Renowned Pulitzer Prize-winning investigative journalist Bob Woodward plans to release his first book on President Trump's White House.
The details: Publisher Simon & Schuster said Monday that “Fear: Trump in the White House” is set to release on Sept. 11. “[It] is the most acute and penetrating portrait of a sitting president ever published during the first years of an administration,” said Jonathan Karp, president and publisher of Simon & Schuster, in a statement. Woodward, an associate editor at the Washington Post, is known for his coverage of the Watergate scandal, which led to President Richard Nixon's resignation.
The Trump administration bailing out all the industries affected by the president’s escalating trade war could cost American taxpayers $39 billion, according to the U.S. Chamber of Commerce’s analysis.
Flashback: Agriculture Secretary Sonny Perdue last week announced details of an emergency plan to extend $12 billion in aid to farmers who produce certain goods like soybeans, prompting rebukes from farm state Republican lawmakers in Congress.
Washington Nationals shortstop Trea Turner issued a statement Sunday night apologizing for offensive tweets that were uncovered from 2011 and 2012, becoming the third Major League Baseball player this month to face the consequences of their unsavory digital footprints, ESPN reports.
Why it matters: For the first time, professional athletes are growing up to face a world where their thoughts and opinions as teenagers are forever preserved in cyberspace. As these scandals increase in frequency, so too will the recognition that 140 characters is more than enough to derail a budding career.
E-commerce startups, especially those in the fashion and lifestyle spaces, are testing novel methods to keep young shoppers coming back in a saturated market.
Why it matters: Millennial spending habits on retail are impulsive as they spend more freely than other generations. New startups are popping up on their Instagram feeds to advertise free trials or referral codes to get them in the door — but retaining those free-flowing dollars can be more difficult.
President Trump's lawyer Rudy Giuliani made the rounds on morning news show circuit Monday, notably claiming that "collusion is not a crime" during an appearance on Fox & Friends.
Why it matters: It's a notable moving of the goalposts by Trump's personal lawyer. And it comes just one day after Trump denied any collusion — as he often has — and continued his withering rhetoric against Special Counsel Robert Mueller's investigation on Twitter.
Retailers are increasingly using technology like geolocation mapping and virtual shopping assistants in an attempt to increase shoppers' loyalty.
Why it matters: "Physical retail is not dead. Boring retail is," Steve Dennis, strategic adviser on retail growth, wrote in Forbes. Consumer data is key to understanding consumer preferences and lifestyles. The trick for brick-and-mortar retailers now is to figure out how to use data and technology, while also personalizing the physical shopping experience.
Billionaire Charles Koch told reporters at his political network's conference on Sunday that President Trump's trade policies could prove to be "disastrous," per TIME.
"Any protectionism at any level, certainly at a national level, is very detrimental. There are scientific and historical reasons. I mean, every nation that has prospered is one that didn’t engage in trade wars."
— Charles Koch
Why it matters: The Koch network has signaled a stark move away from the Trump administration's priorities this weekend — just ahead of this fall's midterms. And Koch himself signaled that he could be open to supporting Democrats who support free-market ideals over Trump's protectionism, saying, "“I don’t care what initials are in front or after somebody’s names."
President Trump unleashed a series of tweets Sunday lambasting the news media's coverage of his administration, saying that he won't "allow our great country to be sold out by anti-Trump haters in the dying newspaper industry."
"When the media - driven insane by their Trump Derangement Syndrome - reveals internal deliberations of our government, it truly puts the lives of many, not just journalists, at risk! Very unpatriotic!"
The backdrop: His Twitter tirade comes hours after he announced that he had met earlier this month with A.G. Sulzberger, the publisher of The New York Times, which Trump claimed involved a discussion "about the vast amounts of Fake News being put out by the media. But Sulzberger issued a statement afterward that he accepted the meeting "to raise concerns about the president’s deeply troubling anti-press rhetoric."
"This administration believes in the freedom of the press, and President Trump and I and our entire administration have provided extraordinary access to the media. The president answers to many questions in so many different settings, and I can assure you that we’ll continue to do that. But maintaining the decorum that is due at the White House I think is an issue that we’re continuing to work for."
Our thought bubble: Collins said she was chastised by administration officials who objected to her questioning of the president when she was the TV pool reporter, but Axios' Jonathan Swan tweets: "I watched the video of Kaitlan asking questions. There was zero wrong with her decorum and in fact we rely on pool reporters to do exactly what she did every day."
Stores that once dedicated whole sections to compact discs are now throwing them in bargain bins as demand for music on CDs shrinks.
The big picture: As streaming services replace previous modes of music consumption, CDs are too young to be considered vintage and too old to keep their value. Stores like Best Buy and Target that were once powerhouses for CD sales are inching toward a CD-less model, according to the Star Tribune.
President Trump tweeted Sunday morning that he had met with A.G. Sulzberger, the publisher of The New York Times — which the White House confirmed occurred on July 20, per The Washington Post.
"Had a very good and interesting meeting at the White House with A.G. Sulzberger, Publisher of the New York Times. Spent much time talking about the vast amounts of Fake News being put out by the media & how that Fake News has morphed into phrase, 'Enemy of the People.' Sad!"
The response: Sulzberger issued a statement that he accepted the meeting "to raise concerns about the president’s deeply troubling anti-press rhetoric," adding that he "told the president directly that I thought that his language was not just divisive but increasingly dangerous."
BMW has said it will increase prices 4% to 7% in China on two SUV models manufactured at its South Carolina factory — the X5 and the X6 — in order to partially offset costs from new tariffs on automobiles, reports Reuters.
The big picture: Beijing hit American auto imports with a 25% hike in retaliatory tariffs on July 6, bringing the total import duty to 40%. Like Ford, BMW's price rise indicates the German automaker will absorb the bulk of the higher import costs stemming from the trade dispute — while Tesla has hiked its Chinese prices by about 20%.
