Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
NEW YORK (Reuters Breakingviews) - Netflix's valuation outstrips its burgeoning opportunity. The $87 billion video-streaming service hit another all-time high on Monday, benefiting in part from Comcast and AT&T recently warning of a fall in subscribers. Pay-TV customers cutting the cord should mean more viewers for Netflix. But even that and a fee hike last month don’t justify it trading at a sky-high multiple.
NEW YORK (Reuters Breakingviews) - Nelson Peltz narrowly lost his acrimonious bid for a P&G board seat. Honeywell’s decision to spin off two small units was less than Dan Loeb lobbied for. These are temporary setbacks. Past experience and their financial firepower make shareholder activists a powerful force.
NEW YORK (Reuters Breakingviews) - Facebook could do with more Sheryl Sandberg. Mark Zuckerberg’s right-hand woman on Thursday deftly fielded questions about Russia-backed ads and the social network’s broader role in society. It was a notable contrast to the bumbling way her boss handles the limelight, especially since the $500 billion company has come under greater scrutiny.
NEW YORK (Reuters Breakingviews) - Yahoo is like a zombie feasting on Verizon’s brains. Marni Walden, a top executive at the $200 billion U.S. telecom group, is leaving just a day after the internet firm she helped to acquire tripled its tally of customer accounts exposed to a 2013 hack. While the company suggests the timing is a coincidence, it’s clear that Yahoo is a problem that continues to fester.
NEW YORK (Reuters Breakingviews) - Ford boss Jim Hackett’s plan to catch up with rival GM on electric and self-driving vehicles starts with $14 bln of cost cuts. China may be in pole position as it considers banning gasoline cars entirely. But plenty of factors could delay mass adoption of new technology.
NEW YORK (Reuters Breakingviews) - Even IKEA can't build everything. The Swedish furniture maker has bought TaskRabbit, the odd-jobs app. Though the price is undisclosed, it's a rare startup acquisition that makes sense.
NEW YORK (Reuters Breakingviews) - Chancellor Angela Merkel and her Christian Democrats should win more votes than rivals. But they’ll need coalition partners to form a government. Choosing among them promises to be a nail-biter. Also: the Toys R Us bankruptcy won’t be a total loss for its private-equity owners.
NEW YORK (Reuters Breakingviews) - Bridgewater’s founder thinks his kindred spirit resides in China’s anti-corruption czar Wang Qishan. Both seek radical transparency – though Dalio’s hunt is tied to forging a business in the Middle Kingdom. Plus: Exxon’s salvation may lie in the oil fields of West Texas.
NEW YORK (Reuters Breakingviews) - Texas is facing $180 bln in hurricane cleanup costs, the most of any U.S. natural disaster. The Lone Star State has the wherewithal and chutzpah to cover a large chunk, yet expects Washington to pick up most of the tab. Global water risks, meanwhile, may require $12 trln to fix.
NEW YORK (Reuters Breakingviews) - Facebook could do with some new friends in data. Its estimated audience doesn’t square with an official U.S. demographic tally. A growing list of counting problems could spell trouble as the $500 billion social network pushes into streaming and other higher-value material.
- Gold: PRECIOUS-Gold prices fall as dollar extends gains
- Oil Report: Kurdish forces pullout from Khanaqin area on Iraq-Iran border, security sources say
- British Pound Report: Sterling drifts higher before Carney, inflation data
- US Dollar Report: FOREX-Dollar strengthens on talk of more hawkish Fed chair