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) - President Donald Trump’s visit to Puerto Rico risks compounding the damage caused by Hurricane Maria. His vow on Tuesday to wipe out the U.S. commonwealth’s huge debts sent its bond prices plunging on Wednesday. The island’s devastation may well necessitate a fresh restructuring, but that won’t address urgent issues. The White House needs to provide money and supplies, not distraction.
NEW YORK (Reuters Breakingviews) - Casino stocks fell and gunmakers’ jumped after the worst shooting in U.S. history left an estimated 58 dead. Horrific as it is, the incident is unlikely to leave a lasting impact on gun laws, markets, political debate or voters’ minds.
［ニューヨーク １２日 ロイター BREAKINGVIEWS］ - 米著名投資家ウォーレン・バフェット氏の申し出を断れる人はそういない。窮地に立たされているなら、なおさらだ。だが最近では、ノーと言える人たちが出てきている。
NEW YORK (Reuters Breakingviews) - Ken Frazier is standing up to Donald Trump. On Monday, the Merck boss quit the White House manufacturing council to protest the president’s dismal response to Saturday’s white-supremacist rally in Charlottesville, Virginia. National duty, ego and fear of a Twitter rebuke may have kept corporate chieftains in their seats, but they have little to show for staying.
NEW YORK (Reuters Breakingviews) - Even the fear of possible Armageddon is no match for Wall Street's greed. U.S. investors already have shrugged off higher interest rates from the Federal Reserve, mounting protectionist tendencies around the world and Washington dysfunction. President Donald Trump’s blunt warning to Pyongyang might have been a fresh reason to rush into gold or gunsmiths. Mr. Market, however, rarely foretells dire happenings.
NEW YORK (Reuters Breakingviews) - Elon Musk is an entrepreneur in a bubble. Forced to choose between issuing a bit more of Tesla’s turbocharged stock or tapping the overheated junk-bond market to finance the Model 3 ramp-up, the founder opted for the latter. It raises execution risk for the $60 billion electric-car maker, but not by enough to persuade the chief executive to loosen his grip on the wheel.
NEW YORK (Reuters Breakingviews) - Blackstone's diversification drive is circling home. Over the years, the group run by Stephen Schwarzman has expanded far beyond its leveraged-buyout roots. Now it’s using capital that had been focused on hedge funds to take a stake in rival private-equity firm Leonard Green. The return comparisons are too stark to ignore.
NEW YORK (Reuters Breakingviews) - Private equity's cup runneth over. Apollo Global Management just accumulated the largest single pool of capital earmarked for buyouts, at $23.5 billion. The haul adds to a growing stockpile of dry powder that could make outsized returns harder to come by. With yields so low across most markets, however, it should be easier to make fund investors happy.
NEW YORK (Reuters Breakingviews) - Invited to review a book or two on the financial crisis for an economics journal in 2011, Andrew Lo found the ones he read unsatisfying. Their gaps and inconsistencies failed to tell the full story, prompting him to extend his search. When an editor finally called time a year later, Lo submitted a review of 21 books.
NEW YORK/HONG KONG The fourth time is the charm for Chinese stocks. After three failed attempts, MSCI has finally decided to add mainland-listed shares to its global indexes. The move will be a relief for Beijing, which got egg on its face at previous annual reviews. But the move is largely symbolic and will generate only modest inflows to the PRC.