Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
NEW YORK (Reuters Breakingviews) - Despite Facebook’s mounting problems, only a third of independent shareholders refused to reelect Mark Zuckerberg and Sheryl Sandberg to the board. Tesla and Netflix owners tend to follow the leader, too. Yet protest votes are useful. Plus: Chinese stocks make it into the MSCI.
NEW YORK (Reuters Breakingviews) - Germany may not be the bookies’ clear favorite to lift the trophy. But a data dive into player values, population and other factors predicts the team will emerge victorious. Meanwhile, Italy stages an economic and political comic opera. Plus: Ant Financial’s $10 bln kitty.
NEW YORK (Reuters Breakingviews) - Getting Beijing to force companies to buy more U.S. soybeans and oil may help the Trump administration claim a numbers victory. But it reinforces China’s statist instincts while ignoring most U.S. business beefs with Sino-American trade. Plus: has Tencent hit a peak?
NEW YORK (Reuters Breakingviews) - The White House is threatening the automotive industry with a scorched-earth gambit. President Donald Trump on Wednesday asked Commerce Secretary Wilbur Ross to consider a so-called Section 232 investigation on all imports of vehicles and parts. That may well just be his fuel-injected bargaining chip for negotiations with partners in NAFTA, the North American trade pact. If the levies actually happen, though, it would leave domestic and foreign automakers reeling.
NEW YORK (Reuters Breakingviews) - Tesla’s CEO berated analysts for asking “boring, bonehead questions” after the electric-car maker reported a record quarterly loss. He then taunted Warren Buffett, suggesting his idea of corporate “moats” is sugary nonsense. Breakingviews columnists discuss why Musk is so testy.
NEW YORK (Reuters Breakingviews) - Dealmaking is breaking records. But more tie-ups are being pulled. And recent proposed unions like T-Mobile US with Sprint and Xerox with Fujfilm come with regulatory or boardroom drama. Crisis throwbacks and the careless brag-song of Sainsbury’s CEO are sending warning signals.
NEW YORK (Reuters Breakingviews) - Tesla is speeding toward capital-raise crunch time. The electric-car maker on Wednesday reported a loss of $710 million in the first three months of the year. It also experienced a slew of other problems, including annoying a regulator after disclosing information about a fatal crash and losing more key staff.
NEW YORK (Reuters Breakingviews) - Wells Fargo shareholders have given Chief Executive Tim Sloan a welcome respite. Owners overwhelmingly backed executive pay and directors at the $256 billion bank’s at times ill-tempered annual meeting on Tuesday. It’s Sloan’s first good news after a slew of regulatory hits, including last week’s $1 billion fine from the Consumer Financial Protection Bureau.
NEW YORK (Reuters Breakingviews) - Upstarts like LendingClub and SoFi need to find ways to keep customers returning – just as traditional banks are fighting back and Goldman Sachs’ digital push into consumer lending takes off. Also: how Malaysia’s prime minister may be re-elected despite the 1MDB scandal.
NEW YORK (Reuters Breakingviews) - Morgan Stanley is lumping its shareholders with a volatility challenge. In the first quarter the $94 billion Wall Street firm defended key turf against a surge from rivals and more than doubled fixed-income trading revenue from the last three months of 2017. That – and tax cuts – helped generate its best results in years, handily beating Chief Executive James Gorman’s admittedly underwhelming targets. The dilemma for investors is whether that merits a higher valuation.