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
HONG KONG (Reuters Breakingviews) - Alibaba's deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
HONG KONG (Reuters Breakingviews) - Tencent and Snap have sent a short but effective message to Facebook. The owner of China's killer app WeChat now owns 12 percent of its struggling U.S. peer, whose Snapchat service is best known for the ability to make photos vanish. Even though the shares are non-voting, the two companies have excellent reasons to connect.
NEW YORK (Reuters Breakingviews) - An American casino mogul is making a timely bet on Houston. The owner of both the Golden Nugget gaming enterprise and the Landry's restaurant empire will pay $2.2 billion for the Houston Rockets basketball team. Buying a trophy asset as the city rebuilds from Hurricane Harvey makes for awkward timing. And yet the deal also suggests an abiding faith in a recovery.
NEW YORK (Reuters Breakingviews) - Wells Fargo's supersized scandal magnifies the spotlight on its chief executive. An outside review that examined a longer timeframe uncovered another 1.4 million potentially fake accounts at the U.S. mega-bank with a $2 trillion balance sheet. With the board of directors and sales practices already grudgingly refreshed, boss Tim Sloan, a 30-year Wells Fargo veteran, sticks out as a vestige of the old regime.
NEW YORK (Reuters Breakingviews) - Amazon.com's real-life game of monopoly will come to feel just as endless as the board-game version. The e-commerce titan's plan to buy upscale grocery chain Whole Foods triggered fresh fears of its dominance. For the time being, consumers and investors probably keep winning.
NEW YORK (Reuters Breakingviews) - Nestle gives Dan Loeb a fresh peak to climb. The pushy billionaire boss of hedge fund Third Point has set his sights on the Swiss producer of everything from Alpo to Kit Kat and Perrier. Leviathan consumer groups have proven to be tough targets of late, both for activists and suitors. Loeb clearly likes a challenge, though, evidenced by his efforts to agitate Japanese companies to change.
NEW YORK (Reuters Breakingviews) - In a sense, Blackstone is back where it started. On June 22, 2007, at what turned out to be a market peak, Steve Schwarzman and Pete Peterson took their private-equity firm public in a ballyhooed transaction that inspired rivals to do the same. A decade on, the firm's units are trading only just above the $31 price where they sold ahead of their New York Stock Exchange debut. A better result over the next 10 years could require Blackstone to financially re-engineer itself. | Video
LOS ANGELES (Reuters Breakingviews) - As co-founder and CEO of Ares, Tony Ressler oversees the management of $100 billion. During a recent conversation in Los Angeles, he talked about the bull market under President Trump, his firm's struggling investment in Neiman Marcus and the rising cost of higher education.
NEW YORK (Reuters Breakingviews) - In the few short months since Adam Lashinsky turned in the manuscript of his new book about Uber to editors at Portfolio/Penguin, enough has happened at the ride-hailing leviathan to fill another one. That is of course beyond the author's control, but also creates the nagging impression that life already has sped past this literary journey's destination.
NEW YORK (Reuters Breakingviews) - Wall Street is finally waking up to the reality in Washington. The S&P 500 Index fell 1.8 percent on Wednesday in the most notable reversal to the so-called Trump rally since last year's U.S. election. Stockholders nevertheless remain too optimistic about any policy uplift.