspicion grows over the latter’s political meddling.

Turbulent week for Trump's trade tactics puts the world on edge: Bloomberg reports, over five days, the U.S. called off a trade war with China, cast doubt over the framework of talks with Beijing, and threatened tariffs on car and truck imports to protect national security. In other words, it’s been just another week for the volatile trade policy of President Donald Trump. The coming days aren’t looking much calmer.

@sallyshin: who's ready for GDPR!!!

Today: St Petersburg Forum begins in Russia

Crude has slipped back under $70/bbl.

Bankers may have moved $13 billion through Baltic laundromat: Bloomberg reports, banks operating in the Baltic nation of Estonia may have laundered considerably larger sums than first thought. Estonian police now estimate that bankers in their country were involved in suspicious transfers of money and securities, mainly from Russia, totaling more than $13 billion from 2011 to 2016.

Europe is ready to move on from Brexit: Leavers hoped to start a continent-wide revolution. Turns out there are more pressing problems.

As Brexit clock ticks, the UK tries to agree on a plan: WSJ reports, an idea being considered could avoid a disruptive exit from the EU, but London may not unite behind it before a critical June summit.

"Since Britain voted to leave the EU in June 2016, politicians on both sides have committed to preserve the status quo on the island of Ireland. But the British government has also said it plans to leave the EU customs union and its single market, which would necessitate customs checks along the Irish border with Britain."

Telegraph: Theresa May needs to quit as Prime Minister over 'Greek tragedy' Brexit talks - major Tory donor

Scotland's bid for another shot at independence is creeping back
: Bloomberg reports, After championing the cause for staying in the European Union, Scotland’s nationalists are reigniting their effort to leave the U.K. with plans for a new currency, economic regime and an open door for immigrants. A report published on Friday by a Scottish National Party commission made the case that Scotland should look to emulate small, better-performing economies such as Denmark and New Zealand. 

You can read the report here:

Ireland votes: Irish voters will decide today whether to remove a ban on abortion from the country's constitution.

Italy’s new coalition government presents Europe with a difficult choice: pacify populists or pull no punches.

Military looks at foreign recruits to boost ranks: CBC reports, Canada's military is considering lifting a longstanding citizenship requirement as a way to boost its numbers. Right now, Canadian citizenship is a key requirement for enlistment, with waivers offered in exceptional cases.

Escaping Venezuela: Migrants are pouring into Brazil by the thousands looking for work and a chance at a new life. 


Roger Stone sought information on Clinton from Assange, emails show: WSJ reports, ex-Trump adviser urged intermediary to ask WikiLeaks for specific dates of rival candidate’s communications.

"Please ask Assange for any State or [Hillary Clinton] e-mail from August 10 to August 30--particularly on August 20, 2011" 

Today: Trump delivers commencement remarks at the US Naval Academy

Trump 2020: Donald Trump's 2020 campaign and the Republican National Committee wrote to Facebook and Twitter to ask how they will "guarantee that conservative voices are no longer censored."

@parscale: We won’t tolerate bias toward conservatives or @realDonaldTrump supporters. We’re standing up for you and demanding answers. @GOPChairwoman and I have sent the following letter to @facebook’s Mark Zuckerberg and @Twitter’s @jack Dorsey. #StopTheBias

US house prices: Home values have jumped 8.7% since last April, per Zillow. That's the fastest pace since 2006.

Senior Republicans blast Trump’s auto tariff threat: Bloomberg reports, Senator Orrin Hatch of Utah said Thursday the move would amount to a tax paid by American car buyers. Ron Johnson of Wisconsin said Congress should take back some of the powers it has given the president to impose tariffs on national security grounds, while Bob Corker of Tennessee said the administration “is using trade policy maybe too transactionally.” The U.S. Chamber of Commerce said in a statement it "strongly opposes" the Trump administration’s threat of tariffs. If carried out, the proposal would “threaten to ignite a global trade war,” the group said.

Trump identifies his trade weapon of choice, to the dismay of Congress: WSJ reports, the president’s use of a national security law to threaten tariffs, most recently on imported cars, has lawmakers, the auto industry and foreign trade partners worried.

WSJ - Editorial: Trump’s trade confusion

"Auto tariffs, NAFTA bullying and China disarray, oh my."

The Trump trade - Why corporate America loves Donald Trump: The Economist reports, American executives are betting that the president is good for business. Not in the long run.

Where US manufacturing is thriving in 2018: The ‘80s futurist John Naisbitt once called manufacturing “a declining sport,” and to be sure the share of Americans working in factories has fallen far from the 1950 peak of 30% to roughly 8.5% last year. Yet, manufacturing’s contributions to the economy are far out of proportion to its shrinking share of employment. In 2013, the manufacturing sector employed 12 million workers, but generated an additional 17.1 million indirect jobs.


Lego has partnered with Tencent to offer videos for the Chinese market.

Samsung has been ordered to pay Apple $539 million in a patent infringement case.

Netflix briefly surpassed Walt Disney Co. in market value Thursday to be the most valuable global media brand.

I am long DIS and short NFLX.

StumbleUpon will shut down June 30.

The great sneaker race: Gucci, Prada, and Balenciaga are increasingly looking to sneakers for growth, putting them in direct competition with sportswear giants like Nike and Adidas.

Uber announced today that it plans to invest €20M ($23.5M USD) in France over the next five years to develop aerial mobility.

Kellogg’s cereal brand Froot Loops is rolling out its first new flavor in 10 years: Wild Berry.

Publicis Groupe is no longer a holding company. As of today, it's a "platform." Meet Marcel


33 industries that could be transformed by driverless cars

Drinking: People in their 20s and 30s are drinking less alcohol. One in 5 millennials doesn’t drink, and 66% say that alcohol isn’t important to their social lives, according to a survey by Demos.

No phone vaca: According to a survey of 2,000 US travelers from Asurion, a mobile device insurance company, and OnePoll, a UK-based marketing research company. more than 20 percent of respondents said they checked their smartphones once per hour during their most recent vacations while about 14 percent said they checked it twice per hour.

The death of retail is greatly exaggerated


Harvey Weinstein facing arrest in New York following sex assault inquiry: NYT reports, Harvey Weinstein, the disgraced movie mogul, is expected to surrender to investigators on Friday after a monthslong inquiry into allegations that he sexually assaulted numerous women. Mr. Weinstein is to be charged by the Manhattan district attorney’s office, according to two law enforcement officials.

Scientists plan to scour loch ness in search for the mythical monster's DNA: NDTV reports, the project's leader, Neil Gemmell of New Zealand's Otago University, doubts that the Loch Ness monster actually exists.

Today: National Wine Day

Barry Ritholtz's 10 books for a summer reading list


Jamie T - Sheila


UEFA Champions League - Final

Real Madrid v Liverpool @ 2:45 ET on Saturday

All you need to know about the Champions League final

The French Open is already mired in controversy even before play starts on Sunday: Bloomberg reports, Serena Williams, resuming her comeback after maternity leave, is unseeded and will open against a tough opponent in 70th-ranked Kristyna Pliskova. Ivanka Trump blasted the Women's Tennis Association, saying the three-time champion is being penalized professionally for having a child.

2018 World Cup Jerseys (photos)

BBC's World Cup promo ad: The BBC was inspired by the centuries-old Russian tradition of tapestry for its World Cup 2018 promo -- it has created an incredible, intricate animated tapestry of the tournament's history, as well as a real-life work of embroidery. The animated launch film "The Tapestry," created by BBC Creative with BBC Sport Marketing and directed by Nicos Livesey of Blinkink, takes the viewer on a journey through iconic moments from World Cup's past, from Diego Maradona's ball skills to Paul Gascoigne's tears and through to the current team lineup. You can see the ad here:

The British bookmaker betting big on American sports gambling: William Hill’s early wager may soon pay off.

North Korea, China, Tariffs, ZTE, Ireland, Starbucks, Pot

Marc Ross Daily.png

North Korea, China, Tariffs, ZTE, Ireland, Starbucks, Pot

Marc Ross Daily
May 16, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

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

Subscribe here


✔️ North Korea abruptly postponed talks with South Korea

✔️ US business groups bash Trump's China tariffs plan

✔️ Jacob Rees-Mogg refuses European Economic Area

✔️ Women sweep to victory in House primaries

✔️ China is Facebook's second largest market after the US


US-China trade relations: Yesterday, I had the opportunity to speak with Asieh Namdar with CGTN-America. We discussed the state of US-China trade policy and the future of trade between the two countries. You can see the clip here:


North Korea abruptly postponed talks with South Korea to protest US-South Korean military exercises and threatened to scrap a summit next month between Trump and North Korean leader Kim Jong Un if there is “a one-sided demand for us to give up our nukes.”

Welcome to The Bigs, Mr. Trump.

FT: Asia markets soften as Korea talks collapse

US firms seek tariff relief as US and China try to mend rift
: AP reports, corporate America is seeking relief from President Donald Trump's threatened tariffs on at least $50 billion in Chinese goods as negotiators seek to prevent a trade war between the world's two biggest economies. As the US government began three days of hearings on the tariffs Tuesday, Chinese Vice Premier Liu He traveled to Washington to seek a resolution to the trade dispute. A similar high-level US delegation made a trip to Beijing earlier this month and returned empty-handed.

NYT: Businesses race to Washington to sway Trump on China tariffs

Bloomberg: US business groups bash Trump's China tariffs plan

Just about everything is odd about Trump’s support of Chinese firm ZTE: WP reports, just about everything is odd about President Trump's recent tweet that he wants to help Chinese technology company ZTE “get back into business, fast” because its failure costs “too many jobs in China.” It's odd that Trump, who campaigned on saving millions of U.S. jobs, suddenly says he cares about a few thousand Chinese jobs. It's odd that Trump, who championed “America First,” is worried about a single Chinese firm.

FT: US and China ‘still very far apart’ on trade, says US ambassador

Is China straight-up bribing Donald Trump? Vanity Fair reports, the president suddenly softens on a Chinese business after Beijing bankrolls a Trump Organization project.

"So it was a bit odd to see Trump pull a complete 180, suddenly insisting that the company and its 75,000 Chinese jobs must be saved, though to be fair, tweeting “Look, China just pumped $500 million into a Trump Organization project so I had to do them a solid” might not have gone over so well."

NAFTA: Negotiators from Canada, Mexico, and the United States are unlikely to strike a deal for a revised North American Free Trade Agreement deal by Thursday.

Pot in Canada: On Monday, the world’s largest marijuana producer was formed when Aurora Cannabis, which is headquartered in Vancouver, bought medical-marijuana firm MedReleaf for about CA$3bn (€2bn) in stock. The acquisition is the latest in a string of maneuvers in Canada’s cannabis economy ahead of new legislation that could legalize the drug on 1 July – Canada’s national holiday. 

WSJ: Trump's goal for NAFTA rewrite looks unattainable in 2018

Spain’s top economists vow to boycott all-male panel discussions. 

Tory MP Jacob Rees-Mogg refuses European Economic Area: Rees-Mogg met PM Theresa May yesterday and assured her that the 60 or so Tory Brexiteers that he leads in the European Research Group will not back down over the customs partnership. He argued that abiding by EU rules without having a say in how they were made would completely undo the purpose of the Brexit vote.

Why the future of Northern Ireland is crucial to Brexit negotiations: The Times reports, as a recent poll causes grave concern among senior Tories on all sides of the argument, Sam Coates, the Times deputy political editor, breaks down ten key reasons the province has become critical to the debate.


Brigadoon Annapolis | Salon Dinner + Lectures = Sep. 20-21, 2018

Brigadoon Detroit | Salon Dinner = Oct. 11, 2018

Brigadoon Cincinnati | Salon Dinner = Nov. 1, 2018

Brigadoon Scotland 2018 = Nov. 11-13, 2018

More info @


CIA: Gina Haspel is on track to be confirmed by the US Senate.

Today: Trump will meet and hold a working lunch with Uzbekistan President Shavkat Mirziyoyev. 

Novartis has announced the departure of general counsel Felix Ehrat over his role in a $1.2M contract it struck with Michael Cohen.

Related: Marc Ross: CEOs need to learn lessons from the AT&T and Michael Cohen scandal

Election 2018: Democratic women had a good night, winning seven primaries for House seats in Pennsylvania and threatening the state's all-male congressional delegation.

Women sweep to victory in House primaries: Politico reports, voters decide key battleground contests in 4 states.

Top Dem presidential hopefuls audition for 2020: Politico reports, the first cattle call of 2020 drew a host of big names, The Center for American Progress’ Ideas Conference allowed possible 2020 candidates to test out messages on progressivism in the Trump era.

A reckoning for Obama's foreign-policy legacy: Veterans of the last administration are learning a hard lesson: Policies constructed by executive order and executive agreement are just as easily blown up by them.

Hurricane Genesis and Outlook Project report predicts that there will be 11 to 18 named tropical storms this year.


Starbucks is looking to double down on the Chinese market as traffic growth comes under pressure in the U.S. The coffee chain hopes to more than triple its revenue and almost double its store count in China over the next five years. It currently has around 3,300 stores in 141 cities across the country.

China is Facebook's second largest market after the US: AdAge reports, nearly 10 percent of Facebook's global revenue, or about $5 billion, comes from China, despite being banned from operating in the country, according to a new report by Pivotal research analyst Brian Wieser. This means China is the second-largest ad spender on Facebook, only behind the US.

No Facebook for you: As part of its purge of bad content from its platform, Facebook deleted 583 million fake accounts and 865.8 million posts during Q1 2018.

Facebook’s blockchain move raises eyebrows: FT reports, Zuckerberg flirts with decentralization of his very centralized social network.

Amazon is debuting a Prime loyalty program that includes an extra 10% off on sales items and weekly discounts at Whole Foods.

Kellogg has discontinued its operations in Venezuela due to the ongoing social and economic distress in the nation.

Lime, the e-scooter company, is raising $500 million.

How China's tech revolution threatens Silicon Valley: A look inside Beijing's booming start-up scene shows how ubiquitous the country's tech culture is.


Great things take time: Why focusing on the long-term is more important than ever


RIP: Tom Wolfe employed literary techniques in his magazine articles, pioneering the New Journalism of the 1960s and ’70s. He wrote books such as “The Electric Kool-Aid Acid Test” and “The Right Stuff”; his first novel, “The Bonfire of the Vanities,” was a bestseller.

Tom Wolfe, writer, 1930-2018: FT reports, American literary and journalistic iconoclast who Norman Mailer said was the hardest working writer of his time.

The Tom Wolfe syllabus: The pioneer of New Journalism died at the age of 88 on Monday. From ‘The Electric Kool-Aid Acid Test’ to ‘Bonfire of the Vanities,’ the Ringer staff looks back on his most striking work.

Royal Wedding: UK Home Office Minister Victoria Atkins has today signed the order relaxing pub licensing laws for the royal wedding this weekend. UK subjects will be permitted to toast the happy couple in pubs across the land until 1:00 am on both Friday and Saturday night.


Today @ 2:45 pm ET: UEFA Europa League Final = Marseille vs. Atletico Madrid