The resumption of U.S.-China trade negotiations in October, after an acrimonious summer, is likely to offer the last chance for a breakthrough before both sides flip to a more hardline nationalist Plan B in 2020.
The big picture: The protracted dispute is impacting growth, business confidence and economic uncertainty in both countries. A 2019 deal remains probable and in each leader’s best interests, as President Trump looks to his 2020 campaign amid a softening economy and Chinese President Xi Jinping faces political liabilities from slowing growth.
Veteran media analyst Rich Greenfield is launching a technology, media and telecom research firm called LightShed Partners, alongside four other former colleagues from BTIG.
What's new: LightShed will initially offer tiered, subscription research for institutional investors like first client KKR.
Beginning this week, all NBC and Telemundo-owned local TV stations will use impressions instead of traditional ratings points to measure an ad campaign’s effectiveness, according to an agency pitch document obtained by Axios.
Why it matters: Local TV and radio are the last forms of media to still rely on traditional ratings points to measure the effectiveness of an ad campaign. Nearly every other type of media uses the cost per impression (CPM) to measure an ad's effectiveness.
Senior executives from 7 major newspaper publishing companies will head to Capitol Hill on Tuesday to convince lawmakers to do something about the dominance of tech companies over content creators, executives tell Axios.
Why it matters: This will be just the 2nd time that the newspaper industry has sent members to formally lobby members of Congress. It speaks to the major increase in lobbying efforts that the newspaper industry has used in recent years to combat the economic decline of its industry.
One America News network (OAN) filed a $10 million lawsuit in the Southern District of California Monday alleging MSNBC host Rachel Maddow defamed the conservative company by saying it "really literally is paid Russian propaganda."
Details: The lawsuit claims that Maddow knew the statement was false and that it was made in order to damage OAN because of its support of President Trump, and that counsel for NBC Universal said Maddow was using "literally" in a figurative sense when the conservative company asked for a retraction.
Group Nine Media, which includes digital lifestyle brands like The Dodo, NowThis, Thrillist and Seeker, has raised $50 million from Discovery Inc. and German publishing giant Axel Springer.
Why it matters: It's one of the biggest digital media investments in the past year. Investors have been mostly bearish on digital content companies because they are hard to scale and usually aren't very profitable.
August's weak reading for the U.S. Institute for Supply Management manufacturing index has analysts at Goldman Sachs bullish on "an opportunity for equity investors."
What it means: Goldman Sachs is expecting the S&P to end the year at 3100, up a little more than 4% from its current level, and to finish 2020 at 3400, meaning another year of meaningful gains.
J.P. Morgan Chase is close to winning the lead advisory role for state-owned oil company Saudi Aramco's IPO, which is expected to be the largest ever at $25 billion. A final decision is expected next week, CNBC reports, citing inside sources.
What's happening: Saudi authorities reportedly plan to sell 5% of Aramco’s shares on the local Tadawul stock exchange and launch another, much larger, offering in a foreign market in the next 2 years.
