ROME (Reuters Breakingviews) - We last spoke to the founder of SkyBridge Capital a week before Donald Trump won the U.S. presidential election. When asked if he would take a White House job if Trump won, he said no – unless it was Ambassador to the Vatican. So, when in Rome, Rob Cox sat down with “The Mooch.”
ZUG, Switzerland (Reuters Breakingviews) - Bernie Sanders was still relatively young, in a grey zip-up hoodie, a chequebook dangling precariously from the back pocket of his jeans. Yet to turn 50, he was in a soundproofed room at a recording studio in Burlington, Vermont, whose citizens had six years earlier elected him the first avowed socialist mayor of a biggish American city.
ZURICH (Reuters Breakingviews) - Lots of people are saying Donald Trump will easily win re-election in November. If that sounds like the sort of language the U.S. president himself would use to describe his prospects, so be it. From Paris to Mumbai to Hong Kong and Toronto, the former reality television star was given the edge against his Democratic contenders in informal polls by attendees at Breakingviews Predictions events in recent weeks. Trump’s fellow New Yorkers, though, offered a variation on the theme that may bear consideration.
DAVOS, Switzerland (Reuters Breakingviews) - At the end of the World Economic Forum, Breakingviews’ three delegates reflected on the highs and lows of the annual gathering of world leaders, corporate executives and do-gooders. Overall, they conclude that Greta outdid Trump, and sustainability is now a boardroom fixture.
PARIS (Reuters Breakingviews) - World leaders, chieftains of giant companies, the wealthiest investors and good people running organisations to save humanity from its excesses attended the World Economic Forum last week. But the most important person was absent from the summit: The Democrat who will challenge Donald Trump for the American presidency in November.
DAVOS, Switzerland U.S. Treasury Secretary Steven Mnuchin said on Friday that he expects to begin negotiations with China on a so-called Phase 2 trade deal soon, with Washington and Beijing on the same page.
DAVOS (Reuters Breakingviews) - The World Economic Forum, which kicks off this week in Davos, prides itself on tackling some of the knottiest issues facing humanity. But on at least one front – the rights of gay, lesbian, bisexual and transgender people – the assemblage is uncharacteristically shy.
NEW YORK/LONDON (Reuters Breakingviews) - Steve Schwarzman has one big regret. In 1994 the Blackstone boss sold a stake in some funds that later became BlackRock, the $7 trillion asset manager run by Larry Fink. Schwarzman describes the sale as “a heroic mistake.” It’s not too late to fix it.
NEW YORK (Reuters Breakingviews) - The telephone’s caller ID made clear the boss was on the line. “It’s Mike,” said Michael R. Bloomberg, the founder of the firm that carried his name and paid my salary. “You say stocks are mixed, but I have the Dow Jones down 40 points. That’s not mixed.”
NEW YORK (Reuters Breakingviews) - Federal Reserve Chairman Jay Powell is channeling Groucho Marx when it comes to climate change. The U.S. central banker seems to be following the comedian’s quip that he would “refuse to join any club that would have me as a member.” But there are good reasons for Powell to see sense and nudge the Fed into the Network for Greening the Financial System in 2020.