• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
LeadershipCEO Daily

HNA and Deutsche Bank, Moonves Talks, Elon’s Joint Venture: CEO Daily for September 7, 2018

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
September 7, 2018, 6:34 AM ET
Add Fortune on Google for similar content.

Good morning. David Meyer here, filling in for Alan from Berlin.

The public comment period for President Trump’s proposed new round of tariffs on Chinese goods—worth an escalation-tastic $200 billion this time—ended yesterday. That means the 25% levies could start to hit any time now, although Bloomberg reports that big American tech companies and retailers have been making a last-minute effort to change the president’s mind.

Companies such as Cisco and Hewlett-Packard say tariffs on Chinese networking equipment will ultimately make it more expensive for American consumers to access the Internet. The National Retail Federation says manufacturers and small-to-mid-sized firms will also bear the brunt of raised costs. China is promising to retaliate if the White House moves ahead with the new tariffs. No surprise that U.S. CEOs are losing sleep over all the unknowns being thrown into the mix.

Meanwhile, Trump is now hinting at a new trade rumble with Japan. Add this to the pile of unresolved disputes, which includes not only China but the European Union, Turkey, Canada and—until the fine print is out and the ink dry—Mexico.

The president says these battles are necessary because the U.S. is “losing many billions of dollars on trade with virtually every country it does business with,” but, at the same time, the U.S. economy continues to boom and jobs continue to be added. Today’s jobs report is expected to show an unemployment rate of just 3.8%, with growth in new jobs slowing mainly because there aren’t enough people out there to fill all the vacant positions—though Goldman Sachs also reckons some companies are delaying new hires because of tariff uncertainty.

There’s little doubt that these disputes will be a major topic of conversation at the 2018 Fortune Global Forum, which is being held at the invitation of Canadian Prime Minister Justin Trudeau in Toronto on October 15-17.

A bevy of Fortune 500 CEOs will meet there with innovators and experts from around the world, with participants including Louisa Cheang of Hang Seng Bank, Alex Gorsky of Johnson & Johnson, Steve Mollenkopf of Qualcomm, Chuck Robbins of Cisco, Joe Kaeser of Siemens AG, and many, many more. Here’s a list of participants and here’s the program.

This is an invitation-only event, and you can apply by visiting FortuneGlobalForum.com or popping an email over to GlobalForum@Fortune.com.

News below.

David Meyer
@superglaze
david@dmeyer.eu

Top News

HNA and Deutsche Bank

HNA Group, the giant Chinese conglomerate, is reportedly planning to offload most of its recent overseas investments, under pressure from authorities in Beijing who want it to shrink its balance sheet. According to The Wall Street Journal, the plan includes a complete divestiture from Deutsche Bank, in which it holds a 7.6% stake. HNA is apparently also looking to sell California-based Ingram Micro and the Swiss cargo handler Swissport International. WSJ

Moonves Talks

CBS is trying to negotiate Les Moonves's exit as CEO, and the board has reportedly offered him $100 million in stock to go away. Moonves's contract says he is owed up to $180 million in severance and a production deal. CNBC's sources say the board's offer would allow it to claw back some of the stock if the sexual harassment allegations that Moonves faces are shown to be true. CNBC

Elon's Joint Venture

Tesla CEO Elon Musk partook of a joint and drank whiskey on a livestreamed broadcast of the Joe Rogan Experience podcast Thursday night. He also said he has a design for an electric plane, though he conceded that his work on electric cars, solar energy and energy storage are "much more important" right now. "The momentum to sustainable energy is too slow," he said, according to The Verge. Meanwhile, a prominent short-seller is suing Musk and Tesla over that abortive going-private-oops-maybe-not episode. Reuters

BA Breach

Shares in International Consolidated Airlines fell by as much as 4% this morning after British Airways, one of the group's main carriers, admitted hackers stole customer card data in a "sophisticated" breach of BA's systems between August 21 and September 5. BA CEO Álex Cruz promised to "compensate any financial hardship suffered" as a result of the compromise of around 380,000 payment cards. Guardian

Around the Water Cooler

Bolsonaro Stabbing

The frontrunner in Brazil's upcoming presidential election, the far-right candidate Jair Bolsonaro, was stabbed at a rally. He sustained serious injuries, and had to have surgery on his intestines. The alleged assailant, who officials said is mentally disturbed, was beaten by Bolsonaro's supporters. The incident creates a bizarre situation where one leading candidate is in a hospital bed and the other—the left-wing former president Luis Inácio Lula da Silva—is in prison after a corruption conviction. BBC

Liu Cooperation

JD.com CEO Richard Liu—arrested and released last week after a rape accusation—is "willing to cooperate further" with Minneapolis law enforcement if requested, the company has said. "The situation in Minnesota did not have, and is not expected to have, any impact on JD.com’s day-to-day operations," the Chinese company said. Investors aren't so sure—JD.com has lost 16% of its market value since Liu's arrest. South China Morning Post

Elliott on Hyundai

Activist hedge fund Elliott Management wants to see a big shakeup, of Elliott's design, at Hyundai Motor Group. Elliott previously sunk Hyundai's own restructuring plans and is now complaining that its attempts to discuss a new plan are being blanked by the car giant. Hyundai said it expects to "share our thoughts on how to improve shareholder value with all of our shareholders in due course." Reuters

Bye Alex

Twitter has finally (as in permanently) kicked Alex Jones and his far-right conspiracy site Infowars off its platform, citing "abusive behavior" by their accounts. The straw that broke the camel's back was apparently a video Jones posted of him insulting the appearance of CNN reporter Oliver Darcy. Jones's take: "I was taken down not because we lie but because we tell the truth and because we were popular." NBC

This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

buffett
SuccessWealth
‘The man who dies rich dies disgraced’: The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
11 hours ago
Larry Page and Sergey Brin
SuccessBillionaires
Larry Page and Sergey Brin splash $225 million in Miami property as billionaires flee California’s tax—and Google is expanding its office there too
By Emma BurleighJuly 22, 2026
12 hours ago
Warren Buffett called Bill Gates’ Epstein ties ‘distasteful’ and pulled out of the Gates Foundation. Days later, a review revealed 30 meetings
North AmericaWarren Buffett
Warren Buffett called Bill Gates’ Epstein ties ‘distasteful’ and pulled out of the Gates Foundation. Days later, a review revealed 30 meetings
By Sydney LakeJuly 22, 2026
13 hours ago
Jon Gray leans while talking and sitting in a chair
SuccessCareers
Blackstone president Jon Gray tells Gen Z to think like founders at work—but a growing number are skipping the corporate ladder to become one for real
By Preston ForeJuly 22, 2026
13 hours ago
clark
North AmericaMedia
Ryan Clark found out he was fired live, mid-broadcast, on NFL Live as ESPN undergoes first major layoffs in 3 years
By Joe Reedy and The Associated PressJuly 22, 2026
14 hours ago
A woman observes stock trends on her smartphone while a computer screen displays financial graphs.
NewslettersCFO Daily
Beyond SpaceX: Why great IPOs depend on more than first-day demand
By Sheryl EstradaJuly 22, 2026
15 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
11 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.