Pacific Business Insider — May 6, 2016
Trump vs. (Everyone) | Ohio, obs | Abe + Putin | North Korea | Iger meets Xi | Lithium | Platinum | Giro d’Italia
May 6, 2016
Curration and commentary from Marc A. Ross || @marcaross
GOP experts choose exile over Trump: The Hill reports, throngs of GOP foreign policy officials remain unwilling to support Donald Trump as the party’s presidential nominee, with many of them preparing for a self-imposed exile from presidential politics.
No love lost between Trump and Republican national security experts
McClatchy
Ryan: ‘I’m just not ready’ to back Trump | Trump: I’m not ready to support Speaker Ryan’s agenda
How Ryan decided to ditch Trump: The speaker did not expect Trump to clinch the nomination so soon and huddled quickly with advisers to plot his break.
Politico
Some are saying this is all about 2020, I think it has more to do with 2016. Ryan doesn’t want to lose the House and needs to make sure Representatives like Barbara Comstock (VA-10) get re-elected.
Republican turnout this primary season is up 64% over 2012 levels with participation accelerating in recent months as voters in big states got a rare shot to play a meaningful role.
On the campaign trail today: Clinton will be fundraising in California. Trump will campaign in Nebraska and Oregon.
Mo’ money: The three surviving candidates gunning to win the 2016 U.S. Presidential election are all open to minimum wage reform of some kind.
Trumpology: There are five people who’ve gone deeper on The Donald than anyone else alive. We brought them together for the definitive conversation about who he really is.
Politico
Mary Matalin registers as Libertarian, says ‘I’m a provisional Trumpster’
Trump’s map: Where he needs to win
The Hill
Guess what, Ohio is on the list.
Hitting newsstands: Trump’s triumph — America’s tragedy
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The aspiring novelist who became Obama’s foreign-policy guru: How Ben Rhodes rewrote the rules of diplomacy for the digital age.
NYT Magazine
Japan’s Prime Minister Shinzo Abe will hold talks with Vladimir Putin today, in a rare meeting by a G7 leader that attempts to end Russia’s isolation since it intervened in Ukraine more than two years ago.
Finance in China — Big but brittle: China needs to free up its financial system, even if it hurts, says Simon Rabinovitch.
Economist
North Korea congress kicks off with embrace of nuclear arms: WSJ reports, North Korea began its highest-level political gathering in more than three decades with a message of nuclear defiance to the U.S. in its state media but a blackout on information from the event.
Some 130 journalists flocked to North Korea at the express invitation of the Pyongyang authorities to cover the opening on Friday of a rare ruling party congress.
Philippine leader Benigno Aquino called Friday on the trailing presidential candidates to unite against frontrunner Rodrigo Duterte, in a sensational finale to one of the nation’s most divisive election campaigns.
Singapore becomes a hotbed for ‘fintech’: FT reports, government support and financial experience make city-state fertile ground
US employers added 160K jobs in April; jobless rate 5%.
Canada lost 2.2K jobs in April; jobless rate held steady at 7.1%.
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General Motors and Lyft will begin testing a fleet of self-driving Chevrolet Bolt electric taxis on public roads within a year.
Apple ramps up business push for iPhone: FT reports, tie-up with SAP follows links with IBM and Cisco Systems.
THR: Iger meets Xi ahead of Shanghai theme park opening
NYT: Facebook has 50 minutes of your time each day. It wants more. That means more than one-sixteenth of the average user’s waking time is spent on Facebook.
Users spent an average of nine minutes on all of Yahoo’s sites, two minutes on LinkedIn and just one minute on Twitter.
AFP: Toshiba hires new chief to steer past accounting scandal
Rio Tinto will start work on a $5.3 billion expansion of its Oyu Tolgoi copper and gold mine in Mongolia after years of gridlock over the controversial project.
Apple is looking at a 800k foot space for its rumored autonomous car project, according to Victor Coleman, CEO of California-based Hudson Pacific Properties.
According to Reuters, Cook will meet with “senior government and Communist Party leaders — including officials in charge of propaganda” next month.
Tesla Motors, shaking up the auto industry with its battery-operated cars, is now reshaping lithium markets, too. Also, Rise of electric cars and fall of diesel may have negative impact on platinum industry.
Exxon Mobil is expected to enter the final phases of returning its Torrance refinery in California to full operation this weekend, LAT reports.
Amazon doubles size of air cargo fleet: FT reports, company leases 20 Boeing 767 jets from Atlas Air Worldwide.
Apple Music offers 50% discount plan for students, offering them streaming access for $4.99 per month in the US.
Sixty-eight percent of American moms use Instagram daily.
Add me on Snapchat @ username: marcaross
Song of the Day = “Days Gone By” by Eastern Sun And John Kelley
Spin here.
The Giro d’Italia, an annual stage race bicycle race primarily held in Italy, begins today. AFP reports, the Giro d’Italia is known for its vertiginous climbs, and though the 2016 route features a few more sprinter-friendly stages than usual, there are still ample cols for the mountain goats. This May’s race offers six mountaintop finishes, three of which are at high altitude (Alpe di Siusi, Risoul, Sant’Anna di Vinadio), with the remaining three in the ‘medium’ mountains of Roccaraso, Sestola, and Andalo.
Follow the Giro d’Italia here: http://www.giroditalia.it/eng
Edited by Marc Ross
Feel free to send me an email with news, gossip, investment leads, and/or restaurant tips — marc@caracal.global
