Tech companies in both the U.S. and China are now in the trade war's crosshairs, following President Trump's new limitations on Huawei. Dan digs in with Sinocism editor Bill Bishop.
NBC News announced on Monday the hiring of CNN's longtime video executive Chris Berend to run its digital operation. Berend will replace Nick Ascheim, who is currently senior vice president of digital at NBC News and MSNBC. Ascheim will be taking a new role within NBCUniversal.
Details: "Over the next few weeks, Nick will be moving into a role working to improve digital performance across the NBC News Group and will continue to partner with the NBCUniversal Digital Enterprises team. More details will come on his role," the note says.
The hosts of "Fox & Friends" responded on Monday to Democratic presidential candidate Pete Buttigieg's criticisms of Fox News during a town hall on the network, saying that the South Bend mayor's discussion of Tucker Carlson and Laura Ingraham's shows showed "absolutely no courage."
"Don’t hop on our channel and continue to put down the other hosts on the channel, or the channel. If you feel that negative about it, don’t come."
Fanatics is an online retailer that has, through a combination of technology, manufacturing and licensing deals, muscled its way to the top of the sports apparel world.
Why it matters: In the past, big-box retailers like Dick's had to choose which jerseys to stock prior to the start of the season. This led to excess inventory when those players didn't perform or got injured, while leaving them poorly positioned to meet demand for breakout stars and traded players.
As a part of its multiyear restructuring plan, Ford will cut 7,000 jobs, or 10% of its global salaried workforce, the Wall Street Journal reports. Roughly 2,300 of those jobs are in North America, Ford's CEO said in an email Monday.
The big picture: The 500 layoffs coming this week will largely wrap up a restructuring of Ford’s global salaried workforce, but there is still work remaining to gets it global manufacturing operations in good shape, per Axios' Joann Muller.
With leaders of the world's 2 largest economies signaling they have no intention of backing down from a drawn-out trade war, a rollback of the globalization model that has helped create record stock prices and company profits looks firmly in motion.
What's happening: President Trump's America First agenda is the biggest driver of this trend but far from the only one. Countries have been putting up new barriers to cross-border trade and investment since before Trump took office.
"Morning Joe" co-host Joe Scarborough praised 2020 Democratic candidate Pete Buttigieg on Monday, calling the South Bend mayor "the future of the Democratic Party" after his town hall appearance on Fox News.
A U.S. Navy destroyer sailed within 12 miles of the disputed Scarborough Shoal in the South China Sea, claimed by the Chinese government, Monday, Reuters first reported.
Details: A spokesman for the Navy's Seventh Fleet said the USS Preble sailed to the uninhabited reef that's 120 miles west of the Philippines and claimed by the Philippine and Chinese governments to "challenge excessive maritime claims and preserve access to the waterways as governed by international law," according to ABC News.
