Monday's economy & business stories

Having lost the Factor, O'Reilly turns to podcasting
After his ouster from Fox News amidst allegations of sexual harassment, Bill O'Reilly announced Monday that he would be expanding his long-running podcast, which has typically been just a few minutes in length. O'Reilly said for now it will be about 15 minutes of talking points, memos, and analysis, eventually working up to a fuller, genuine news program with guests. On his departure from Fox:
"I am sad that I'm not on television anymore…I was very surprised how it all turned out...I'm very confident the truth will come out and when it does…I think you're going to be shaken, as I am. There's a lot of stuff involved here…I can't say anymore, I just don't want to influence the flow of information."

Apple's self-driving car: new details emerge
Apple's self-driving car program appears to be less ambitious than initially thought, according to new filings with the state of California uncovered by IEEE Spectrum.
What the filings show:
- Apple is working on systems for highway and city use.
- Apple's program is very new—its oldest self-driving car has logged only 700 miles.
- Apple's request for exemption from some DMV regulations suggests "Apple is not intending to build a full self-driving car but only an accessory or software for other manufacturers." This is in contrast to more ambitious programs by Waymo and Zoox.

Megyn Kelly will make her NBC debut in June
PageSix scooped that former Fox News star Megyn Kelly will officially start at NBC in May, and her Sunday night show alongside Kate Snow will premiere in June. Kelly was originally expected to start in July after her contract with Fox expired, but she was released from the Fox deal two weeks ago.
Behind the scenes: NBC News executive producer David Corvo will produce Kelly's Sunday show with NBC producer Elizabeth Cole. NBC News chairman Andy Lack also flew to Russia earlier this month to meet with Vladimir Putin's spokesman, which PageSix says is sparking buzz that a Putin interview could kick off Kelly's show.
Look ahead: Kelly's second NBC show, a weekday morning program, won't debut until the fall.
Note: NBC is an investor in Axios and Andy Lack is a member of the Axios board.

Trump admin kicks off trade talks with Europe
Commerce Secretary Wilbur Ross will kick off trade talks with Europe when he hosts Cecilia Malmström, the EU's trade commissioner, on Monday. They will discuss plans to proceed with negotiations over Transatlantic Trade and Investment Partnership (TTIP), the free trade deal first proposed by the Obama Administration in 2013.
Data: Bureau of Economic Analysis; Chart: Lazaro Gamio / Axios
Why it matters: The US trade deficit in goods and services with Europe is the second largest to China. The decision to proceed with negotiations with Europe as a whole, rather than bilaterally with Eumembers, represents a concession from Trump. Germany is the source of more than two-thirds of America's deficit with Europe, and the administration has blamed Germany's use of the Euro for much of this gap. But demanding bilateral negotiations would likely have gone nowhere, as it is against EU rules.

Sean Hannity denies sexual harassment allegations
The accusation: Debbie Schlussel told Tulsa, Oklahoma radio station KFAQ that Hannity repeatedly attempted to lure her to his hotel during a book signing event in Detroit. She said Hannity called her after the show and yelled at her, "it was made clear to me that I didn't go back to his hotel with him after."
The defense: Hannity told the New York Daily News that Schlussel has been lying about him for "well over a decade" and that she "has a history of making provably false statements against me in an effort to slander, smear and besmirch" his reputation.
Why this matters: The accusations are the latest in a series of sexual harassment claims made against male Fox News employees.
Stat of the day: tobacco companies are killing it
From a Wall Street Journal front-pager, "Surprise Rebound ... Against All Odds, the U.S. Tobacco Industry Is Rolling in Money":
- "Americans spent more at retail stores on cigarettes in 2016 than they did on soda and beer combined."
- The gist ... Tobacco companies killing it: While far fewer people smoke today, the companies have jacked up prices so much that revenue is higher today than 15 years ago.

Trump's new cable diet: More Fox News, less everything else
A series of reports this weekend reveal that the President has gotten pickier about his media diet publicly, but in private, he's still fueled by the entire cable news ecosystem — a circus he has created around his sharp attacks and viewing habits that seems to fuel him.






