Monday's economy stories

Laura Ingraham to take over Fox News' 10 p.m. hour
Laura Ingraham, the fiery conservative commentator known for her radio show and frequent appearances on Fox News, has landed Fox's 10pm hour, with a show titled "The Ingraham Angle." The program will debut on October 30th, and will see Sean Hannity's show move to the 9pm hour, while "The Five" will move back to the 5pm time slot, starting Sept. 25.
- Timing: The reshuffle in the network's primetime lineup comes after Eric Bolling's exit amid sexual harassment allegations, which led to the cancellation of his 5 P.M. show The Specialists.
- Between the lines: Ingraham, who is already well-known and liked among Fox News viewers, may be able to provide much-needed stability during a time of unrest at the network.

Since '08, Walmart paid 46x more income tax than Amazon
Walmart is worth half as much as Amazon but has paid 46 times more income tax since 2008 — $64 billion versus Amazon's $1.4 billion, writes Scott Galloway, an NYU marketing professor.
"The most uncomfortable question in business, in my view, is how do we pay our soldiers, firefighters, and teachers if a firm can ascend to $460 billion in value (#5 in the world) without paying any meaningful corporate taxes," writes Galloway, author of the forthcoming The Four, an examination of Big Tech.
Why Amazon pays so little: Amazon is worth a lot to investors, but since its founding has plowed almost all its profit back into the business: Since 2008, Walmart has earned $229 billion before tax and paid dividends; Amazon has reported just $14 billion in profit, with no annual cash payout to shareholders.

Report: Meghan McCain could hop to ABC's "The View"
Meghan McCain, former Fox News host and the oldest daughter of Sen. John McCain, is reportedly in talks to join ABC's "The View," per CNN, citing three sources familiar with the matter.
McCain announced last week that she was leaving Fox News' "Outnumbered" last week. Meanwhile, Jedediah Bila, former Fox News contributor and panelist on "Outnumbered" announced Monday that she is leaving "The View," where she's served as the program's conservative panelist.
Trump loomed large over the Emmys
Sean Spicer wheeled onstage at last night's Emmys behind an SNL mobile podium: "This will be the largest audience to witness the Emmys, period — both in person and around the world."
Jon Favreau of Pod Save America tweets: "Harvard fellowships, Emmy appearances, huge speaking fees: there's just gonna be no penalty for working in Trump's White House, huh?"
"Politics Win Big: TV shows reflecting current events are lauded during the ceremony, and stars onstage get in digs at Trump," by L.A. Times TV Critic Lorraine Ali:
Challenging media math: how to make “real money” in digital
NBCUniversal CEO Steve Burke talks to Jessica Lessin, founder and CEO of The Information, about "the math puzzle that keeps all media executives up at night":
- "On any given night, about three and a half million people watch 'The Tonight Show' on linear television. Over the course of the next number of days, almost the exact same number, three and a half million, watch it online ... We make real money off the first. We don't make very much money off the second. Every year, the three and a half million is going to go to 3.3, to 3, and the online will go 3.5 to 3.6."
- In quest of solutions to that puzzle, Burke sees Snap CEO Evan Spiegel every month or so to plot new areas of collaboration.
- Burke, whose $500 million bet on Snap is now worth about 12% less: "Snap treats professional content with respect, unlike Facebook, just to give a real pointed example. We are making real money on Snap."
Disclosure: NBC is an investor in Axios.

Biden to oppose universal basic income
Former Vice President Joe Biden tomorrow will push back against "Universal Basic Income," or UBI, one of the most popular suggested solutions to the massive eradication of jobs that's feared because of automation. UBI is a check to every American adult, but Biden thinks that it's the job that is important, not just the income. In a blog post tomorrow timed to the launch of the Joe Biden Institute at the University of Delaware, Biden will quote his father telling him how a job is "about your dignity. It's about your self-respect. It's about your place in your community."
Why this matters: UBI is seen as a solution to growing inequality and unemployment driven by technological change that's gained credence among some tech executives and investors. Hillary Clinton considered making it a part of her 2016 presidential campaign.
The Biden institute's emphasis the first semester will be the future of work and Biden will host an event at 4 pm Tuesday in Wilmington, with speakers including Biden; Elaine Chao, the secretary of transportation; and Mary Kay Henry, president of the Service Employees International Union. It will be livestreamed here.

The smart money on Wall Street is shorting Amazon's rivals
Few bets have been smarter this year than wagering on Amazon's success, and against its top competitors. And now short-selling by investors suggests an increasing consensus that Amazon will not only continue to weaken its retail rivals, but soon dominate markets for fresh groceries and auto parts, according to Ihor Dusaniwsky of financial analytics firm S3 Partners.






