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Yahoo Finance
Trade war intensifies – What to know in the week ahead
Another wild week in the markets sent the Dow more than 600 points lower last Friday alone, as investors considered the latest escalations in the U.S.-China trade war. Against this back-drop, this week is poised to be another busy one for markets.
TechCrunch
Original Content podcast: Netflix's 'Red Sea Diving Resort' awkwardly mixes fiction and reality
As we explain in the latest episode of the Original Content podcast, the filmfeels like it's made in the "Argo" mold, fashioning a political thriller outof a too-crazy-for-fiction events
Motley Fool
Better Buy: Biogen vs. Celgene
Which stock wins in a match-up between these two biotechs?
Motley Fool
Survey: 82% of Workers Try to Keep Their Social Media From Employers
Some use aliases, others try privacy settings, and 50% don't think companies should be allowed to look.
Financial Times
Netflix hooked on reality TV in battle with broadcasters
Streaming platforms such as Netflix and Amazon Prime have beefed up their UK offerings of reality shows, moving in on a genre that traditionally has acted as a battleground for broadcasters targeting younger viewers. The total number of hours of game, lifestyle and other types of unscripted shows on the British platforms of the two entertainment giants has quadrupled over the past two years, according to data from Ampere Analysis. Netflix, meanwhile, increased its reality content by one percentage point to four per cent, according to Ampere.
Financial Times
American Factory, Netflix — harsh truths about the new world of work
If anyone was going to convince a Chinese industrial billionaire to let an independent American film crew document the sensitive inner workings of a former GM plant in Ohio, as it geared up for reopening under new management, it was going to be Steven Bognar and Julia Reichert. The Dayton, Ohio-based pair had already documented the closure of the plant in an Academy Award-nominated HBO film called The Last Truck: Closing of a GM Plant, while Reichert offered an impressive résumé of labour-themed titles including the award-winning Union Maids, and Seeing Red: Stories of American Communists.
Bloomberg
Retailers Dealt Another Blow as Trump Steps Up China Tariffs
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. For American retailers, what Trump giveth, Trump taketh away.President Donald Trump’s administration, which said just 10 days ago it would delay until December some of its new tariffs on Chinese goods, has hit the retail sector with a new blow: The new levies will be raised to 15% from 10% as retaliation after China threatened to impose additional tariffs on $75 billion of American goods.He also said that the $250 billion of goods and products already being taxed at 25% will see that rate hiked to 30% starting on Oct. 1. Trump had warned earlier in the day that he was planning to escalate the trade war with China, firing off on Twitter a new demand that U.S. companies seek alternatives to producing goods in China. Some large retailers had said they’ll be able to pull levers to keep from passing on the costs to consumers at the 10% tariff rate, but a 15% hike makes that harder to pull off.The National Retail Federation, a retail trade association, weighed in on the escalating trade war Friday, ahead of Trump’s tweets laying out the specifics.“There are no winners in a trade war, and right now, both sides are losing,” said Jonathan Gold, vice president of supply chain and customs policy at the group. “American businesses and consumers continue to be caught in the crosshairs.”Home Depot Inc., Lowe’s Cos., Mattel Inc. Hasbro Inc., Walmart Inc., Target Corp., Best Buy Co., Macy’s Inc., Kohl’s Corp., J.C. Penney Co. and the Toy Association didn’t immediately respond to email requests for comment.David French, senior vice president of government relations for the NRF, said it’s “impossible” for businesses to plan for the future in the current climate.“The administration’s approach clearly isn’t working, and the answer isn’t more taxes on American businesses and consumers,” he said. “Where does this end?”Before May, the average U.S. consumer had largely escaped direct impact from U.S. tariffs on Chinese imports, with the previous rounds focusing more on agricultural items like fish and produce as the Trump administration tried to avoid the backlash that taxing consumer goods might bring. But consumer items like handbags were added to the list in the spring, with the upcoming rounds expected to hit everything from footwear to electronics.“We urge both governments to cease all punitive tariffs and return to the negotiating table,” Rick Helfenbein, president and chief executive officer of the American Apparel & Footwear Association, said in an emailed statement after China’s $75 billion round was first announced. “It is time that we end this senseless game of tariff ping-pong, before undue harm comes to our economies and our consumers.”After Trump announced plans to increase the levies further, Helfenbein decried the “tit-for-tat tariff hikes.”“Two and a half years we have been promised a new and innovative approach, yet what we’ve been given is a 1930s trade strategy that will be a disaster for American consumers, American businesses and the American economy,” Helfenbein said.“The president has said he wants American businesses to stop working in China, yet he doesn’t seem to understand that moving a supply chain is incredibly complicated and expensive. It takes years to build relationships that meet compliance standards and deliver quality products, yet we have been given weeks and in this case days. This is not how you negotiate.”The Consumer Technology Association, a trade group representing more than 2,200 companies and which holds the annual CES, a massive consumer electronics trade show in Las Vegas, was blunt.“These escalating tariffs are the worst economic mistake since the Smoot-Hawley Tariff Act of 1930 -- a decision that catapulted our country into the Great Depression,” CTA president and CEO Gary Shapiro said in a statement. “Enough is enough.”(Updates with CTA statement in final paragraph.)\--With assistance from Matthew Boyle.To contact the reporters on this story: Joe Deaux in New York at jdeaux@bloomberg.net;Jordyn Holman in New York at jholman19@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Anne Riley Moffat, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Market Realist
Video Streaming: Netflix Faces Fierce Competition
Competition taking a toll on Netflix as its share of US subscription video streaming market keep falling as rivals gain ground.
Market Realist
Why Is Expansion into India a Big Deal for PayPal?
PayPal takes on India’s digital payments market as it looks to international markets for growth. India presents a $1.0 trillion opportunity for the company.
Zacks
Starbucks (SBUX) Up 4.1% Since Last Earnings Report: Can It Continue?
Starbucks (SBUX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Simply Wall St.
We Wouldn't Be Too Quick To Buy Newell Brands Inc. (NASDAQ:NWL) Before It Goes Ex-Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Newell...
Bloomberg
Biden Skips DNC Event as Traditional Power Center Loses Sway
(Bloomberg) -- Most Democratic presidential hopefuls stepped away from the early-state campaign circuit this week to court party insiders at their biggest meeting before votes are cast. But not the front-runner.Joe Biden chose to campaign elsewhere, while many of his rivals met with donors, took selfies with activists and mingled in the lobby of the San Francisco hotel where the Democratic National Committee is meeting through Saturday.While aides from opposing campaigns griped that Biden, the former vice president, wasn’t putting in the same effort as their bosses to reach out to party insiders, more than a dozen DNC members said they didn’t have a problem with his decision not to attend and that his time was best spent courting voters.Skipping a gathering like the DNC annual meeting would have been surprising in years past. Biden, however, can afford to pass it up in part because of the diminished role of party insiders in the nominating process.For more than three decades, DNC members, Democratic members of Congress and other party elites got individual votes as “super delegates” on the first ballot at the Democratic convention.But after the super delegates overwhelmingly supported establishment candidate Hillary Clinton in 2016, her primary opponent, Senator Bernie Sanders, complained that their role subverted the will of voters. So the party modified its rules to give super delegates a vote only on a potential second ballot.Still, with so many powerful Democrats in one place and only three candidates polling in the double digits, much of the field made the trip to San Francisco. Early Friday, New Jersey Senator Cory Booker greeted supporters in a conference room rented by his team. At lunchtime, Tom Steyer and Andrew Yang were both schmoozing their way through the lobby of the Hilton San Francisco Union Square.Throughout the day Friday, 13 candidates -- including Representative Seth Moulton of Massachusetts, who used his speech to drop out of the race -- spoke to the meeting.Biden appeared by video in washed-out light, promising to campaign for fellow Democrats – including the party’s nominee, if it isn’t him.“If we stand together, we’ll win the battle for the soul of this nation,” he said in the one-minute spot, which received tepid applause. The crowd’s cheers were louder for Colorado Senator Michael Bennet, who attacked what he called the DNC’s exclusionary debate rules, and for Julian Castro, who took the stage after the Biden video.Biden’s campaign manager Greg Schultz said the best use of the front-runner’s time was on the campaign trail and that his candidate’s commitment to the Democratic Party was not defined by showing up at a single meeting.“He’s with voters making the case for why he should be the Democratic nominee for president,” Schultz told Bloomberg News in the hotel lobby.Jeff Weaver, a senior adviser to Sanders, was unimpressed. “Joe Biden is afraid to present himself at Democratic Party functions because there are various elements of the party who are very concerned that he doesn’t represent the rank-and-file,” Weaver said. “That’s why he doesn’t show up. Why’s he going to show up?” Biden is “a dinosaur,” he added. Schultz said Biden has “a long history of supporting the Democratic Party at every level and everybody here knows that.” “I will say that Joe Biden has campaigned for more Democrats in more places than anybody else running for president. And if he is fortunate to be the nominee and fortunate to be the president, that’s going to continue,” Schultz said. Schultz, who travels rarely for the campaign, said he was meeting with members of the DNC executive committee, state party chairs and donors. He was joined by Symone Sanders, a senior adviser to the campaign and a DNC member, and Carla Frank, Schultz’s chief of staff.Pete Buttigieg, the mayor of South Bend Indiana, whose 2017 bid for DNC chair helped raise his national profile, spent Friday in New Hampshire, while former Texas Congressman Beto O’Rourke scrapped his planned appearance to visit victims of the Aug. 3 El Paso mass shooting with Gabrielle Giffords, the former Arizona congresswoman who herself survived a mass shooting in 2011.J.P. Barone, a DNC member from Minnesota, said he agreed with Biden’s approach.“We were surprised any of them are here at all. Why are they wasting time talking to us? We always want our candidates talking to voters so they should be going to the early states,” Barone said. With the new rules diminishing the power of super delegates, “the fact that they’re coming to spend time with people who don’t vote is an interesting judgment call,” he said.“All of these candidates can’t be at every event so they choose,” said Bob Mulholland, a California DNC member who is supporting Kamala Harris, his state’s junior senator. “They’re smart enough to figure out where they need to be every day.”Buttigieg’s campaign sent his husband, Chasten, instead and 10 senior staff members who hosted a reception. Guests were given Buttigieg tote bags that read “Midwestern Millennial Military Mayor” as they walked in. They sipped beer and wine and ate chicken and waffles and banh mi pork meatball sandwiches as they mingled with campaign staff.“I can’t talk about other candidates,” Booker said when asked about his opponents’ decisions to skip the event. “It was the right thing for me to be here.”(Updates with Sanders adviser from 13th paragraph.)To contact the reporters on this story: Jennifer Epstein in San Francisco at jepstein32@bloomberg.net;Tyler Pager in San Francisco at tpager1@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Motley Fool
Bill Gates Says This Type of AI Will Be Worth “10 Microsofts”
Artificial Intelligence is set to change the world according to several billionaires. Here are seven stocks riding the AI wave.
Bloomberg
Obama-Backed Film Offers a Sobering Take on U.S.-China Rivalry
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The trade battles between China and the U.S. are often discussed as sterile policy matters. But every so often a tale like “American Factory,” a documentary that debuted on Netflix this week, serves as a reminder that people and complexities are involved.“American Factory,” the first film backed by Barack and Michelle Obama’s new production company, tells the unvarnished story of a shuttered General Motors plant outside Dayton, Ohio, bought and revived as an auto glass factory by China’s Fuyao Glass.The film’s political relevance comes from the fact the new factory opened in October 2016, just weeks before Donald Trump was elected wielding a campaign promise to stunt China’s economic rise that has since turned into a trade war convulsing the global economy. But what makes it compelling is that what begins as an optimistic story of revival ends up as a tangled one about a clash of cultures and the powerful and perplexing forces of globalization and automation.The fact that the first film issued by the Obamas’ new production company as part of a partnership with Netflix is about the economic relationship between two powers struggling to figure out how to co-exist may raise eyebrows among the current team in the White House. At the very least it offers a nuanced counterpoint to Trump’s proclamation that trade wars are “easy to win.”“I think one of the things that makes the movie powerful is the fact that it’s not all black and white. There’s a bunch of gray,” Barack Obama says in a short interview with “American Factory” directors Julia Reichert and Steven Bognar issued with the film.The film is, above all, good at capturing unguarded moments featuring its Chinese characters.Changing Views“The most important thing is not how much money we earn, but how this will change Americans’ view of the Chinese and toward China,” Fuyao’s billionaire chairman, Cao Dewang, tells a group of Chinese workers brought in to help set up the factory a half-hour into the film.Regardless of that proclamation the cultural clash on show is often raw. “They are pretty slow. They have fat fingers,” one Chinese manager complains early on as he leads Cao past a line of American workers.“The Chinese really don’t help us out. They just walk around and tell the Americans what to do,” an American employee complains later as tensions threaten to boil over.During a visit by a small group of American managers to Fuyao’s headquarters in China the camera captures a conversation between a Chinese supervisor and his Chinese-speaking American counterpart from the Dayton factory.“You guys have eight days off every month. You have all the weekends,” the Chinese supervisor complains, pointing out that the workers laboring nearby get only a day or two off per month.American executives and supervisors recruited to run the Ohio plant are eventually replaced with Chinese managers more attuned to Cao’s ruthless demands for efficiency and profit and his bristling at the idea of his workforce becoming unionized.Shortly after he makes the change, Cao offers that he has grown more suspicious of the land he has invested in. “We hired Americans to work as our managers and supervisors. Our expectation was that we could trust them, pay them a high salary and they would serve the company. Why didn’t they? I think they are hostile to Chinese,” he tells the filmmakers.There are heartwarming and even hopeful moments in “American Factory." Rob, a furnace supervisor, invites a dozen Chinese Fuyao employees over for Thanksgiving dinner at his rural home, letting them pose with his guns and giving the brave ones rides on his Harley. “They talked about it forever. That made me happy,” he says.But underlying it all are also harsh economic realities. By the end of the film Rob has been fired for taking too long to call up information on a computer. And the executive leading Cao through a factory being transformed yet again is laying out in cruel detail how and when new robots will be replacing the workers nearby.“This one is being tested now. We’re hoping to cancel four workers in July and August,” he says. “I’ll change that into machine work. We can’t get the work done now. They are too slow.”Which sends another message about the current trade wars. All the tariffs and tussling over soybeans and supply chains may be missing a bigger transformation underway in the global economy. One that, as the film makes clear in its closing frames, is likely to hit both American and Chinese factory workers alike.To contact the reporter on this story: Shawn Donnan in Washington at sdonnan@bloomberg.netTo contact the editors responsible for this story: Simon Kennedy at skennedy4@bloomberg.net, Sarah McGregor, Brendan MurrayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bloomberg
Activists Protest DNC Snub of Climate Debate: Campaign Update
(Bloomberg) -- A progressive climate group that is behind the Green New Deal held a large protest inside the hotel hosting the Democratic National Committee’s summer meeting Friday in response to the party’s rejection of a debate focused on climate change.Lining the halls of the Hilton San Francisco Union Square hotel, protesters loudly cheered and sang as delegates and staff walked by. On Thursday, the DNC’s resolutions committee rejected a proposal to let candidates appear simultaneously in a debate on climate issues. DNC Chairman Tom Perez has also expressed opposition to any single-issue debates."In the coming days and months, we’ll keep fighting to make sure the DNC and Tom Perez treat the climate crisis like the emergency that it is, and give it the airtime and attention that it deserves,” Sunrise Movement spokesperson Sofie Karasek said in a statement.Ad Buying Frenzy Paused for Some 2020 Democrats (4:15 P.M.)Meeting the Democratic National Committee’s debate qualification rules has halted a social-media ad-buying frenzy -- for now.Some of the leading 2020 Democratic candidates who’ve secured a slot for the third debate in Houston on Sept. 12 have scaled back their spending on social media advertising this past week. Facebook and Google advertisements have become one of the most popular tools used among candidates looking to reach the 130,000 donor threshold and push up polling numbers to win coveted debate spots.Between Aug. 11 and Aug. 17, front-runner Joe Biden spent about $19,000 on Facebook and Google ads, down from $99,000 the week before, according to data by Acronym, a progressive nonprofit organization. Andrew Yang spent around $15,000, down from $67,000 a week earlier, and Beto O’Rourke spent $26,000, down from $80,000.With less than a week left to meet the 130,000 donor and 2% polling threshold, other candidates have upped their spending. Billionaire businessman Tom Steyer, a late entrant to the Democratic field who’s yet to qualify, was the top spender among his rivals this month, buying more than $2 million worth of Facebook and Google advertisements just in the past two weeks, in his push to make it on stage in Houston.President Donald Trump still remains the highest spender on social media ads, having spent a total of $16.7 million since November.Trump Blames Dow Drop on Exiting 2020 Candidate (3:34 P.M.)President Donald Trump made light of a plummeting stock market on Friday by blaming it on the Democratic congressman who quit the presidential race earlier in the day.“The Dow is down 573 points perhaps on the news that Representative Seth Moulton, whoever that may be, has dropped out of the 2020 Presidential Race!” Trump tweeted.Seconds later, Moulton responded.“I’m glad he thinks that I have more influence over Wall Street than he does," he told reporters as he prepared to formally announce to DNC members in San Francisco his departure from the race. "He’s probably thrilled that I’m out.”Market watchers said it was Trump’s earlier tweets -- in which he purported to order U.S. companies to leave China after Beijing’s retaliatory tariffs -- that escalated trade fears and triggered to the hard sell-off. -- Sahil Kapur and Gregory KorteMichael Bennet Rips Into Democrats’ 2020 Rules (2:47 P.M.)Struggling Democratic presidential hopeful Michael Bennet says the party’s being unfair to candidates who aren’t celebrities, billionaires or veterans of the campaign trail.Bennet, a U.S. senator from Colorado, is seeking to gain traction in the crowded but rapidly shrinking field. He lit into rules for the 2020 presidential primary while speaking at the Democratic National Committee’s summer meeting in San Francisco.“The DNC process is stifling debate at a time when we need it most. We’re rewarding celebrity candidates with millions of Twitter followers, billionaires who buy their way onto the debate stage, and candidates who have been running for president for years,” he said.Bennet, 54, said he won’t be on the stage for the third debate, arguing that the rules encourage candidates to spend heavily on platforms like Facebook to qualify for debates. Candidates must have 130,000 donors and register at least 2% in four qualifying polls to earn a spot on the debate stage. So they are under tremendous pressure to get a lot of small donors and must spend heavily on social media ads to meet the qualifications.“If we wanted to be the party that excluded people, we’d be Republicans,” he said. “These rules have created exactly the wrong outcomes and they will not help us beat Donald Trump.”Bennet hasn’t qualified under the fundraising and polling requirements for the September debates. -- Sahil KapurProgressives Cry Foul Over Party Favoritism (12:13 P.M.)Democratic leaders want to winnow down the crowded field of presidential contenders and get some of them to run for state or congressional seats.But there are still those stinging from 2016, when the Democratic National Committee seemed to favor establishment candidate Hillary Clinton over Bernie Sanders.Case in point: former Colorado Governor John Hickenlooper, who dropped out of the presidential field and announced Thursday he would instead run for Senate.The problem? There are already 11 candidates in the primary race, and they have been unwilling to clear the field for Hickenlooper, who earlier this year said, “I’m not cut out to be a senator.”So when the Democratic Senatorial Campaign Committee came out in support of Hickenlooper Friday, the progressive wing cried foul.“This is a moment of decision,” tweeted Andrew Romanoff, former Colorado House speaker and one of the candidates. “Do we want DC to dictate our choice and buy this election before any ballots are even cast — or do we believe voters still matter?”The move could have repercussions back up to the national race, further dividing moderates and the party’s left flank. David Sirota, Sanders’s top speechwriter who lives in Denver and is married to a state representative, accused the DSCC of trying to block a contested primary “to create a coronation for the candidate who opposes a Green New Deal and Medicare for All.”The Democratic nominee will face incumbent Republican Senator Cory Gardner. -- Gregory KorteBannon Aims to Embolden Trump With Huawei Film (5:30 A.M.)Donald Trump’s re-election could hinge on the outcome of his trade war with China. As markets wobble and central bankers gather in Jackson Hole, Wyoming, to consider the fallout, a familiar combatant is about to lob a bomb designed to fire up the president and intensify his focus on China.Trump’s former chief strategist Steve Bannon, never one for subtlety, has produced a new film called “Claws of the Red Dragon” attacking Huawei Technologies Co., the Chinese telecommunications giant Trump has forbidden U.S. companies from doing business with over concerns about its ties to the Chinese government.Bannon’s goal is to steel Trump’s resolve to confront China — a resolve that seemed to weaken when markets plunged in early August and the administration granted Huawei a 90-day reprieve. Bannon hopes “Claws of the Red Dragon” is sufficiently alarmist that Trump puts off worries about a recession and presses ahead with tariffs.“The central issue in the 2020 presidential campaign is going to be the economic war with China: manufacturing jobs, currency, capital markets and technology,” Bannon said in an interview. “Huawei is a key part of that, and this film will highlight why it must be shut down.Unlike Bannon’s earlier films — high-intensity right-wing documentaries — “Claws of the Red Dragon” is a moody action-drama with professional actors “inspired by the 2018 arrest of Meng Wanzhou, the chief financial officer and daughter of the founder of Huawei Technologies,” according to a press release.The movie follows fictional Chinese-Canadian journalist Jane Li, whose reporting exposes her to what Bannon and the filmmakers allege to be Huawei’s countless perfidies, including ties to the Chinese Communist Party and the country’s military.Meng remains under house arrest in Canada as her lawyers fight attempts by the U.S. to extradite her in a sanctions case. Both she and the company deny wrongdoing. After her arrest, China detained two Canadian citizens, who are still in custody.While anyone can watch the official trailer, Bannon’s project appears aimed mainly at an audience of one.“One of my objectives is to get a screening for President Trump at the White House,” he said.The film will first appear on Canadian television in mid-September. It was released by New Tang Dynasty Television. Bannon is working to arrange U.S. distribution.Coming Up:The Democratic National Committee meets until Saturday in San Francisco. Most of the top presidential candidates -- except Joe Biden and Pete Buttigieg -- will speak to members on Friday.\--With assistance from Joshua Green, Sahil Kapur, Gregory Korte and Misyrlena Egkolfopoulou.To contact the reporter on this story: Tyler Pager in Washington at tpager1@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Ros Krasny, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zacks
Mastercard (MA) Rides on Increase in Revenues & Acquisitions
Increase in revenues, investments in technology and acquisitions boost Mastercard's (MA) growth.
Bloomberg
Al Franken Seeks Paid Speaking Gigs in Return to the Public Eye
(Bloomberg) -- Al Franken is ready to make his comeback.After resigning from the U.S. Senate at the beginning of 2018 due to sexual-harassment allegations, the comedian is working with Hollywood firm United Talent Agency to make paid public speeches. The agency sent an email this week pitching Franken to potential bookers and promoters, touting his “unique voice,” Emmy awards, best-selling books and career in the Senate.“Whether discussing his career in comedy or in public service, Franken delivers a singular experience -- leaving audiences thoroughly entertained, more knowledgeable, and either optimistic or extremely depressed about our nation’s future -- depending on how he feels that day,” the pitch note obtained by Bloomberg says. It makes no mention of the circumstances that led to his resignation.Before his election to the Senate as a Democrat from Minnesota, Franken was on the speaking circuit, which can pay tens of thousands of dollars per appearance. Members of Congress aren’t allowed to be paid for their speeches.Franken has been tiptoeing back into public life since the sexual-harassment allegations forced him to resign. He started a website in April and began hosting a podcast in May, featuring guests such as comedian Dana Carvey, author Michael Lewis and former energy secretary Ernest Moniz.Second ThoughtsThe allegations against Franken have divided the Democratic Party over the past year. Several senators, including Dick Durbin, have said they had second thoughts about calling for Franken to step down, and Franken told journalist Jane Mayer that he regretted resigning.Mayer wrote a profile of Franken for the New Yorker questioning the allegations -- in particular the first case. In that instance, radio host Leeann Tweeden said Franken made unwanted advances and released a photo of him gesturing toward her chest while she was asleep.Kirsten Gillibrand, a senator from New York who is running for president, was one of the first women to call for Franken to step down, and she’s defended that position in the weeks since Franken spoke to Mayer.“There is no prize for someone who tries to hold accountable a powerful man who is good at his day job,” Gillibrand said at a town-hall event in July. “But we should have the courage to do it anyway.” She reiterated that position in a podcast with the New York Times this week.Mixed RecordFranken will join a growing list of men accused of sexual misconduct as part of the MeToo movement who are now reentering public life. The track record is mixed.Comedian Aziz Ansari has toured the U.S. for the better part of the last year and released a new standup special on Netflix over the summer to largely favorable reviews. Louis C.K. has had a harder time and has required attendees of his performances to lock their phones or any recording devices so they don’t post any of the material.Franken was a high-profile member of the Senate, amplified by his career in comedy. A former writer for the sketch show “Saturday Night Live,” he was elected to the Senate in 2008 and re-elected in 2014. He was one of the most outspoken critics of President Donald Trump prior to Franken’s resignation.His biography on the UTA speaking website promises to give a rare, behind-the-scenes look at the Senate, and the current state of politics.“As we head into the 2020 elections, Franken will cut through the conventional wisdom and tell you how it really is,” the site reads. “For example, President Trump has a tendency to exaggerate or just flat out lie. Really.”To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TechCrunch
Netflix tests human-driven curation with launch of 'Collections'
Netflix is testing a new way to help users find TV shows and movies they'llwant to watch with the launch of a "Collections" feature, currently in testingon iOS devices
Market Realist
Is Netflix Losing Its Edge? Stock Continues to Slide
Since Netflix posted its Q2 results, its stock has fallen 18%. Could the streaming giant lose its disruptor position as new players enter the market?
Zacks
Top Analyst Reports for U.S. Bancorp, Duke Energy & Glaxo
Top Analyst Reports for U.S. Bancorp, Duke Energy & Glaxo
Simply Wall St.
Ross Stores, Inc. (NASDAQ:ROST): What We Can Expect From This Growth Stock
In May 2019, Ross Stores, Inc. (NASDAQ:ROST) announced its earnings update. Overall, it seems that analyst...
Zacks
3 Large-Cap Tech Stocks for Dividend Investors to Buy After Powell Update
As bond yields slip, we searched using the Zacks Stock Screener for large-cap technology firms that also pay a dividend. Here are 3 of the strong tech stocks that came through our screen this morning...
Market Realist
Vanguard, Capital Research Buy More Netflix Stock
The Vanguard Group, Capital Research Global Investors, and BlackRock Institutional Trust all raised their holdings in Netflix stock in the second quarter.
Motley Fool
What Lowe's Executives Want Investors to Know
The management team breaks down a second straight quarter of accelerating growth.