US Delegation Attending Davos

Davos.jpg

This afternoon the White House released the delegation that will be joining Trump in Davos:

THE WHITE HOUSE

Office of the Press Secretary

FOR IMMEDIATE RELEASE

January 11, 2018

President Trump Announces Presidential Delegation to Switzerland to attend the World Economic Forum

President Donald J. Trump today announced the Presidential Delegation that will attend the World Economic Forum in Davos-Klosters, Switzerland, from January 23 to January 26, 2018.

The Honorable Steven Mnuchin, Secretary of the Treasury, will lead the delegation.

Other Members of the Presidential Delegation:

The Honorable Rex Tillerson, Secretary of State

The Honorable Wilbur Ross, Secretary of Commerce

The Honorable Alex Acosta, Secretary of Labor

The Honorable Elaine Chao, Secretary of Transportation

The Honorable Rick Perry, Secretary of Energy

The Honorable Kirstjen Nielsen, Secretary of Homeland Security

The Honorable Robert Lighthizer, United States Trade Representative

The Honorable Thomas Bossert, Assistant to the President for Homeland Security and Counterterrorism

The Honorable Jared Kushner, Assistant to the President and Senior Advisor to the President

The Honorable Mark Green, Administrator of the United States Agency for International Development

The Honorable Scott Gottlieb, Commissioner of Food and Drugs

Caracal Insider Daily | January 11, 2018

Aibo.jpg

Peaked, Slashed, Certain, Plan, New

Caracal Insider Daily
January 11, 2018
Curation and commentary from Marc A. Ross

Reporting from Alexandria, Virginia

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

Subscribe here
https://goo.gl/bSQKwA

TOP FIVE

✔️ Global economic growth has peaked, says World Bank

✔️ Argentina to slash government red tape

✔️ Canada sure Trump to pull plug on NAFTA

✔️ What is your SOTU plan?

✔️ Diet Coke gets new look
 

GEOECONOMICS

Global economic growth has peaked, says World Bank: FT reports, aging populations, low investment and tightening monetary policy limit expansion.

Coming soon to Davos: A Trump stink bomb: Politico reports, the president will take his populist show to the annual Swiss gathering of global financial, political and media elites.

Davos in, Bannon out: Steve Bannon loses his head, while Trump goes to Switzerland.
WSJ - Editorial

"Now Bannonism is a cause without a President or even a website"

"A US President hasn’t attended Davos since Bill Clinton in 2000...What could possibly go wrong?"


BTW - Ronald Reagan spoke via video conference.

Argentina details measures to slash government red tape: Reuters reports, Argentina's government announced a series of measures on Wednesday to reduce bureaucratic tasks that business-friendly President Mauricio Macri thinks are holding back much-needed investment.

Canada takes US to WTO over anti-dumping system: FT reports, the trade protest comes days ahead of talks over Trump efforts to renegotiate NAFTA.

Canada sure Trump to pull plug on NAFTA: Reuters reports, Canada is increasingly sure that President Trump will soon announce that the United States intends to pull out of the North American Free Trade Agreement, two government sources said.

AFP: Canada braces for possible US exit from NAFTA trade pact

Forecasters are predicting oil could hit $80 a barrel this year.

Brussels eyes new taxes to cover post-Brexit shortfall: FT reports, levies on travel, plastics and emissions lined up to offset loss of UK revenues.

Russian bid to influence Brexit vote detailed in new US Senate report: Guardian reports, UK political system vulnerable to anti-democratic meddling via social media and ‘possibly illicit’ campaign funding, report says.

Bloomberg: ‘Bad Brexit’ would hurt the UK economy for more than a decade

China's factories sputter amid self-inflicted gas shortage: Nikkei reports, industry feels side effects as the country tries to shake its coal addiction.

@WSJ: China accounted for nearly 80% of computer power devoted to global bitcoin mining over the past 30 days

Axios: With the US less welcoming, China attracts more foreign students

#SoftPower

Australia lashes out at China’s ‘useless’ Pacific projects: FT reports, Canberra accuses Beijing of building roads to nowhere in developing nations.

Turkey summons US charge d'affaires over Syria: Turkish sources: Reuters reports, Turkey on Wednesday summoned a top U.S. diplomat in Ankara to protest Washington's support of a Kurdish militia in Syria, sources in the Turkish Foreign Ministry said, the latest in a long-standing disagreement between the NATO allies.

AMERICAN POLITICS

NBC: Democrats to invite sex misconduct victims to Trump’s State of the Union

#SmartPolitics

What is your SOTU plan? Never miss a chance to advocate.


To date, a million copies of Michael Wolff’s book “Fire and Fury: Inside the Trump White House” have been sold.

Corporate America warns Trump over immigration: FT reports, the US Chamber says threatening to deport 1m workers endangers economic growth.

Bloomberg: Facebook, Apple, GM leaders urge Congress to protect Dreamers

Immigration agents target 7-Eleven stores in a move to crack down on undocumented workers: WP reports, the pre-dawn sweeps comprised about 100 stores across the United States. Nearly two dozen people were arrested on suspicion of being in the country illegally, though officials said the audits are intended to target managerial hiring practices.

LAT: Issa becomes second California Republican to retire this week as Democrats look to reclaim US House

Atlantic: The world according to H.R. McMasterhttps://goo.gl/G4vYvg

ENTERPRISE

Sony's new pet dog "Aibo" goes on sale in Japan.

Hulu has more than 17 million subscribers in the United States.

Facebook is reportedly planning to release a $499 home video chat device called Portal, which is aimed at connecting families and friends. 

The Verge: Huawei’s CEO going off-script to rage at US carriers was the best speech of CES

Watch the speech here: https://goo.gl/mcDSLw

Globalization and competition are good for American consumers: Foreign automakers poised to build more cars and trucks in America than the Detroit's Big 3.

Diet Coke gets a new look, new flavors amid sinking sales: LAT reports, Coca-Cola Co. it's adding a slimmer 12-ounce Diet Coke can, updating the logo and offering the 35-year-old drink in four new flavors, including mango and ginger lime. The taste of the plain Diet Coke will stay the same, the Atlanta-based company said.

TRENDS

Watch out, airlines. High-speed rail now rivals flying on key routes: Bloomberg reports, in Asia and Europe, super-fast locomotives are comparable to air travel in price and door-to-door speed.

“I can say almost with certainty that cryptocurrencies will come to a bad end.” -- Warren Buffett

Buzzworthy word of the day = techlash

CULTURE

NYT's 52 places to go in 2018 https://goo.gl/jyYstX

SPORT

NYT: How Tua Tagovailoa stepped up, dropped back, and saved Alabama https://goo.gl/bf9ck1

“Tua can hit the keyhole.”

106-year-old French cyclist finally decides to hang up his helmet: AFP reports, Robert Marchand, a centenarian French cyclist whose exploits garnered fans worldwide is retiring, ready for more leisurely rides after racing into the record book. Last January, Marchand pedaled for 22.547 kilometers (14.01 miles) in an hour at the national velodrome in Saint-Quentin-en-Yvelines west of Paris. It was a new record for his age group -- though the category had to be created especially for him, and he had no competition.

Bloomberg: Big Ten schools extend esports league, scholarships through 2019

Trump to Davos - with a stop in London?

With POTUS off to Davos, I am confident the White House is pressing Number 10 to allow Trump to pop into London Town to open the new US Embassy and have a proper meeting with Prime Minister Theresa May.

He needs this visit and this meeting, like a lot.

Such need gives May leverage over the petulant President, finally. 

She can use this leverage herself - see too needs a reset. 

A reset away from her shambolic Cabinet reshuffle and a reboot from the endless Brexit talk and leaks about how the deal is or is not coming together.

For Trump he needs May, and he needs London.

Trump needs one more stop on his Davos itinerary. Coupled with his first State of the Union just days later, Davos has to be more than telling Bally wearing plutocrats "America First."

Sure, such talk will please the voters of Macomb County that served as a beachhead to Electoral College success powering subsequent victories across the Great Lakes, but such happy campaign rhetoric does little for Trump to shape the realities of global business and international commerce.

Trump going to Davos has more to do with a battered ego than actual policy advancement. 

Anything Trump has said about trade, commerce, America’s role in the world has already been spouted by him numerous times. In fact, for his Davos speech, I think you will find a carbon copy from the remarks he gave to the APEC CEO Summit last November. You can read the address here.

I am sure the brain trust inside the White House sees Davos as a way to recreate the illusion of Trump's leadership and purpose. One year into his Administration and you find a fire and fury mess. The media coverage he will receive by just stepping foot in a posh Swiss ski village will be immense. Trump's presence will overwhelm all the plans developed over the last year by the well-credentialed and well-read World Economic Forum staff.

Plus, if the White House can convince one America's most significant allies to take a meeting, Trump side by side with May, it will make him look presidential (I know - that word again - but it is the truth). Plus being in such a cosmopolitan city will build solid momentum for his the State of the Union.

Also, since Trump has access to a fantastic plane, he doesn’t have to sort out an EasyJet flight from Switzerland and the corresponding bus transfer from Luton Airport to the city center. Easy-peasy.

Will May provide Trump his much-needed access to London Town?

I say yes.

Globalists and anarchists, plan accordingly.

About the author: Marc A. Ross is the founder of Caracal Global which specializes in global thought-leader communications and management at the intersection of politics, policy, and profits. Ross holds an MBA from UNC Kenan-Flagler Business School.