Jennifer Saba
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
Breakingviews - Viewsroom: Tesla’s wild and crazy ride
NEW YORK (Reuters Breakingviews) - CEO Elon Musk’s tweet about wanting to take the company private is causing a stir. Unorthodoxy aside, its volatile boss and weak corporate governance means Tesla is better off the public roads. Plus, Pakistan’s likely new leader Imran Khan will have to go hat in hand to the IMF.
Breakingviews - Viewsroom: CBS’s $184 mln #MeToo challenge
NEW YORK (Reuters Breakingviews) - That’s what CEO Les Moonves gets if he leaves the U.S. TV network – unless fired for cause. That’s rare in corporate America. But allegations he sexually harassed women put the board on the spot. Plus: Hong Kong battles the Big Apple for IPOs. And China faces a vaccine scandal.
Breakingviews - Investors only tap brakes on record-high Facebook
DALLAS (Reuters Breakingviews) - Facebook is showing signs of stranger things. The social network’s stock closed at an all-time high on Wednesday, valuing it at some $630 billion. But then investors found enough to dislike in the company’s second-quarter earnings to bring an after-hours selloff. Yet a cauldron of fake-news scandals and possible regulation is lurking. The news feed could get a lot worse.
Breakingviews - Facebook and Twitter are lucrative quagmires
NEW YORK (Reuters Breakingviews) - Facebook and Twitter want to be like vibrant town squares, bustling with conversation and opinions of all stripes. Instead they look like swampy quagmires, where misinformation and bullying abound. Lawmakers and users are beginning to notice, but advertisers on the two social-media platforms have a higher tolerance for grime.
Breakingviews - Viewsroom: Europe puts Google in a bind
NEW YORK (Reuters Breakingviews) - The search firm can easily cover the EU’s $5 bln fine for using its Android phone system to stymie rivals. But the order to stop forcing handset makers to pre-install its software could clip innovation. Plus: Goldman Sachs and Tesla put lackluster corporate governance on show.
Breakingviews - Comcast’s second loss to Disney is a victory
NEW YORK (Reuters Breakingviews) - Comcast Chief Executive Brian Roberts is swallowing his ego a second time. The controlling owner of the U.S. cable firm decided not to top rival Walt Disney’s $71 billion bid for some assets of Rupert Murdoch’s Twenty-First Century Fox. He also backed down from an aggressive tilt at the Mouse House 14 years earlier. Given the eye-watering price Disney is paying, Roberts and his shareholders should come out the winners.
Breakingviews - Investors bet fake-news swamp is left undrained
NEW YORK (Reuters Breakingviews) - Investors are betting the fake-news swamp is left undrained. U.S. lawmakers on Tuesday grilled executives from Facebook, YouTube and Twitter about how they filter an ocean of content. Both the politicians’ questions and the company’s answers made any plausible bias-free approach seem remote. And the companies’ rising stocks suggest confidence that no serious regulation will follow.
Breakingviews - Netflix growth setback gives rivals an opening
NEW YORK (Reuters Breakingviews) - Netflix's growth stumble is a small gift to rivals. The streaming-video service attracted fewer subscribers than forecast in the second quarter, knocking more than $20 billion off its value. That will comfort Walt Disney and Comcast as they wage a costly battle for parts of Twenty-First Century Fox and Sky. Yet even a more sluggish Netflix remains far ahead in the race.
Breakingviews - One number in Fox bid battle just gets smaller
NEW YORK (Reuters Breakingviews) - The price tag for Twenty-First Century Fox assets keeps increasing as Walt Disney and Comcast fight for bits of Rupert Murdoch’s empire. Yet one number just gets smaller: the return on investment for whoever wins.
Breakingviews - Viewsroom: Trump goes hog wild on trade
NEW YORK (Reuters Breakingviews) - The U.S. president rejected hard-liners’ calls to ban China investing in sensitive U.S. tech. Yet he’s pushing for tariffs that could cost carmakers $45 bln and is livid Harley-Davidson will no longer make EU-bound bikes in the States. Plus: tapping China’s shale reserves.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 25,312.68 |
+
124.98 |
+0.50% |
| S&P 500 | 2,842.29 |
+
20.36 |
+0.72% |
| NASDAQ | 7,874.02 |
+
54.32 |
+0.69% |
| TR US Index | 253.51 |
+
1.87 |
+0.74% |
-30.81Sector Summary
| Energy |
+0.05%
|
| Basic Materials |
+0.27%
|
| Industrials |
+0.66%
|
| Cyclical Goods & Services |
+0.78%
|
| Non-Cyclical Goods & Services |
+0.70%
|
| Financials |
+0.54%
|
| Healthcare |
+0.35%
|
| Technology |
+0.62%
|
| Telecoms |
+0.77%
|
| Utilities |
+0.37%
|