Amazon has pulled off one of the most successful public relations coups in memory, creating more than a year of wild public suspense and — among cities — deep longing to host its next headquarters.
But now comes the hard part: finding 50,000 engineers, computer scientists and other skilled workers to staff complexes in two of the largest cities in the U.S. amid the tightest job market in five decades.
CNN is suing President Trump and "several of his aides" over the White House's revocation of Jim Acosta's press pass, per CNN.
Details: The lawsuit is being filed Tuesday morning, and alleges that CNN and Acosta's First and Fifth Amendment rights are being violated. The defendants in the lawsuit include press secretary Sarah Sanders, chief of staff John Kelly, Secret Service director Joseph Clancy, deputy chief of staff for communications Bill Shine, President Trump, and the Secret Service officer who took Acosta's pass last week.
President Trump, during his Tuesday morning Twitter tirade against France and its president, Emmanuel Macron, called out the country for charging tariffs on U.S. wine.
"On Trade, France makes excellent wine, but so does the U.S. The problem is that France makes it very hard for the U.S. to sell its wines into France, and charges big Tariffs, whereas the U.S. makes it easy for French wines, and charges very small Tariffs. Not fair, must change!"
The big picture: The European Union's import tariff on U.S. wine ranges from $0.11 to $0.29 per 750mL bottle, according to the California-based Wine Institute. The U.S., meanwhile, charges, between $0.05 and $0.14. Trump has long been critical of the EU's trade policies, and views potential auto tariffs as his best leverage in getting a fair trade deal.
Days after returning from a trip to France, President Trump tweeted his frustrations with French President Emmanuel Macron over his calls for the EU to create its own army, belittling France's defeat at the hands of Germany during WWII in the process, and his comments labeling nationalism as "a betrayal of patriotism."
"Emmanuel Macron suggests building its own army to protect Europe against the U.S., China and Russia. But it was Germany in World Wars One & Two - How did that work out for France? They were starting to learn German in Paris before the U.S. came along. Pay for NATO or not! ... The problem is that Emmanuel suffers from a very low Approval Rating in France, 26%, and an unemployment rate of almost 10%. He was just trying to get onto another subject. By the way, there is no country more Nationalist than France, very proud people-and rightfully so! MAKE FRANCE GREAT AGAIN!"
News verticals that once brought in big subscription dollars and advertiser interest, like auto and arts, are being replaced by new-age topics that are relevant to understanding the world today, like space, the future of work, artificial intelligence, the future of transportation, blockchain and misinformation.
Why it matters: Before newsrooms began to invest heavily on covering these topics, experts typically resorted to Medium or LinkedIn to post about industry advancements and news. Now, news publications have a wider audience for these types of stories, as technology becomes a bigger part of everyday life.
Mergers are central to media companies' strategies for competing with tech giants like Google and Netflix, but the merger review process has suddenly become a political football between President Trump and congressional Democrats.
Why it matters: Trump continues to comment on antitrust matters related to media companies he doesn't like, and experts worry the resulting political fray could hinder the Justice Department's ability to independently evaluate mergers.Media companies looking to merge amid an already difficult economic climate now have to consider this reality as a part of their business decisions.
People in Japan believe robots are coming for their jobs and will yield a more unequal society where it's harder to find work, according to a Pew survey.
By the numbers: 89% believe robots will do "much of the work" humans do today within 50 years. 83% think that will widen the gap between rich and poor, 74% think unemployment will grow and just 35% believe robots will create "new, better-paying jobs."
The Dow Jones Industrial Average closed 602 points lower on Monday, according to Yahoo Finance. The S&P 500 fell over 2%, putting it negative for the year, and the Nasdaq Composite dropped 2.8%.
Between the lines: Volatility is back with a vengeance. There's no single reason stocks are selling off — despite President Trump's unfounded claim to the contrary — although one driver today was Apple shares dropping after one of its key suppliers reported a decrease in order volume.
America's soybean farmers are hanging onto their crops in an attempt to wait out President Trump's trade war with China, more than doubling U.S. soybean inventories, reports Bloomberg.
The big picture: Retaliatory tariffs have drastically pushed down demand for American soybeans in China, easily the crop's largest market, with imports down by nearly 90%. And prices have fallen, too, as a bushel of soybeans now trades for less than $9 compared to more than $11 earlier in the year.
