Friday Morning Briefing: Bezos throws cash, engineers into space race

Share

August 3, 2018 Reuters News Now Highlights Amazon founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm's heavy rocket may slip behind schedule. A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow’s slide down the investment league table in recent years means the move will not pack the punch it once would have. The U.S. government told a federal court judge that volunteers and non-profit groups, rather than government officials, should take the lead in locating more than 400 immigrant parents who were separated from their children at the U.S.-Mexico border. Apple became the first $1 trillion publicly listed U.S. company yesterday, crowning a decade-long rise that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. Reuters Graphics explored the major milestone in a decade of stock gains fueled by its ubiquitous iPhone. Reuters  @Reuters Donna Fenn doesn't claim to be a stock-picking wizard - she just got lucky with a tip in 1985 on a then-little known company called Apple. @onehitGit reports: https://reut.tv/2MdAi88 5:48PM - August 3, 2018 World President Emmerson Mnangagwa called for Zimbabwe to unite behind him after he was declared winner of national elections, but the opposition leader questioned the outcome and demanded “proper and verified” results be released. The violence-marred triumph of the ruling ZANU-PF has dashed any optimism that this week's election would unambiguously mark the end of Zimbabwe's long, painful slide towards totalitarianism and economic implosion under Robert Mugabe, writes South African columnist William Saunderson-Meyer. Less than two months after a landmark U.S.-North Korea summit in Singapore, Secretary of State Mike Pompeo flew back to the city state and said North Korea’s continued work on weapons programs was inconsistent with its leader’s commitment to denuclearize. Meanwhile, Pompeo and Turkish Foreign Minister Mevlut Cavusoglu agreed to try to resolve a series of disputes, following Washington’s imposition of sanctions on two Turkish ministers over the case of Andrew Brunson, a U.S. pastor on trial in Turkey. Reuters Top News  @Reuters Two Reuters journalists have been detained in Myanmar since Dec. 12, 2017. See our full coverage: https://reut.rs/2yPnwus 5:59 AM - August 3, 2018 Business Ding! Always-on Alibaba office app fuels backlash among Chinese workers Since December 2014, DingTalk has grown exponentially to become the world’s largest chat service designed for companies, with over 100 million individual users and 7 million employers across China. But its rapid rise has sparked a backlash from Chinese workers who say the app fuels an unhealthy work culture. 7 min read Ritvik Carvalho  @ritvikcarvalho "The stock market trend continues to be characterized by a struggle between trade war distress, growth risks and strong corporate Q2 reports." Also, Italy bonds are selling off again! Read more in my global markets report w/ @abhinavvr https://reut.rs/2KmymZm 10:30 AM - August 3, 2018 Investors move to cash, anticipating Democratic gains in U.S. November elections The likelihood of a Democratic party takeover of at least one house of the U.S. Congress in the midterm elections in November is prompting some portfolio managers to move more money to cash and rotate away from sectors like financials and technology that could see greater regulatory scrutiny. 5 min read Clyde Russell  @ClydeCommods Are #commodities the canary in the coal mine on the Trump China trade dispute? There is some evidence that the trade war is starting to spill over into the real economy. https://reut.rs/2OJs9do 7:29 AM - August 2, 2018 Top Stories on Reuters TV White House warns of pervasive Russian meddling top news   2:23 Ivanka says press 'not the enemy of the people' national   2:02 Real news for busy people More Newsletters Reuters News Reuters TV               © 2018 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions