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

Trendingnow

1

Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

2

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

3

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

1

Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil

2

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

3

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
NewslettersCEO Daily

Why provocateur Scott Galloway believes America is adrift

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 29, 2022, 5:46 AM ET
Updated January 15, 2025, 9:56 AM ET
US America and China flags on chess king on a chessboard
Getty Images
Add Fortune on Google for similar content.

Good morning.

NYU business professor, podcaster, and all-purpose provocateur Scott Galloway has a new book out this week that attempts to capture the current state of America in 100 charts. The title is Adrift, which should help you catch his drift. A few random data points:

—“For roughly every 10 citizens in developed nations, six believe the U.S. used to be a good example of democracy but no longer is.”

—“The U.S. was once the largest trading partner of the great majority of nations. But since 2000, China has superseded America in this regard. Today three times as many nations call China their largest trade partner than can say that about the U.S.”

—“In 1958, 75% of Americans trusted the federal government to do the right thing almost always or most of the time. That percentage hasn’t surpassed 30% since 2007.”

—“Since 1960, corporate profits have grown 85-fold; employee compensation, 38-fold.”

—“Sixty-four percent of people who join extremist groups on Facebook do so because the algorithm steers them there…In reality, what social media favors is that which divides us.”

—“American Gen Zers open their phones almost 80 times a day…That means, in an average week, a young adult might have sex once, laugh about 120 times, and open their phone more than 550 times.”

Galloway not only charts our problems, but also charts some potential solutions. Not sure I would endorse all of them, but at the very least, it is a thought-provoking and engaging book.

Also this morning, a couple of important new product launches at Fortune. The first is Fortune Recommends—our well-researched take on the best in credit cards, bank accounts, insurance policies, mortgages, and other financial products.

And the second—custom-made for an era in which people can work from anywhere—is our new list of the 25 Best Places to Live for Families, the result of a massive data crunching effort by the Fortune Well team. Their top five:

  • Ann Arbor, Michigan
  • Wylie, Texas
  • Olathe, Kansas
  • Mason, Ohio
  • Morrisville, North Carolina

Move early to avoid the rush. Find the other 20 cities here. More news below.


Alan Murray
@alansmurray

alan.murray@fortune.com

TOP NEWS

U.K. crisis

The Bank of England, which was just about to embark on quantitative tightening, yesterday instead launched an emergency £65 billion bond-buying program to stop a pensions-sector meltdown, which would have in turn been sparked by last week’s market-shocking, unfunded tax cuts. The move aided bond markets and the pound, which recovered slightly from its recent plummet. Asian markets also rose. However, Prime Minister Liz Truss went on a tour of local radio stations this morning, and her inflexibility and lack of reasoning saw gilts back on the rise. Fortune

Porsche IPO

Porsche’s long-awaited IPO took place this morning, pricing the company at around $72.5 billion, which is nearly as much as parent Volkswagen is worth. The flotation, which is expected to raise around $19 billion, is Germany’s second-largest ever (after Deutsche Telekom in 1996). Shares were priced at the top end of the range, at €82.50 ($79.71), and began trading at €84. Reuters

Russian planes

Russia is having big trouble with its planes, because Boeing and Airbus won’t send spare parts anymore. So the country is hoping that local manufacturer Rostec can pump out 1,000 new aircraft by the end of the decade—using local parts too, because even Chinese supply isn’t a sure thing. Fortune

AROUND THE WATERCOOLER

The Fed is oversteering on inflation–every signal suggests it’s already cooling, by Jeffrey Sonnenfeld and Steven Tian

Banks and business leaders who use ESG aren’t ‘woke.’ They’re protecting their bottom lines, by Erika Fry

Goldman Sachs says 3 factors could push Tesla’s stock higher in the coming weeks, by Anne Sraders

The stock market is crashing, but 10 stocks have seen gains of more than 30% this year. And 7 of them are in a single sector, by Lucy Brewster

Chip bans on countries like China will hurt the U.S. more than they’ll help. They won’t even work, by Rakesh Kumar

This edition of CEO Daily was edited by David Meyer.

This is the web version of CEO Daily, a newsletter of must-read insights from Fortune CEO Alan Murray. Sign up to get it delivered free to your inbox.

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 Newsletters

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
  • Pinterest icon

Latest in Newsletters

How Qualcomm’s CIO is placing big bets on AI to support the chip company’s diversification push
NewslettersCIO Intelligence
How Qualcomm’s CIO is placing big bets on AI to support the chip company’s diversification push
By John KellJuly 8, 2026
8 hours ago
Land O'Lakes CEO Beth Ford speaks at MPW
NewslettersMPW Daily
Why Land O’Lakes wants Hollywood to rethink rural America
By Emma HinchliffeJuly 8, 2026
9 hours ago
Meta chief AI officer Alexandr Wang
NewslettersTerm Sheet
The 38-point framework two VCs use to spot the next unicorn founder
By Allie GarfinkleJuly 8, 2026
14 hours ago
U.S. President Donald Trump and Chinese President Xi Jinping on May 15, 2026 in Beijing, China. (Photo: Evan Vucci-Pool/Getty Images)
NewslettersFortune Tech
China mulls limiting foreign access to advanced AI models
By Andrew NuscaJuly 8, 2026
15 hours ago
Photo: President Trump.
NewslettersMarkets
Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil
By Jim EdwardsJuly 8, 2026
15 hours ago
Unilever’s big World Cup bet is all about building ‘desire at scale’
NewslettersCEO Daily
Unilever’s big World Cup bet is all about building ‘desire at scale’
By Diane BradyJuly 8, 2026
17 hours ago

Most Popular

Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil
Newsletters
Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil
By Jim EdwardsJuly 8, 2026
15 hours ago
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
2 days ago
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
4 days ago
Presidents aren't supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
Politics
Presidents aren't supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
By Mia OsmonbekovJuly 7, 2026
1 day ago
Current price of oil as of July 7, 2026
Personal Finance
Current price of oil as of July 7, 2026
By Joseph HostetlerJuly 7, 2026
2 days ago
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleJuly 3, 2026
6 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.