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) - Mark Zuckerberg’s slow defense reveals real weakness. The Facebook founder finally explained how users’ information was harvested - four days after the incident was revealed by press reports. But his promise to tighten controls rings hollow. The trouble is the social network is built on data. Truly securing it may blow up its business.
NEW YORK (Reuters Breakingviews) - Mark Zuckerberg has handed users one more reason to quit Facebook. Newspaper reports that a UK political consultancy used millions of user profiles creates fresh risks at the social network he founded. People are already spending less time on Facebook. The danger is that members may unfriend it altogether.
NEW YORK (Reuters Breakingviews) - China’s President Xi Jinping can now stay in power for life. Goldman Sachs CEO Lloyd Blankfein seems ready to retire after 12 years at the top. Yet five years may be the ideal length of service. Breakingviews columnists discuss the limitations to limitless rule.
NEW YORK (Reuters Breakingviews) - Apple is acquiring the goodwill of flag-waving magazine publishers for less than pocket change. The $925 billion iPhone maker is buying Texture, a digital subscription service for titles like Rolling Stone. The pixelated newsstand was intended as an antidote to Apple’s onerous terms. With the print industry suffering, though, buying it makes the tech giant look like a white knight.
NEW YORK (Reuters Breakingviews) - Imposing levies on steel and aluminum has lost the president his economic adviser, ex-Goldman No. 2 Gary Cohn. That has shocked investors out of complacency. Also: Italy’s elections leave fringe parties in charge. And big deals may be back on the agenda for the mining industry.
NEW YORK (Reuters Breakingviews) - A $1.8 bln scam at Punjab National Bank comes just months after the government injected $32 bln to bail out 20-odd state-run financial institutions. The scandal may increase calls for them to be privatized. Elsewhere: Will Sky be the limit for Comcast, Disney or Fox?
NEW YORK (Reuters Breakingviews) - Comcast Chief Executive Brian Roberts just did the deal equivalent of a photobomb. But it’s Rupert Murdoch who may end up smiling.
NEW YORK (Reuters Breakingviews) - Broadcom has lowered its hostile bid for Qualcomm after its target upped its longstanding offer for NXP. That decreases the chance the two larger rivals can strike a deal – assuming regulators wouldn’t nuke it. Plus: Credit Suisse shines a rare light on Asian investment banking.
NEW YORK (Reuters Breakingviews) - What’s the value of celebrity? It’s not just a theoretical question. Reality-star-model-cosmetic-maker Kylie Jenner wiped more than $1.5 billion from Snap's wobbly market capitalization on Thursday after she questioned the usefulness of its main product, disappearing-message app Snapchat. Influential fans can attract users, and repel them if they publicly flee. Balance sheets don’t capture that kind of asset, but maybe they should.
NEW YORK (Reuters Breakingviews) - Higher wages, inflation fears and the prospect of faster than expected rate hikes are posing challenges market players haven’t seen for years. Comcast may spike Walt Disney’s potion to acquire Rupert Murdoch’s entertainment assets. Plus, Singapore’s airshow has everyone buzzing.