2016年5月5日星期四

CORRECTED: Thursday Morning Briefing: Don't everybody jump at once

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CORRECTION: The entry on the London mayoral election should have read that Boris Johnson is, of course, a proponent of Brexit and not an opponent. We are ashamed and embarrassed by this mistake. Forgive us.

He's talked about building walls. Now Donald Trump has to build bridges. Having vanquished his final rival, John Kasich, Trump's next challenge is to build a coalition to win the presidency. Some Republican leaders climbed on board quickly, if not enthusiastically. But there was no mad rush to support him as is typically the case when a presumptive nominee is crowned. Conspicuously quiet were most of his rivals for the nomination.

 

Speaking of walls, Trump's plan to round up and deport all of America's undocumented immigrants could shrink the economy by around 2 percent. And that's from a study by a conservative think tank.


The United States and Russia extended a "cessation of hostilities" agreement in Syria to include Aleppo. It had about as much impact as a nun in a meth lab. The fighting continued a day after dozens were killed in a day-long battle in the country's largest city. Meanwhile, the Syrian government is refusing U.N. demands to deliver aid to hundreds of thousands of people.


Digits of the day:

500,000

 

Tesla Motors is stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule. But spending would rise accordingly – 50 percent more than its previous forecast this year. The market didn't seem to mind. Shares rose 5 percent.

 


She's a dog

A woman and her dogs stop and look at a store mannequin wearing a dog's head mask outside a fashion shop in Nice, France, May 3, 2016. REUTERS/Eric Gaillard


 

Around Wall Street

  • After $13 billion in state and federal spending, the nation's first bullet train – connecting San Francisco to Los Angeles and due to be completed in 2029 – was supposed to inspire similarly government-financed projects. Instead, rail groups endured years of lawsuits and political battles before their project finally broke ground. For similar projects in Texas, Minnesota and Nevada, they’re eschewing public money in favor of private cash.
  • India is blocking Apple's plan to import refurbished iPhones, underscoring the country's "Make in India" initiative to protect its manufacturing sector. It also deals a blow to Apple's efforts to revive waning sales in emerging markets.
  • Bangladesh's central bank chief will meet the head of the Federal Reserve Bank of New York and a senior executive from global financial messaging service SWIFT next week to seek the recovery of about $81 million stolen by hackers. The Bangladesh bank believes both the New York Fed and SWIFT bore some responsibility for the February cyber heist.

Around the world

  • London goes to the polls to pick a new mayor. The reason you should care is that whoever wins has a fair amount of influence over the future of Britain's role in the European Union. The frontrunner, Labour's Sadiq Khan, would replace Conservative Boris Johnson, a vociferous proponent of Brexit. Hat tip to Reuters' own Jamillah Knowles. You should check out the liveblog she's running on the British elections.
  • The Canadian oil town of Fort McMurray has been virtually leveled by a forest fire that has forced 88,000 people from their homes, burned 1,600 structures to the ground and now threatens the city's airport.
  • China and Russia will hold their first joint computer-assisted anti-missile drill, after the United States and South Korea discussed an anti-missile defense system for the South to counter threats from North Korea.

Around the country

  • Federal authorities told North Carolina's governor that a new state law limiting restroom access for transgender people violates the Civil Rights Act. The state had until Monday to say whether it would remedy the violations.
  • Planned Parenthood sued the state of Kansas over its plan to strip the women's health organization of government healthcare funding. The state has among the most restrictive abortion laws in the country. Efforts to cut government funding to Planned Parenthood have failed in Utah, Ohio, Alabama and Louisiana.
  • President Barack Obama assured angry residents in Flint, Michigan, that their children would be fine in the long term despite the "complete screw-up" that contaminated their drinking water with lead.

Today's reason to live

Gregory Isaacs – Lonely Man

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