This is the web version of CEO Daily. To get it delivered to your inbox, sign up here.
Good morning.
On the eve of a new decade, Fortune editors reached out to some of the smartest people we know, and asked what big changes are in store for the 2020s. The results are being published this morning. A few excerpts:
“One innovation that’s coming…is cell-based meat. In the long term, it’s going to be bigger than plant-based meats, which don’t taste like meat without being extremely processed. But cell-based meat—that is, meat grown from animal cells—could change the planet. That trend will break in the next decade.”
—John Mackey, cofounder, Whole Foods
“More and more multibillion-dollar tech companies will be built outside Silicon Valley. There are some great areas like Seattle, Denver, Austin, Washington, D.C., and San Diego where you can live comfortably and send your kids to good schools.”
—Aileen Lee, founder of Cowboy Ventures, who coined the tech term “unicorn”
“Today 60% of farmers say they don’t have enough connectivity to run their businesses; 78% do not have a choice of ISPs; and 60% say what they do have is slow. Modern agriculture relies on cutting-edge ag tech and precision farming tools to boost production, address climate concerns, and improve sustainability…In the coming decade, we will either connect rural America, or risk losing it.”
—Beth Ford, CEO Land O’Lakes
“A four-year college degree is not the only path to a well-paying job. This outdated thinking is partially to blame for holding back America’s growth and blocking many people’s access to opportunity. We must consider more inclusive means of hiring the best and most talented people to meet the needs of our rapidly changing economy.”
—Jamie Dimon, CEO, JPMorgan Chase
What do other CEO Daily readers see in store for the next decade? Send me your thoughts, and I will publish some tomorrow.
More news below.
Alan Murray
@alansmurray
alan.murray@fortune.com
TOP NEWS
Trumpeachment
Donald Trump yesterday became the third U.S. president to be impeached, in a House vote that almost entirely followed party lines—no Republicans voted for impeachment, and only a few Democrats voted against (with one of them, Jeff Van Drew, being set to become a Republican.) As with the House impeachments of Bill Clinton in 1998 and Andrew Johnson in 1868, the Senate is expected to acquit Trump. New York Times
Huawei Europe
Huawei chairman Liang Hua said the contentious Chinese telecoms giant plans to manufacture components at a European production site, following a feasibility study to figure out which country will get the factory. The move might help assuage European fears over the security implications of using Huawei equipment. Liang also said the firm no longer relies on chips and other components from American companies, following Trump-administration restrictions on U.S. firms supplying Huawei. AFP
Central Bank Hack
Hedge funds hacked into a live audio feed of Bank of England press conferences, so they could profit by hearing the words of governor Mark Carney slightly before everyone else. The central bank has referred the case to the Financial Conduct Authority. Guardian
Parental Leave
After Business Roundtable members asked Congress to "enact federal legislation to make paid family and medical leave benefits available to as many working Americans as possible," JUST Capital had a look at how Roundtable members themselves stack up on paid parental leave. Turns out that, while 41% of large-cap companies overall offer paid parental leave, the figure among Business Roundtable members is 61%. Fortune
AROUND THE WATER COOLER
Swatch Deal
Switzerland's antitrust regulator has banned Swatch—the world's biggest watchmaker—from selling watch movements to other large companies, from January 1 to sometime in mid-2020, when the watchdog (pardon the pun) will make a final decision on a long-running competition case. This is bad news for Swatch and big-name customers such as Richemont, Chopard and Breitling. Bloomberg
Australian Heatwave
Having set a new record for the national average temperature on Tuesday—40.9°C, or 105.6°F, up from 40.3°C almost eight years ago—it looks like Australia took one day to beat the record. Preliminary meteorological data showed a national average of 41.9°C on Wednesday. Roads are melting in some areas. But Australia's pro-coal government has been lobbying to water down climate change action. BBC
Glovo Investment
Spain's Glovo—a delivery firm in the vein of Postmates and DoorDash—has become the country's second "unicorn" startup following a $167 million investment led by Mubadala, the Abu Dhabi sovereign wealth fund. Glovo, which wants to expand beyond its current focus on food delivery, will also use the cash to expand geographically. CNBC
Billionaire Backlash
Why are billionaires suddenly being vilified rather than admired in the U.S.? As Fortune's Geoff Colvin writes, it's largely a partisan-politics issue, but the widespread love shown for billionaires such as Oprah Winfrey and Steven Spielberg complicates the picture. Ultimately the question is one of fairness. Fortune
This edition of CEO Daily was edited by David Meyer.
