Protests erupt countrywide
The U.S. saw widespread protests and demonstrations continue over the weekend over the death of George Floyd, an unarmed black man who was killed by a white police officer. Mayors and officials set curfews in dozens of cities, as protests occasionally turned violent, and police officers were filmed beating and pushing protestors and firing rubber bullets and pepper bullets directly on journalists and camera crews. On Monday morning, the White House was dark as fires burned nearby, and doctors were worried the protests could spread coronavirus, with at least 6 million infected worldwide. New York Times
SpaceX blasts off
Meanwhile, a SpaceX rocket blasted off from Cape Canaveral in the first-ever manned commercial space launch, carrying two astronauts to the International Space Station. SpaceX, led by Elon Musk, and Boeing were commissioned in 2014 by NASA to build launch vehicles, and the new launch could mark the start of the privatization of space. Fortune
A new G7
The G7 was supposed to meet at the White House this month, but U.S. President Donald Trump postponed the event after German Chancellor Angela Merkel said she would not attend in person. Trump called the G7 a "very outdated" group of countries, instead pledging to invite Australia, South Korea—and Russia. The country was expelled from what was then called the G8 in 2014 over its annexation of Crimea. FT
HSBC caught in the crosshairs
Businesses are facing waves of threats and pressure to back Beijing's line on Hong Kong, with Leung Chun-ying, its former leader, calling for a boycott on the bank HSBC because it had not publicly backed Beijing. The bank is formally based in London but its history and the bulk of its business is in Asia. Other reports surfaced that employees at Chinese and international banks were being forced to sign petitions or stay silent. New York Times
AROUND THE WATER COOLER
Oil trading probe
Trafigura, the global oil trader, is under investigation by U.S. authorites for market manipulation and alleged corruption, according to an investigation by the Guardian. The CFTC investigation has issued subpoenas relating to the company's oil trading activities, including in South America. Guardian
We've seen the hand sanitizer boom, the toiler paper rush, the PPE flood, and now the plexiglass surge, all producing strained supply chains and skyrocketing prices, as companies—and hospitals—have searched for ways to keep their employees safe. But there's also demand for social-distance signage, cardboard dividers, and door handle covers. WSJ
'Best three months of my life'
Overworked lawyers are among that small group of people on the planet who really truly loved lockdown. The pandemic, and mandatory working-from-home measures, have reversed (at least temporarily) the grueling culture of long hours and mandatory face time that comes at the expense of family and work-life balance. Many are hoping the shift will be permanent. Fortune
Can Savile Row survive?
Savile Row has been making bespoke suits for the 1% for centuries. But now, the brands at the heart of a British tailoring empire are confronting a new reality, and new challenges: how do you fit suits for executives around the world if you can't travel? And in an age of social distancing, will a hands-on fitting—a crucial part of the process—still be what clients want? Fortune
This edition of CEO Daily was edited by Katherine Dunn.
Rebooting business recovery
As businesses advance the reboot process, how can organizations put employee health and safety at the center of their business recovery? Deloitte’s latest Resilient podcast episode explores.