Trump

Bloomberg Radio: Sound On: Fed rate decision, trade, and Trump 2020 speech

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Last night, Caracal Global Founder Marc A. Ross joined Bloomberg Radio's Sound On program.

Bloomberg Chief Washington Correspondent Kevin Cirilli was the host and Mattie Duppler, president of Forward Strategies and a National Taxpayers Union fellow, also joined the program for a wide-ranging discussion.

Topics:

Federal Open Market Committee decision

From a trade war toward a currency war

Trump's Orlando rally + Election 2020

Hope Hicks + Impeachment


Bloomberg Radio: Sound On: Trump & Pelosi Feud, Trade & Iran Tensions

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To start the holiday weekend, Caracal Global Founder Marc A. Ross joined Bloomberg Radio's Sound On program Friday evening.

Overview and access to the episode below:

Sound On: Trump & Pelosi Feud, Trade & Iran Tensions

Bloomberg Chief Washington Correspondent Kevin Cirilli delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.

Kevin spoke with Eli Yokley, Political reporter for Morning Consult and Marc Ross, founder of Caracal Global.

They discussed the ongoing feud between House Speaker Nancy Pelosi and President Donald Trump, the president's trip to discuss trade with Japanese PM Shinzo Abe and the administration's decision to deploy about 1,500 additional US troops and military hardware to the Middle East amid rising tensions with Iran.


Canada, Trump, Kim, Paris, ZTE, Uber, Netflix, Citi, Brazil

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Canada, Trump, Kim, Paris, ZTE, Uber, Netflix, Citi, Brazil

Marc Ross Daily
June 12, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

Marc Ross Daily  = Business News at the Intersection of Global Politics + Policy + Profits

Subscribe here
https://goo.gl/bSQKwA

TOP FIVE

✔️ Does your state trade with Canada?

✔️ The G7 fiasco: It's time to isolate Donald Trump

✔️ Trump and Kim leave the denuclearization details for later

✔️ Paris more attractive than London for business investment

✔️ Senators move to sink Trump’s ZTE deal

ROSS RANT

Think populism is slowing down? Check out how Ontario voted

Populism establishes a beachhead in Canada's most prosperous and most important province of Ontario.

To understand what will happen with American politics and upcoming elections, I find exploring elections in other Western democracies to be an essential tool.

Last Thursday night, Doug Ford was elected as the next Premier of Ontario. A new expansion of populism now confronts Canada. Think Trump lands in Ontario.

CBC's Chris Hall wrote, "Doug Ford — the bombastic, blustering and populist former Toronto city councilor — is going to be the next premier of Canada's most populous province. His victory, convincing as it was, came with an exclamation mark. He put an end to 15 straight years of Liberal rule."

Toronto Star columnist Edward Keenan echoed the same scripting "Ford era promises a rocky road ahead for all of us."

He went onto say "the next four years under Premier Doug Ford: constant reasons to wonder about the malice vs. incompetence debate, with a loud portion of Ford’s supporters hoping and cheering for the former option. And many of the rest of us hoping instead for the latter, because perhaps if a problem is caused by incompetence, there is some hope it will be fixed, as those who caused it realize their mistake or grow more competent and capable."

@Richard_Florida tweeted: Ontario went from being a pro-urban province/ state like California or New York to joining the ranks of anti-urban Red states ... 

I don't see the expansion of populism around Great Lakes stopping any time. Until CEOs of multinational corporations, Governors, and Mayors show leadership and engage voters in the Midwest on the value of globalization, this will be the result at the ballot box.

Endless outrage by the coastal elites will do little to change election outcomes.

Cross the Hudson and be in Cleveland.

Cross the Potomac and be in Detroit.

This is the three-part question facing US voters in 2018 and 2020: Do we protect the jobs of the past or invest in the jobs of the future? Do we subsidize the grey hairs or invest in today's 8th graders? Do we want to be part of a global world or not?

Voters today want protection, subsidies, and unilateralism.

Plan accordingly.

GEOECONOMICS

CBC: Trump says Trudeau's 'pushed around' comments will cost Canada 'a lot of money'

Trump says Trudeau "probably didn't know that Air Force One has about 20 televisions'

The G7 fiasco: It's time to isolate Donald Trump: The G7 summit once again made it clear that US President Donald Trump is intent on treating America's allies worse than its enemies. Europe must draw the consequences and seek to isolate Trump on the international stage. 
Der Spiegel - Roland Nelles

East Germans invest and vote differently. Here's why. Data shows that both recent and older history influences how we behave in daily life. https://bloom.bg/2t7PQCf

OTD: In 1991 Boris Yeltsin became the first democratically elected president of Russia.

WSJ: Trump: Kim to start to denuclearization steps

Pact is short on details; President promises to halt military exercises

NYT: Trump and Kim see new chapter for nations after summit

FT: Trump and Kim pledge peace on Korean peninsula

LAT: Trump-Kim Jong Un summit fails to produce disarmament plan

Nikkei: Trump and Kim leave the denuclearization details for later


Bloomberg: Trump gave Kim a summit but left with little to show for it

WP: Trump says US, North Korea are ‘ready to write a new chapter’

US military in Korea says no guidance on cancelling war games:
 Reuters reports, US military forces in Korea have not received any direction to cease joint military drills, a spokesman said on Tuesday, after U.S. President Donald Trump said war games would be ended amid talks with North Korea.

US opens new $255m de facto embassy in Taiwan: FT reports, the US has held a ceremony to mark the opening of its new de facto embassy in Taiwan, in a show of support for the government in Taipei amid mounting Chinese pressure on the self-ruled island. The diplomatic base reflected the “strength” of US-Taiwan ties and would “make possible even greater cooperation for many years to come”, said Marie Royce, assistant secretary of state for educational and cultural affairs, and the highest-ranking US official in attendance on Tuesday.

Friday: June 15 is the deadline for the US to publish the final list of Chinese products subject to $50 billion in tariffs

Aussie-Sino relations: Vast quantities of Australian wine are stuck in Chinese ports as relations between the two countries sour over criticism of Beijing's expanding military and spy network.

Entrance exams in China focus on the thoughts of Xi: Asia Times reports, almost 10 million high school graduates in China sat the nation’s annual college entrance exams earlier this week. The themes and reference materials are always a topic of conversation among parents and the online community. 

It is estimated that around 80% of global trade is part of long supply chains, and around 40% of global trade is within companies. 

BBC: First direct flight from China lands at Edinburgh Airport

Paris more attractive than London for business investment, says consultancy firm EY
: AFP reports, For the first time, Paris is ahead of London as the most attractive European city for businesses to invest in, according to a report by consultancy firm EY. EY convened a panel of 502 international business leaders who concluded that Paris was preferable to London in this respect. This comes as France’s overall attractiveness to investors continued to improve in 2017, for the second year in a row, partly thanks to President Emmanuel Macron’s economic reforms, according to the same report, published on June 11.

Brexit: The best hope for an orderly withdrawal from the European Union lies in all Conservative MPs uniting and backing the government.

MPs debate 15 amendments made by peers to the European Union (Withdrawal) Bill.

In Brexit showdown, British PM May faces challenge over 'meaningful vote': Reuters reports, British Prime Minister Theresa May faces a showdown on Tuesday with lawmakers who want power to force her government to go back to the negotiating table if they reject a Brexit deal, testing her plans for leaving the European Union.

UK should not legislate to control children's use of technology, says culture secretary:Guardian reports, Matt Hancock refuses to rule out law to protect minors online, but would stop short of French measures.

Digital and social media firms should be forced to protect children from addiction, UK experts say: Telegraph reports, Social media and online gaming firms should have a statutory “duty of care” to protect children from mental ill health, abuse and addictive behaviour, a coalition of the country’s leading experts demands today. Data amassed by charities, academics and doctors links children’s use of social media and gaming to a range of serious and lasting harms, many of which build gradually over time and go undetected by parents or teachers.

AMERICAN POLITICS

The $1.4 trillion US ‘surplus’ that Trump’s not talking about: Bloomberg reports, the US has a surplus of $20 billion with China and $1.4 trillion with the rest of the world. That’s not a normal trade balance, of course, where the US registered an annual deficit of more than $330 billion with China and about $550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG

Senators move to sink Trump’s ZTE deal: WSJ reports, in a rare rebuke of President Donald Trump, Republican Senate leaders set up a vote for this week that would undo the White House deal to revive Chinese telecommunications company ZTE Corp. Commerce Secretary Wilbur Ross was on Capitol Hill late Monday to lobby against the move. But Democratic and Republican lawmakers said that an agreement had been reached to wrap into the National Defense Authorization Act an amendment that would ban ZTE from buying components from US suppliers.

Politico: The 10 names that matter on China policy: Trump’s skepticism of Asia was a key part of his campaign’s identity. These 10 people are dealing with the reality. https://politi.co/2t1F8Nz

The Atlantic - Reihan Salam: Normalizing trade relations with China was a mistake: Lawmakers wanted to turn a potential enemy into a friend—instead, they squandered their leverage, in ways that shortchanged both nations. https://theatln.tc/2t2Slp0

Lawrence Kudlow, Trump’s top economic adviser, had a very mild heart attack Monday.

@CNBC: Paul Manafort will be arraigned Friday on witness tampering charges levied in the latest indictment from special counsel Robert Mueller.

Today: The Fed starts a two-day meeting with an expected rate hike announcement on Wednesday.

LAT: John Cox says Trump will campaign for him in California governor's race

Romney looks to lead GOP’s establishment wing
: Politico reports, Mitt Romney, is positioning himself to be a force in the Senate — and a potential counterweight to Trump. 

Today: Sen. Mitch McConnell (R-KY) will eclipse former Sen. Bob Dole (R-KS) as the longest-serving Republican leader in Senate history.

Inside Obama’s secret meetings with 2020 contenders: Politico reports, still the reluctant leader of the Democratic Party, Obama has been providing counsel to Bernie Sanders, Elizabeth Warren, and other presidential hopefuls.

ENTERPRISE

Forbes Global 2000: The world's largest public companies http://bit.ly/2y6NFEA

1. ICBC
2. China Construction Bank
3. JP Morgan Chase
4. Berkshire Hathaway
5. Agricultural Bank of China
6. Bank of America
7. Wells Fargo
8. Apple
9. Bank of China
10. Ping An Insurance Group
11. Royal Dutch Shell
12. Toyota Motor
13. ExxonMobil
14. Samsung Electronics
15. AT&T


Grocery chains are being squeezed from all sides: WSJ reports, pressure from rapidly changing consumer tastes, European discounters and Whole Foods will hurt smaller grocery chains most but the big players like Kroger will struggle to grow. 

What Caracal Global thinks: Deck: The Future Of Retail - see it herehttp://bit.ly/2HowjaB

Uber is considering an acquisition of Motivate, the company behind the Ford GoBike.

Today: A judge will decide whether AT&T can buy Time Warner

Citi issues stark warning on automation of bank jobs: FT reports, Citigroup’s investment bank has suggested that it will shed up to half of its 20,000 technology and operations staff in the next five years, as machines supplant humans at a faster pace.

US tech companies return to Taiwan as China ties sour: Nikkei reports, Microsoft, Amazon, and Google seek cutting-edge products for IoT.

AFP: Shoemaker Louboutin wins EU court battle over red soles

TRENDS

World Cup: why millennials will transform football’s greatest event: The way the game is experienced away from the pitch is the latest powerful example of digital disruption. https://on.ft.com/2l4CqTR

"Developing a first-class enterprise—retailer or tech company or football team or symphony orchestra—is all about developing people.” -- Tom Peters

CULTURE

A company built on a bluff: NY Mag reports for almost 25 years, Shane Smith’s plan for Vice was that, by the time the suckers caught on, he’d never be stuck owning the company he co-founded. https://nym.ag/2t0dDnc

A senior manager once joked that the company’s hiring strategy had a “22 Rule”: “Hire 22-year-olds, pay them $22,000, and work them 22 hours a day.”

Inside the binge factory: Netflix is hiring everybody in and out of Hollywood to make more TV shows than any network ever has, and it already knows which ones you’ll like. http://bit.ly/2sWZnMj

HBDs: George HW Bush is 94 yo today and Chick Corea reaches 77 yo.

Former Olympic skier Bode Miller ‘beyond devastated’ after death of 19-month-old daughter: WP reports, “Never in a million years did we think we would experience a pain like this,” Miller said of the death, which occurred by drowning.

SPORT

A German system that has made them the team of the century: The inside story of the model that has become the envy of the football world. http://bit.ly/2sXkM7W

Germany is not flying to Russia to see the sights, "but to win the tournament," said team director Oliver Bierhoff.

Goldman tips Brazil for World Cup after 1 million simulations: Bloomberg reports, so much for the unpredictable nature of the beautiful game. Goldman Sachs Group Inc. reckons Brazil will win its sixth World Cup, basing its forecast on data mining, machine learning, and econometrics. The investment bank is the latest to jump into the excitement before the soccer championship kicks off this week. It used 200,000 statistical models, sifted data on individual players and recent team performance and ran 1 million simulations of the tournament.

The Times: It’s time for Belgium’s golden generation to live up to the hype

Trump letters might be key to bid to host 2026 World Cup
: NYT reports, three previously undisclosed letters from President Trump to FIFA have reassured the organization’s members that all fans and teams would be welcome, regardless of US immigration policy.

2026 World Cup: FIFA members will decide on Wednesday whether to vote for a joint US-Canadian-Mexican bid or whether the World Cup -- which will feature 48 teams for the first time -- will return to Africa for only the second time in 2026.

Foreign-owned football clubs:

China: AC Milan, Inter Milan, Southampton, West Bromwich

India: Blackburn

Pakistan: Fulham

Iran: Everton

Qatar: PSG, Malaga

Russia: Chelsea

UAE: Man City

Singapore: Valencia

USA: Arsenal, Man Utd, Liverpool, Marseille, Roma

Team Trump to China + America’s Huawei probe

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Team Trump’s China gamble

The Trump administration's top economic and trade officials — including Steven Mnuchin, Larry Kudlow, Robert Lighthizer, and Peter Navarro — will head to China next week to try to prevent tit-for-tat tariffs from taking effect. But analysts doubt they can convince Xi Jinping to make any big concessions. 

Trump the deal marker seems confident.

‘I think we’ve got a very good chance of making a deal,’ Trump said earlier this week.

Trump went on to say, Treasury Secretary Steven Mnuchin is headed to China in "a few days" to resolve the ongoing trade dispute between the world's two largest economies. "They trade with us [but] we can't trade with them," Trump declared. Both countries have proposed tariffs on the other, after the Trump administration's Section 301 investigation into China's business practices.

American business continues to be baffled by Trump's goals in China trade battle. No one seems to have the answer to one key question: What will it take for Trump to declare victory and withdraw his threat to impose tariffs on up to $150 billion worth of Chinese goods? 

"Based on my conversations, both with U.S. government officials and Chinese government officials, there's been a lack of specificity in what China could do that would satisfy the United States and avoid the imposition of tariffs and investment restrictions or anything else," Erin Ennis, vice president  the US-China Business Council, said during a panel discussion Wednesday hosted by the Global Business Dialogue, an industry-funded.

Have you ever made a trip to a foreign land with no agenda and clear outcomes?

Usually it is for fun and vacation.

When it is for business and deal making it is called a boondoggle.

Maybe Team Trump will get to see the Great Wall so it won't be a complete waste. 

Huawei pulls €500m bond offering and America’s Huawei probe - Why you should care

Huawei scrapped a bond sale after it emerged that America’s DOJ is investigating the Chinese telecoms giant over suspected violations of Iran-related sanctions. 

Bankers and fixed income investors close to the deal said demand for the bond was strong on Wednesday evening until the company called off the deal without explanation. Some investors speculated that Huawei stopped the deal because the company was aware of an investigation and wanted to protect buyers from any impact on the price of the security.

The €500m ($605m) offering would have been the firm’s first euro-denominated debt sale. The probe reportedly concerns Huawei’s shipments to Iran of products originating in America.

Why should you care?

America’s Huawei probe will lead to China to find its own American target.

Tim Culpan, the technology columnist for Bloomberg Gadfly, in his recent column writes that whether or not Huawei is guilty of busting American sanctions isn’t the point.

With various U.S. government agencies searching for excuses to clamp down on China’s top technology hardware company, all this attention could fall under the rubric of violating a ban on sales to Iran, espionage, or anything else the U.S. government doesn’t like.

He writes it is possible that Huawei may have committed infractions. Or not.

Regardless, what is essential is that American investigations into alleged violations are being escalated. From one rogue company – ZTE Corp. – to another. Two is a coincidence; three is a trend.  If another Chinese company is investigated, Beijing will have the cover it needs to get even tougher on the U.S. and its corporate giants.

There is a lot of smoke around Huawei for a company few Americans can properly pronounce. Start paying attention to this company because regulators in Beijing are and the impact will shape commerce on both sides of the Pacific.

-Marc A. Ross

Marc A. Ross is the founder of Caracal Global and specializes in global communications and thought leader management at the intersection of politics, policy, and profits. Working with boardrooms and C-Suite executives from multinational corporations, trade associations, and disruptive startups, Marc helps business leaders navigate globalization, disruption, and American politics.

American Politics: Trump’s economic policy toward China receives mixed support from Americans

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A poll shows US adults split on whether closer economic ties between Washington and Beijing is a good thing. A 37 percent plurality of US consumers believes Trump is taking the right approach to Washington's financial relationship with China, while 35 percent disagree, according to a recent poll. Thirty-six percent of independents said the president is taking the wrong approach, compared to 12 percent of Republicans and 55 percent of Democrats who share that view.

Of course, what Americans think nationally doesn't matter as much when you have an election process for President that based on securing electoral college votes from states - and not securing a popular national vote. States like Michigan, Pennsylvania, and Ohio are filled with voters demanding stricter trade and economic actions forcing a reset of America’s commercial relationship with China.

Senator Sherrod Brown of Ohio believes the administration has “fallen far short” of his expectations on the trade front. “The problem in the White House is whispering in one ear are some people who are right on trade like (US Trade Representative Robert) Lighthizer and (US Commerce Secretary Wilbur) Ross,” Brown said in a Feb. 6 interview. “And in the other ear, you’ve got all of the Wall Street executives, in his other ear, whispering.”

You can read the full poll from Morning Consult here: https://goo.gl/DFYMYE 

Marc A. Ross is the founder of Caracal Global and specializes in global communications and thought leader management at the intersection of politics, policy, and profits. Working with boardrooms and C-Suite executives from multinational corporations, trade associations, and disruptive startups, Marc helps leaders create compelling communications, focused content, and engaging presentations.

Caracal Insider Daily | January 25, 2018

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Macron, Merkel, May, Trump, Davos, Alibaba + Kroger, Churchill, Beckham

Caracal Insider Daily
January 25, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

Caracal Insider = Global Business News at the Intersection of Politics + Policy + Profits

Subscribe here
https://goo.gl/bSQKwA

What's a Caracal? https://goo.gl/wDfPU6

TOP FIVE

✔️ Macron leads France back into diplomatic limelight

✔️ Europe is back. And rejecting Trumpism

✔️ Trump out to show Davos elite he knows best

✔️ Alibaba and Kroger discuss partnership

✔️ The wardrobe of Winston Churchill

GEOECONOMICS

Macron leads France back into the diplomatic limelight: Spiegel reports, his seemingly never-ending handshake with Trump may have attracted the most attention. But beyond the headlines, French President Emmanuel Macron is changing his country's role in the world.

"France is back." -- French President Emmanuel Macron @ Davos

CNBC: France's Macron says globalization is going through a major crisis

Germany: Angela Merkel would lead a six-month minority government before calling new elections under contingency plans being drawn up by senior conservatives on the eve of coalition talks.

Europe is back. And rejecting Trumpism: NYT reports, Macron’s hourlong speech before the annual gathering of the world’s wealthy and powerful in the Swiss Alps came on the same day that German Chancellor Angela Merkel and Italian Prime Minister Paolo Gentiloni issued their own forceful speeches toward advancing European integration while defending the notion of international cooperation.

Switzerland embraces cryptocurrency culture: FT reports, the alpine country emerges as global hub for initial coin offerings.

90% of growth will be outside the EU, and Brexit means Britain can benefit
The Times - Liam Fox

Ross says US won’t be a ‘sucker’ on trade: FT reports, US commerce secretary pushes panelists to ‘name a less protectionist country.’

US warns it will step up trade measures in 2018: FT reports, Mnuchin and Ross defend Trump administration against charges of protectionism.

WP: Trump will tell globalists at Davos that his nationalist agenda is working

Bloomberg: Trump out to show Davos elite he knows best


The buffoon presidency? Davos elites learn to live with Trump: Politico reports, the president will arrive in Switzerland to find global business leaders ready to welcome him — or at least to say he hasn’t been as bad as they thought he'd be.

Look for DJT to boast about US economic performance during his first year in office — unemployment down, the stock market up, robust growth, and tax reform. 

Tomorrow: Trump will speak with CNBC live at 6:00 am ET and will give his formal speech to Davos starting at 8:00 am ET time.

US destroyer tracking Russian spy ship off US coast: Navy Times reports, the US Navy is currently tracking a Russian spy ship spotted off the coast of North Carolina.

WSJ: US Commerce Secretary slams Beijing for protectionist actions under free-trade rhetoric

Sino FDI: China hauled in $144 billion in foreign direct investment (FDI) last year — it’s most ever.

“I think globalization cannot be stopped. Nobody can stop globalization. Nobody can stop trade. And I believe, if trade stops, war starts.” -- Jack Ma of Alibaba @ Davos

Today: US-China Economy and Security Review Commission hearing on China Belt and Road Initiative at 9:45 am ET.

Reuters: Mexico’s drug cartels, now hooked on fuel, cripple the country’s refineries

Outspoken World Bank chief economist Paul Romer exits: FT reports, emails reveal clashes over issues ranging from grammar to methodology.

AMERICAN POLITICS

NYT: Trump says he is willing to speak under oath to Mueller

Mueller moving quickly: Bloomberg reports, US Special Counsel Robert Mueller is moving faster than expected and appears to be wrapping up at least one key part of his investigation — whether Trump obstructed justice. 

Sessions interviewed in Russia probe: The Hill reports, Attorney General Jeff Sessions was interviewed last week by special counsel Robert Mueller’s team as part of the Justice Department's investigation into Russian election meddling. 

Trump administration backs bills to toughen foreign investment rules: Reuters reports, the Trump administration supports bipartisan bills in Congress to toughen U.S. foreign investment rules amid growing concern about Chinese efforts to buy U.S. high-tech companies, the White House said in a statement on Wednesday. The legislation would broaden the government's power to stop foreign purchases of US firms by strengthening the Committee on Foreign Investment in the United States (CFIUS).

AP:Kushners drop much-criticized effort to raise Chinese cash

Duckworth to be first sitting US senator to give birth: AP reports, Illinois Sen. Tammy Duckworth is pregnant with her second child. She will be the first U.S. senator to give birth while in office. 

California dreaming: For Democrats to flip the House this year, they’ll have to take some key seats in California.

ENTERPRISE

Walmart applies for 3D image patent for online grocery: BI reports, Walmart recently applied for a patent for a system that allows customers to preview food items selected for their online orders through pictures, according to CB Insights. The system, which is referred to as a “Fresh Online Experience” in the patent, would use 3D scanning to show online shoppers in-store items.

Alibaba and Kroger have had preliminary discussions about a partnership, apparently in a response to Amazon’s grocery moves. 

WP: Will millennials kill Costco? https://goo.gl/pSq16v

CNBC: Nine West could be the next retailer to file for bankruptcy

Reuters: Qualcomm signs $2 billion sales MOUs with Lenovo, Xiaomi, vivo, and OPPO

The EU fines Qualcomm $1.2 billion for anti-competitive practices.

GoDaddy has acquired Main Street Hub, a provider of social media marketing tools, for $125 million.

TechCrunch: Uber CEO hopes to have self-driving cars in service in 18 months

The next version of Apple's iPhone software will let people view their health records.

NBC: Tourism to US under Trump is down, costing $4.6 billion and 40,000 jobs

TRENDS

‘Never get high on your own supply’ – why social media bosses don’t use social media: Guardian reports, Developers of platforms such as Facebook have admitted that they were designed to be addictive. Should we be following the executives’ example and going cold turkey – and is it even possible for mere mortals? https://goo.gl/eTwggX

CULTURE

The wardrobe of Winston Churchill: The Rake reports, with the recent release of Darkest Hour, we examine Winston Churchill’s style and how it was recreated through the film’s authentic touches. https://goo.gl/xGPtxh

Elton John has announced his retirement from touring with a tour that will last for three years. 

SPORT

Beckham plans to unveil Miami MLS team on Monday: AP reports, Beckham and his partners are planning a Monday event to formally announce Miami’s new MLS team, as well as its name and logo, a person with direct knowledge of the situation told The Associated Press. A spokesman for Beckham did not immediately respond to a request for comment. His group has said it wants the new team to begin play in the 2020 season.