A boring juice product sold itself as the next great technology phenomenon. There was only one way things could go.
На что только ни пойдут предприниматели, чтобы добиться успеха и заработать десятки миллионов долларов! Иногда аферистов быстро разоблачают, но иногда им удаётся всё-таки обмануть публику и, главное, инвесторов - и получить заветные инвестиции. Один из самых перспективных фудтех-стартапов 2016 года под названием Juicero оказался самой высококлассной аферой. Смотрите и учитесь. Нужно предварительно заметить, что в западных странах - настоящий бум здорового питания. Если кушать овощи, то только выращенные на соседнем огороде возле города без применения пестицидов. Если мясо - только от коровы, которую умертвили исключительно гуманным способом. Если сок - только свежевыжатый. Но выжимать соки вручную каждый день даже на соковыжималке - трудоёмкая процедура. По крайней мере, она отнимает много времени, а у любителей здорового питания времени нет. И здесь на сцену вышел стартап Juicero. Juicero обещал настоящую революцию на рынке фудтеха. С помощью специального гаджета они обещали произвести "самый свежий сок, который только возможно". Идея в том, что нарезанные фрукты и овощи фасуются в упаковку и вставляются в высокотехнологичную выжималку, которая под большим давлением выжимает сок прямо из пакета. Больше никакой возни, чтобы помыть и порезать фрукты, затем не нужно чистить прибор. Просто нажал на кнопку - и готово. Компания планировала зарабатывать на продаже пакетов с фруктами, потому что их устройство будет работать только с фирменными пакетами - по такой модели "проприетарного питания" работают кофеварки Keurig с фирменными порционными "таблетками" K-Cup. Собственно, Juicero позиционировал себя как "Keurig для соков". Но что-то пошло не так. После трёх лет разработки в феврале 2016 года стартап наконец-то представил первую версию гаджета. В соответствии с модными трендами, соковыжималка стоимостью $700 поддерживает WiFi, управляется со смартфона через мобильное приложение и т. д. Кто-то говорил, что цена прибора кажется завышенной, но основатель компании Даг Эванс объяснил, что иначе нельзя: это очень высокие технологии, а выжим происходит под огромным давлением, "достаточным, чтобы поднять два автомобиля Tesla", как он выразился (The Press itself creates three to four tons of pressure - enough to lift two Teslas). В другом интервью он сказал, что этот фантастический прибор содержит 400 оригинальных деталей: два мотора, сканер, беспроводную антенну, "авиационный алюминиевый сплав 775", коробку передач и задвижки, которые выдерживают 16000 фунт-силы (71170 ньютонов). У компании не было отбоя от инвесторов. Стартап получил около $120 млн от десятка инвестиционных фондов, включая Campbell Soup, Google Ventures, Artis Ventures, Kleiner Perkins, Two Sigma Ventures, First Beverage Group, Acre Ventures, Double Bottom Line Ventures, Thrive Capital, Vast Ventures и других. Вскоре начались продажи, а потом компания даже снизила цену до $400. На пакеты оформлялась подписка, и они доставлялись покупателю еженедельно, по индивидуальному заказу. Каждый пакет стоит от $5 до $8 и из него можно выжать примерно один стакан сока. Но некоторые из покупателей дорогого гаджета и пакетов с полуфабрикатами с удивлением обнаружили, что сок из пакетов вполне успешно выжимается руками, даже без установки пакета в соковыжималку! Сравнительный тест выжимания сока руками и в соковыжималке показал, что в обоих случаях выжимается примерно одинаковое количество сока, и по скорости выжимания разницы тоже нет, хотя в некоторых случаях руками сок выжимается быстрее. Во время теста на видео машина выжала 227 г сока за две минуты, а девушка - 213 г за полторы минуты. Представляете, как были удивлены инвесторы такому повороту событий! Оказывается, их просто обманули, так же как и тысяч пользователей, которые купили "высокотехнологичный" гаджет за $700 или $400, кому как повезло. Разница только в том, что пользователей развели на несколько сотен долларов, а инвесторов - на 120 миллионов. Очень интересно посмотреть, как будут развиваться события дальше. Сейчас основатели Juicero отказываются от комментариев. Источник, близкий к компании сообщил, что компания была осведомлена, что сок можно выжимать руками, но продукт всё равно решили вывести на рынок, потому что "большинство пользователей всё равно предпочитают выжимать пакеты в гаджете, а не вручную", поскольку "этот процесс более последовательный и менее грязный". Кроме того, прибор оснащён сканером QR-кодов и перед выжиманием сверяет аутентичность каждого пакета с онлайновой базой данных, так что потребители защищены от поддельного сока и просроченных пакетов. При этом руководство Juicero скрыло этот факт от собственных сотрудников и от широкой публики. У основателя Juicero Дага Эванса была репутация специалиста в технологиях выжимания соков - он занимался этим более десяти лет. Неудивительно, что в стартап вложились Google Ventures и многие другие фонды. Juicero вошла в число лидеров среди "аппаратных" стартапов США по объёму привлечённых инвестиций в 2016 году. Правда, у кое-кого возникли подозрения, когда в октябре 2016 года после получения инвестиций Даг Эванс ушёл с поста исполнительного директора и занял должность председателя наблюдательного совета. Сам 50-летний предприниматель придерживается здорового образа жизни и строгой вегетарианской диеты и употребляет преимущественно сырые продукты. Ну как было не поверить такому человеку?(https://geektimes.ru/post...)
На что только ни пойдут предприниматели, чтобы добиться успеха и заработать десятки миллионов долларов! Иногда аферистов быстро разоблачают, но иногда им удаётся всё-таки обмануть публику и, главное, инвесторов - и получить заветные инвестиции. Один из самых перспективных фудтех-стартапов 2016 года под названием Juicero оказался самой высококлассной аферой. Смотрите и учитесь. Нужно предварительно заметить, что в западных странах - настоящий бум здорового питания. Если кушать овощи, то только выращенные на соседнем огороде возле города без применения пестицидов. Если мясо - только от коровы, которую умертвили исключительно гуманным способом. Если сок - только свежевыжатый. Но выжимать соки вручную каждый день даже на соковыжималке - трудоёмкая процедура. По крайней мере, она отнимает много времени, а у любителей здорового питания времени нет. И здесь на сцену вышел стартап Juicero. Juicero обещал настоящую революцию на рынке фудтеха. С помощью специального гаджета они обещали произвести "самый свежий сок, который только возможно". Идея в том, что фрукты и овощи якобы фасуются в герметичную упаковку и вставляются в высокотехнологичную выжималку, которая под большим давлением выжимает сок прямо из пакета. Больше никакой возни, чтобы помыть и порезать фрукты, затем не нужно чистить прибор. Просто нажал на кнопку - и готово. Компания планировала зарабатывать на продаже пакетов с фруктами, потому что их устройство будет работать только с фирменными пакетами - по такой модели "проприетарного питания" работают кофеварки Keurig с фирменными порционными "таблетками" K-Cup. Собственно, Juicero позиционировал себя как "Keurig для соков". Но что-то пошло не так. После трёх лет разработки в феврале 2016 года стартап наконец-то представил первую версию гаджета. В соответствии с модными трендами, соковыжималка стоимостью $700 поддерживает WiFi, управляется со смартфона через мобильное приложение и т. д. Кто-то говорил, что цена прибора кажется завышенной, но основатель компании Даг Эванс объяснил, что иначе нельзя: это очень высокие технологии, а выжим происходит под огромным давлением, "достаточным, чтобы поднять два автомобиля Tesla", как он выразился. В другом интервью он сказал, что этот фантастический прибор содержит 400 оригинальных деталей: два мотора, сканер, беспроводную антенну, "авиационный алюминиевый сплав 775", коробку передач и пресс на 16000 фунт-силы (71170 ньютонов). У компании не было отбоя от инвесторов. Стартап получил около $120 млн от десятка инвестиционных фондов, включая Campbell Soup, Google Ventures, Artis Ventures, Kleiner Perkins, Two Sigma Ventures, First Beverage Group, Acre Ventures, Double Bottom Line Ventures, Thrive Capital, Vast Ventures и других. Вскоре начались продажи, а потом компания даже снизила цену до $400. На пакеты оформлялась подписка, и они доставлялись покупателю еженедельно, по индивидуальному заказу. Каждый пакет стоит от $5 до $8 и из него можно выжать примерно один стакан сока. Но некоторые из покупателей дорогого гаджета и пакетов с полуфабрикатами с удивлением обнаружили, что сок из пакетов вполне успешно выжимается руками, даже без установки пакета в соковыжималку!Сравнительный тест выжимания сока руками и в соковыжималке показал, что в обоих случаях выжимается примерно одинаковое количество времени, и по скорости выжимания разницы тоже нет, хотя в некоторых случаях руками сок выжимается быстрее. Во время теста на видео машина выжала 227 г сока за две минуты, а девушка - 213 г за полторы минуты. Представляете, как были удивлены инвесторы такому повороту событий! Оказывается, их просто обманули, так же как и тысяч пользователей, которые купили "высокотехнологичный" гаджет за $700 или $400, кому как повезло. Разница только в том, что пользователей развели на несколько сотен долларов, а инвесторов - на 120 миллионов. Очень интересно посмотреть, как будут развиваться события дальше. Сейчас основатели Juicero отказываются от комментариев. Источник, близкий к компании сообщил, что компания была осведомлена, что сок можно выжимать руками, но продукт всё равно решили вывести на рынок, потому что "большинство пользователей всё равно предпочитают выжимать пакеты в гаджете, а не вручную", поскольку "этот процесс более последовательный и менее грязный". Кроме того, прибор оснащён сканером QR-кодов и перед выжиманием сверяет аутентичность каждого пакета с онлайновой базой данных, так что потребители защищены от поддельного сока и просроченных пакетов. При этом руководство Juicero скрыло этот факт от собственных сотрудников и от широкой публики. У основателя Juicero Дага Эванса была репутация специалиста в технологиях выжимания соков - он занимался этим более десяти лет. Неудивительно, что в стартап вложились Google Ventures и многие другие фонды. Juicero вошла в число лидеров среди "аппаратных" стартапов США по объёму привлечённых инвестиций в 2016 году. Правда, у кое-кого возникли подозрения, когда в октябре 2016 года после получения инвестиций Даг Эванс ушёл с поста исполнительного директора и занял должность председателя наблюдательного совета. Сам 50-летний предприниматель придерживается здорового образа жизни и строгой вегетарианской диеты и употребляет преимущественно сырые продукты. Ну как было не поверить такому человеку? е-коммерция/сделки Fri, 21 Apr 2017 01:20:02 +0700 Barban 519193 Немецкие ученые открыли метод 3D-печати из стекла http://news2.ru/story/519192/ Ученые из Технологического института Карлсруэ и других научных центров Германии напечатали из стекла пока только демонстрационные образцы: крендель, средневековый замок... Но в будущем, говорят исследователи, стеклянная 3D-печать совершит революцию в производстве линз, светофильтров, объективов - всего того, изготовление чего пока требует высочайшего мастерства и очень дорого обходится, пишет The Verge.Исследователи использовали "жидкое стекло", которое позволило печатать маленькие, гладкие и прозрачные объекты с высокой точностью. Важно также то, что объекты были созданы при помощи стандартных 3D-принтеров. Для этого не потребовалось никаких изменений в их конструкции и в процессе печати. Единственный минус, техника требует наличия специальной печи для финального запекания материала. Это вероятно, притормозит распространение стеклянной печати по квартирам любителей 3D-технологий.Зато в промышленной 3D-печати открытие дает возможность полноценно использовать важнейший для современных технологий материал без больших затрат. Сегодня принтеры используются для печати всего: от обуви до деталей самолетов. И в качестве чернил используются самые разные материалы, но до сих пор не было эффективной технологии, позволяющей использовать стекло. Проблема заключалась в необходимости высокой температуры для изготовления изделий из стекла. Иначе материал быстро твердеет, не успев принять нужную форму. Открытие немецких ученых состоит в том, что их технология позволяет печатать стеклом при комнатной температуре. Весь секрет в "жидком стекле", которое разработали ученые. Это нерасплавленный стеклянный порошок, который погружен в жидкую полимерную основу. Смесь загружается в 3D-принтер в качестве чернил. На финальном этапе подключается та самая печь - напечатанное ставится в нее, стеклянные частицы расплавляются и крепко слипаются, а сам объект становится прозрачным. В результате характеристики изделия зависят только от точности принтера, а не от мастерства стеклодува. Ученым, к примеру, удалось напечатать стеклянную сотовую структуру размером в миллиметр, чьи отдельные части исчислялись в микрометрах. Исследователи называют это открытие важнейшей вехой в развитии технологии трехмерной печати - им удалось использовать один из самых старых и важных для современных технологий промышленных материалов.(https://hightech.fm/2017/...)
Authored by Michael Lebowitz via 720Global.com, Passive Negligence Part II Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In Mm Mm Good, published August 2016, we highlighted the Campbell Soup Company (CPB) and the utility sector to show how yield-starved investors were chasing dividend stocks to dangerously high valuations. The following quote from the article highlights the risk inherent in CPB’s valuation: “This concept of a no-growth company with soaring valuations is alarming. The price of CPB would have to drop 30% to return to its post-recession average P/E. If that were to occur, it would take 16 years’ worth of dividend payments to recoup the price loss, assuming dividends remain stable”. When writing that article, we assumed that a hunger for yield was the primary driver of excessive valuations in those relatively safer sectors. We did acknowledge, however, that there were other factors. Unbeknownst to us at the time, the shift from active to passive investing was one such factor playing a growing role in creating valuation divergences. We followed up the article in November of 2016 with Passive Negligence. This sequel, of sorts, discussed valuation divergences and economic inefficiencies occurring as a result of the growing popularity in passive investing and the related decline in value/active management strategies. The following quote summed up a concern we had then and one that is even more troubling today: “Typically, market index changes are the result of the movement in underlying constituents. Today, market index changes are the driver of the underlying constituents”. Valuation Regulator Passive index funds can play an important role in portfolio management. However, when such passive styles of investing grow in popularity to the point that they are overly influential in setting prices, problems tend to arise. In fact, the ongoing massive shift of capital toward passive strategies argues that the healthy process of price discovery is being destroyed. Value/active managers are vital for efficient asset pricing in the long run. By simply buying what they believe to be cheap and selling what they think is expensive, they help keep valuations and fundamentals in sync over the long run. When their role is diminished, as is frequently seen in bubble manias like today, these investors lose their ability provide the market with necessary checks and balances. For example, in the late 1990’s value/active investors were eschewed in favor of those chasing technology stocks to record-breaking valuation peaks. This type of passive management created absurd pricing distortions that eventually resolved themselves when investors broadly re-awakened to the reality of fundamentals. As the bubble burst in the year 2000, the popularity of value/active investors spiked and valuations normalized. According to Bloomberg, Vanguard, primarily a passive fund manager, saw net inflows of $2 billion a day in the first quarter of 2017. In the same quarter they raised $121 billion of new cash, beating the prior quarterly record by almost 50%. Vanguard is just one of many passive managers exhibiting massive growth. This growth is coming largely at the expense of value/active managers, the regulators of valuation. Toilet Paper The implications of this dynamic may be illustrated through a simple example: Imagine walking down the paper goods aisle in your local grocery store in search of toilet paper. Instead of picking out your preferred choice you just blindly take the first one you see. This act on its own would not be meaningful, but imagine if most shoppers chose toilet paper in a similar manner. Manufacturers that produced higher quality product could lose the advantage of differentiation and their additional cost of providing a higher quality product would be wasted. In fact, the quality of the product would be irrelevant to the shopper as compared to the ease in which the product can be grabbed from shelf. Without consumers making thoughtful trade-offs between price and value, the price of all brands of toilet paper would converge, rising and falling depending only on how easy it is to grab off the shelf! As we began the process of writing a sequel to Passive Negligence we watched a video that masterfully explains the effects of the soaring popularity of passive investing. Therefore, we decided that instead of reinventing the wheel, our readers would be best served by providing them links for the video and chart book from Steven Bregman’s presentation at Grant’s Fall 2016 Conference. Click image for link (no embed available) Chart Book The video is courtesy Steven Bregman and Horizon Kinetics. The chart book is courtesy Steven Bregman and Horizon Kinetics as well as Grants Financial Publishing. Summary This topic is important if one is to understand why valuations continue to rise despite a fundamental backdrop that has historically been poor for stocks. Watching money flows to and from passive managers may very well help provide valuable insight into how much higher valuations can rise and may offer hints as to when they might begin to normalize. Based upon the prevailing money flows, it appears few investors realize the benefit that value/active investing provides. When their role is diminished by indiscriminate buying based only on the market cap or float of a security, as is the case in passive investing, value/active investors have less influence over the price discovery process and asset valuations become broadly exaggerated. The outperformance of passive investing strategies over active ones is a major reason for the shift in interest and money flows, but there are other reasons as well. By comparison, fees on passive strategy funds are lower than those of active strategy funds and anticipation of the Department of Justice’s Fiduciary Rule is also having an impact on retirement accounts and those who manage them. That said, active managers tend to earn their fees when it matters most to investors – by protecting wealth when it is jeopardized by collapsing markets. Passive investing has no such conscience and will offer no sympathy when the day of reckoning arrives. Finally, Jesse Felder of The Felder Report clarified the "logic" of such decision-making in simple terms: “Embracing passive investing is exactly this sort of ‘cover your eyes and buy’ sort of attitude. Would you embrace the very same price?insensitive approach in buying a car? A house? Your groceries? Your clothes? Of course not. We are all very price?sensitive when it comes to these things. So why should investing be any different?”
In sync with its tradition of being a shareholder-friendly company, Whirlpool Corporation (WHR), rewarded its shareholders with a 10% quarterly dividend hike.
Shares of Campbell (CPB) have underperformed both the Zacks categorized Food - Miscellaneous/Diversified industry and the broader sector in the past three months.
Citi Trends Inc. (CTRN) maintains its commitment to enhance shareholder value as it unveils an expanded capital return program.
NEWS: Reince, Bannon and Jared huddle in Palm Beach -- THE WHITE HOUSE BATTLE LINES -- Kerry backs Trump on Syria -- MUST-READ: Burgess Everett and Seung Min Kim’s Gorsuch tick tock -- B’DAY: John Weaver
Happy weekend.REINCE PRIEBUS privately convened Jared Kushner and Steve Bannon yesterday afternoon to discuss what they hope will be a lasting peace accord between the warring White House camps. The meeting -- which lasted roughly 45 minutes before Priebus departed Mar-a-Lago for Washington -- took place in a secluded outdoor area at the resort. Kushner and Bannon had spoken at other times during the week, as our ace colleagues Alex Isenstadt and Josh Dawsey reported.THE MEETING BETWEEN THE THREE powerful White House aides happened late Friday afternoon. PRESIDENT DONALD TRUMP knew about the meeting, and he encouraged the bury-the-hatchet gathering. THE VIEW FROM THE WEST WING: No one is denying there is beef on Trump’s team. It’s understood that Bannon is a complicated force in the White House, and he needs to change course -- and soon. But there is a feeling among everyone that, absent the drama, the president had a good week. And they hope -- and believe -- that they can get out of the way. The Isenstadt/Dawsey story scooping the possible detente http://politi.co/2o9uJwc -- ALSO … TRUMP called newly minted Supreme Court Justice Neil Gorsuch last night after he was confirmed by the Senate.WITH ALL THE DRAMA IN THE WHITE HOUSE, here is a cheat sheet on where things stand in the West Wing. Everything should be viewed through this lens:THE ALLIANCES: THE A TEAM -- Ivanka Trump and Jared Kushner, Hope Hicks, Gary Cohn and Dina Powell. TEAM BANNON -- Steve Bannon, Stephen Miller, Julia Hahn and Peter Navarro. TEAM REINCE -- Reince Priebus, Sean Spicer and Sean Cairncross.-- JEREMY PETERS and MAGGIE HABERMAN on A17 of the NYT: “Mr. Bannon ... has told people he believes Mr. Kushner’s allies have undermined him, that he has no plans to quit and is digging in for a fight. One option being discussed is moving Mr. Bannon to a different role. His allies at an outside group supporting him run by his main benefactor, the investor Rebekah Mercer, have also discussed him joining them to provide strategy. Mr. Kushner ... was said to be displeased after hearing that Mr. Bannon made critical remarks about him to other aides and Trump associates while he was in Iraq recently. Mr. Bannon has told confidants that he believes Mr. Kushner’s contact with Russians, and his expected testimony before Congress on the subject, will become a major distraction for the White House.” http://nyti.ms/2nNSOqQ-- BEHIND THE SCENES: The sense from White House watchers inside and outside the building is that Bannon and Reince are becoming more closely aligned to prevent Kushner and Co. from pulling Trump to the left. The drama isn’t contained to the West Wing. Gary Cohn, Trump’s national economic adviser, has been taking on a growing public and private role in the tax reform debate, and some see that coming at the expense of Treasury Secretary Steven Mnuchin. In fact, Cohn on Bloomberg TV yesterday flatly dismissed Mnuchin’s August timeline for tax reform.PRESIDENT TRUMP is in West Palm Beach this morning, posting up at Trump International Golf Club. He entered his motorcade wearing a white polo shirt and red hat, per pooler Gregory Korte of USA Today.SOMETHING TO WATCH -- “Pence, Cruz wade into Kansas special election in final weeks,” by Kansas City Star’s Bryan Lowry and Jonathan Shorman and McClatchy’s Katie Glueck: “National Republicans are wading into a Kansas congressional race few analysts thought would be competitive ahead of Tuesday’s vote. U.S. Sen. Ted Cruz of Texas will join Republican candidate Ron Estes at an airport rally Monday in Wichita, a day before voters in southern Kansas head to the polls to pick a new congressman. Vice President Mike Pence is also scheduled to record a robocall on Estes’ behalf ... Cruz’s appearance comes on the heels of last-minute spending on television ads by the [NRCC] and a fundraising push by U.S. House Speaker Paul Ryan of Wisconsin on Estes’ behalf. Estes, the state’s twice-elected Republican treasurer, will face off against Democrat James Thompson and Libertarian Chris Rockhold in the race to replace Mike Pompeo, who gave up his seat in Kansas’ 4th Congressional District to serve as President Donald Trump’s CIA director.” http://bit.ly/2oTuYM6-- IT’S WORTH NOTING: This thing shouldn’t be close! Pompeo’s district is an R+15, and was last represented by a Democrat in 1994. But it’s not only Kansas that’s giving the GOP agita. They are also duking it out in Georgia, where the Democratic candidate Jon Ossoff is giving Republicans a surprising run for their money to fill HHS Secretary Tom Price’s seat. Thirteen Republicans are vying for that seat, and if Ossoff gets more than 50 percent of the vote on April 18, he wins.THE TICK TOCKS -- “Inside Trump’s three days of debate on Syria,” by Josh Dawsey: “President Donald Trump, a man who often spends hours every day watching TV, kept talking about the pictures of the chemical attacks in Syria on Tuesday: those he was given in briefings, but also the ones he saw flashing on the screen. And he remarked to friends and associates about how Barack Obama looked ‘weak, just so, so weak,’ as one adviser recalled it, when he condemned the Syrian regime but backed off military action. Trump was determined not to make that mistake. ‘You could be Barack Obama, or you could be Donald Trump,’ said Newt Gingrich, a top adviser who keeps in touch with Trump and his aides and is writing a book on the president.” http://politi.co/2oiWTHf-- WAIT A SECOND, DAWSEY … Newt is writing a book on Trump!?!?! Newt tells us that Hachette is his publisher, Kate Hartson is the editor, and Kathy Lubbers (one of his daughters) is his agent. The book is out June 13. Pre-order your copy here ($17.70) http://amzn.to/2nqf3I3-- “‘Horrible’ pictures of suffering moved Trump to action on Syria,” by WaPo’s Ashley Parker, David Nakamura and Dan Lamothe: “When President Trump began receiving his intelligence briefings in January, his team made a request: The president, they said, was a visual and auditory learner. Would the briefers please cut down on the number of words in the daily briefing book and instead use more graphics and pictures? Similarly, after Trump entered office, his staff took President Barack Obama’s Syria contingency plans and broke the intelligence down into more-digestible bites, complete with photos, according to current and former U.S. officials with knowledge of the request. This week, it was the images -- gruesome photos of a chemical weapons attack on Syrian civilians -- that moved Trump.” http://wapo.st/2oMZOJt-- MICHAEL CROWLEY NUGGET -- “One longtime proponent of military action against Assad is former Secretary of State John Kerry, who was ‘absolutely supportive’ of Trump’s strike and ‘gratified to see that it happened quickly,’ according to a person close to the former diplomat.” http://politi.co/2nNZPaUON THE KOREAN PENINSULA -- “Trump’s Options for North Korea Include Placing Nukes in South Korea,” by NBC News’ William M. Arkin, Cynthia McFadden, Kevin Monahan and Robert Windrem: “The National Security Council has presented President Trump with options to respond to North Korea’s nuclear program -- including putting American nukes in South Korea or killing dictator Kim Jong-un, multiple top-ranking intelligence and military officials told NBC News. ... The first and most controversial course of action under consideration is placing U.S. nuclear weapons in South Korea. The U.S. withdrew all nuclear weapons from South Korea 25 years ago. Bringing back bombs -- likely to Osan Air Base, less than 50 miles south of the capital of Seoul -- would mark the first overseas nuclear deployment since the end of the Cold War, an unquestionably provocative move.” http://nbcnews.to/2npMlqNTHE CAPITOL HILL TICK TOCK -- FROM BURGESS EVERETT and SEUNG MIN KIM -- “Inside the failed covert mission to save the filibuster: A group of senators secretly tried to negotiate an end to the Senate’s decade-long judicial wars. But distrust ran too deep”: “A week before Republicans gutted the filibuster to put Neil Gorsuch on the Supreme Court, nine senators gathered in John McCain’s office to see whether they could save the Senate from spiraling further into disrepair.“In the room were centrists like Sens. Chris Coons (D-Del.) and Susan Collins (R-Maine), who spearheaded the effort to recruit enough senators to avoid the collision course their party leaders were on, as well as some lawmakers who had distanced themselves from such talks but were willing to listen, such as Sen. Bob Corker (R-Tenn.). ‘Are we just going to sit here and pee on each others’ shoes for the rest of our adult lives?’ Coons said of what spurred his bid to try and save the filibuster. ‘How does this ever get better?’ …“This story is based on interviews with more than 20 senators and Capitol Hill aides, some of whom differed on just how close the working group came to saving the Supreme Court filibuster. But on one point, everyone agrees: The gap between the two parties was too broad and mistrust too baked in after 15 years of nomination wars for a bipartisan ‘gang’ to prevent the Senate from drifting further away from its collaborative roots.” http://politi.co/2oNbQ5g-- IN HIS OWN WORDS -- “Sen. Mitch McConnell: Democrats reap what they have sown,” in WaPo: http://wapo.st/2nObTcbPLAYBOOK INBOX -- “WHCD Invite: The Golden Age of Journalism Party with Independent Journal Review”WHAT JARED AND IVANKA ARE READING -- “Trump’s White House Is a Family Business. That’s Not a Bad Thing. Critics complain about the presence of Jared Kushner and Ivanka Trump in the White House. But it’s a more promising model than most people appreciate,” by Yale School of Management professor Jeffrey Sonnenfeld in Politico Magazine: “By virtue of their close relationship with the president, Jared and Ivanka are able to speak truth to power without fear of suspect motives. This is a major advantage of family enterprises. The great merchant banking families were able to cover the globe, operating in distant seaports, with primitive communication and painfully slow transportation by dispatching family members as their emissaries in these far off lands. With shared values, deeper bonds of trust, greater respect for risk taking, and longer time frames, family dynastic wealth has been a huge force in the success of global enterprises. Today, companies like Ford, Wal-Mart, Mars Inc., and Campbell Soup still benefit from large family stakes and faith in the mission of the enterprise.” http://politi.co/2oPXhOeWELCOME TO THE NEIGHBORHOOD! -- Trump’s VA Secretary David Shulkin recently bought an apartment in Penn Quarter.THE NEW #THISTOWN -- “Omarosa to be married at Trump Hotel,” by Tara Palmeri: “White House senior staffer Omarosa Manigault will be celebrating her wedding Saturday morning in President Donald Trump’s trademark hotel in Washington, D.C. just steps away from the White House ... There will be a wedding, brunch and reception at the Old Post Office Pavilion on Pennsylvania Ave. that was recently converted to the Trump Hotel. Manigault ... is an assistant to the president and director of communications for the White House Office of Public Liaison. ... Jennifer Korn, a special assistant to the President in the same office, tweeted photos of Manigault and her White House colleagues including counselor Kellyanne Conway, deputy press secretaries Lindsay Walters and Sarah Sanders feting Manigault before the wedding.” http://politi.co/2oN7bk3 ... Korn’s tweet with four pix http://bit.ly/2pdhutDMEDIAWATCH – “Maggie Haberman: The New York Times reporter Trump can’t quit,” by CNN’s Dylan Byers: “There may be no reporter Trump respects, and fears, more than Haberman. He may bash and beat up on the Times, and her, but he inevitably returns to her to share his thinking and participate in interviews. He does so because, in addition to having known her for so long, he knows that she matters, that she will not treat him with kid gloves but not be unfair either, that she commands the respect of the political communities in both Washington and New York. ... Many journalists have marveled at the way she includes several new revelations in one story that other reporters would have spread out over many articles. It’s because she has so much information. … The price of such proximity to power can often be one’s credibility. Many reporters in American politics have traded objectivity for access, eagerly accepting what a president or politician gives them simply because they know it is new and exclusive. Haberman is not that reporter.” http://cnnmon.ie/2ociXmj--NOTE FROM CBS’S DAVID RHODES -- “CBSN is coming to television this summer. You’ll be seeing some activity around the Broadcast Center in the coming weeks as we gear up for this exciting new project. In August, CBS News will be extending CBSN’s documentary brand ‘CBSN Originals’ to broadcast with a limited primetime series that will air on the CBS Television Network as well as CBSN. Each primetime hour will feature the distinctive style of CBSN’s long-form originals which have streamed periodically on digital platforms since Nancy Lane first sent Vlad Duthiers to Paris and Brussels in early 2016 to follow up the Bataclan attack.“Our summer shows will be executive produced by Mosheh Oinounou and will involve talent and producers drawn from CBSN and CBS News. The team is working out of the 6th floor space formerly occupied by the election-year political unit.”--“Walt Mossberg is retiring in June” -- The Verge: “I’ll be hanging it up shortly after the 2017 edition of the Code Conference, a wonderful event I co-founded in 2003 and which I could never have imagined back then in Detroit. ... Over my career, I’ve reinvented myself numerous times. I covered the Pentagon, the State Department, and the CIA. I wrote about labor wars, trade wars, and real wars. … I co-founded a couple of media businesses. And, in the best professional decision of my life, I converted myself into a tech columnist in 1991. As a result, I got to bear witness to a historic parade of exciting, revolutionary innovation — from slow, clumsy, ancient PCs to sleek, speedy smartphones; from CompuServe and early AOL to the mobile web, apps, and social media.” http://bit.ly/2pdmnDe-- LAURA INGRAHAM is writing a new book called “Billionaire at the Barricades: The Populist Revolution from Reagan to Trump.” It was announced on Friday by All Points Books of St. Martin’s Press.GREAT WEEKEND READS, curated by Daniel Lippman:--“Why Cops Shoot,” by Ben Montgomery in the Tampa Bay Times: “Only once in the six years and 827 shootings analyzed was an on-duty cop charged with a crime for shooting someone. It got thrown out of court.” http://bit.ly/2nIqhD2 (h/t Longform.org)--“The Paranoid Style in American Politics,” by Richard Hofstadter in the Nov. 1964 issue of Harper’s: “It had been around a long time before the Radical Right discovered it—and its targets have ranged from ‘the international bankers’ to Masons, Jesuits, and munitions makers.” http://bit.ly/2oJCSu6--“Death of a Dystopian,” by Alec Wilkinson in The New Yorker: “Alt-right conspiracy theorists think that the government killed the aspiring Libertarian filmmaker David Crowley. The truth is far stranger.” http://bit.ly/2oFwMv4--“The Ketchup Conundrum,” by Malcolm Gladwell in the Sept. 6, 2004 New Yorker: “Mustard now comes in dozens of varieties. Why has ketchup stayed the same?” http://bit.ly/2o2gola--“Knight Errant Of Music,” by Christopher Carroll in the N.Y. Review Of Books: Virgil Thomson “was hardly a model critic. He gave friends positive reviews, enemies negative reviews, and usually made sure his own music was reviewed by a stringer (occasionally he did it himself). He routinely slept through performances he was reviewing, had a penchant for making sweeping and sometimes perplexing generalizations, and dismissed beloved works and composers with little explanation.” http://bit.ly/2oewUkl--“Detective Guevara’s Witnesses,” by BuzzFeed’s Melissa Segura: “Chicago Police Detective Reynaldo Guevara is accused of framing at least 51 people for murder. When a group of mothers, aunts and sisters found that no officials — not the state’s attorney’s office, not the mayor’s office — wanted to take up their cause, the women went in search of justice themselves. Next week a man convicted in one of Guevara’s most dubious cases will be in court for what could be his last chance at freedom. Will prosecutors continue fighting to keep Roberto Almodovar behind bars?” http://bzfd.it/2oMXMc0--“The Strange Persistence of Guilt,” by Wilfred M. McClay in the Hedgehog Review: “Making a claim to the status of victim offers a means by which the moral burden of sin can be shifted, and one’s innocence affirmed.” http://bit.ly/2oJPQI4 (h/t ALDaily.com)--“The Secret Lobotomy of Rosemary Kennedy,” by Lyz Lenz in Marie Claire: “JFK’s younger sister was permanently disabled by a barbaric surgery in the 1940s. Now, her legacy is more important than ever.” http://bit.ly/2o7qRxu--“The Desperate Journey of a Trafficked Girl,” by Ben Taub in The New Yorker: “Every year, thousands of teen-agers from one city in Nigeria risk death and endure forced labor and sex work on the long route to Europe.” http://bit.ly/2oFtsju--“The Dirtbag Left’s Man in Syria,” by Reeves Wiedeman in NY Mag: “What PissPigGranddad — Twitter hero to radicals everywhere — saw in the war he’s about to come home from.” http://nym.ag/2nhUBsw (h/t Longreads.com)--“Cooking Lessons,” by Daniel Duane in California Sunday: “Disillusioned with fine dining, one of the world’s great chefs took on fast food. It has been harder than he ever imagined.” http://bit.ly/2nPtxNLSPOTTED: DNC Chairman Tom Perez last night at Hamilton … Arianna Huffington on the 6 p.m. Acela from D.C. to NYC. … Connecticut Gov. Dan Malloy on the phone yesterday at Washington National Airport waiting for his delayed flight to Hartford with his formidable-looking security detail ... Jill Biden on an Amtrak train yesterday to D.C. from NYC.WEDDING WEEKEND -- Victoria Adams, director of political programs at Merck, and J. Michael Logsdon were married Friday evening at the Omni Bedford Springs Resort in Pennsylvania, known for hosting 12 presidents and being called President James Buchanan’s “summer White House.” Pics http://bit.ly/2nOcHO9 … http://bit.ly/2nW3jca SPOTTED: Erica and Matt Farage, Matt and Rebecca Haller, Annie Tomasini, Caitlin Donahue, Ryan Triplette, Lauren Cozzi, Anne Devlin, Jessi Buechler, Jim and Nikki Morrell, Natalie Thomas, Justin Holman, Dave and Christine Marks, Andy and Nancy Margaret Adler.TRANSITIONS – OBAMA ALUMNI -- MATT LEHRICH has moved out west to San Francisco, where he’s started his own communications and political consulting practice and launched a side project called Bronn, which helps connect former Obama Administration staffers with consultants, causes, and organizations who need project-based talent. Matt led comms and outreach at the Department of Education, was a VP for crisis communications and reputation management at Porter Novelli, and was assistant press secretary at the White House. http://bit.ly/2ocmIZf-- His fiancée, Stephanie Beechem, who was formerly research director and communications adviser at the State Department, has also started a new job working on strategic communications and media relations in the University of California office of the president.-- Paul Weinberger has been named director of federal relations for the University of Illinois System. He most recently served as VP for congressional and public affairs at the Millennium Challenge Corporation.BIRTHDAYS: John Weaver, “proud husband of an Irish citizen & dad to 2 awesome kids. American. Aggie. Spurs. McCain & Kasich strategist,” per his Twitter … The White House’s Liza Georges (hat tip: Peter Nonis) … Tom DeLay is 7-0 … Seymour Hersh is 8-0 ... Chuck Todd, NBC News’ political director, moderator of “Meet the Press” and the pride of Miami, is 45 ... Robin Sproul, VP and Washington bureau chief at ABC News ... Susan Brophy, managing director of Glover Park Group, a Clinton alum (h/t Joel Johnson) … Janet Goldstein (h/t Jon Haber) ... former U.N. Secretary-General Kofi Annan is 79 ... Mary Beth Cahill … Mike Leiter, Leidos and Palantir alum and former director of the National Counterterrorism Center ... Meghan Pianta, a director at Glover Park Group ... Sen. Ron Johnson (R-Wis.) is 62 ... Politico’s Christian Guirreri ... WaPo deputy business editor Zach Goldfarb ... former Rep. David Wu (D-Ore.) is 62 … Madeline Beecher of 270 Strategies ... Jake Itzkowitz ... Jack Daly ... WSJ media reporter Lukas I. Alpert ... Alexander Jefferson Haffetz …... Lauren Skowronski, VP of corporate comms at NBCUniversal ... George Arzt ... Jackie Kessel, SVP of BerlinRosen … E&E News reporter Corbin Hiar, who won a National Press Club award last year (h/t Colby Bermel) ... Robin Wright of “House of Cards” is 51 ... Microsoft alum Mike Cohen, founder of Congress in Your Pocket … Mike McCauley, an HHS and Obama alum ... Dan Gainor, VP for business and culture at Media Research Center … Heather Brand, the personal photographer for McCain-Palin 2008 ... Mark Miller ... BuzzFeed’s Liz Wasden, a Facebook and ABC alum ... Bruce Charash is 61 ... Boyd Norton ... Kate Stence ... Jim Garamone ... Raymond Siller, an NBC and ABC alum, is 78 ... Melissa Wagoner Olesen ... Brennan Monaco ... Jack Daly … Lynn Becker (h/t Teresa Vilmain) ... “Survivor” winner Richard Hatch is 56 ... Patricia Arquette is 49 (h/ts AP)THE SHOWS, by @MattMackowiak, filing from Washington:--“Fox News Sunday”: Lt. Gen. H.R. McMaster … Sen. John Cornyn (R-Texas) … Sen. Ben Cardin (D-Md.). Panel: Bill Kristol, Mo Elleithee, Lisa Boothe and Juan Williams ... “Power Player of the Week” with University of Texas System chancellor Adm. William H. McRaven (Ret.)--NBC’s “Meet the Press”: U.N. Ambassador Nikki Haley … Sen. Lindsey Graham (R-S.C.) … Sen. Bernie Sanders (I-Vt.) … Sen. Tim Kaine (D-Va.). Panel: David Brooks, Helene Cooper, Danielle Pletka and Rich Lowry--CNN’s “State of the Union”: Nikki Haley … Rep. Tulsi Gabbard (D-Hawaii). Panel: Mike Rogers, Jen Psaki, Rick Santorum and Vali Nasr--ABC’s “This Week”: Secretary of State Rex Tillerson … Sen. Marco Rubio (R-Fla.) … Rep. Adam Schiff (D-Calif.) … Tom Friedman. Panel: Kristen Soltis Anderson, Cornell Belcher and Matthew Dowd--CBS’s “Face the Nation”: Rex Tillerson … Sen. John McCain (R-Ariz.). Panel: Tom Donilon, Michael Morell and Fran Townsend. Panel: Ruth Marcus, Ramesh Ponnuru, Ed O’Keefe and Michael Duffy--Fox News’ “Sunday Morning Futures”: Commerce Secretary Wilbur Ross … Ryan Crocker … Rep. Ed Royce (R-Calif.) … Karl Rove … former FBI assistant director James Kallstrom. Panel: Ed Rollins, Maslansky & Partners president Lee Carter and Evan Siegfried--Fox News’ “MediaBuzz”: Kellyanne Conway … Erin McPike … Mollie Hemingway … Margaret Carlson … Ed Henry … Gillian Turner--CNN’s “Inside Politics” with John King: Panel: Julie Pace, Perry Bacon, Jr., Molly Ball and Phil Mattingly--CNN’s “Fareed Zakaria GPS”: David Petraeus … Carnegie Endowment for International Peace senior fellow Karim Sadjadpour and Robin Wright … Harvard University’s Graham Allison and the Council on Foreign Relations’ Elizabeth Economy--CNN’s “Reliable Sources”: Syria Deeply co-founder & CEO Lara Setrakian and Jeremy Scahill. Panel: Emily Steel, David Folkenflik, American University’s Jane Hall, David Zurawik and lawyer Lisa Bloom … Michael Wolff--Univision’s “Al Punto”: Rep. Ileana Ros-Lehtinen (R-Fla.) … Rep. Luis Gutierrez (D-Ill.) … Alfonso Aguilar … survivor of Colombian avalanche Ercy Margarita Lopez … Venezuelan national assembly president Julio Borges … musician Chyno Miranda--C-SPAN: “The Communicators”: USTelecom president & CEO Jonathan Spalter, questioned by Reuters’ David Shepardson … “Newsmakers”: Rep. Phil Roe (R-Tenn.), questioned by Politico’s Connor O’Brien and CQ Roll Call’s Kellie Mejdrich …“Q&A”: Author and journalist John Farrell (“Richard Nixon: The Life”)--Washington Times’ “Mack on Politics” weekly politics podcast with Matt Mackowiak (download on iTunes or listen at http://bit.ly/2mGabdq Jim Talent … Gordon Chang
Critics complain about the presence of Jared Kushner and Ivanka Trump in the White House. But it’s a more promising model than most people appreciate.
Packaged foods retailer, Campbell Soup Company (CPB) rewarded investors by approving a new share repurchase program to buy back shares to the tune of $1.5 billion, sans expiration date.
Campbell Soup (CPB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Пищевые гиганты, такие как General Mills и Kellogg, создают венчурные фонды для финансирования стартапов, выпускающих здоровое питание. Они рассчитывают перенять у молодых компаний дух предпринимательства и инноваций. Потребители все чаще предпочитают натуральные, свежие, более полезные для здоровья продукты. Не сразу осознавшие изменения потребительских предпочтений крупные компании сейчас оказались в тупике. Недавно Kraft Heinz, безуспешно борющаяся с падением продаж в США и Европе, заявила о готовности выкупить Unilever за $143 млрд, однако британский концерн отказался от сделки. Неутешительные данные о продажах опубликовали Nestle, General Mills, J.M. Smucker и Campbell Soup. Компания Nestle, крупнейший в мире производитель фасованных продуктов питания, отозвала целевые показатели продаж на ближайшие три года, заявив, что ей нужно время, чтобы адаптироваться к фундаментальным изменениям на рынке.
Пищевые гиганты, такие как General Mills и Kellogg, создают венчурные фонды для финансирования стартапов, выпускающих здоровое питание. Они рассчитывают перенять у молодых компаний дух предпринимательства и инноваций. Потребители все чаще предпочитают натуральные, свежие, более полезные для здоровья продукты. Не сразу осознавшие изменения потребительских предпочтений крупные компании сейчас оказались в тупике. Недавно Kraft Heinz, безуспешно борющаяся с падением продаж в США и Европе, заявила о готовности выкупить Unilever за $143 млрд, однако британский концерн отказался от сделки. Неутешительные данные о продажах опубликовали Nestle, General Mills, J.M. Smucker и Campbell Soup. Компания Nestle, крупнейший в мире производитель фасованных продуктов питания, отозвала целевые показатели продаж на ближайшие три года, заявив, что ей нужно время, чтобы адаптироваться к фундаментальным изменениям на рынке.
Campbell (CPB) has been performing well on the back of its growth strategies, robust cost savings and impressive bottom-line performance.
Трамп порекомендовал всем находящимся в зале обратить внимание на то, что сегодня происходит в Европе – в Швеции, Германии, Франции и их крупнейших городах. Даже очень терпимые люди, как один из друзей президента, которые много лет подряд посещали Ниццу или Париж, сегодня не могут там находиться, так как эти места больше не похожи на самих себя. В связи с этим американцам следует быть умнее, чтобы не позволить случиться подобному в Соединенных Штатах – именно поэтому исламским террористам будет закрыт въезд в эту страну, а если они все же туда просочатся, им придется немедленно убраться восвояси. Политика «закрытых дверей» в отношении этих людей будет дополнена новыми мерами в самое ближайшее время – мы будем делать все для обеспечения надежной защиты наших граждан, заверил слушателей глава государства. Никто и никогда не услышит извинений за эти действия, направленные на усиление безопасности простых людей – сегодня это задача номер один, чтобы не говорили и не писали критики.
State Dining Room 10:57 A.M. EST THE PRESIDENT: Well, thank you very much. It's a great honor to have everybody. And some of the great people in the world of business, many of you I know -- many of you I know from reading all of our wonderful magazines and business magazines, in particular. So it's an honor to have you with us today. Bringing manufacturing back to America, creating high-wage jobs was one of our campaign promises and themes, and it resonated with everybody. It was really something what happened. States that hadn’t been won in many, many years were -- they came over to our fold. A lot of it had to do with the jobs, and other reasons -- but jobs. And I'm delivering on everything that we've said. In fact, people are saying they've never seen so much happen in 30 days of a presidency. We've delivered on a lot. And I think Mark can explain, and Mark can probably say some of the things we're doing for the auto industry. We're going to be doing for many of the industries. As you know, the United States lost one-third of our manufacturing jobs since NAFTA. That's an unbelievable number and statistic. And 70,000 factories closed since China joined the WTO -- 70,000 factories. So when I used to give that statistic, I used to talk about and I always thought it was a typo. I said, it has to be a typo. I tell Wilbur -- Wilbur, that can't be right -- 70,000. Think of it, 70,000 factories. So you say, what are we doing? My administration's policies and regulatory reform, tax reform, trade policies will return significant manufacturing jobs to our country. Everything is going to be based on bringing our jobs back, the good jobs, the real jobs. They've left, and they're coming back. They have to come back. You've already seen companies such as Intel, Ford. Mark has been great. GM, Walmart, Amgen, Amazon, Fiat -- they came the other day; they're going to make a tremendous investment in the country. Carrier and many others announced significant new investments in the United States. For example, Ford is doing 700 million in Michigan, creating 700 new jobs -- is a vote of confidence. It was actually stated a vote of confidence. We have many other companies doing the same thing. Carrier, as you know -- and I got involved very late, almost like by two years late -- but many of the jobs that were leaving for Mexico, they're bringing back at least 800 jobs they're bringing back. And they actually never got to leave. I have no idea what they did with the plant in Mexico, but we'll have to ask them, because it was largely built. General Motors is investing $1 billion in U.S. plants, adding or keeping 7,000 jobs. And it's going to be investing a lot more than that over the next fairly short period. Lockheed Martin has -- they've just announced 1,800 new jobs, and U.S. plants are doing a great job, and we started negotiating with them a little bit on the F-35. They cut their price a little bit. Thank you very much. She's tough. (Laughter.) But it worked out well I think for everybody. And I think I have to say this: Marillyn, you've gotten a lot of credit, because what you did was the right thing. So we appreciate it. She cut her price over $700 million, right? By over $700 million. You think Hillary would have asked for $700 million? (Laughter.) Oh, boy, I hope you -- I assume you wanted her to win. But you know what? You're going to do great and you're going to make more planes. It's going to work out the same, or better. Walmart announced plans to create 10,000 jobs, and all of those jobs are going to be in the United States. Sprint and SoftBank is putting in $50 billion because of our election in the United States, over the next four years, to create 50,000 jobs. They've been terrific, by the way. And we have many others. Many of you are in the room, and you know exactly what I'm talking about. We have many, many other companies. And we're very happy. Today we have 24 CEOs from the largest manufacturing companies in the country and even in the world. They represent people just in this room, nearly $1 trillion of sales and 2 million employees, large majorities of which are in the United States. They share our commitment to bringing manufacturing back and to create jobs in this country, which has been the biggest part of my campaign. I would say the border, a big part. Military strength, big part. And jobs, big part. I don’t want to say which is most important. I guess we always have to say defense is maybe the most important. But many of you take care of our defense, you make great products. Nobody makes the products that we do for our military. Nobody. And, in fact, a couple of countries who were not allowed to buy from us, I gave them -- hello, Jeff -- I gave them authorization -- you can only buy from us. I want them to buy from us. They were getting planes from other countries because our -- and they’re allies. But they’re going to be buying from us from now on. And I just want to thank all of my people. My staff has been amazing. Gary, as you know -- you all know Gary from Goldman, Gary Cohn. And we’re really happy -- just paid $200 million in tax in order to take this job, by the way. (Laughter.) Which is very much unlike Gary. But he’s great. And he’ll be criticized by the media because he’s getting paid $197,000. They’ll say he really wanted that money -- which he gave up. I think he gave up -- did you give that up, Gary? I think so. MR. COHN: Yes. PARTICIPANT: It was one of those things. THE PRESIDENT: It was one of those things. That’s right. (Laughter.) I want to thank -- Wilbur has been so fantastic. I’ve known Wilbur for so long, and he’s a great guy, great negotiator, but a very fair negotiator. And he’s going to be doing things that -- the deals we have with other countries are unbelievably bad. We don’t have any good deals. In fact, I’m trying to find a country where we actually have a surplus of trade as opposed to -- everything is a deficit. With Mexico, we have $70 billion in deficits, trade deficits, and it’s unsustainable. We’re not going to let it happen. Can’t let it happen. We’re going to have a good relationship with Mexico, I hope. And if we don’t, we don’t. But we can’t let that happen -- $70 billion in trade deficits. And that doesn’t include the drugs that pour across the border, like water. So we can’t let that happen. With China, we have close to a $500-billion trade deficit. So we have to do something. I spoke to the President, I spoke to many people. We’re going to work on that very, very hard, and we’re going to do things that are the proper things to do. But I actually said to my people: Find a country where we actually do well. So far, we haven’t found that country. It’s just losses with everybody, and we’re going to turn that around. I want to thank Jared Kushner, who has been so involved in this, and all of my guys. We have a great team. We have a team of all-stars. And we’ve been credit -- we’ve really been given credit for that. Right now, Rex, who, as you know, he’s in Mexico -- I said, that’s going to be a tough trip, because we have to be treated fairly by Mexico. That’s going to be a tough trip. But he’s over there with General Kelly, who’s been unbelievable at the border. You see what’s happening at the border. All of a sudden for the first time we’re getting gang members out, we’re getting drug lords out. We’re getting really bad dudes out of this country and at a rate that nobody has ever seen before. And they’re the bad ones. And it’s a military operation because what has been allowed to come into our country -- when you see gang violence that you’ve read about like never before and all of the things -- much of that is people that are here illegally. And they’re rough and they’re tough, but they’re not tough like our people. So we’re getting them out. I thought what we could do is maybe we’ll start with Ken on my left, and we’ll go around the room and introduce yourselves to the press. Lots of media. One thing, we have lots of media. How are you? Treats me -- that’s one that treats me very nicely, one of the few. Hi. And we’ll just start around -- go around the room and then we’ll talk privately without the press, and we’re going to figure out how to bring many, many millions of jobs more back to the United States, okay? Ken, go ahead. MR. FRAZIER: Thank you, Mr. President, it’s good to be here. Ken Frazier from Merck & Co., Inc. MR. FIELDS: Thank you, Mr. President. Mark Fields, CEO of Ford Motor Company. MS. MORRISON: Thank you, Mr. President. Denise Morrison from Campbell Soup Company. THE PRESIDENT: Good soup. MS. MORRISON: Thank you. MR. HAYES: Thank you, Mr. President. Greg Hayes from United Technologies, the parent company of Carrier. THE PRESIDENT: Did you bring any more of those jobs back from Carrier? (Laughter.) But one thing he did -- you know, I told -- I said, you were given so much credit for that, and I heard, two days ago, that you’re selling far more Carrier air conditioners than you thought, just as a patriotic move. People are buying Carrier because of what you did -- bringing the jobs back to Indiana. MR. HAYES: That’s exactly right. It’s a great success. THE PRESIDENT: Right? So, I said that. I thought that was going to happen. Good. Thank you. MR. STYSLINGER: Thank you, Mr. President. Lee Styslinger with Altec, Inc. MR. GORSKY: Thank you, Mr. President. Alex Gorsky with Johnson & Johnson. MR. FARR: Thank you, Mr. President. David Farr with Emerson. St. Louis. MR. OBERHELMAN: Doug Oberhelman, executive chairman of Caterpillar. We have plenty of D10s available for you. THE PRESIDENT: I love those D10s. (Laughter.) I even like the D12. Are they still doing the D12? MR. OBERHELMAN: We’re doing a D11, and we have some of those around as well. THE PRESIDENT: Because the D12, I’m waiting for, you know. That’s going to be bigger than anything ever in history, right? But there’s nothing like what you do. The Caterpillars are the best. MR. OBERHELMAN: Thank you. THE PRESIDENT: And when we raise the dollar, and we let other people manipulate their currencies, it’s the one thing that stops you, Doug -- right? MR. OBERHELMAN: Well, we’ll take them on. Bring them on. THE PRESIDENT: Right, technology. No, but we have to give you a level playing field. MR. OBERHELMAN: We need a level playing field. THE PRESIDENT: We have to let other countries give you a level playing field. So, what a great company. I love Caterpillar. I’ve been driving them for a long time. MR. OBERHELMAN: Well, come out and see us, and we’ll put you in one. (Laughter.) THE PRESIDENT: Okay, good. I might do that soon. Go ahead. MR. KAMSICKAS: Jim Kamsickas, Dana Incorporated. Thank you. MR. LONGHI: Mario Longhi, with U.S. Steel, Mr. President. Thank you for the opportunity. THE PRESIDENT: And you’re going to be doing pipelines now. You know that, right? We put you heavy into the pipeline business because we approved, as you know, the Keystone Pipeline and Dakota. But they have to buy -- meaning, steel, so I’ll say U.S. Steel -- but steel made in this country and pipelines made in this country. MR. LONGHI: 100 percent, Mr. President. We’ll be there. THE PRESIDENT: So the pipe is coming from the U.S. MR. LONGHI: By the way, when you come drive trucks, come up to Minnesota and our mines. You’re going to see us running up there. THE PRESIDENT: Good. I’ll do it. I’ll be out there. MR. FETTIG: Mr. President, thank you. Jeff Fettig, Whirlpool Corporation. THE PRESIDENT: Yep, good. MS. HEWSON: Thank you, Mr. President. Marillyn Hewson, Lockheed Martin Corporation. I just want to thank you for this opportunity that we’ve spent this morning in the working groups, and the opportunity to talk to you today about generating jobs. We’re very excited about the fact that this is one of the first actions that you want to take on. So thank you very much. THE PRESIDENT: Good. Well, thank you, and thank you for what we did. Lot 10, we call it. Lot 10 -- 90 planes. It was 90 planes out of 3,000, but it was not doing so well, and now it’s doing great. Right? MS. HEWSON: That’s right, Mr. President. THE PRESIDENT: Okay, good. MS. HEWSON: And we welcome you to Fort Worth to see those aircraft on the production line. THE PRESIDENT: Good. Very good. Thank you, Marillyn. MR. IMMELT: Mr. President, good to see you again. Jeff Immelt with GE. THE PRESIDENT: Good. Hi, Jeff. MR. IMMELT: Great to be here. Look forward to really working you on creating more manufacturing jobs. THE PRESIDENT: Jeff actually watched me make a hole-in-one, can you believe that? Should you tell that story? MR. IMMELT: We were trying to talk President Trump into doing "The Apprentice." That was my assignment when we owned NBC. President Trump goes up to a par 3 on his course, he looks to the three of us and says, “You realize of course I’m the richest golfer in the world.” That’s a comment, then gets a hole-in-one. (Laughter.) THE PRESIDENT: Crazy. MR. IMMELT: I have to say, you know, I’ve seen the magic before. (Laughter.) THE PRESIDENT: It’s so crazy that -- no, I actually said I was the best golfer of all the rich people -- (laughter) -- to be exact. And then I got a hole-in-one. MR. IMMELT: That’s what you said. THE PRESIDENT: So, it was sort of cool. Thank you. Thank you very much. MR. BROWN: Thank you, Mr. President. Bill Brown from Harris Corporation. And thank you for coming to our headquarter location in Melbourne, Florida twice. Thank you. THE PRESIDENT: Absolutely. Thank you. MR. WEEKS: Wendell Weeks, Corning Incorporated. Thank you. MR. FERRIOLA: Thank you, Mr. President. John Ferriola, Nucor Corporation. THE PRESIDENT: Great. MR. ALTHOFF: Thank you, Mr. President. Don Althoff with Veresen, Inc. MR. SUTTON: Good morning, Mr. President. Mark Sutton, chairman and CEO of International Paper. THE PRESIDENT: Great. Bob Craft is a big fan of yours. You know, that right? MR. LEIMBACH: Thank you, Mr. President. Keith Leimbach, CEO of LiveOps, representing the services industry in a manufacturing form. THE PRESIDENT: Yes, I know. MR. LEIMBACH: Let’s remember to bring those services jobs back as well. THE PRESIDENT: Good. We will. MR. LIVERIS: Good morning, Mr. President. I’m Andrew Liveris, Dow Chemical. Thank you for the opportunity, and bringing the language of business back to the White House, and I’m here to make chemistry sexy again. (Laughter.) THE PRESIDENT: And I want to thank you for your help. You’ve been great. Thank you, Andrew, very much. Nobody knows Ivanka. (Laughter.) MR. THULIN: Good morning, Mr. President. Inge Thulin, 3M. THE PRESIDENT: Thank you. Reed, thank you also. Thank you. Say it again, please. MR. THULIN: Inge Thulin, 3M. Good morning. THE PRESIDENT: Yes. Great company. MR. DELL: Good morning, Mr. President. Great to be back. It’s Michael Dell, with Dell Technologies. THE PRESIDENT: Hi, Michael. Nice to see you. MS. NOVAKOVIK: Good morning, Mr. President. Phebe Novakovic, General Dynamics. THE PRESIDENT: Great. MR. LUCIANO: Good morning, Mr. President. Juan Luciano, Archer Daniels Midland. THE PRESIDENT: Great. Great companies. Jared. So, Jared, maybe I’ll let you take over for a little while, and we’ll then -- we’re going to then go through the room very, very carefully. We’re going to find out how we bring more jobs back. And thank you to the press and the media. We really appreciate it, and we’ll see you later. Thank you very much. END 11:12 A.M. EST
3 TRUTHS about Trump’s W.H. -- U.S. gets chilly reception in Mexico -- MNUCHIN says tax reform by Aug... we say no way -- THE JUICE: Obama hosts party at new digs, COSTA to guest host WASH WEEK
Listen to Playbook in 90 Seconds http://bit.ly/2ltzZeD ... Subscribe on iTunes http://apple.co/2eX6Eay ... Visit the online home of Playbook http://politi.co/2f51JnfPRESIDENT DONALD TRUMP will go on "Fox and Friends" Feb. 28 -- the morning of his speech to a joint session of Congress.Good Thursday morning. Well, we got through about half the week before Donald Trump caused an uproar over his decision to withdraw protections for transgender students. The move, which his Education Secretary Betsy DeVos reportedly disagreed with, showed three key truths about Trump’s nascent presidency. First, the power resides at the White House. Trump isn’t showing deference to his Cabinet picks, as some in Washington had hoped he would. Two, Trump is continuing to deliver for his base. The order, which puts him squarely in the middle of the culture wars, will be extremely popular on the right, particularly among evangelicals who came out in big numbers for Trump. It’s also another example of Trump not caring about expanding his coalition. Three, Trump is using precious political capital to take on issues Congressional Republicans would prefer he ignore. They'd rather him use his juice to pass tax reform, or rewrite health care laws. As Republicans across the country continue to face screaming constituents at town halls, Trump's focus on transgender bathrooms doesn’t give them anything to say to people worried about losing their health care. NOTE -- Trump only tweeted twice yesterday. It seems like he's eased up on blasting his unvarnished opinions -- for now. Republican leaders have begged him to pump the breaks on Twitter.THE NEWS OF THE DAY, NYT A1 -- “Trump Rescinds Rules on Bathrooms for Transgender Students,” by Jeremy Peters, Jo Becker and Julie Hirschfeld Davis: “President Trump on Wednesday rescinded protections for transgender students that had allowed them to use bathrooms corresponding with their gender identity, overruling his own education secretary and placing his administration firmly in the middle of the culture wars that many Republicans have tried to leave behind. In a joint letter, the top civil rights officials from the Justice Department and the Education Department rejected the Obama administration’s position that nondiscrimination laws require schools to allow transgender students to use the bathrooms of their choice. That directive, they said, was improperly and arbitrarily devised, ‘without due regard for the primary role of the states and local school districts in establishing educational policy.’“The question of how to address the ‘bathroom debate,’ as it has become known, opened a rift inside the Trump administration, pitting Education Secretary Betsy DeVos against Attorney General Jeff Sessions. Mr. Sessions, who had been expected to move quickly to roll back the civil rights expansions put in place under his Democratic predecessors, wanted to act decisively because of two pending court cases that could have upheld the protections and pushed the government into further litigation.” http://nyti.ms/2kPD3Tw GOOD ONE, STEVE -- “Treasury Secretary Steven Mnuchin Sees Tax Overhaul by August: Economic growth at 3% or higher is also among Trump administration’s ambitious goals, he says,” by WSJ’s Rebecca Ballhaus and Nick Timiraos: “Treasury Secretary Steven Mnuchin laid out ambitious goals to secure a U.S. tax-code overhaul by August and to deliver economic growth at rates not seen in more than a decade. … Mr. Mnuchin said the administration was working with House and Senate Republicans to smooth over differences among them on tax policy, with the aim of passing major legislation before Congress leaves for its August recess. He added, ‘that’s an ambitious timeline. It could slip to later in the year.’ …“The House GOP plan doesn’t count solely on growth. It also features limited deductions and a border-adjustment provision that taxes imports and removes taxes from U.S. exports. The plan is projected to generate about $1 trillion over a decade. The border adjustment provision has run into criticism from large retailers and other importers. U.S. senators have piled on, too, leaving the idea in trouble without a major presidential push that hasn’t happened and might never come. Mr. Mnuchin said the administration is ‘looking seriously’ at the House plan that includes border adjustment and was well aware of concerns raised by specific industries. The Treasury Department had its own concerns, he added, ‘about what the impact may be on the dollar’ from a border-adjusted tax.” http://on.wsj.com/2l2UQ4Z -- COME ON, MAN! … -- This is the most ambitious timeline envisioned by the biggest optimists on Capitol Hill. Congress isn’t planning to turn its focus to tax reform until the summer, and this deal won’t get done in a few months -- mark our words. The 1986 tax reform bill was introduced in December of 1985 and didn’t get to Ronald Reagan’s desk until October of 1986. That was a much less partisan time, a simpler business climate and a world without Twitter and cable television. Here is some suggested reading, Secretary Mnuchin. http://amzn.to/2lyF0Ru ON THE WORLD STAGE -- “Top U.S. Officials Get Chilly Reception in Mexico,” by WSJ’s Felicia Schwartz and Jose de Cordoba in Mexico City: “Top U.S. officials arrived for talks here Wednesday to find a defiant Mexican government refusing to accept President Donald Trump’s tougher immigration and deportation policies. ‘I want to make it emphatically clear that neither Mexico’s government or the Mexican people have any reason to accept provisions that have been unilaterally imposed by one government on the other,’ Mexico’s Foreign Minister Luis Videgaray said at a ceremony on Wednesday. ‘We won’t accept it because we don’t have to,’ he added, in an apparent reference to U.S. plans to return illegal migrants to Mexico, regardless of their nationality. Mr. Videgaray’s declaration spelled trouble for Secretary of State Rex Tillerson and Homeland Security Secretary John Kelly, who a White House official said were sent to ‘talk through the implementation’ of Mr. Trump’s guidelines.” http://on.wsj.com/2kPv4WvTHE NEW STATE DEPARTMENT -- “In first month of Trump presidency, State Department has been sidelined,” by WaPo’s Carol Morello and Anne Gearan: “The Trump administration in its first month has largely benched the State Department from its long-standing role as the preeminent voice of U.S. foreign policy, curtailing public engagement and official travel and relegating Secretary of State Rex Tillerson to a mostly offstage role. ... The most visible change at the State Department is the month-long lack of daily press briefings, a fixture since John Foster Dulles was secretary of state in the 1950s. The televised question-and-answer session is watched closely around the world, and past administrations have pointed proudly to the accountability of having a government spokesman available to domestic and foreign press almost every day without fail. Tillerson has also been notably absent from White House meetings with foreign leaders. ... Tillerson has not taken the usual complement of beat reporters with him on either of his foreign trips so far, opting instead for small ‘pools.’ ... The former ExxonMobil chief executive has made no speeches beyond a well-received address to State Department employees on his arrival and has held no news conferences.” http://wapo.st/2lNtbta --“Tillerson looking for ways to raise his public profile,” by Nahal Toosi: “Secretary of State Rex Tillerson has asked his aides to find ways to improve his media profile, a request that comes as U.S. diplomats increasingly worry about the direction of the State Department and whether their new boss has enough influence with President Donald Trump. A State Department official said Tillerson’s aides have asked staffers at the agency to draft a paper laying out ways he can engage with reporters, who have been given almost no access to the new Cabinet member. ... Meanwhile, several dozen Trump-appointed political staffers have arrived in Foggy Bottom, many of whom are still learning the ropes and are wary of engaging with the civil servants. ‘It’s like high school,’ said the State official familiar with Tillerson’s media request. ‘The Trump people all sit together at the tables at lunch.’” http://politi.co/2l23Jvs --“Rex Tillerson Is Already Underwater: In just a month, the tough-talking CEO has been pushed to the margins. Here’s how a potentially strong secretary of state can salvage his term,” by Aaron David Miller and Richard Sokolsky in POLITICO Magazine: http://politi.co/2m9STbQPALACE INTRIGUE -- “Trump’s open door Oval Office,” by Annie Karni: “When Omarosa Manigault, the former ‘Celebrity Apprentice’ antihero-turned-White House adviser, needs to talk to President Donald Trump, she simply strolls into the Oval Office. As assistant to the President and director of communications for the office of public liaison, Manigault enjoys what Trump aides refer to as walk-in privileges — meaning she doesn’t need an appointment or permission to pop her head in and consult with the leader of the free world. Her level of easy access marks a break from the previous administration, where President Barack Obama and his gatekeeper chiefs of staff kept at bay the number of aides, even senior officials, who simply walked in without an appointment. In contrast, Trump may have set up the most accessible Oval Office in modern history.“Along with Manigault, White House officials say, the list of aides with walk-in privileges includes chief strategist Steve Bannon, senior policy adviser Stephen Miller, chief of staff Reince Priebus, son-in-law and adviser Jared Kushner, and counselor Kellyanne Conway. White House Counsel Don McGahn has walk-in rights, as does senior communications aide Hope Hicks, and Keith Schiller, Trump’s longtime private security aide who followed him to the White House. Trump’s new national security adviser, Gen. H.R. McMaster, is also expected to be added to the informal list, according to a White House official. Press secretary Sean Spicer, often accompanied by Priebus, is another regular visitor to the Oval Office, as is chief economic adviser Gary Cohn and deputy chief of staff for operations Joe Hagin.” http://politi.co/2kPAq43-- CHRISTIE TURNED DOWN LABOR SECY: “Trump’s Apprentice-style hiring is upending Washington: The president goes on gut and instinct -- and he keeps offering Chris Christie jobs,” by Josh Dawsey and Eli Stokols: “After a meatloaf lunch at the White House last Tuesday, President Donald Trump made New Jersey Gov. Chris Christie an intriguing offer: Would he like to be secretary of labor? Christie said no, according to four people close to Trump who were briefed on the conversation, which was just the latest in a series of nudges Trump has given Christie about joining him in Washington. Christie has told Trump he is not interested and instead plans to join the private sector after he leaves Trenton next year, two people close to Trump said. ...“[Trump] cares, above all, about appearance, loyalty and a strength -- a word he often uses. ... While some of his choices are on a whim, he also likes to call dozens of people about potential hires, telling them what others said and asking them if they agree or disagree --and why. Last week, he asked TV anchors who visited the Oval Office for advice on filling the national security adviser position that opened up after Michael Flynn was ousted.” http://politi.co/2maE3ls THE JUICE … -- FORMER PRESIDENT BARACK OBAMA hosted an open house for a few dozen White House alumni at his West End office space. Vice President Joe Biden was also on hand mingling with guests. SPOTTED: Denis McDonough, Susan Rice, Cecilia Munoz, Shaun Donovan, Josh Earnest, Broderick Johnson, Valerie Jarrett, Peter Velz, Jason Furman, Chase Cushman, Shailagh Murray, and Jeff Zients.-- PAUL RYAN headed to San Francisco yesterday afternoon after his daylong tour of the Texas-Mexico border.-- SNEAK PEEK -- WISCONSIN GOV. SCOTT WALKER will speak about his experience with protests this morning at CPAC at 9:45 a.m. He will urge lawmakers to stand up to protesters. According to remarks provided to Playbook, he will say: “The tipping point, however, was when protesters -- dressed liked zombies -- disrupted the Law Enforcement Torch Run for the Special Olympics. This was the moment when normal people could see that the protestors were not like them. I mean, who messes up an event for Special Olympics athletes?” Also at CPAC today: Kellyanne Conway at 9:10 a.m., Ted Cruz at 11:10 a.m., Betsy Devos at 12:50 p.m., Reince Priebus and Steve Bannon at 1:05 p.m. and VP Mike Pence at 7:30 p.m.-- FIRST IN PLAYBOOK: The Washington Post’s ROBERT COSTA will guest host PBS’s “Washington Week” on Friday. This week is the 50th anniversary of the program, which first aired on Feb. 23, 1967. --BRIAN FALLON, DAVID DRUCKER, JACK KINGSTON, and JASON KANDER have all been named CNN contributors.--BRIAN HOOK, a former assistant secretary of state for international organizations under Bush 43, has left the private sector to return to State and work for Secretary Rex Tillerson as senior policy advisor and director of the policy planning office, sources tell Daniel and Michael Crowley. He was previously an advisor at Beacon Global Strategies, where Marc Lampkin was recently named an advisor.-- ANNIE LOWREY, who covered economic policy for New York magazine, has been hired by The Atlantic. Another marquee hire in the Jeffrey Goldberg era.-- DEVLIN BARRETT is leaving the Wall Street Journal to join the Washington Post to cover largely the same issues he reported on at the WSJ: national security, DHS, FBI, terrorism and intel. Economic reporter Damian Paletta also recently left the Journal for WaPo. TOP READ -- KEN VOGEL, DAVID STERN AND JOSH MEYER: “Manafort faced blackmail attempt, hacks suggest” http://politi.co/2lNUnbi SCOOP -- “Chief digital officer steps down from White House job over background check,” by Tara Palmeri and Daniel Lippman: “White House Chief Digital Officer Gerrit Lansing was among the six staffers who were dismissed from the White House ... after being unable to pass an FBI background check, according to sources. A source close to Lansing said the issue with the background check was over investments. Lansing previously led the digital department for the [RNC] ... Lansing left Feb. 9; his official file says he left on his accord.” http://politi.co/2lGEhjk -- @VincentHarris: “Gerrit @lansing is stand up, hard working, smart, class act and it's sad for conservatives he’s not in White House.”MIKE DUBKE PROFILE -- NEW W.H. COMMS DIRECTOR -- Amy Elinski in Enquiry: “Dubke, a native of Hamburg, [New York], graduated from Hamilton with a degree in government. While here, he was involved in the College Republicans, The Spectator, and [the college radio station], and played on the men’s rugby team. ... When asked about his new appointment, Dubke told Enquiry: ‘I can say that I am excited and honored to be working in the White House. I’ll be taking my Hamilton cane to the West Wing in case relations with the media get out of hand.’” http://bit.ly/2lsq9cPBREITBART ON KATIE WALSH -- “Exclusive – Meet Deputy Chief of Staff Katie Walsh: The Woman Who Helps Coordinate Trump’s White House,” by Matt Boyle: http://bit.ly/2lynexE FIRST FAMILY -- “Ivanka Trump visits center for minority-owned businesses,” by AP’s Catherine Lucey: “Trump expanded her research on economic policy Wednesday with a visit to a program for business owners in Baltimore. The first daughter visited the Raymond V. Haysbert Center for Entrepreneurship at the Greater Baltimore Urban League, where she participated in a roundtable discussion with minority business owners, mostly from the Baltimore area. ... Trump’s visit to Baltimore came after she took her daughter to visit the Supreme Court on Wednesday. In a post on Instagram, she wrote: ‘Arabella and I visited the Supreme Court this morning and attended a hearing. I'm grateful for the opportunity to teach her about the judicial system in our country firsthand.’” http://apne.ws/2lNpCTT ... Ivanka’s Instas on her Wednesday travels http://bit.ly/2ltAcyh ... http://bit.ly/2lIYNQi --“Ivanka Trump Is Pushing Her $500 Billion Childcare Plan on Hill,” by Bloomberg’s Sahil Kapur, Shannon Pettypiece, and Stephanie Baker: “Trump has urged lawmakers writing a tax overhaul to include a deduction for child care expenses, but with a price tag of as much as $500 billion over a decade she may have trouble finding support in Congress. Members of the House and Senate met with the president’s eldest daughter in the Roosevelt Room at the White House last week to discuss her proposed child care tax benefit, according to a person with knowledge of the meeting.” http://bloom.bg/2kPw2ChNOTHING TO SEE HERE -- “GOP to bury House resolution on Trump conflicts,” by Rachael Bade and John Bresnahan: “House Republicans next week plan to derail a Democratic resolution that would have forced disclosure of President Donald Trump's potential ties with Russia and any possible business conflicts of interest, according to multiple House sources. Seeking to avoid a full House vote on the so-called ‘resolution of inquiry’ -- a roll call that would be particularly embarrassing and divisive for the right -- Republicans will send the Rep. Jerry Nadler (D-N.Y.) proposal to the House Judiciary Committee for a panel vote on Tuesday, two Democratic sources said. The GOP-controlled committee is expected to kill the resolution.” http://politi.co/2lyuMQTPICKING UP THE PIECES -- “David Brock, donors wade into state fights: Leading Democratic figures are mounting rival efforts to boost Democrats ahead of 2020 redistricting,” by Ken Vogel: “Brock, the self-described reformed right-wing hitman who became a key figure in Hillary Clinton’s unsuccessful presidential campaign, has been named co-chair of the beefed-up board of SiX’s political arm SiX-Action, along with former Texas state Sen. Wendy Davis ... The new board also includes an operative who helped run Sen. Bernie Sanders’ populist campaign against Clinton for the Democratic presidential nomination (Richard Pelletier), as well as a key official from Obama’s reelection (Buffy Wicks), a leading figure in the Black Lives Matter movement (Rashad Robinson of Color of Change) and an adviser to the influential progressive group MoveOn.org (Karine Jean-Pierre).” http://politi.co/2lHOVpI FASCINATING STORY -- ON NYT, A9 -- "F.B.I. Interviews Tell of Cleric’s Role in Plot to Bomb Plane," by Scott Shane. http://nyti.ms/2l2XNlVSPORTS BLINK -- HOW LONG CAN JT3 SURVIVE? -- SOMEONE CHECK CILLIZZA FOR A PULSE -- “Boo birds come out as Georgetown falls at home to lowly DePaul, 67-65,” by WaPo’s Gene Wang. http://wapo.st/2lObIR9KEEP AN EYE ON THIS -- “300 protest in Anaheim after videos show off-duty LAPD officer firing gun in dispute with teens,” by L.A. Times’ Matt Hamilton, Kate Mather, Melissa Etehad and Frank Shyong: “A day after an off-duty Los Angeles police officer fired his gun during a confrontation with a group of teenagers in Anaheim, videos purportedly showing the encounter spread online, prompting questions about the officer’s actions. No one was injured by the gunfire, but the footage -- posted on YouTube and Facebook -- sparked a flurry of phone calls and emails to Anaheim police, who are investigating the officer’s actions.” http://lat.ms/2l2R9Mo COOL TOOL – Bloomberg’s Trump Tracker: daily guide to the 45th president's administration: http://bloom.bg/2m9Zp2uAT THE WHITE HOUSE TODAY -- THE PRESIDENT is meeting with CEOs and members of his staff. Tax and trade team: Treasury Secretary Steve Mnuchin; top economic adviser Gary Cohn and his aides Jeremy Katz and Shahira Knight; top trade adviser Peter Navarro; Michael Dell, the CEO of Dell Technologies; Inge Thulin, CEO of 3M; Kenneth Frazier, CEO of Merck; Mark Fields, CEO of Ford; Alex Gorsky, CEO of Johnson & Johnson. ... Regulatory reform team: Budget Director Mick Mulvaney; senior policy advisers Stephen Miller and Andrew Bremberg; Lockheed Martin CEO Marillyn Hewson; Whirlpool CEO Jeff Fettig; International Paper CEO Mark Sutton; Emerson Electric CEO David Farr; Harris Corp. CEO Bill Brown; and Campbell Soup CEO Denise Morrison. ... … Infrastructure team: Transportation Secretary Elaine Chao; Gary Cohn; former Bush Administration official DJ Gribbin; Caterpillar CEO Doug Oberhelman; Corning CEO Wendell Weeks; Nucor Corp. CEO John Ferriola; US Steel CEO Mario Longhi; Veresen Inc. CEO Don Althoff; Archer Daniels Midland CEO Juan Luciano. Workforce of the future: Ivanka Trump; nominee for Commerce Secretary Wilbur Ross; Small Business Administrator Linda McMahon; Dow Chemical CEO Andrew Liveris; United Technologies CEO Greg Hayes; LiveOps CEO Keith Leimbach; Altec CEO Lee Styslinger; General Dynamics CEO Phebe Novakovic; assistant to the President, Reed Cordish; Dana CEO James Kamsickas.-- THE BUSINESS ROUNDTABLE sent a letter to Gary Cohn ahead of the meeting, detailing the regulations the business community does not like. http://bit.ly/2lbOIYY THE CABINET -- HOT DOCS -- NYT A13, “The Pruitt Emails: E.P.A. Chief Was Arm in Arm With Industry,” by Coral Davenport and Eric Lipton: “As Oklahoma’s attorney general, Scott Pruitt, now the Environmental Protection Agency administrator, closely coordinated with major oil and gas producers, electric utilities and political groups with ties to the libertarian billionaire brothers Charles G. and David H. Koch to roll back environmental regulations, according to over 6,000 pages of emails made public on Wednesday. ... Senate Democrats tried last week to postpone a final vote until the emails could be made public, but Republicans beat back the delay and approved his confirmation on Friday largely along party lines. The impolitic tone of many of the emails cast light on why Republicans were so eager to beat the release.” http://nyti.ms/2lxxIxq GOOD LUCK -- “How Trump’s campaign staffers tried to keep him off Twitter: The trick? Making sure his media diet included a healthy dose of praise,” by Tara Palmeri: http://politi.co/2l21UigTHE LOYAL OPPOSITION -- “Liberal group launches ‘Moscow Project’ to pressure Trump,” by Gabe Debenedetti: “Seeking to apply new pressure on President Donald Trump over his ties to Russia, the liberal Center for American Progress Action Fund is bringing on a former State Department official to run its new ‘Moscow Project,’ while advocating the creation of an independent investigation even while the Senate Intelligence Committee’s probes proceed. Max Bergmann — a former member of the State Department’s policy planning staff who was previously a speechwriter for Secretary John Kerry and a special assistant to the under secretary for arms control and international security — will lead the group’s efforts on Russia as political scrutiny mounts over alleged ties between Trump’s campaign and Russian intelligence. The organization is in the process of hiring more researchers and communications staff in its war room, which is run by former Harry Reid aide Adam Jentleson.” http://politi.co/2lsRLP4-- “Obama lawyers form ‘worst-case scenario’ group to tackle Trump,” by Isaac Dovere: “Top lawyers who helped the Obama White House craft and hold to rules of conduct believe President Donald Trump and his staff will break ethics norms meant to guard against politicization of the government — and they’ve formed a new group to prepare, and fight. United to Protect Democracy, which draws its name from a line in President Barack Obama’s farewell address that urged his supporters to pick up where he was leaving off, has already raised a $1.5 million operating budget, hired five staffers and has plans to double that in the coming months. They’ve incorporated as both a 501(c)(3) and 501(c)(4), allowing them to operate as a nonprofit but participate in some forms of political advocacy as well.” http://politi.co/2mo6UyC-- "'They’re trying to turn Elizabeth into a boogeyman': Republicans are already trying to make Elizabeth Warren the face of the Democratic Party — and the 2018 midterms," by Burgess Everett and John Bresnahan. http://politi.co/2lO2Drw THE CLINTON BEAT -- “Hillary Clinton to speak at St. Patrick’s Day Dinner in Scranton,” by The Times Tribune’s Patrick Wilding: “When she arrives, 214 days will have passed since she last set foot in the Electric City. But on Friday, March 17, former Secretary of State Hillary Clinton returns to Scranton. The former presidential candidate … was announced Wednesday evening as the 2017 keynote speaker for the Society of Irish Women’s 19th annual St. Patrick’s Day dinner celebration at Hilton Scranton and Conference Center.” http://bit.ly/2mfddFHVALLEY TALK -- NYT A1, “Inside Uber’s Aggressive, Unrestrained Workplace Culture,” by Mike Isaac: “[T]he focus on pushing for the best result has also fueled what current and former Uber employees describe as a Hobbesian environment at the company, in which workers are sometimes pitted against one another and where a blind eye is turned to infractions from top performers. Interviews with more than 30 current and former Uber employees, as well as reviews of internal emails, chat logs and tape-recorded meetings, paint a picture of an often unrestrained workplace culture. Among the most egregious accusations from employees, who either witnessed or were subject to incidents and who asked to remain anonymous because of confidentiality agreements and fear of retaliation: One Uber manager groped female co-workers’ breasts at a company retreat in Las Vegas. A director shouted a homophobic slur at a subordinate during a heated confrontation in a meeting. Another manager threatened to beat an underperforming employee’s head in with a baseball bat.” http://nyti.ms/2ma8sAt MEDIAWATCH -- “Kellyanne Conway sidelined from TV after Flynn debacle,” by CNN’s Dylan Byers: “Conway, once the most visible spokesperson for the Trump White House, was sidelined from television appearances for a week for making statements that were at odds with the administration’s official stance, White House sources told CNNMoney on Wednesday. Conway, who [was] scheduled to appear on Fox News on Wednesday night, has not given a television interview since early last week.” http://cnnmon.ie/2lNsEr7 -- OBAMA ALUMNI -- KATIE COURIC’s new podcast episode featuring her conversation with Jon Lovett and Jon Favreau, co-founders of Crooked Media and co-hosts of the podcast Pod Save America. Lovett told her: “When I say ‘hold Trump accountable,’ I mean impeachment, but I don’t say it.” Katie’s podcast is No. 6 on Apple’s top charts list. http://bit.ly/2lsYhp6 -- VANITY FAIR'S SARAH ELLISON: "MEGYN KELLY, MATT LAUER, AND THE BATTLE FOR THE FUTURE OF NBC" http://bit.ly/2lyGF9s--“The woman who helped build Michelle Obama’s brand is joining Instagram,” by Re/code’s Kurt Wagner: “Instagram has hired Kristina Schake, the deputy comms director for Hillary Clinton’s recent presidential campaign and the former comms chief for first lady Michelle Obama. She was also chief communications officer at L'Oreal for two years.” http://bit.ly/2l2bpxL --MATT NEGRIN started a campaign on yesterday’s NPR’s “All Things Considered” to get picked as the writer in residence at the Mall of America. 90-second audio http://n.pr/2m9QuOm ... Matt’s job application http://bit.ly/2laTdmp --“Cable Ratings: Rachel Maddow Posts Best Week Since 2008 as Fox News Dominates,” by The Wrap’s Brian Flood: http://bit.ly/2ma2Xle -- Vanity Fair Hive’s Cheddar show premieres today at noon. It’ll be 30 minutes with Jon Kelly and Cheddar’s Kristen Scholer, joined by Wall Street correspondent Bess Levin, special correspondents Sarah Ellison and Nick Bilton, staff writer Maya Kosoff, and writer T.A. Frank. http://bit.ly/2mo4BvASPOTTED: Jamie Dimon and four guests at Kapnos last night ... Nigel Farage in the green room at Fox News in D.C. ... At separate tables at the Four Seasons yesterday morning: Cathy Merrill Williams, George Will and James Rosen, Melissa Moss, Howard Gutman and Nicholas Perrins, Hilary Rosen ... Kimberly Suiters (@ABC7Suiters): “We wished him good luck & offered to buy a shot. What else does a #SupremeCourt nominee need? #Gorsuch @GreenPigVA” in Arlington -- pic http://bit.ly/2meDW5c WELCOME TO THE WORLD -- Jon Walter, director of Fox News’ “Special Report” with Bret Baier, and Erika Walter, press secretary of the Partnership for Public Service, have welcomed Roman Daniel Walter, who weighed in at 7 pounds, 7 ounces and measured 22 inches in length. Pic http://politi.co/2mnCXi9 --Sarah Charlop-Powers, CEO of the Natural Areas Conservancy of New York City and Dani Simons, director of comms and external affairs director for Motivate, the bike share company behind Citi Bike in NYC and Capital Bikeshare in DC, have welcomed Myles Alexander Charlop-Simons who was born on Feb. 13 in NYC. The three will live in Fort Greene in Brooklyn. Pic http://politi.co/2laP4Pu MARK SMITH, after 41 years of continuous employment, is retiring after spending the last 20 years as AP Radio White House correspondent. His last day is next Wednesday. He told us: “Plans for the next gig still being discussed, but likely to include some combination of writing, speaking, teaching and travel. ... Not sure I can be more specific about the next steps - I have some serious goofing off to do first - but the career’s been quite a ride. Seven presidents, six continents and a ringside seat to the march of history (and human folly). I’ve been very fortunate.”TRANSITIONS -- The ONE Campaign has hired Sally Canfield as its new senior director of U.S. gov’t relations. She is the former senior director for international gov’t affairs for the global pharmaceutical company AbbVie, and the former deputy chief of staff to Sen. Marco Rubio (R-Fla.). http://bit.ly/2lxMzrH ... Sentinel Strategic Advisors has hired Laura Howard as associate for development and Carla Frank as manager of corporate engagement. Laura was previously deputy finance director for Speaker Paul Ryan’s political office and Carla was a deputy finance director at the DNC … Rich Ferraro, who most recently was senior director of comms and public affairs at Viacom, will now serve as GLAAD’s chief communications officer. Jim Halloran, who previously led Twitter’s global content management, was also named as GLAAD’s chief digital officer.HILLARY ALUMNI -- David Reid started this week at Brownstein Hyatt Farber Schreck as a policy advisor. He previously was the D.C. and PAC finance director for Hillary for America. … M+R, a nonprofit communications and digital agency based in D.C., has hired Emmy Bengtson, previously deputy social media director at Hillary for America in Brooklyn, to join the firm’s social media outfit. Emmy is also an alum of the digital teams at Planned Parenthood and Obama for America.OBAMA ALUMNI -- Shannon Buckingham has rejoined the Center on Budget and Policy Priorities as the VP for comms and external affairs. She was previously the associate comms director at OMB. ... Sharon Parrott rejoined CBPP after serving as associate director for the education, income maintenance, and labor division at OMB. ... Aviva Aron-Dine has also joined the Center; she previously served as a senior counselor to Secretary Sylvia Burwell at HHS, and prior to that was acting deputy director and executive associate director of OMB.BIRTHDAY OF THE DAY: Jim Manley, senior director at QGA Public Affairs and a Harry Reid alum -- he “was sick and tired of winning so much under Trump that I needed to go to failed socialist Europe for a week” -- he’s celebrating tonight over dinner with friends in London -- read his Playbook Plus Q&A: http://politi.co/2lIF8zT BIRTHDAYS: Frank Luntz is 55 ... Michael Dell is 52 ... Lois Romano, former editor of WaPo’s Live, the pride of Brooklyn and a Politico alum … Jennifer Epstein, who studied history at Princeton ... Marissa Mitrovich, founder and editor of D.C.-based style blog Politiquette ... rising star Texas Tribune reporter Patrick Svitek is 25 (h/ts Matt Mackowiak) ... S.E. (Sarah Elizabeth) Cupp, the pride of Carlsbad, Calif. ... USAID’s Courtney Matson ... former Hillary for America press staffer Rebecca Chalif, spending her 31st in the Bay Area post torrential rains (h/t Lily Adams) ... Ellie Cohen, the pride of St. Louis and Correct the Record alum (h/ts Carla Frank and Anna Epstein) … Neil Levesque, executive director of the New Hampshire Institute of Politics at Saint Anselm College (h/ts Liz Johnson and Jeff Grappone) ... Politico’s Tommy Mattocks (h/t Andrew Thorne) ... Charles Sweeney, speechwriter extraordinaire ... former de Blasio COS and DNC COO Amanda Howe ... Daniel Goetzel, O’Malley alum now director of innovation initiatives and corporate relations at Johns Hopkins, is 3-0 ... Hillary and Obama alum Gidon Feen ... Joe Berkofsky, CEO at NYC-based Puder PR (h/t Jewish Insider) ...Rep. Kenny Marchant (R-Tex.) is 66 ... Nicole Sexton, alum of Steve Forbes’ presidential, Elizabeth Dole’s NRSC, and ONE Campaign now in NYC (h/t birthday boy Arjun Mody) ... Ana Serafin Smith, NRF’s senior director for media relations and an expert on consumer trends (h/t Robin Roberts) ...... Gayle Smith, newly appointed president and CEO of The ONE Campaign (starting in March) and former USAID administrator (h/t Ben Chang) ... Benjamin Sternfield Baum, director of admissions at St. John’s College, Annapolis ... Gary Karr, group director at WeissComm Group ... The Hill’s Molly Hooper … Derek Khanna, an RSC, Romney and R Street alum ... Mike Nixon, a son of Kansas City, Mo. ... Karl Frisch … Marie McGrory, producer at NatGeo Travel ... Nikki McArthur, a former Laura Bush speechwriter now an associate at Jones Day ... AT Johnston of House E&C ... Business Insider’s Reuben Ingber is 29 ... Jill Hudson, senior style writer for ESPN’s The Undefeated ... Lorin Meeks-Harris ... Bernie Robinson, partner at the Livingston Group ... Arjun Mody, policy director for the Senate Republican Policy Committee ... Dana Bohan, director at FTI Consulting ... former de Blasio COS and DNC COO Amanda Howe ... Bernard Craighead ... Charles Sweeney (h/ts Teresa Vilmain) ... Dwayne Marshall ... Natalia Arno ... Jake Decker ... Patrick Velliky, director of congressional affairs at Anthem ... Nate Goddard ... Zaina Shaath … actor Peter Fonda is 77 ... Josh Gad is 36 ... Dakota Fanning is 23 (h/ts AP)