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

Trendingnow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

2

Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
LeadershipCEO Daily

Snap Strategy, iPhone Manufacturing, Moonves Complications: CEO Daily for September 11, 2018

By
David Meyer
David Meyer
and
Alan Murray
Alan Murray
Down Arrow Button Icon
By
David Meyer
David Meyer
and
Alan Murray
Alan Murray
Down Arrow Button Icon
September 11, 2018, 6:19 AM ET
Add Fortune on Google for similar content.

Good morning.

Prime Minister Justin Trudeau joined Fortune last night at a dinner on the sidelines of the Toronto International Film Festival, along with a group of actors, filmmakers, and media, tech and entertainment executives. Instead of talking about NAFTA, Trudeau steered the conversation in a different direction, asking what “story tellers” can do to address the problem that he said was top of mind for him these days: the intransigence, polarization, unwillingness to listen to diverse points of view, and tribalism-run-amuck that afflicts society. What followed was a fascinating two-hour conversation that I can’t fully report here, because the dinner operated under the “Chatham House” rule. But I’m looking forward to revisiting some of that conversation when I sit down with the prime minister for an on-the-record talk at the Fortune Global Forum in Toronto Oct. 15–17. We may talk about NAFTA, too.

Also joining us on Day One of the Forum will be GE CEO John Flannery. Flannery has had a brutal first year in the job—can you think of any CEO who had a rougher start?—watching his stock price and market cap plummet by half. But he is ready now to lay out his vision for the new GE, and I suspect both investors and GE business partners will be eager to hear what he has to say. If you have questions you’d like me to ask, send them my way.

David reported on other CEOs who will be in attendance at the Forum in this newsletter on Friday. (You can read his report here.) A few he didn’t mention: Starbucks’ Kevin Johnson, Element AI’s Jean-Francois Gagne, RBC’s David MacKay, Mass Mutual’s Roger Crandall, PayPal’s Dan Schulman, Ampere Computing’s Renee James, Mondi’s Pierre Oswald, CA Technologies’ Michael Gregoire, as well as Veon Chair Ursula Burns and ex-Dow CEO Andrew Liveris.

Thinking you should be there too? We still have a few spots open. To avoid FOMO, shoot me an email…or apply here.

News below.

Alan Murray
@alansmurray
alan.murray@fortune.com

Top News

Snap Strategy

Snap's chief strategy officer, Imran Khan—not to be confused with Pakistan's new prime minister—is leaving the messaging firm to start an investment fund. Khan has been with Snap since 2014, when the company still shared its name with its chief product, Snapchat. He's expected to hang around for a transitionary period. Techcrunch

iPhone Manufacturing

How much more would an iPhone cost if Apple made them in the U.S., as President Trump is urging? 20% more, according to Bank of America Merrill Lynch, whose analyst Wamsi Mohan thinks Apple may give in. Apple has begged U.S. Trade Representative Robert Lighthizer to avoid more tariffs on Chinese imports, saying "it is difficult to see how tariffs that hurt U.S. companies and U.S. consumers will advance the Government's objectives with respect to China's technology policies." Fox Business

Moonves Complications

Les Moonves is only now out at CBS (except as an unpaid advisor, apparently) but the company's board had been discussing the allegations of his sexual misconduct since the start of the year. It seems the spat with controlling shareholder National Amusements was complicating matters, as some on the board believed Shari Redstone was asking other directors about the rumors because she wanted to stymie Moonves's resistance to her desired merger with Viacom. Wall Street Journal

Alibaba in Russia

Alibaba is setting up a new ecommerce venture in Russia along with a variety of local players, including online giant Mail.ru, mobile operator MegaFon and the Russian Direct Investment Fund. Alibaba's AliExpress Russian platform will be absorbed into the new venture, with its Russian partners gaining a combined 52% stake in it. The venture will use the Russian Mir payments system, which was developed as a response to post-Crimea-annexation Western sanctions. CNBC

Around the Water Cooler

Mexican Pact

Mexico's finance minister, José Antonio González Anaya, has said the country is willing to sign a bilateral trade pact with the U.S. if the latter country and Canada can't agree on a revised NAFTA. González Anaya also told the Financial Times that Mexico has signed a "side agreement" with the U.S. that freezes tariffs on Mexican car imports at 2.5%, so the industry is safe from any future tariff increases. Financial Times

ING CFO

Koos Timmermans has been kicked out as chief financial officer of ING, following the Dutch bank's $900 million mega-fine over clients' money-laundering activities. "Given the seriousness of the matter and the many reactions among stakeholders since the announcement and in the interest of the bank, we came to the conclusion it is appropriate that responsibility is taken at executive board level," said ING chairman Hans Wijers. Bloomberg

California Energy

California has moved ahead with its legal commitment to only use carbon-free electricity sources by 2045, becoming the second state after Hawaii to make such a promise. The new law was signed yesterday, with Governor Jerry Brown vowing to meet the terms of the Paris Agreement. Utility companies in California will have to get 60% of their energy from renewable sources within the next 12 years. BBC

Marijuanaville

Jimmy Buffett is getting into the medical marijuana business, licensing his Coral Reefer brand to Surterra, a Georgia-based operation that's invested in and chaired by former Wrigley chewing gum CEO William "Beau" Wrigley, Jr. Buffett isn't taking a stake in Surterra, but he will get royalties from Coral Reefer-branded items such as vape pens and edibles. Fortune

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

About the Authors
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Alan Murray
By Alan Murray
LinkedIn iconTwitter 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

Nvidia CEO Jensen Huang denies the chip boom will go bust soon and actually utters the infamous phrase ‘this time is different’
Big TechSemiconductors
Nvidia CEO Jensen Huang denies the chip boom will go bust soon and actually utters the infamous phrase ‘this time is different’
By Jason MaJuly 25, 2026
2 hours ago
SpaceX’s Starship V3 deploys most advanced Starlink satellites then pulls off best re-entry yet with splashdown so soft it floated in the Indian Ocean
Innovationspace
SpaceX’s Starship V3 deploys most advanced Starlink satellites then pulls off best re-entry yet with splashdown so soft it floated in the Indian Ocean
By Marcia Dunn and The Associated PressJuly 25, 2026
4 hours ago
Inside On’s tech lab, where robots build running shoes in 3 minutes and can eliminate up to 300 hours of human work
C-SuiteSportswear
Inside On’s tech lab, where robots build running shoes in 3 minutes and can eliminate up to 300 hours of human work
By Ruth UmohJuly 25, 2026
5 hours ago
Can Apple’s incoming CEO bring back the product design mojo of the Steve Jobs era?
MagazineApple
Can Apple’s incoming CEO bring back the product design mojo of the Steve Jobs era?
By Sebastian HerreraJuly 25, 2026
5 hours ago
g
SuccessCrime
Gen Z ‘teen takeovers’ go from hijinks to shootings, theft and vandalism. Blame ‘adolescent brain development’
By Safiyah Riddle, Corey Williams and The Associated PressJuly 25, 2026
6 hours ago
A Hims cofounder fired his entire marketing team for AI. Now his 24/7 online vet service is growing 20% a month
SuccessMarketing
A Hims cofounder fired his entire marketing team for AI. Now his 24/7 online vet service is growing 20% a month
By Sydney LakeJuly 25, 2026
6 hours ago

Most Popular

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
2 days ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
3 days ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
8 hours ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
2 days ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
10 hours ago
Current price of oil as of July 24, 2026
Personal Finance
Current price of oil as of July 24, 2026
By Joseph HostetlerJuly 24, 2026
1 day 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.