Jul 18, 2017

McChrystal: To the world, "America First" sounds like "America Only"

Steven Senne / AP

America's foreign policy should focus on its relationships with other nations and how it nurtures those, said retired Gen. Stanley McChrystal on Monday at Fortune's Brainstorm Tech conference in Aspen.

"We're in a world where there are lot of nations that matter, and how we knit together… I think American foreign policy needs to be focused on that," he said.America only: "The mere saying of 'America First' — of course it sounds good! But when you're making a bumper sticker and putting it in a car, what you're saying is 'America Only,'" he said, adding that the country needs to pay more attention to how it presents itself to people around the world.Trump's leadership: "I don't think his hair would have passed my command standards," said McChrystal when asked to assess Trump's leadership level. Leadership book: McChrystal is currently writing a book with two co-authors about leaders throughout history, pairing several of them and analyzing their styles. Though it's not been decided, McChrystal would like it to be titled, "Leaders: A general theory of relativity," he said. Not about the tech: McChrystal, whose firm helps companies with their technology and strategy implementations, says the problems are never about either of those things — it's about getting the company to change its behavior.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.