President Trump and Indian Prime Minister Narendra Modi are rushing to finalize trade deal terms ahead of the United Nations General Assembly at the end of the month, reports Reuters.
Why it matters: "A deal between the world's most populous democracies would be a welcome victory for Trump" as a trade war with China rages on, writes Reuters. Modi and Trump have been using tariffs in an attempt to "boost investment in manufacturing" in both countries.
Shawn McCreesh spoke with entertainment execs and journalists who describe Hope Hicks, now Fox Corp. EVP and chief communications officer, "much the way the Washington press corps does: delightful and delightfully competent, for Graydon Carter's weekend newsletter Airmail.
"A year ago Hicks was at the white-hot center of the Free World, fielding calls from the New York Times and patching through heads of state. Now excitement comes in the form of tours of Century City back lots. Though not always. Familiars say she self-deprecatingly describes pariah status with certain Hollywood stars this way: 'No one on the cast of Modern Family wants to see me.'"
Pennsylvania and Wisconsin lost thousands of manufacturing jobs over the past 12 months, despite President Trump's claims that "assembly lines are 'roaring,'" Bloomberg reports, citing new regional data from the Labor Department.
Between the lines: Trump's "pledges to reignite the [manufacturing] sector are a cornerstone of his economic message," writes Bloomberg. The swing states were helpful to Trump's 2016 victory, and will be important in his run for a second term in 2020.
Trade negotiators from China cancelled visits to meet farmers in Montana and Nebraska on Friday, around an hour after President Trump said he was interested in a "big deal," not “a partial deal” with China, the Washington Post reports.
The big picture: The U.S. trade war with China has reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war, Moody’s Analytics estimates. The National Foundation for American Policy estimates that tariffs will cost U.S. households $2,000 each by next year.
Amid plans to go public in 2020, Airbnb is still sparring with New York City in its latest battle over illegally listed short-term rentals, Bloomberg reports.
Why it matters: Investors want the company "to sort things out with New York" before filing for its IPO, according to Bloomberg — but "Airbnb has been at odds with New York for almost its entire existence."
Video Game Entertainment & News Network (Venn), a startup seeking to make 55 hours of esports content a week, plans to launch studios in New York and Los Angeles in mid-2020, the Los Angeles Times writes.
The big picture: The New York-based business has raised $17 million and is looking to become a gaming network, with distribution deals including Twitch, YouTube and Hulu TV. The esports category has expanded in popularity, particularly with young people, with platforms like Twitch allowing gamers to grow more connected by streaming their activities.
