Supreme Court confronts Trump and his tariffs in test of presidential power: The justices face a so-called legitimacy dilemma as they deal with a tricky legal dispute and a president who has made clear he would view defeat as a personal insult. NYT
Businesses press Supreme Court to strike down Donald Trump’s emergency tariff power: About 40 briefs have been filed challenging signature policy ahead of showpiece hearing. FT
Reuters: Supreme Court cannot stop all of Trump's tariffs. Deal with it, officials say
CNN: Big business sits out the Supreme Court fight over Donald Trump’s tariffs
Presidential power and the Supreme Court’s own stature ride on this case: The momentous tariffs case will undermine or buttress the Constitution’s separation of powers. George Will
Lessons from Trump’s China trade war: Beijing fought back, and it’s hard to see what tariffs achieved for the US. WSJ-Editorial
Trump’s China trade policy is a hot mess Thomas Friedman
The US had the spotlight, China stole the show Karishma Vaswani
US-China escalation is here to stay: The latest Trump-Xi deal won’t easily mend the faultlines that have opened between Washington and Beijing. Sarah Beran
American farmers want fair trade, not handouts: Relief payments and Chinese promises won’t make up for Trump’s tariff damage to agriculture. Mark Heckman
Tariffs on pasta from Italy could soon soar to more than 100%: WP reports a routine Commerce Department probe into alleged “dumping” has resulted in threats of crushing tariffs on Italian pasta that have left exporters shouting “Basta!”
Toronto Star: Doug Ford says he rejected two Mark Carney requests to pull anti-tariff ad
Philippines and UAE apply to join CPTPP to counter Trump tariffs: Nikkei reports Trans-Pacific trade bloc set to grow as global economy faces fragmentation risk.
Japan's defense forces hold live-fire anti-drone training in US: Nikkei reports Tokyo looks to high-power lasers and microwaves as countermeasures.
Reuters: Hegseth visits DMZ ahead of talks on US troops in South Korea
Vietnam is building islands to challenge China’s hold on a vital waterway: WSJ reports the contested South China Sea boasts rich oil and gas reserves and could play a key role in a conflict over Taiwan.
China to extend visa-free policy for Japan until end of 2026: NHK reports China's government says it will extend its visa-free entry policy for Japanese visitors until the end of next year.
China started separating its economy from the West years ago: Two decades of sustained effort to build national self-reliance and minimize imports have antagonized trade partners but fortified what a senior adviser called Beijing’s “bulwark” against conflicts. NYT
How a little Chinese island rose to global chemical dominance: A parable of China’s industrial supremacy. Economist
The state of AI: Is China about to win the race? The world is focused on America’s lead, but Beijing has the means, motive, and opportunity to pull ahead. FT
Trump officials torpedoed Nvidia’s push to export AI chips to China: WSJ reports president decided not to discuss matter with Xi after aides opposed company’s request.
US allows Microsoft to ship Nvidia AI chips to use in UAE for first time: FT reports the commerce department approval paves way for huge new investment in AI and cloud infrastructure in Middle East.
Trump threat of military action in Nigeria prompts confusion and alarm: WP reports Trump also warned of aid cuts over alleged attacks on Christians, though an adviser to Nigeria’s president dismissed the remarks as a negotiating tactic.
Reuters: Nigeria says US help against Islamist insurgents must respect its sovereignty
Bloomberg: Trump’s Military Threat Doesn’t Reflect Reality of Violence in Nigeria
WP: A kidnapping in Niger tests Trump promise to bring all Americans home
Sudan: ICC warns el-Fasher atrocities could be 'war crimes': DW reports the Red Cross said that history is repeating itself in Sudan's Darfur region following reports of mass killings in the city of el-Fasher. The ICC said it was collecting evidence as part of its investigation into the war.
BBC: Israeli military's ex-top lawyer arrested over leak of video allegedly showing Palestinian detainee abuse
Reuters: Ukraine to set up arms export offices in Berlin, Copenhagen, Zelenskiy says
Argentina is on a path to economic success: While many commentators have criticized Argentine President Javier Milei's draconian approach to economic reform, the results of the October legislative election show that the Argentine people would prefer short-term economic pain over a return to Peronist policies. Milei now has a clear path to finish what he started. Nouriel Roubini
Milei plans Miami trip for global summit with Trump, Messi: President Javier Milei will make his 14th trip to the United States since taking office midweek; He will attend America Business Forum, where he will meet Trump, Messi, and other global figures. BAT
Trump administration is planning new mission in Mexico against cartels, current and former US officials say: NBC News reports the new operation would include US troops on the ground in Mexico striking drug labs and cartel leaders, according to current and former US officials, though a deployment is not imminent.
The big lie behind Trump’s boat strikes: The Trump administration is training the press and the American people to associate the military strikes on small boats in international waters with stopping the flow of fentanyl and other drugs. This mendacity is a prime example of the falsehoods that imperialists tell before launching doomed wars of aggression. Timothy Snyder
Trump’s violent new Monroe Doctrine: US airstrikes in the Caribbean reflect President Donald Trump’s view of intra-American relations as hierarchical. Whereas previous US presidents tried to reconcile Woodrow Wilson’s idealism with Theodore Roosevelt’s realism, Trump merges both impulses into a single, volatile creed: exceptionalism without responsibility or restraint. Ana Palacio
Trump’s new world order: If you think he’s an isolationist, you’re wrong. He aims to reshape the globe. Walter Russell Mean
The imperial aesthetic at the heart of Trump’s presidency: In addition to his accumulation of political power, President Donald Trump has embraced visual cues designed to project personal command and grandeur. WP
WP: Report: Donors to White House ballroom have $279B in federal contracts
Reuters: US economy at risk of wobble as lower-income consumers get squeezed
AP: Government shutdown could become longest ever as Trump says he ‘won’t be extorted’ by Democrats
+ Speaker Mike Johnson said Monday that GOP leaders are discussing ways to deal with the rapidly approaching Nov. 21 expiration date of the continuing resolution that passed the House last month and is now stalled in the Senate.
Trump admin will partially fund November SNAP benefits: Politico reports the move comes after a federal court ordered USDA to use emergency money for the nation’s largest food aid program during the government shutdown.
Trump administration says it is paying out half of November’s SNAP benefits: WP reports the administration said it will release funds to pay for a half-month’s worth of food assistance benefits in November, days after two courts ordered the US Department of Agriculture to release the money to avoid driving nearly 42 million Americans into food insecurity.
Trump admin quietly funds some nutrition aid for low-income moms and babies: Politico reports officials moved $450 million in emergency funds for the Special Supplemental Nutrition Program for Women, Infants and Children on Friday.
AP: Some Head Start preschools shutter as government shutdown continues
Reuters: US government shutdown worsens financial woes for court-appointed defense lawyers
How the shutdown is laying the groundwork for Democrats in 2026: MSNBC reports Democrats have positioned the one issue where they have an advantage at the forefront of the midterms.
The new right’s new antisemites: Kevin Roberts of the Heritage Foundation flounders in the Tucker Carlson-Nick Fuentes fever swamps. WSJ-Editorial
Elections this week will show how unpopular Donald Trump really is: New York will make headlines. But keep an eye on New Jersey and Virginia, too. Economist
Trump’s gains with Latinos face a test Tuesday in this key New Jersey county: WP reports Trump flipped Passaic County in New Jersey last year. Now Democrats hope to capitalize on backlash to his administration in Tuesday’s gubernatorial election.
US Democrats, defeated by Trump a year ago, grapple with a grassroots rebellion: As Tuesday's special elections approach, the party is fractured, with no clear leader or unified message, as activists push for new priorities and a shake-up of its entrenched establishment. Le Monde
Mamdani is benefitting from New York City’s changing workforce Allison Schrager
Zohran Mamdani’s success is a warning: How did a socialist with almost no governing experience become New York’s mayoral frontrunner? WP-Editorial
NYC-MAYOR: In a record-setting early-voting period, more than 735,000 New Yorkers cast ballots in the race for the city’s next mayor, braving long, meandering lines outside polling stations.
Your summer weekend in Nantucket is on this year’s ballot: Residents of the beloved tourist destination are split over just how long visitors can stay. WSJ
The 25 young(ish) new Democrats to watch: We talked with dozens of party operatives to identify the most promising politicians of the next generation. NY Mag
WSJ: Jon Stewart to stay at ‘The Daily Show’ through 2026
Netflix is in talks to license video podcasts from iHeartMedia: The streaming service is looking to beef up its video podcast offerings and already signed a deal with Spotify. Bloomberg
Can’t Look Away: A film on the dangers of social media: Directed by Matthew O’Neill and Perri Peltz and based on Bloomberg News’ investigative reporting by Olivia Carville, Can’t Look Away exposes the real-world consequences of tech companies’ digital practices and widespread concerns over harmful algorithms. Bloomberg
Bloomberg: Starbucks sells 60% stake in China unit to Boyu for $4 billion
Bloomberg: Hooters founders start ‘re-hooterization’ with original garb
Sex dolls, boycotts, protests: Furor in France as Shein opens Paris store: Tensions escalated after French regulators discovered the Chinese-founded retailer was selling child-like sex dolls on its platform. WSJ
France threatens to block Shein over 'childlike' sex dolls: DW reports Shein has removed listings for sex dolls after French authorities flagged the presence of "childlike" sex dolls on the online store. France's economy minister said "boundaries have been crossed."
Kimberly-Clark strikes $40 billion deal for Tylenol maker Kenvue: WSJ reports the deal, one of the biggest so far this year, marks a short, rocky term of independence for Kenvue. Its shares soared, while Kimberly-Clark’s slumped.
Bloomberg: Ex-cybersecurity staffers charged with moonlighting as hackers
Bloomberg: Palantir hikes sales forecasts after record stock run-up
Nvidia targets factories as next step for corporate AI: Corporate adoption of AI technology has faced challenges, but demand is picking up, according to a top Nvidia enterprise AI executive. WSJ
Bloomberg: Nvidia can hit $8.5 trillion on ‘golden wave’ of AI, loop says
Bloomberg: Amazon inks $38 billion deal with OpenAI for Nvidia chips
OpenAI strikes $38bn computing deal with Amazon: FT reports lossmaking start-up commits to spending close to $1.5tn as it gobbles up processing power.
Is OpenAI becoming too big to fail? Sam Altman’s ability to intertwine the startup throughout major tech players puts it at the nexus of a vital part of the US economy. Tim Higgins
+ @MorningBrew: OpenAI deals this year (@KobeissiLetter):
• Stargate - $500 billion
• Nvidia - $100 billion
• AMD - $100 billion
• AWS - $38 billion
• Intel - $25 billion
• TSMC - $20 billion
• Microsoft - $13 billion
• Broadcom - $10 billion
• Oracle - $10 billion
Total Value: $816 billion
Bloomberg: Microsoft vows to spend $8 billion in UAE through 2029 on cloud, chips
Bloomberg: Microsoft signs $9.7 billion deal with data center firm IREN
Apple Watch data teamed with AI reveals heart damage: FT reports researchers say advance could make early screening for structural heart disease possible on a large scale.
Coca-Cola injects ‘Holidays Are Coming’ ads with an upgraded dose of AI: WSJ reports ‘Holidays Are Coming’ faster and cheaper for the soda giant, which caught heat last year for its AI-generated ads.
Google’s first AI ad avoids the uncanny valley by casting a turkey: WSJ reports the search giant becomes the biggest name yet to generate an ad entirely with its Veo 3 and other artificial-intelligence tools.
AI is co-writing financial reports. Here’s why that matters. The technology’s use in producing annual and quarterly filings—even with the requisite human oversight—raises questions of transparency and trust. WSJ
You don’t need to swipe right. AI is transforming dating apps. Meet your artificial intelligence matchmakers. These AI tools are changing dating apps, so users don’t have to swipe through an endless scroll of profiles. NYT
Will AI make dating apps better—or even worse? Tinder, Hinge, and Bumble are betting big on the technology. Economist
The human cost of Xiaomi’s rapid pivot from smartphones to EVs: China’s tech companies are pushing staff to work longer hours as they seek to dominate new markets and compete with US firms. Bloomberg
The microchip era is about to end: The future is in wafers. Data centers will be the size of a box, not vast energy-hogging structures. George Gilder
$615,000 a day: Order to keep coal plant open ignites debate in Michigan: Some consider the lakeside power station a dinosaur, while others hope to attract a data center. WSJ
Russia sees Southeast Asia as next destination for small nuclear reactors: Nikkei reports Moscow aims to capture 20% of growing market by 2030.
Rare-earth magnet startups seal $1.4 billion deal with Trump administration: WSJ reports the agreement with Vulcan Elements and ReElement Technologies is a strong sign the Pentagon is intent on building a supply chain to reduce China’s control.
How a 1975 storm reached its peak fury on Lake Superior, dooming the Edmund Fitzgerald Detroit Free Press
I trained for the marathon with artificial intelligence. But the suffering was real. Four months ago, a WSJ reporter turned to ChatGPT to coach her for the New York City Marathon. Here’s how her race day unfolded. WSJ
Bloomberg: About 45% of Canada watched Toronto’s dramatic World Series loss
Did the Blue Jays blunder a World Series with a bunt? Thoughts after a riveting Game 7: The bunt police swarm after Toronto, an epic from Yoshinobu Yamamoto, the end of home field advantage, and are the Richie Rich Dodgers sort of…likeable? Jason Gay
The NFL’s new Brady-Manning debate: With five wins apiece from 10 career meetings, Josh Allen and Patrick Mahomes have become a modern answer to the quarterback question that shaped the league for a decade. But when it comes to the playoffs, their rivalry is more of a walkover. WSJ
Woke football stickers are going viral in Britain: The sport is becoming a battleground in Britain’s culture war. Economist
Enjoy the ride + plan accordingly.
-Marc
Marc A. Ross | Chief Communications Strategist @ Caracal
Caracal Daily | November 4
