Pinnacle West (PNW) steadily invests in the diversification and expansion of its asset base.
The Zacks Analyst Blog Highlights: Dynegy, Arch Coal, CONSOL Energy, Ameren and Pinnacle West Capital
The Zacks Analyst Blog Highlights: Dynegy, Arch Coal, CONSOL Energy, Ameren and Pinnacle West Capital
With coal prices surging immediately after the election, the optimism in the sector is more than palpable.
ABOUT LAST NIGHT: Behind the scenes on the Hill, TRUMP’s legislative realities, the ever-filling agenda -- POTUS to Norfolk Thursday -- OBAMAS ink a book deal -- JOSH EARNEST on COLBERT -- B’DAY: Sen. Deb Fischer
Listen to Playbook in 90 Seconds http://bit.ly/2m7xPlF ... Subscribe on iTunes http://apple.co/2eX6Eay ... Visit the online home of Playbook http://politi.co/2f51JnfHAPPY MARCH and good Wednesday morning. It’s Ash Wednesday and the beginning of Lent.ABOUT LAST NIGHT… IT WORKED. REMEMBER WHEN Donald Trump told us all he could act so presidential we wouldn’t believe it? He did. He looked the part -- his suit fit a bit better, his tie looked a bit snazzier and his tone was considerably more measured. HE TALKED LIKE A PRACTICED POLITICIAN. When he spoke about health care and taxes, he was singing from the tried and true GOP song sheet, giving hope to skeptical Republicans that he is more attuned to what’s happening in town than he lets on. He came within an inch of endorsing the controversial border-adjustment tax, which taxes imports instead of exports, and he embraced Hill Republicans’ view on replacing Obamacare. He praised NATO, talked about healing America’s cities and condemned a wave of anti-Semitism. Up until the 9 o’clock hour Tuesday night, the GOP was a scattered bunch -- worried their party could never coalesce around anything with a disconnected president in the White House and a cadre full of aides with little relevant experience. They left the Capitol late Tuesday night feeling hopeful -- if they could get their act together, they might have something to talk about at home, and on the campaign trail in 2018. To that end, Trump succeeded, for the most part, in rallying his base behind him.TRUMP’S MESSAGE was certainly more optimistic than usual, and was delivered in a moderate and relatively normal tone. The policies, however, show that the president is leaving conservative orthodoxy behind, and will not shy away from massive price tags -- paid maternal leave, $1 trillion in infrastructure spending, a $50 billion increase in defense spending and a $30 billion emergency spending bill would’ve caused Republicans to twitch in the Obama era. Remember: Republicans demanded to offset minor spending like disaster relief for years.WHAT IT MEANS -- In terms of navigating Washington, the speech showed Trump has a lot to learn. He said he wants to work with Democrats and called on Washington to ditch “trivial fights,” but, in the last 40 days, he has called Chuck Schumer a phony and, just this week, he said Nancy Pelosi is incompetent. He called for immigration reform, but is intent on building a “great wall” along the U.S.-Mexico border -- a major problem for Democrats. He implored Democrats to work with him on a health-care overhaul, but spent a good chunk of time calling the Affordable Care Act -- which they spent lots of political capital on -- a failure. He also appeared to motion at Pelosi when railing against the law. NEWSFLASH: Mr. President, you’re going to need Nancy Pelosi more than you realize (see: debt ceiling, government funding, infrastructure). Get to know her. WE’RE NOT PASSING JUDGEMENT ON WHAT TRUMP SAID. Merely discussing the political realities about what it means for governing. It was a mixed message, to put it mildly.THE MADE-FOR-TV POWERFUL MOMENT was when Trump introduced Carryn Owens, the widow of Navy SEAL Ryan Owens, who was killed in a late-January raid in Yemen. Trump, who had just hours before distanced himself from authorizing the raid, brought the chamber to its feet as he stayed silent for a minute while the television cameras focused on the sobbing widow.ONE NOTE OF SKEPTICISM -- The White House keeps adding legislative priorities to Washington’s agenda. They don’t have unlimited time, or political capital, and what they are asking for is not feasible. They say they want to repeal and replace Obamacare, pass a $1 trillion infrastructure program, reform the tax code, pass an emergency $30 billion spending bill that could -- in theory -- build a border wall with Mexico, institute paid maternity leave and reform the nation’s immigration laws. Pick a few, and try to get them done.BEING THERE -- SOME OBSERVATIONS FROM THE HILL -- When VP MIKE PENCE was walking into the House chamber with the Senate, reporters shouted questions about immigration reform. Senate Minority Leader Chuck Schumer (D-N.Y.) laughed and said quietly “immigration reform,” as in, “that will never happen” … Florida Gov. Rick Scott was in the chamber, sitting next to Newt and Callista Gingrich … Treasury Secretary Steve Mnuchin and Secretary of State seemed a bit uncomfortable waiting on the House floor for the address. They are total D.C. outsiders … Democrats laughed when Trump said he has drained the D.C. swamp … House Minority Whip Steny Hoyer (D-Md.) stood up and forcefully clapped when Trump called on the U.S. to only build pipelines with U.S. steel. Hoyer’s been talking about American manufacturing for years … Lots of Dems cheered Trump’s trade bashing, underscoring his scattered partisan make up … Louisiana Attorney General Jeff Landry -- a former member of Congress -- was on the floor… …SPEAKER PAUL RYAN stopped to peek in on CNN reporter Dana Bash’s FaceTime, appearing to tell her son to do his homework … Rep. Debbie Wasserman Schultz (D-Fla.) sat with DNC Vice Chair Keith Ellison (D-Minn.) … Sen. Kamala Harris (D-Calif.) sat near Sen. Bernie Sanders (I-Vt.) … Joe Scarborough was on the House floor (all former members are permitted to go) and he was warmly greeted by Republicans and Democrats. He sat with Rep. Elijah Cummings (D-Md.), appeared to take Rep. Charlie Crist’s (D-Fla.) card and also got a hearty reception from Rep. Fred Upton (R-Mich.), Rep. Louie Gohmert (R-Texas) and others … Former Reps. David Wu (D-Ore.) and Alan Grayson (D-Fla.) showed up … Sen. John McCain (R-Ariz.) and Lindsay Graham (R-S.C.) sat right behind Trump’s cabinet. -- PHOTOS: The extraction team, suited up waiting for the unthinkable http://bit.ly/2mcy7Ie ... http://bit.ly/2m7pPAR … BERNIE and JANE SANDERS heading over to CNN http://bit.ly/2mJKNmG … Alan Grayson http://bit.ly/2lbgqsO … KEVIN MCCARTHY coming over to chat with us http://bit.ly/2mE0kVC … MCCARTHY and the incomparable Kelly O’Donnell http://bit.ly/2mE3wAJ … VP PENCE before the speech http://bit.ly/2lVCTHy … CHIEF JUSTICE JOHN ROBERTS http://bit.ly/2lbkr0v CHECK IT OUT -- @hunterschwarz: “Trump, in the back of limo, appears to be practicing his speech” http://bit.ly/2mJFlAe TRUMP’S FRONTS -- NYT: “BEFORE CONGRESS, TRUMP URGES END TO ‘TRIVIAL FIGHTS’ … In Remarks Before Address, He Signals Shift on Tough Immigration Stance” http://nyti.ms/2lbnPse … WAPO: “Trump details vision in milder tone” http://bit.ly/2mDZHvp .. N.Y. POST: “DREAM BIGLY … Don: $1T for infrastructure … Softens tone on immigration … Goodwin: Prez’s best moment” http://nyp.st/2algwpl --DRUDGE banner, “TRUMP ROCKS THE HOUSE” ... HuffPost banner, “SPEAKER’S PET”THE INTERWEBS -- With 3M Tweets, last night’s POTUS speech was the most Tweeted #SOTU or #JointSession address ever, surpassing the previous record of 2.6M. … FACEBOOK had 7.5 million people who generated 20.5 million likes, posts, comments and shares about Trump’s speech. TRUMP has delayed the signing of the new travel ban. It was slated to be today. The White House wants to take advantage of a good day. THE REST OF TRUMP’S WEEK -- Trump will get his intelligence briefing, host House and Senate leadership for lunch, hold a legislative affairs strategy session and will have dinner with Rex Tillerson. THURSDAY: The president is going to Norfolk, Virginia, to speak aboard the U.S.S. Gerald R. Ford. He’ll also hold a roundtable with “military officials, shipbuilders, and community leaders.” FRIDAY: The president will be in Orlando, hosting a “listening session on school choice at St. Andrews Catholic School.” He’s in Palm Beach this weekend, speaking at the RNC retreat. Our sources tell us he’ll be at Mar-a-Lago. THE NARRATIVE -- NYT’S MAGGIE HABERMAN and PETER BAKER: “President Rips Up the Script, Then Sticks to the Teleprompter”: “When Mr. Trump sat down with television anchors at the White House for an off-the-record lunch on Tuesday, he was supposed to preview his first address to Congress. Instead, he suddenly opened the door to an immigration bill that would potentially let millions of undocumented immigrants stay in the country legally. … After the lunch was over, aides rushed off to alert their colleagues, including Stephen K. Bannon and Stephen Miller, the architects of the president’s immigration crackdown.“Once again, the unlikeliest of presidents had torn up the script and thrown his young administration into upheaval. Once again, Washington was left trying to fathom what his strategy was. Was it mad genius, an improvisational leader proposing a Nixon-goes-to-China move to overhaul immigration after making a point of deporting ‘bad hombres’? Or was it simply madness, an undisciplined political amateur unable to resist telling guests what he thinks they want to hear even at the expense of his own political base? In the end, he did not include it in the speech. And yet, rising to the occasion, Mr. Trump on Tuesday night sounded as presidential as he ever has since taking office. He invoked Abraham Lincoln and Dwight D. Eisenhower, heralded Black History Month, condemned anti-Semitic vandalism, celebrated American entrepreneurs like Alexander Graham Bell and Thomas Edison, and promised a ‘renewal of the American spirit.’” http://nyti.ms/2m7j1n0 -- WAPO’S DAN BALZ: “A tale of two speeches: The contradictions of Donald Trump’s presidency” http://wapo.st/2mcGHa4 -- “Trump hits the reset button,” by Eli Stokols: “For 60 minutes and 14 seconds Tuesday night, President Donald Trump abandoned the dark rhetoric and narrow vision that have long defined his politics and offered an aspirational vision stocked with bold promises for the country in his first address before a joint session of Congress. While Trump still offered some charged language -- including his use of the term ‘radical Islamic terrorism’ -- the speech was notably less confrontational than his ‘American carnage’ inaugural address. It was, in fact, by far the most unifying moment of his divisive and chaotic first 39 days in office. Reading almost exclusively from prepared remarks on a teleprompter, the president pledged to provide ‘massive’ tax relief for the middle class, extinguish the ‘vile enemy’ that is ISIS, and rebuild America's military.” http://politi.co/2laZUZH ... Full text of Trump’s speech http://politi.co/2mDQkMnTHE IMPORTANT CAVEAT -- “Analysis: Trump pivot pleases GOP, but will it last?” by AP’s Lisa Lerer: “Donald Trump finally gave Republicans what they've spent months begging him to deliver: a pivot to presidential. The question now is how long it lasts. Days, weeks, months -- or simply until the next tweet?” http://apne.ws/2lxYF37 THE BACKSTORY -- “How Trump’s disciplined speech came together,” by Josh Dawsey: “President Donald Trump sat in the White House Map Room Tuesday with a coterie of advisers, a black Sharpie, stacks of paper and a teleprompter. Beside him much of the day — the 40th day of his presidency -- were Stephen Bannon and Stephen Miller. Other aides circled in, from Gary Cohn to Reince Priebus to Kellyanne Conway to Jared Kushner to Sean Spicer to Hope Hicks, suggesting language and offering advice. He remained unhappy with parts of the speech, scribbling notes on printed drafts for aides to incorporate and bring back. He practiced twice on the teleprompter, timing the cadence for specific lines. He continued to pepper his team with questions. On Tuesday morning he had ‘marked up from front to back’ 17 or 18 pages, one White House official said. He edited again at 3 in the afternoon. The first paragraph was edited as late as 5. Around 6:15, he was convinced the speech had come together. Most in the White House never saw the remarks before he delivered them, with aides conscientious about leaks. He kept practicing in the presidential limo on the way over.” http://politi.co/2loCsUf-- “What Trump didn’t say in his address to Congress,” by Annie Karni: “I love Russia … The press is evil … Iraq or Afghanistan … We should broaden access to health care … Deport the 11 million undocumented immigrants … Overturn Roe v. Wade and return abortion laws to the states.” http://politi.co/2lSlNflUPDATE: TRUMP’S TRAVEL BAN -- “Trump delays signing new travel ban order, official says,” by Shane Goldmacher and Nahal Toosi: “President Donald Trump won’t sign a revised travel ban on Wednesday as had been anticipated, a senior administration official confirmed. The official indicated that the delay was due to the busy news cycle, and that when Trump does sign the revised order, he wanted it to get plenty of attention. ‘We need [the executive order] to have its own time to breathe,’ the official said. The Trump team has repeatedly delayed issuing the new order after its original version was stayed by courts amid a slew of legal challenges.” http://politi.co/2mcrCoG-- “Donald Trump’s New Travel Ban Would Likely Exempt Existing Visa Holders,” by WSJ’s Laura Meckler: “Exempting existing visa holders would mark a notable scaling back of the original order. It also could put the revised ban on firmer legal footing by focusing more directly on individuals who haven’t previously been granted approval for U.S. travel.” http://on.wsj.com/2lxQDawUNDERSTANDING TAX REFORM -- READ EVERYTHING WSJ’S RICH RUBIN WRITES -- “The Next Dilemma of the Republican Tax Overhaul”: “House Republicans are struggling to write a crucial piece of their tax plan: the rules for partnerships, limited liability companies, and other “pass-through” firms that account for a majority of U.S. business income. Republicans want to lower the tax rate for these businesses in conjunction with corporate rate cuts. But they haven’t decided what should be taxed at 25%, as a firm’s business income, and what should be taxed at 33%, as the owner’s wages at the firm. The rules would affect millions of business owners whose income passes through to their individual tax returns rather than appearing on corporate filings. They include law firms, hedge funds and manufacturers and they are a powerful force in Republican politics. They range from tiny businesses to the enterprises of some of the wealthiest Americans.” http://on.wsj.com/2lboji8THE JUICE …-- BUZZ: CALIFORNIA ATTORNEY GENERAL XAVIER BECERRA is setting up an outpost in Washington, D.C. This is somewhat rare for an attorney general, but California is going to be combatting the federal government a good deal in the Trump era and Becerra is positioning himself as the Democrats’ answer to Attorney General Jeff Sessions.-- FIRST IN PLAYBOOK: AMERICAN ACTION NETWORK is launching a two-week $450,000 digital ad campaign focused on conservative Republican lawmakers in 21 congressional districts to continue to fight for Obamacare repeal and replacement. The buy supplements a $2.2 million TV ad campaign running nationally and in the 21 districts. Digital ads will run in California, Colorado, Florida, Iowa, Indiana, North Carolina, Nebraska, Ohio, Oregon, Pennsylvania, Texas, Virginia and Wisconsin. The ad http://bit.ly/2mDKxGw--The NATIONAL RETAIL FEDERATION is running an anti-border adjustment tax ad called “B.A.T. is a BAD Tax” that mimics a “Billy Mays” infomercial. “It’ll tax your car, your food, your gas, your medicine, your clothes — you name it, BAT will tax it,” the ad says. NRF declined to share how much they’re spending but the ad will run over the next two weeks in DC and in both DC and NYC during SNL this weekend. http://bit.ly/2lbtoqv-- TIME’s ZEKE MILLER and KATY STEINMETZ report that “the Trump Administration is maintaining a gender-neutral restroom at the White House, despite recently rolling back a key Obama-era policy designed to protect transgender youth ... A White House official confirmed late Monday that the single-user restroom remains in place for White House staff and visitors.” http://ti.me/2mHOkSl -- T.V. THIS MORNING: “MORNING JOE” has VP MIKE PENCE live from Capitol Hill in the 6 a.m. hour. ALSO ON THE SHOW: Senate Minority Leader Chuck Schumer (D-N.Y.), House Minority Leader Nancy Pelosi (D-Calif.), Sen. Ted Cruz (R-Texas), former Gov. Steve Beshear, Sen. Claire McCaskill (D-Mo.), Sen. Joe Manchin (D-W.Va.) and RNC Chair Ronna Romney McDaniel.-- NEIL GORSUCH is putting the full-court press on the Senate. He is scheduled to meet with Sens. Angus King (D-Maine), Cory Booker (D-N.J.), Bernie Sanders (I-Vt.), Tim Kaine (D-Va.), and Jack Reed (D-R.I.). He is also slated to meet with Republican Sens. John Barrasso of Wyoming and Dan Sullivan of Alaska.HAPPENING TODAY -- The Senate is expected to vote this morning to confirm Ryan Zinke as the next secretary of the interior. The Senate is also scheduled to hold a roll call vote on the motion to invoke cloture on Ben Carson to be Trump’s HUD secretary.YOU’RE INVITED -- HOUSE MINORITY LEADER NANCY PELOSI is certainly an extremely newsy figure these days. The president called the longtime lawmaker incompetent this week, sparking outrage in Democratic circles. She’s sitting down with us for a Playbook Interview Friday morning at the Newseum (555 Pennsylvania Ave., N.W.). We’ll talk with Pelosi about how Democrats are going to combat Trump, the DNC’s election of a new chairman and Democrats are facing the real possibility that Republicans are going to move swiftly to repeal the health care law. Much of what Trump talked about wanting to do last night -- tax reform, infrastructure -- will need Democratic votes. We’ll talk about all of this Friday morning. Doors open at 8:20 a.m. RSVP http://bit.ly/2mjyTDNSPORTS BLINK -- THE WIZARDS ARE ACTUALLY GOOD – “Wizards hang on to beat Warriors after Kevin Durant exits game with knee injury,” by WaPo’s Candace Buckner http://wapo.st/2lVNTEPHMM -- “FBI once planned to pay former British spy who authored controversial Trump dossier,” by WaPo’s Tom Hamburger and Rosalind S. Helderman: “The former British spy who authored a controversial dossier on behalf of Donald Trump’s political opponents alleging ties between Trump and Russia reached an agreement with the FBI a few weeks before the election for the bureau to pay him to continue his work, according to several people familiar with the arrangement. ... Ultimately, the FBI did not pay Steele.” http://wapo.st/2m74Y0N FIRST PERSON -- “The State Department Is Already Running on Fumes: I worked at the Pentagon and in Foggy Bottom. And let me tell you: Slashing the budget for diplomacy is insane,” by Ilan Goldenberg in Politico Magazine: “At the Pentagon and in Foggy Bottom, I saw firsthand how this contrast in priorities translated into striking differences in resource allocation and institutional culture. At State, despite working on an issue that was at the very top of Secretary of State John Kerry’s agenda—Middle East peace—I had to walk across the hall just to use a secure phone to call my White House or Pentagon colleagues, most of whom had these phones at their desks. At the Defense Department, any of roughly 40 four-star generals could get access to military aircraft and a team to ensure access to secure communications during trips. But at State, only the secretary had this privilege at all times, while other senior diplomats often had to travel without support despite the fact that the State Department was in the lead for intensive diplomatic negotiations that required rapid turnaround of information and unpredictable travel driven by shuttle diplomacy.” http://politi.co/2lp7Wtz HILLWATCH -- “Freedom Caucus chief’s wife blasts Ryan on Obamacare repeal,” by Rachael Bade: “House Freedom Caucus Chairman Mark Meadows’ wife is rallying North Carolina Republicans to sink Speaker Paul Ryan’s Obamacare replacement bill, telling activists in an email that ‘Ryancare’ ‘will be wrapped around Republican’s necks.’ In a Monday afternoon email, a copy of which was obtained by Politico, Debbie Meadows encouraged Republicans to call Ryan’s office and the White House to protest the House plan. ‘Please take just a few minutes to call right away,’ she wrote under a headline that read, ‘ATTENTION — IMPORTANT AND TIME SENSITIVE’ in red letters. ‘In a nutshell, for reasons we cannot fathom, Republican leadership is putting forth a so-called Obamacare ‘repeal’ that is not a repeal at all,’ she wrote.” http://politi.co/2lblqNW THE NEW GILDED AGE -- “China’s Richest Win, Mexican Billionaires Lose With Trump Effect,” by Bloomberg’s Brendan Coffey and Jack Witzig: “The 36 Chinese billionaires on the Bloomberg Billionaires Index have increased their wealth by 13.2 percent since the real estate mogul was elected U.S. president on Nov. 8, a $39.2 billion increase that's pushed their combined net worth to $336 billion. The gains top those seen by billionaires in any other country outside the U.S., even as Trump has called China a currency manipulator whose trade policies have led to the loss of American jobs. For Mexico’s wealthiest, returns have headed in the other direction.” http://bloom.bg/2m7if9CCLICKER – “Here’s A Video Of Travis Kalanick Chewing Out An Uber Driver” http://huff.to/2m70OG7 FUTURECAST -- “Snap Is Said to Have Worked on a Drone,” by NYT’s Katie Benner: “[O]ver the past few years, the company has repositioned itself as a modern-day camera company. One of the products that Snap has worked on to bolster that direction is a drone, according to three people briefed on the project who asked to remain anonymous because the details are confidential. A drone could help Snap’s users take overhead videos and photographs, and then feed that visual data to the company. It is unclear when or if Snap’s drone would become available to consumers. Like many technology companies, Snap often works on experiments, many of which are killed or repurposed into other projects.” http://nyti.ms/2lSv8E0 FUTURE OF MEDIA -- “Can YouTube TV Get You to Cut the Cord for $35 a Month?” by Bloomberg Businessweek’s Felix Gillette: On Tuesday “YouTube Inc. announced a new service that will deliver an assortment of major television channels to paying customers via the internet. For $35 a month, starting sometime this spring, subscribers to YouTube TV will be able to watch the top four broadcast networks—ABC, NBC, Fox, and CBS—and 35 or so of their affiliated cable channels, including ESPN, Disney Channel, MSNBC, National Geographic, and Fox News.” http://bloom.bg/2lbjSUu SHOW ME THE MONEY -- “Barack and Michelle Obama reach book deal,” by Aidan Quigley: “Publisher Penguin Random House announced Tuesday it will publish books by former president Barack Obama and former first lady Michelle Obama. The company has acquired worldwide publishing rights for two books, one from each of the Obamas. Terms of the agreement were not released, but the Financial Times [and several other outlets] reported on Tuesday that the auction for the rights to the books reached more than $60 million, citing people with knowledge of the sales process.” http://politi.co/2lxMQK0 Who cut the deal? Williams and Connolly’s Bob Barnett and Deneen Howell LATE NIGHT BEST -- EARNEST ON COLBERT – “Former Press Secretary Josh Earnest Talks Sean Spicer And Fake News”: “Sean Spicer’s predecessor, former Press Secretary Josh Earnest, evaluates the current White House’s treatment of the press corps.” Video http://bit.ly/2lp6KX1 MEDIAWATCH -- MIRIAM JORDAN, a senior special writer for WSJ in its LA bureau, is headed to the NYT, she wrote in an email to colleagues. http://bit.ly/2mso3eRTV TONIGHT – CNN’S DANA BASH will moderate a town hall tonight with Sens. John McCain (R-Ariz.) and Lindsey Graham (R-S.C.). They’ll take audience questions, and focus on foreign policy, immigration and other national security issues. 9 p.m. on CNN.SPOTTED -- Corey Lewandowski and Mike Murphy separately at the Four Seasons yesterday morning. UAE Ambassador Yousef Al Otaiba and Niall Ferguson also had breakfast there. … Gary Cohn, Gillian Tett and Lionel Barber yesterday having lunch at the Hay Adams.OUT AND ABOUT -- Pinnacle West’s Robbie Aiken celebrated 6-0 Monday night at the Metropolitan Club with 200 of his closest friends and family. SPOTTED: Chief Justice John Roberts, Sen. John McCain (R-Ariz.), Sen. John Barrasso (R-Wyo)., Sen. John and Jeanne Warner, Don Nickels, Nevada Attorney General Adam Paul Laxalt, Bill and Marylin Livingood, Brian McCormack, David Metzner, Fred Ryan, Gloria Dittus, Tom Kuhn, Bill Anaya, Rep. Jim Clyburn (R-S.C.), Bryan Anderson, Nicole Barranco, Bradley Blakeman, Steve Ross, Brian Wolff, Brian Montgomery, Ed Henry, Debbie Hohlt, Hal and Sally Furman, Christopher Chapel, John Arundel, artist and brother Bruce Aiken, and of course, Loran, Gigi and William Aiken, who threw the bash. Remarks were given by Aiken’s cousin, Richard Viguerie.--The Chesapeake Bay Foundation celebrated its 50th anniversary with “D.C. on the Half Shell” Monday night at Union Market. The group raised more than $700,000 at the event, which featured buffets of shucked oysters from the area, entertainment by Alex Hoffman Sax and an interactive video wall. SPOTTED: Marriott International CEO Arne Sorenson, who was the recipient of the 2017 Conservationist of the Year, CBF President Will Baker, CBF Board Chair Harry Lester, Katie Leavy and David Leavy, Lt. Gov. Ralph Northam, Jill Daschle, Nathan Daschle, Kathleen Matthews, Melissa Maxfield, Patrick Steel and Lee Satterfield Steel, Ben Wilson, Aviva and Dan Rosenthal, Nicole Elkon and Neal Wolin, Cathy Merrill Williams, Leo Jardot, Erick Mullen, Skye Raiser and David Perlin, Rev. Eugene Taylor Sutton, Tom O'Donnell, Courtney and Scott Pastrick, Marriott head of business development, Rick Hoffman. Pix http://smu.gs/2lbdQmMOBAMA ALUMNI -- Jen Friedman, formerly of the White House press staff, is starting at GE today in NYC as senior director of corporate reputation. She previously was deputy press secretary in the Obama White House.FIRST IN PLAYBOOK – The Senate Leadership Fund is naming Grace Eberhart finance director, Mark McLaughlin research director and Billy McBeath digital director. http://bit.ly/2loYMgq TRANSITIONS -- TargetPoint Consulting is announcing that one of its founding partners, Alex Gage, will be leaving his full time role at the company to focus on his role at G2 Analytics. He will continue to provide strategic advice and counsel to the company and service his clients. http://politi.co/2lxzuhe --The Atlantic Council’s new Adrienne Arsht Center for Resilience has added three fellows: Peter Neffenger, former administrator of TSA, Amy Pope, former deputy homeland security adviser in the Obama administration and Brian Kamoie, former assistant administrator at FEMA for grant programs. http://bit.ly/2mDZhVPHILLARY ALUMNI -- Varun Anand has started in communications at Jigsaw, an incubator within Alphabet that builds technology to fight problems like censorship, online radicalization and online harassment. He was previously press wrangler for Hillary’s campaign.WELCOME TO THE WORLD – Peter Oppenheim, education policy director at the Senate HELP committee and Katie Oppenheim, an executive director at Merck, emailed friends and family: “We are thrilled to announce the arrival of William Frawley Oppenheim. William made his big debut ... [yesterday] at 5:10 p.m., weighing 9 lbs., 1 oz. and measuring 21 ½ inches. He is named for two beloved family members – Peter’s great-uncle, William Oppenheim, and Katie’s maternal grandmother, Bridget Frawley Browne.” Pic http://bit.ly/2mDVnvVBIRTHDAY OF THE DAY: Sen. Deb Fischer (R-Neb.) is 66 – today she’s working in D.C., but on Saturday, she and her husband Bruce are joining Nebraskans at their statehood dinner – read her Playbook Plus Q&A: http://politi.co/2lbtMVOBIRTHDAYS: Hannah Klain, a student at Harvard Law and a Hillary alum, is 26 -- she’s headed to the ACLU Voting Rights project this summer ... Dr. John P. Holdren is 73 ... former Sen. John Breaux (D-La.) is 73 ... Will Robinson, an adopted Iowan and partner at The New Media Firm (h/ts Sean Johnson and Jon Haber) ... Jonathan Lipman, former VP of BerlinRosen Public Affairs ... Stephen Ezell, ITIF VP for global innovation policy (h/t Samantha Greene) ... Politico’s Lorraine Woellert, David Gelsomino, and Hossein Ghodosi Fard ... Sally Canfield, senior director of int’l gov’t relations at AbbVie and a Rubio alum ... Lauren Vicary, VP for editorial at CAP ... Cheyenne Klotz ... Trevor FitzGibbon ... Elizabeth Brooks, director of federal gov’t affairs at CVS Health … Rev. Brenda Girton-Mitchell ... Marjorie Marquardt ... Bridget Bowman, Senate reporter at Roll Call and a PBS NewsHour alum ... Zain Khan … Sen. Luther Strange (R-Ala.) is 64 ... Rep. Randy Hultgren (R-Ill.) is 51 ... Rep. Carlos Curbelo (R-Fla.) is 37 ... Rep. Trent Kelly (R-Miss.) is 51 ... Rep. Warren Davidson (R-Ohio) is 47 ... ... Nigel Duara, border correspondent at the LATimes and an AP alum, is 34 ... Center for Public Integrity CEO John Dunbar (h/t Dave Levinthal) … Mike Haidet (observed) … Peter Guber, Hollywood executive, CEO of Mandalay Entertainment, Chairman of Dick Clark Productions, and a co-owner of both the LA Dodgers and Golden State Warriors, is 75 ... Joshua Lachter, VP at ASAPP, a NYC-based software technology company, is 3-0 ... real estate developer Avron B. Fogelman is 77 (h/ts Jewish Insider) … Ryan Little … Aaron Sherinian, chief comms. and marketing officer at UN Foundation and a State alum ... Sarah Nolan, AVP for alumni relations and development and campaign comms at UChicago and a State and Hillary alum … Aaron Lennon Rosen ... journalist Jonathan Krohn ... Ruth Malhotra ... Jonathan Miles is 52 ... Meghan Milloy ... Biogen’s Adam Brand ... Howard Owen is 68 ... Ryan Connolly ... The Tampa Bay Times’ Howard Altman is 57 ... Karin Roberts, web editor on NYT’s int’l desk ... Tyler Jameson ... Chris McGowan … Jerry Regier ... Lee Ann Smith … Jeff Sabbath ... Laura Tucker … John Gibson (h/ts Teresa Vilmain) ... Peter Mirijanian Public Affairs is 17 ... Christian Spencer of Rep. Vern Buchanan’s office … Mike Bloomquist of House E&C (h/ts Legistorm) … singer Harry Belafonte is 9-0 ... actor-director Ron Howard is 63 ... actor Tim Daly is 61 ... Kesha (formerly Ke$ha) is 3-0 … Justin Bieber is 23 (h/ts AP)
What WE think the WHCD should look like -- TRUMP’s WEEK: His speech, his ideas and his team -- THE LIST: CEOs Trump is meeting with today -- THE JUICE: BRIAN MCCORMACK in line for DOE job
Listen to Playbook in 90 Seconds http://bit.ly/2m1QAqQ ... Subscribe on iTunes http://apple.co/2eX6Eay ... Visit the online home of Playbook http://politi.co/2f51JnfSOMEONE NEEDS TO WRITE A GOOD TICK TOCK -- THE HOLLYWOOD REPORTER: “Oscars Shocker: Warren Beatty and Faye Dunaway Read Wrong Best Picture Winner” With video http://bit.ly/2mBJDth … L.A. Times on what happened backstage http://lat.ms/2mlIM3H … PricewaterhouseCoopers apologizes for the mixup http://bit.ly/2lMlKzK … Jimmy Kimmel roasts President Donald Trump http://pge.sx/2mlyIrn … List of Oscar winners http://bit.ly/2lWXu0j A NOTE ABOUT THE WHCA DINNER -- President Donald Trump just did the journalism industry a huge favor. We can now make the White House Correspondents Dinner a celebration of journalism, not a celebration of Washington. Let’s be real: The White House Correspondents Dinner jumped the shark years ago. The event became a five-day-long, glitzy shindig focused on which stars were attending more than anything else. While at times fun, it was otherwise a burden. Many seem to be assuming the event dies without the president’s participation. But maybe this is an opportunity to turn the spotlight back to journalism. Why not use the dinner to highlight the stories that change lives, root out corruption, explain the complex machinations of government, tell the stories of countries torn apart by war and brought together by peace? The WHCD already does good -- it gives out scholarships and promotes the value of a free press. Let that be the focus. We bet a bunch of people will be interested in celebrating that. And if the president is one of them, so much the better.THIS WEEK will be all about President Donald Trump’s primetime address to Congress Tuesday night. It’s not technically a State of the Union, but rather an address to a joint session of Congress. It will, though, have all the pomp of a State of the Union. Capitol Hill is deferring to Trump this week, and giving him the limelight.**SUBSCRIBE to Playbook: http://politi.co/1M75UbXWHAT TO EXPECT -- “Trump gets ready for his biggest sell yet,” by Shane Goldmacher: “There are six 8.5 by 11 pieces of paper lined up and adhered to the wall of White House chief strategist Stephen Bannon’s West Wing office. Each, sorted by category, contains a list of the various promises that then-candidate Donald Trump made on the campaign trail. It serves as both visual reminder and actual checklist for the president’s agenda.” http://politi.co/2l2z5apTHE PRESIDENT’S BUDGET -- “Trump wants to raise military spending — but cut everywhere else,” by Shane Goldmacher, Sarah Ferris, and Jen Scholtes: “President Donald Trump is taking the first major step toward putting together a federal budget proposal, asking federal agencies to draft plans to hike military spending and cut back other domestic programs -- while making no changes to major entitlement programs, including Social Security and Medicare. One senior administration official said the plan would call for increases in spending on defense, homeland security, intelligence, the Department of Justice and law enforcement. Trump will propose ‘dollar for dollar cuts’ elsewhere starting in 2018, the official said. The White House is expected to send its preliminary funding targets to federal agencies Monday, the day before Trump addresses the nation on Tuesday night in a prime-time address in which he will lay out his policy priorities for the coming months.” http://politi.co/2m1wOvL-- FOR WHAT IT’S WORTH: This runs counter to almost a decade of Republican budgeting orthodoxy. Speaker Paul Ryan gained prominence in the early days of the Republican majority by making significant tweaks to entitlement programs. Almost everyone in the Republican Party believes it’s necessary to overhaul entitlements to balance the budget. Trump, however, has ruled it out.HILL WATCH -- “GOP’s New Plan to Repeal Obamacare: Dare Fellow Republicans to Block Effort,” by WSJ’s Louise Radnofsky, Kristina Peterson and Stephanie Armour: “Republican leaders are betting that the only way for Congress to repeal the Affordable Care Act is to set a bill in motion and gamble that fellow GOP lawmakers won’t dare to block it. Party leaders are poised to act on the strategy as early as this week, after it has become obvious they can’t craft a proposal that will carry an easy majority in either chamber. Lawmakers return to Washington Monday after a week of raucous town halls in their districts that amplified pressure on Republicans to forge ahead with their health-care plans. Republican leaders pursuing the ‘now or never’ approach see it as their best chance to break through irreconcilable demands by Republican centrists and conservatives over issues ranging from tax credits to the future of Medicaid. The new strategy means the health-care law could be overhauled in three precarious steps -- reflecting the difficulties of concurrently repealing and replacing the law, as President Donald Trump had sought.” http://on.wsj.com/2mlnvY2-- THIS COULD BE VERY DANGEROUS for GOP leadership. It's a big gamble. It would mean that Senate Majority Leader Mitch McConnell and Speaker Paul Ryan’s ability to pass a rewrite of the health care law would likely be on the shoulders of a handful of Republicans, many of whom have been feeling increasing pressure from constituents who are opposed to repealing Obamacare. Neither Trump nor congressional Republicans have laid out a complete plan for how they want to replace it.INSIDE THE ROOM -- “A divided White House still offers little guidance on replacing Obamacare,” by WaPo’s Juliet Eilperin and Amy Goldstein: “A meeting Friday afternoon between President Trump and Ohio Gov. John Kasich, his former rival in the GOP primaries, had no set agenda. But Kasich came armed with one anyway: his hope to blunt drastic changes to the nation’s health-care system envisioned by some conservatives in Washington. Over the next 45 minutes, according to Kasich and others briefed on the session, the governor made his pitch while the president eagerly called in several top aides and then got Health and Human Services Secretary Tom Price on the phone. At one point, senior adviser Jared Kushner reminded his father-in-law that House Republicans are sketching out a different approach to providing access to coverage. ‘Well, I like this better,’ Trump replied, according to a Kasich adviser. ... [Some] White House advisers, according to multiple individuals who asked for anonymity to describe private discussions, have emphasized the potential political costs to moving aggressively. That group includes Kushner, NEC Director Gary Cohn, senior policy adviser Stephen Miller and chief strategist Stephen K. Bannon.” http://wapo.st/2mluqk6 -- KEEP IN MIND: The president’s top advisers -- Kushner, Cohn, Miller and Bannon -- have almost no experience in legislative governing. Miller worked in communications in the Senate. Drop the other ones in the Capitol, ask them to find Cups and we’ll bet $10,000 they’d need to phone a friend. Why does that matter? Because governing isn’t Wall Street or real estate. It’s a different profession and, in many cases, a different skillset.HAPPENING TODAY -- TRUMP will drop by a National Governors Association meeting, and will meet with health insurance CEOs. He’ll lunch with U.N. ambassador Nikki Haley and VP Mike Pence before meeting with Ryan and McConnell. He meets with Secretary of State Rex Tillerson at 3:15 p.m. before a 6:30 p.m. dinner with regional press affiliates.-- TRUMP WILL MEET WITH THESE HEALTH INSURANCE CEOs: Stephen J. Hemsley, president and CEO of UnitedHealth Group; Mark Bertolini, chairman and CEO of Aetna; David Cordani, President and CEO of Cigna; Bruce Broussard, president and CEO of Humana; Joseph Swedish, chairman, president and CEO of Anthem; Scott Serota, president and CEO of BCBSA; Matt Eyles, executive vice president of AHIP (in place of President and CEO Marilyn Tavenner, the former CMS administrator who is still subject to the Obama administration lobbying ban); Patrick Geraghty, CEO of Florida Blue; Dan Hilferty, CEO of Independence Blue Cross; Brad Wilson, president and CEO of BCBS North Carolina; Bernard Tyson, chairman and CEO of Kaiser Permanente.FOR YOUR RADAR -- THE NEW WORLD ORDER -- “Trump team looks to bypass WTO dispute system: Unilateral trade sanctions would test a pillar of the US-built global economic order,” by FT’s Shawn Donnan and Demetri Sevastopulo: “The Trump administration is exploring alternatives to taking trade disputes to the World Trade Organisation in what would amount to the first step away from a system that Washington helped to establish more than two decades ago. Incoming officials have asked the US Trade Representative’s office to draft a list of the legal mechanisms that Washington could use to level trade sanctions unilaterally against China and other countries. Their goal, people briefed on the request told the Financial Times, is to find ways that the new administration could circumvent the WTO’s dispute system. Since being established in 1995 the WTO has become the pre-eminent venue for resolving trade fights between member countries, which its proponents say has helped prevent destructive trade wars. While the US would remain a WTO member under the Trump administration’s plans, the officials’ move reflects the sceptical view many of them have of an institution they see as a plodding internationalist bureaucracy biased against US interests.” http://on.ft.com/2lMlwso BEHIND THE SCENES -- “Sean Spicer targets own staff in leak crackdown: The push includes random phone checks overseen by White House lawyers,” by Annie Karni and Alex Isenstadt: “Last week, after Spicer became aware that information had leaked out of a planning meeting with about a dozen of his communications staffers, he reconvened the group in his office to express his frustration over the number of private conversations and meetings that were showing up in unflattering news stories, according to sources in the room. Upon entering Spicer’s office for what one person briefed on the gathering described as ‘an emergency meeting,’ staffers were told to dump their phones on a table for a ‘phone check,’ to prove they had nothing to hide. Spicer, who consulted with White House counsel Don McGahn before calling the meeting, was accompanied by White House lawyers in the room, according to multiple sources.“There, he explicitly warned staffers that using texting apps like Confide -- an encrypted and screenshot-protected messaging app that automatically deletes texts after they are sent -- and Signal, another encrypted messaging system, was a violation of the Presidential Records Act, according to multiple sources in the room. ... Spicer also warned the group of more problems if news of the phone checks and the meeting about leaks was leaked to the media. ... Within the communications office, the mood has grown tense. During a recent staff meeting, Spicer harshly criticized some of the work deputy communications director Jessica Ditto had done, causing her to cry, according to two people familiar with the incident. ‘The only time Jessica recalls almost getting emotional is when we had to relay the information on the death of Chief Ryan Owens,’ Spicer said, referring to the Navy SEAL killed recently in action in Yemen.” http://politi.co/2mlz7do -- “Trump inspires encryption boom in leaky D.C.,” by Andrew Restuccia and Nancy Cook. http://politi.co/2lfIrdK -- WAPO’s ERIK WEMPLE: “Sean Spicer is losing his grip”: “Never let it be said that President Trump and his underlings don’t work hard, especially when it comes to initiatives aimed at smearing and stymieing the White House press corps. … [On Sunday,] Annie Karni and Alex Isenstadt of Politico publish a piece about how Spicer has been investigating alleged leaks from within his own staff … Bad news always places White House handlers in a bind. How to respond? Keep quiet? Issue an apology? Deny? Make a pledge to dismantle the surveillance state descending on your colleagues? Nah, better to ring up the Washington Examiner and have it smear Isenstadt. … Scattered and poorly executed, the story appears to represent the assertion by anonymous White House officials that Isenstadt, while reporting the Spicer-leak-investigation piece, did something offensive. The alleged moment arose as Isenstadt was asking Spicer in an interview about a staffer at the White House press office. “What fresh material was the Washington Examiner adding to this matter? Well, its anonymous White House sources whisper that Isenstadt laughed inappropriately when discussing the Ditto issue. ‘He started laughing about that SEAL,’ the Washington Examiner quotes ‘one informed official’ as saying. Politico spokesman Brad Dayspring denied any such characterization. Asked how he justified using anonymous sourcing for such an allegation, the Washington Examiner’s Paul Bedard responded, ‘I thought Brad had a good response as did the anon Politico who characterized Spicer.’” http://wapo.st/2l2HI4J THE JUICE … --BRIAN MCCORMACK, currently VP of external affairs at the Edison Electric Institute and a Bush White House alum, is the leading candidate to be chief of staff for the Energy Department, sources have told us. A formal announcement on the job won’t be made until Rick Perry is confirmed.-- NEIL GORSUCH will meet this morning with Democratic Sens. Mark Udall of New Mexico and Maggie Hassan of New Hampshire.-- FORMER VP JOE BIDEN is still hanging around town. He was spotted looking tan and relaxed, sporting a blue blazer Sunday at the Whole Foods on Wisconsin Avenue. He posed for photos with staff, hugged and kissed a staff member who was particularly excited to see him and walked out with groceries and the Sunday New York Times.-- CALIFORNIA ATTORNEY GENERAL XAVIER BECERRA has a D.C. fundraiser Monday hosted by Ogilvy Government Relations’ Dean Aguillen and Moses Mercado. Suggested contribution to chair the event: $14,600.--VOTEVETS has a new TV ad with retired Rear Admiral Michael Smith calling for an independent Trump-Russia commission. He says to camera: “Sir, we’re putting you on notice … Defending America means finding the truth.” The ad will air on this morning’s Morning Joe and “Fox and Friends”. http://bit.ly/2lfDOjVSCOOP -- “Nominee for Navy Secretary withdraws,” by Jeremy Herb: “President Donald Trump’s nominee for Navy secretary, Philip Bilden, withdrew from consideration Sunday, becoming the second Pentagon pick unable to untangle his financial investments in the vetting process. ‘Mr. Philip Bilden has informed me that he has come to the difficult decision to withdraw from consideration to be secretary of the Navy,’ Defense Secretary Jim Mattis said in a statement. ‘This was a personal decision driven by privacy concerns and significant challenges he faced in separating himself from his business interests.’ Mattis added that he would make a recommendation to the White House for a new nominee ‘in the coming days.’ Bilden, who built his career in Hong Kong with the investment firm HarbourVest, was a surprise pick for the Navy post but had been Mattis’ preferred candidate. Yet like billionaire investment banker Vincent Viola, who withdrew his nomination to be secretary of the Army earlier this month, Bilden ran into too many challenges during a review by the Office of Government Ethics to avoid potential conflicts of interest, according to sources familiar with the decision.” http://politi.co/2l2zwRTTHE LOYAL OPPOSITION -- “Democratic legislators in 30 states to rebut Trump’s Congress address,” by USA Today’s Heidi Pryzbyla: “Democratic lawmakers in at least 30 U.S. states are either unveiling or highlighting legislation this week aimed at President Trump's working-class voters, in a nationwide coordinated rebuttal to the agenda the president will outline in his first joint address to Congress on Feb. 28. It’s an attempt to form the legislative spine of a state-level resistance to Trump’s policies, Nick Rathod, executive director of State Innovation Exchange Action, which is overseeing the initiative, told USA TODAY. The timing creates a juxtaposition between Democratic economic security prescriptions for workers, such as raising the minimum wage and paid family leave, and Trump tax reform and federal budget policies that, Democrats say, are at odds with his populist campaign oath to prioritize ‘forgotten’ Americans from the factory floors of the Rust Belt to the sawmills of the Mountain West.” http://usat.ly/2mCde5L -- “The DNC isn’t enough: Democrats demand more leadership changes,” by Gabriel Debenedetti and Isaac Dovere in Atlanta: “The party-officer elections here over the weekend turned into a mini-convention of up-and-coming politicians, activists, and operatives straining to envision the opening days of Donald Trump’s administration and Republican domination of Washington as a moment of Democratic revitalization, not reason to sink further into the party’s roiling existential crisis. Quietly -- and pointedly refusing to attach their names to the musings -- they talk about starting to look past the all over-70-years-old leadership team of Nancy Pelosi, Steny Hoyer, and Jim Clyburn in the House of Representatives. Some hope, wistfully, the three will step aside before the 2018 midterms to help send a message and generate new ideas. And as much as they like the idea of Chuck Schumer’s expanded Senate leadership team, they can’t help noticing how few of the body’s younger rising stars are included.” http://politi.co/2mvaUhK YOU’RE INVITED -- House Minority Leader Nancy Pelosi is sitting down with us for a Playbook Interview Friday morning at the Newseum (555 Pennsylvania Ave., N.W.). This is going to be a newsy event. Trump gives his first address to Congress Tuesday night, the DNC just elected a new chairman and Democrats are facing the real possibility that Republicans are going to move swiftly to repeal the health care law. Much of what Trump wants to do -- tax reform, infrastructure -- will need Democratic votes. We’ll talk about all of this Friday morning. Doors open at 8:20 a.m. RSVP http://bit.ly/2mjyTDNSUSAN GLASSER’S “GLOBAL POLITICO” -- ALPHA LADIES -- Donald Trump’s controversial new adviser Sebastian Gorka says “the alpha males are back” when it comes to American foreign policy. The Global POLITICO asked some serious Alpha Ladies to respond. Our frank conversation with Madeleine Albright, the first woman secretary of state; Michele Flournoy, who was in line to become the first woman secretary of defense; and Wendy Sherman, who negotiated the Iran deal, is this week’s must-listen episode of The Global POLITICO. http://politi.co/2l2x4dXTALES FROM DNC HQ: In the latest episode of “Off Message,” Isaac Dovere sits down with outgoing DNC acting Chairperson Donna Brazile and gets a download on her swift transition to acting DNC chair, and the lasting effects of the WikiLeak hack on the Democratic party. http://politi.co/2lfDEJs … Listen on iTunes http://apple.co/2kJqk3DBEN SCHRECKINGER in POLITICO MAGAZINE -- “The World’s Most Important Workout”: “In the early hours of Nov. 9, as stock markets began to rally on the news of Donald Trump’s upset win, there was another dramatic spike afoot. Interest in the bone density and cholesterol levels of an 83-year-old woman from Flatbush, New York, was also soaring. Many people wanted to know whether two-time cancer survivor Ruth Bader Ginsburg, the oldest and perhaps the most liberal justice on the Supreme Court, had enough gas in the tank to outlast the Trump presidency, or whether Trump would get a chance to fundamentally alter the balance of the court by replacing her, a possibility he dangled successfully to entice wary Republicans to vote him. … As it turns out, the answer to that question lies largely in the hands of a staffer in the clerk’s office of the United States District Court for the District of Columbia. “Asked earlier this month about the most important person in her life, Ginsburg, who was widowed in 2010 and lost a close friend with the 2016 death of Justice Antonin Scalia, responded, ‘My personal trainer.’ That would be Bryant Johnson, 52. You could think of Johnson’s sturdy limbs as a fourth branch of government, grafted onto the judiciary, keeping it aloft. When Johnson is not helping run the District courthouse or fulfilling his duties as a Sergeant First Class in the Army Reserves, he moonlights as a physical trainer to local jurists, including not only Ginsberg, but also Stephen Breyer and Elena Kagan, two of the high court’s other three reliably liberal votes, as well as several appeals court judges. … Johnson agreed to meet me on Presidents Day at an undisclosed location.” With video http://politi.co/2mlRKOH HISTORY LESSON -- NYT A1, “Trump Embraces ‘Enemy of the People,’ a Phrase With a Fraught History,” by Andrew Higgins: “The phrase was too toxic even for Nikita Khrushchev, a war-hardened veteran communist not known for squeamishness. As leader of the Soviet Union, he demanded an end to the use of the term ‘enemy of the people’ because ‘it eliminated the possibility of any kind of ideological fight.’ ‘The formula “enemy of the people,”’ Mr. Khrushchev told the Soviet Communist Party in a 1956 speech denouncing Stalin’s cult of personality, ‘was specifically introduced for the purpose of physically annihilating such individuals’ who disagreed with the supreme leader. It is difficult to know if President Trump is aware of the historic resonance of the term, a label generally associated with despotic communist governments rather than democracies. But his decision to unleash the terminology has left some historians scratching their heads. Why would the elected leader of a democratic nation embrace a label that, after the death of Stalin, even the Soviet Union found to be too freighted with sinister connotations?” http://nyti.ms/2mBVZBK FIRST IN PLAYBOOK -- Protect Our Care, a coalition working against Obamacare repeal, released a memo on the congressional recess and backlash at town halls. http://politi.co/2m1MmzA THE SLOW WALK -- “Competing Priorities Bog Down Efforts to Quickly Roll Back Dodd-Frank: White House places a higher priority on issues such as taxes, and Democrats aren’t in a mood to cooperate,” by WSJ’s Ryan Tracy and Rachel Witkowski. http://on.wsj.com/2l2Mtet MEDIAWATCH – NYT Business Day cover, “In Trump-CNN Battle, 2 Presidents Who Love a Spectacle,” by Mike Grynbaum: “The old CNN may have shrunk from conflict; the new CNN is leaning into it. Once the down-the-middle nerd of the cable news playground, CNN — under the guidance of [Jeff] Zucker, a former sports and morning show producer with a yen for flood-the-zone programming — is now an elbows-out player in national politics, vociferously pledging to hold a truth-averse White House to account. It’s a quarrel fueled in part by the yearslong, up-and-down relationship between Mr. Trump and Mr. Zucker, two outspoken television addicts who once enjoyed a rapport. ... [B]oth share an obsession with ratings and a love of spectacle. Once in frequent touch, the men have not spoken to each other since December.” http://nyti.ms/2mBNTc1 HOLLYWOODLAND -- “The most eye-catching red carpet look at the Oscars wasn’t a dress. It was a blue ACLU ribbon,” by WaPo’s Robin Givhan: “Actress Ruth Negga had one pinned to the bodice of her flowing red Valentino gown. Lin-Manuel Miranda wore one on the lapel of his black tuxedo — a suit he said he’d gotten from San Marko Formals & Fine Men’s Wear in Yonkers, New York, which was the same place he’d gotten his prom tux almost 20 years ago. The model Karlie Kloss [who dates Josh Kushner, Jared’s brother] had her blue ribbon pinned to the hip of her white Stella McCartney gown with its attached half-cape.” http://wapo.st/2mBLIp5 CLICKER – “I’m a Silicon Valley liberal, and I traveled across the country to interview 100 Trump supporters — here’s what I learned,” by Sam Altman of Y Combinator on Business Insider: “‘You all can defeat Trump next time, but not if you keep mocking us, refusing to listen to us, and cutting us out. It’s Republicans, not Democrats, who will take Trump down.’” http://read.bi/2mBOsTb SPOTTED -- Treasury Secretary Mnuchin, along with his security detail, waiting at the gate for the arrival of his fiancée Louise Linton aboard Sunday’s 2 p.m. American Shuttle from LaGuardia. Linton sat in first class with her dog in a Louis Vuitton carrier at her feet. … Rep. Mark Takano (D-Calif.) in Chinatown Sunday evening … Rep. John Lewis (D-Ga.) on a 5:45 p.m. Delta flight yesterday from Atlanta to DCA ... Wolf Blitzer and CNN publicist Liza Pluto streaming the Oscars on the Acela ... Nigel Farage at Harry’s Pub following dinner with the President at the Trump Hotel ... Chrys Kefalas and Tommy McFly on Saturday night at Ocean Prime ... at Gallier Hall in New Orleans for the Bacchus parade: Walter Isaacson, Mayor Mitch Landrieu, Cathy Isaacson, Councilwoman Latoya Cantrell, and Donna Brazile. Pic http://bit.ly/2lXbMO6 SPOTTED in Hollywood at the Oscars: Playbookers, former WSJ and Pulitzer winning writer Ron Suskind with sons Owen and Walt. Walt lives in D.C. and is a spokesman at the CFPB. Ron’s book “Life Animated” about his autistic son Owen’s overcoming struggles through the use of Disney movies was made into a movie and nominated for best documentary feature. It lost to Ezra Edelman and Caroline Waterlow’s “O.J.: Made in America.” (Edelman is a D.C. native and Libbie Geist Wildes, the executive producer of the documentary, is Willie’s sister.) Trailer http://bit.ly/2lMn31E … $10.19 on Amazon http://amzn.to/2mBRHKy TRANSITIONS -- Derek Gianino starts today as the new director for international policy at the U.S. Chamber of Commerce. He previously was the director of strategic initiatives at the U.S. Global Leadership Coalition … Mercury hired Omar Khan for its New York office as a senior vice president. Khan was most recently assistant trade representative for intergovernmental affairs and public engagement for President Barack Obama. http://politi.co/2mBKlqb WEEKEND WEDDING -- Colin Seeberger and David Whalen were married Saturday night at The St. Regis in Washington. Colin is the strategic campaigns director at Young Invincibles. David is a partner at the GOP media firm McCarthy Hennings Whalen, Inc. The bipartisan couple met on OkCupid in 2013. SPOTTED: GOP ad guru Larry McCarthy, Rob Hennings, Nancy Pelosi aides Emily Berret and Bina Surgeon, Sen. Maggie Hassan’s (D-N.H.) comms director Aaron Jacobs and Hassan campaign alum Jane Hughes, Sarah Cottrell of 270 Strategies, Democratic fundraiser Michael Schultz, Andy Kroll and Sarah Schultz. Spotted also having dinner at the hotel: Alan Greenspan and Andrea Mitchell. Guests were treated to a champagne sabering and danced well into the night. Pics http://bit.ly/2lq7T1j ... http://bit.ly/2mv0VsM BIRTHDAY OF THE DAY: Obama alum Eric Lesser, now a Massachusetts state senator, celebrating with a nice dinner at the restaurant The Federal in Agawam, Mass., with his wife Alison and two young daughters Rose (3) and Nora (2 months) – read his Playbook Plus Q&A: http://politi.co/2muVJ8l BIRTHDAYS: Chelsea Clinton is 37 ... Robbie Aiken, VP of federal affairs at Pinnacle West, former Bush ’41 and ’43 advance man ... ABC7 alums Maureen Bunyan and Greta Kreuz … Sasha Johnson, United’s managing director of regulatory and policy and an FAA alum ... Genevieve Ryan, co-founder at Zinc and daughter of Genny and Fred ... Ralph Nader is 83 ... Sarah Clements … Politico’s Mike Irwin, Kelsey Wessels and Joseph Green ... journalist Rebecca Sinderbrand ... Gary Knell, president and CEO at National Geographic Society and an NPR alum ... Greg Lubar, international director for brokerage at JLL ... Greg Speed, executive director at America Votes (hat tips: Jon Haber) ... Nils Bruzelius, the pride of Stockholm, alum of WashPost alum and Environmental Working Group ... Bush alum Sara McIntosh ... HFA alum Kathy Gasperine ... Brian Malte … journalist Kelly Olsen ... Barb Prigge ... David Baumann, Washington correspondent and columnist at The Credit Union Times ... Kate DePriest, assistant counsel to the IG at SBA ... Delaware GOP executive director John Fluharty ... Uber development vehicle operator Matt Herman (h/ts Colby Bermel) ...... investigative journalist and author Dan Moldea is 67 (h/t Nadia Szold) ... Sen. Maggie Hassan (D-N.H.) is 59 ... Rep. Adam Kinzinger (R-Ill.) is 39 ... Rep. Luke Messer (R-Ind.) is 48 ... Jill Chappell ... Tim Morris, strategic marketing and branding director at Energy Storage Association and alum of WJLA and Politico, is 39 ... Adam Elkington ... Anne Kimbell ... Mary Walsh ... Blanquita Cullum ... Adrienne Biggert Morrell ... Maria Koklanaris Bonaquist ... Ross Fitzgerald ... Alana Berkowitz ... Eddie W. Reeves is 55 ... Jim Norman Javinsky is 47 ... David Hercilla ... Dan Hull ... Craig Kennedy, former president and CEO of the German Marshall Fund of the United States and now partner in the firm Creative Engagement ... Boehner alum Trevor Kolego, now SVP at The Smith-Free Group ... Mark Blumenthal ... Vivian Todini ... Justin Thiltgen (h/ts Teresa Vilmain) ... singer Josh Groban is 36 ... actress Kate Mara is 34 (h/ts AP)
Pinnacle West (PNW) reported adjusted earnings per share of 47 cents in the fourth quarter of 2016, which lagged the Zacks Consensus Estimate of 49 cents by 4.1%.
Pinnacle West (PNW) reported fourth-quarter 2016 earnings per share of 47 cents lagging the Zacks Consensus Estimate of 49 cents by 4.1%.
Frontier Communications Corporation (FTR) is slated to report fourth-quarter 2016 results on Feb 27, after the market closes.
Pinnacle West (PNW) is seeing encouraging earnings estimate revision activity as of late and carries a favorable rank, positioning the company for a likely beat this season.
The regulated nature of operation and domestic focus keep the utilities insulated from foreign currency fluctuation, which is a serious concern for a few other sectors.
Telephone and Data Systems Inc. (TDS) is slated to report fourth-quarter 2016 results on Feb 24, before the opening bell.
Our proven model does not conclusively show that Alliant Energy is likely to beat estimates this quarter.
Our proven model shows that Pinnacle West (PNW) is likely to beat earnings because it has the right combination of two key ingredients.
IDACORP Inc. (IDA) is scheduled to report fourth-quarter 2016 earnings results on Feb 23 before market opens.
NiSource Inc. (NI) is set to report fourth-quarter 2016 results before the opening bell on Feb 22.
Telefonica Brasil SA (VIV) is scheduled to report fourth-quarter 2016 results on Feb 23, before market open.
Telefonica SA (TEF), is scheduled to report fourth-quarter 2016 results on Feb 23, before market open.
Ameren Corporation (AEE) is set to release fourth-quarter 2016 financial results before the market opens on Feb 16.