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
DETROIT (Reuters Breakingviews) - Shareholders are leaving Auto 2.0 in the hard shoulder. As the industry gathers in Detroit for its annual confab, carmakers are revving up their plans for the next generation of vehicles. Ford on Sunday said it's more than doubling its electric battery investment to more than $11 billion by 2022. A day earlier, General Motors revealed it had asked regulators to approve its driverless car. Toyota, Volkswagen and others are tanking up, too. Investors, though, aren't buying it.
NEW YORK (Reuters Breakingviews) - Talk of buying fewer of Uncle Sam’s bonds may be Beijing’s way of showing some teeth as the Trump administration mulls import tariffs. But as with other retaliatory trade tactics, it would hurt China too. Plus, why Nelson Peltz doesn’t want to be called an activist investor.
NEW YORK (Reuters Breakingviews) - More government borrowing and less central bank buying will force bondholders to fend for themselves, Breakingviews predicts. Plus, passive funds will force out a CEO, electric vehicles give gasoline cars a run for their money and soccer clubs’ spending splurge will intensify.
NEW YORK (Reuters Breakingviews) - Companies that sweep settlements for bad behavior under the carpet will feel shareholder ire in 2018, Breakingviews predicts. Plus, Apple will float past the EU’s roving eye, splintering political parties are a ticking U.S. time bomb and bank bosses may hang up their hats.
NEW YORK (Reuters Breakingviews) - Disney’s $66 bln deal for the bulk of Rupert Murdoch’s entertainment empire is a reaction to the rapid rise of streaming-content providers like Netflix, and lets CEO Bob Iger delay retirement again. Elsewhere: the Democrats win in Alabama, and Chinese bike-sharing rides towards M&A.
NEW YORK (Reuters Breakingviews) - A $20 billion accounting loss can be a good thing, when the company in question is Citigroup. The mega-lender’s woes during last decade's financial crisis helped make "writedown" a household word. Now the $200 billion colossus may take another whopping great hit. This time the potential loss, sparked by planned U.S. tax cuts, is actually pretty helpful.
NEW YORK (Reuters Breakingviews) - Aetna CEO Mark Bertolini is bagging $500 million from selling the insurance company to drugstore chain CVS – despite only a middling performance as boss. Behind such healthcare mergers: a desire to cut out a surfeit of middlemen.
NEW YORK (Reuters Breakingviews) - The chipmaker’s hostile tilt at Qualcomm is a rare aggressive move in the sector. Qualcomm has its own issues, awaiting approval for its NXP deal and fighting Apple in court. It all suggests the tech sector is too frothy. Plus: Is Hong Kong losing its moxie as a financial center?
NEW YORK (Reuters Breakingviews) - Crown Prince Mohammed bin Salman has a $500 bln plan to attract new business to the oil-dependent kingdom: build a utopian society on the Red Sea free of many of Saudi’s legal and cultural constraints. Plus: why tech and finance execs won’t be joining President Trump in Asia.
NEW YORK (Reuters Breakingviews) - The bustling metropolis of Dubai should not, by rights, exist. The most populous of the seven absolute monarchies that constitute the United Arab Emirates has only modest oil reserves. To generate electricity it relies on importing natural gas - especially from Qatar, with which it severed diplomatic ties in June. And it has virtually no natural fresh water. Yet Dubai and its population of 2.7 million people now boast GDP of around $40,000 a head, according to the government of Dubai’s Statistics Center. | Video