Tuesday, June 11
Does the Governor Own a Coal Company? West Virginia Governor Jim Justice Takes Aim at Mike Bloomberg’s Beyond Coal Campaign (West Virginia Metro News)
Answer: The governor owns more than a dozen coal mining companies in five states with his children and is ranked the wealthiest person in West Virginia, with a net worth $1.5 billion.
Trump says ‘Coal is Back’ as U.S. Coal Consumption Drops to 41-Year Low (CBS News)
Vision of the Future: How China Overpowered the U.S. to Win the Battle for Rare Earths — With a Decision 30 Years Ago (Bloomberg)
UK Leadership Race: Record Field of Ten Tory Candidates Bid to Succeed Theresa May as U.K. Leader (Bloomberg)
From Thursday, Conservative MPs will whittle down the field to just two in a series of votes. The final pair are then put to a postal ballot of the party’s 160,000 members, with the new prime minister to be announced in the week of July 22.
Few Details: How the Tory Rivals for PM Reckon They Can Fix Brexit (Bloomberg)
Economy Watch: The Fear Gauge Is Sounding an Alarm Even as U.S. Stocks Surge (Bloomberg)
It’s unusual for the Cboe’s VIX to stay high while stocks rally.
Financial Data Today: Alt Data Investments Continue Their Rapid Rise (Markets Media)
More firms are seeing increasing value in alternative data as they continue to grow their budgets for the non-traditional financial data significantly, according to a recent study published by industry analysis firm Greenwich Associates.
Tech Headlines: Record London Tech Investments Show Scale of U.K.’s North-South Divide (Bloomberg)
London’s startups have seen $3.3 billion in VC funding so far this year, and the capital accounts for 80% of all tech investment in the U.K.
Foxconn on Tariff Threats: Apple’s U.S. iPhones Can All Be Made Outside of China If Needed (Bloomberg)
Why Nancy Pelosi Hasn’t Returned Mark Zuckerberg’s Call (Washington Post)
She’s reportedly frustrated with how Facebook handled a manipulated video clip of remarks by the speaker.
Climate Today: Flooded Rivers in U.S. Midwest Paralyzes Shipments of Grain, Fertilizers and Construction Supplies (New York Times)
Hurricane Season Forecast: U.S. More Vulnerable to Economic Damage from Natural Disasters than Any Other Nation (Bloomberg)
The Power of Partnerships: Lessons Learned in Recovery and Rebuilding in the U.S. Virgin Islands (Bloomberg.org)
Transparency Today: Bloomberg Media Initiative Africa Expands Financial Journalism Training Program to Five New Countries (Bloomberg press release)
Following success in Nigeria, Kenya and South Africa, Bloomberg’s financial journalism training program is expanding to Côte d’Ivoire, Ghana, Senegal, Tanzania and Zambia.
In making the announcement, Mike Bloomberg said: “Reliable, accessible financial reporting is critical to driving sustainable economic growth and good governance. The expansion of the Bloomberg Media Initiative Africa to five new countries will significantly further our mission to advance financial journalism and transparency on the continent.”
Must-See Photos: New York City’s Evolving Skyline (New York Times)
New York’s skyline looks starkly different than it did a decade ago, redrawn by the massive Hudson Yards project on the West Side of Manhattan; a profusion of towers in Midtown; and the revitalization of Lower Manhattan, with One World Trade Center leading the way.
Best of late night.
On the Democrats’ weekend gathering in Iowa that featured 19 candidates delivering speeches at a three hour forum:
“Little-known fact: A group of Democrats that large is called a Whole Foods.”
— Stephen Colbert
On Democratic front-runner Joe Biden’s decision to not attend the Iowa forum. He attended his granddaughter’s high school graduation instead:
“But don’t worry — nothing bad ever happens when the Democratic front-runner decides not to go to a swing state.”
— Stephen Colbert
On the U.S. government giving mobile phone companies the power to block robocalls:
“I do feel bad for the robots. They come into this world thinking they’re going to be the terminator or a transformer, but instead they get stuck in some job making calls about carpet cleaning and solar panel rebates.”