Skip to Content

CEO Daily: Brexit’s long shadow

Saturday Morning Post: The Weekly View from Washington

With the eyes of the world focused on the Brexit fallout, President Obama turned up at Stanford University on Friday to talk about boosting diversity in the tech industry. The event — a panel discussion followed by a QnA with Facebook’s Mark Zuckerberg to close out the 7th Global Entrepreneurship Summit — was just the kind of soft initiative designed to pad the schedule of an outgoing president in the dog days of his last summer in office. In the context of the global aftershock from the British vote, it arguably took on a deeper resonance.

Zuckerberg himself has cautiously embraced a more political posture this year. On Friday, he told the young entrepreneurs such an approach is to key to succeeding, since those who build thriving companies “care fundamentally about the change they’re trying to create in the world.” And he’s cast Facebook’s connectivity mission as a challenge to the isolationism and anti-immigration hardline driving Donald Trump’s candidacy, making waves in an April speech calling out “fearful voices talking about building walls.” He could just as easily have been talkng about the British vote. Zuckerberg hasn’t endorsed in the presidential race, but when Hillary Clinton this week rolled out a list of 56 business executives backing her, fully a third hailed from the tech world, including Facebook COO Sheryl Sandberg.

The sector faces particular exposure in the mess across the pond. But what it shares with other industries in rooting against Brexit it also shares with Obama and his would-be Democratic successor: An investment in preserving and strengthening the institutions promoting global economic integration. Trump scored easy points in the Republican primary by demagoguing trade deals — a critique Clinton insincerely adopted in her own contest. Yet the candidates split on Brexit. Trump embraced the British vote, framing the rejection of “rule by the global elite” as a sign of his impending victory in November. The stateside wages of the decision for everyone from tech executives to retirees could recast the general election debate about just how disconnected American voters want the world to be.

Tory Newmyer

Top News

Megyn Kelly tears into CNN

This week there was big news in political media when CNN announced that it had hired recently fired Trump campaign manager Corey Lewandowski to be an on-air commentator. That didn’t go down well with a lot of people, citing that he may have a non-disparagement clause that stops him from criticizing Trump. Among those critics was Fox News anchor Megyn Kelly.  Politico

Sanders will go for Clinton

Bernie Sanders still hasn’t dropped out of the presidential race, and he’s still campaigning despite the fact that he can’t win the Democratic nomination. In a move that will likely please Democratic insiders, though, Sanders has said that he will cast his vote for Clinton in order to defeat Donald Trump. New York Times

Conservative senators praise Brexit

It wasn’t just Donald Trump who praised the British voting to leave the European Union. Conservative senators including Jeff Sessions, Ted Cruz and former Senator Jim DeMint all voiced their support for decision. DeMint even tweeted a picture of himself eating a “full English” breakfast as a way to celebrate the result.  Washington Post

Around the Water Cooler

Trump is still after evangelicals

Donald Trump won a lot of evangelical votes in the Republican Primary. He’ll have to get the voting bloc to turn out in force if he wants to compete in the general election. It looks like he might have a good chance of getting them to the polls. The Atlantic

Obama celebrates Pride

President Obama announced this week that the Stonewall Inn, the place where the gay rights movement began in earnest, would be a national monument. This comes during pride month and just weeks after a mass shooting at an LGBT club in Orlando.   Politico

Clinton State Department calendar causes waves

Hillary Clinton can’t seem to escape the scandals that have emerged from her time at the State Department. The latest headache is reports of meetings with donors and other political loyalists being hidden from her official calendar. Associated Press