Good Friday. Want this by email? Sign up here.
Amazon yesterday canceled its plans to build a huge corporate campus in New York City.
• The decision was an abrupt turnabout after a yearlong search for a second headquarters. The tech giant ultimately decided to open two new sites — in Queens and in Virginia. Each would have gained an estimated 25,000 jobs.
• But Amazon faced a backlash in New York from lawmakers, activists and union leaders who said it didn’t deserve nearly billion in government incentives.
• “The company made its decision late Wednesday, after growing increasingly concerned that the backlash in New York showed no sign of abating and was tarnishing its image beyond the city,” J. David Goodman of the NYT writes.
• “Looking at the opposition and the timeline we decided we don’t want to work in this environment in the long term,” Jodi Seth, the head of policy communications for Amazon, told NBC News.
This could be a turning point for corporate-civic relations. It will surely change how companies think about doing business in certain states and cities. It’s also likely to make political leaders — especially in Democratic regions — reconsider offering tax incentives to lure business. (One big question here: Should states and cities be allowed to offer subsidies to business in the first place?)
It’s also a clear sign that leftist views are gaining traction. The news is a short-term win for progressive politicians like Representative Alexandria Ocasio-Cortez, who are championing what they say are socialist messages. (Ms. Ocasio-Cortez appeared to revel in the decision on Twitter, saying that “anything is possible.”) But in the longer term, those lawmakers may face a backlash if the loss of those 25,000 jobs in Long Island City hurts the local economy.
And it raises questions about the wider understanding of finance. “N.Y.C. wasn’t handing cash to Amazon. It was an incentive program based on job creation, producing tax revenue,” Andrew tweeted. “There isn’t a billion pile of money that can now be spent on subways or education.”
More: The news came as a shock even to some of the labor groups that opposed the plans. Here’s what people are saying about the decision in New York City. Real-estate brokers are in despair. And tech could keep gaining ground in the city regardless.
President Trump looks set to sign a bipartisan deal as soon as today to provide funding for border security and the federal government. But he’s also expected to declare a national emergency to get more money to build his long-promised border wall.
Everything nearly fell apart yesterday. “The president was frustrated after a briefing by Homeland Security Secretary Kirstjen Nielsen and others on details of the final deal to avoid a shutdown,” the WaPo reports, citing unnamed officials involved in the discussions. But assertions by the Senate majority leader, Mitch McConnell, that the president had actually beaten Democrats helped sway Mr. Trump.
By declaring a national emergency, Mr. Trump is hoping to gain access to billions more in federal funds. Combined with the spending bill and other ways of diverting money, he expects to get about billion. (He originally asked for .7 billion from Congress.)
There are huge concerns about the declaration. “Mr. Trump’s willingness to invoke emergency powers to circumvent Congress is likely to go down as an extraordinary violation of constitutional norms — setting a precedent that future presidents of both parties may emulate to unilaterally achieve their own policy goals,” Charlie Savage of the NYT writes.
What next? House Democrats will probably try to terminate any declaration and the Senate may follow suit, Nicholas Fandos of the NYT writes. But Mr. Trump would veto that legislation, and it’s unlikely that Congress could override him. The White House could face legal battles over the declaration for years.
The social network is in talks with the Federal Trade Commission to settle allegations of privacy violations. It could lead to a record multibillion-dollar fine, Cecilia Kang of the NYT writes:
• “The company and the F.T.C.’s consumer protection and enforcement staff have been in negotiations over a financial penalty for claims that Facebook violated a 2011 privacy consent decree with the agency.”
• The investigation began shortly after the Cambridge Analytica data scandal came to light in March 2018.
• “Some F.T.C. officials have pressed for maximum penalties because of several new reports of potential privacy breaches since the start of the investigation. The agency can seek up to ,000 for each violation found by the agency. In the case of Cambridge Analytica, 87 million people were affected.”
• “The current talks have not yet reached the F.T.C.’s five commissioners for a vote and it is unclear how close the two sides are to wrapping up the nearly 11-month investigation.”
More Facebook news: The social network reportedly uses its apps to track people that it believes are risks to its employees.
Negotiators concluded talks today with no official announcement of an agreement, Keith Bradsher of the NYT reports. That leaves the state of the negotiations uncertain ahead of a deadline in two weeks.
• “The two sides have been struggling with more than 100 issues raised by the United States in a lengthy statement given to Chinese officials in May.”
• Expectations for the talks were low, though some progress was made in the prelude to this week’s discussions. For example, China agreed to disclose more of its government subsidies to the World Trade Organization.
• But big hurdles remained, Mr. Bradsher writes, including “the Trump administration’s desire to put meaningful restrictions on China’s ability to keep investing enormous sums of money from the government, and from government-affiliated financial institutions, in a wide range of advanced manufacturing sectors that compete with American industries.”
• “The United States had given China a March 2 deadline toward reaching a deal and threatened to raise tariffs on 0 billion worth of Chinese goods to 25 percent from 10 percent. But Mr. Trump suggested this week that he could give China more time if the talks showed progress.”
• It’s unclear whether the talks went far enough for that extension to be granted.
The British Prime Minister suffered an embarrassing defeat over Britain’s exit from the European Union last night, Stephen Castle of the NYT reports.
Her current plan lacks support. “By a margin of 303 to 258, lawmakers failed to support a motion endorsing the government’s battered strategy,” Mr. Castle writes, noting that “a fragile truce within her Conservative Party collapsed.”
That could undermine her negotiations in Europe. “Mrs. May has assured European negotiators that she can get a majority for a revised Brexit plan, if they make some concessions,” Mr. Castle notes. But yesterday’s vote suggests that lawmakers still can’t coalesce around a single plan, leaving the E.U. with little incentive to budge.
What now? British officials are “preparing to compromise on their demands for a rewrite of the Brexit agreement,” and may not ask the E.U. to reopen the existing withdrawal agreement, Bloomberg reports, citing an unnamed person familiar with the matter.
But she’s short on time. On Feb. 27, lawmakers are expected to try again to take control of the process out of Mrs. May’s hands. That gives her two weeks to develop a plan that Parliament likes. Given the lack of progress to date, that looks like a tall order.
More Brexit news: Brussels rejected calls for dual-listed shares in London and the E.U. in the event of no deal.
The New York Stock Exchange took the S.E.C. to court yesterday over a so-called Transaction Fee Pilot program that sorts listed stocks into categories with varying price controls. In a WSJ op-ed, Stacey Cunningham, the exchange’s president, explains why:
• “The new rule amounts to an unnecessary exercise in government price-setting that will add a new layer of complexity to equity markets.”
• “The Transaction Fee Pilot imposes government control on the incentives that public markets can offer. Market-maker benefits will be sharply reduced for some securities and fully eliminated for others.”
• “The N.Y.S.E. voiced its concerns to the S.E.C. during its public-comment period. We argued that the pilot will undermine the ability of market forces to drive capital formation and will fail at its goal of measuring broker conflicts.”
• “The S.E.C. freely admits it has no idea whether its pilot program will help or harm investors. This is a black flag that should worry the White House. The stock market is not a simulation. We operate in a real-world environment with investors’ real dollars.”
David Bronczek will step down as FedEx’s president and as a director, weeks after joining its board.
Tim Maly will retire as SurveyMonkey’s C.F.O. and C.O.O.
The Chinese ride-hailing service Didi Chuxing reportedly plans to cut 15 percent of its work force, or about 2,000 people.
• Carl Icahn has reportedly taken a 10 percent stake in Caesars Entertainment and plans to push the casino operator to sell itself. (WSJ)
• Ford Motor and Volkswagen are said to be near a deal to create an autonomous car venture that would be valued at billion. (Bloomberg)
• Berkshire Hathaway has taken a stake in Suncor Energy of Canada and bought more shares in JPMorgan Chase and Bank of America. It also trimmed its holdings in Apple. (Reuters, Bloomberg)
• Spotify says it spent 0 million to buy the podcasting start-ups Gimlet Media and Anchor. (TechCrunch)
Politics and policy
• The Senate confirmed William Barr as attorney general. (NYT)
• The Fed is reportedly close to figuring out how to sell its trillion asset portfolio. (WSJ)
• Andrew McCabe, the former No. 2 at the F.B.I., said that Justice Department officials discussed an attempt to remove President Trump from office using the 25th Amendment. (NYT)
• The Economist weighs in on “millennial socialism”: “This swing within the left is not necessarily a new path to power. Indeed, many caught up in it fear quite the reverse.” (Economist)
• The U.S. push against Huawei hardware is difficult because carriers simply like it too much. But that isn’t stopping Samsung from doubling down on network equipment to take advantage of the situation. (WSJ, Reuters)
• OpenAI, the nonprofit machine-learning company backed by Elon Musk, has developed a system capable of writing whole articles. But it won’t make the software fully public because of its ability to generate reams of compelling fake news. (MIT Technology Review)
• Google’s Sidewalk Labs reportedly plans to expand its operations in Toronto. (Star)
• The O.E.C.D. is trying to work out where Big Tech’s profits should be counted — and, by extension, which nations should reap the tax revenue. (WSJ)
• Could China use medical data to blackmail you? (Bloomberg)
Best of the rest
• Michael Sanchez, the brother of Lauren Sanchez, with whom Jeff Bezos had an affair, denied any involvement in leaking their text messages. (Vanity Fair)
• XPO Logistics plans to close the warehouse where some pregnant workers miscarried. (NYT)
• A former Goldman Sachs banker, Roger Ng, who is charged with fraud in the 1MDB case, will return to the U.S. (NYT)
• PG&E’s bankruptcy highlights some of the big issues in green investing. (WSJ)
• The 10 highest-paid hedge fund managers made a combined .7 billion in 2018. (Bloomberg)
Thanks for reading! We’ll see you next week.
We’d love your feedback. Please email thoughts and suggestions to firstname.lastname@example.org.
【于】【是】【李】【严】【在】【洛】【兰】【的】【帮】【助】【下】，【成】【功】【完】【成】【了】【前】【世】【歌】【曲】【的】【本】【土】【化】，【让】【洛】【兰】【大】【吃】【一】【惊】【李】【严】【的】【摇】【滚】【灵】【魂】【居】【然】【这】【么】【恐】【怖】。 【带】【着】【这】【些】【歌】【曲】，【李】【严】【前】【去】【参】【加】【了】【星】【能】【城】【好】【声】【音】，【让】【裁】【判】【也】【就】【是】【王】【二】【的】【大】【弟】【子】【大】【呼】【简】【直】【是】【触】【动】【心】【灵】【的】【节】【奏】，【只】【不】【过】【歌】【手】【似】【乎】【有】【些】【放】【不】【开】，【歌】【手】【的】【呐】【喊】【还】【不】【够】【深】【入】【灵】【魂】。 【最】【后】【王】【二】【的】【大】【弟】【子】，【还】【是】【让】【这】【位】
“【很】【遗】【憾】，【年】【轻】【时】【就】【有】【这】【样】【的】【成】【就】。” 【中】【年】【人】【叹】【了】【口】【气】，【眼】【中】【的】【愤】【怒】【变】【成】【了】【对】【孙】【良】【的】【怜】【悯】。 【毕】【竟】，【整】【个】【大】【陆】，【也】【找】【不】【到】【几】【个】【能】【拿】【这】【一】【招】【的】，【更】【别】【说】【一】【个】【年】【轻】【人】【了】。 【孙】【良】【挣】【扎】【着】【站】【直】【了】【身】【子】。【表】【面】【上】【看】，【他】【在】【这】【一】【轮】【中】【似】【乎】【没】【有】【遭】【受】【太】【多】【痛】【苦】。 【但】【事】【实】【上】，【孙】【亮】【的】【内】【脏】【所】【受】【的】【内】【伤】【远】【比】【他】【的】【外】【伤】【严】【重】。【这】精准会员三肖期期提前公开骆验证“【许】【总】！【你】【的】【报】【价】【还】【是】【有】【点】【低】！” “【我】【们】【最】【希】【望】【一】【鸣】【集】【团】【公】【司】【打】【包】【兼】【并】【庐】【州】【市】【机】【床】【厂】，【不】【解】【决】【工】【人】【就】【业】【的】【问】【题】【是】【不】【行】【的】！” “【打】【包】【兼】【并】【的】【价】【格】【应】【该】【要】8000【万】【元】。【否】【则】，【我】【们】【没】【法】【跟】【上】【级】【领】【导】【交】【代】！” 【这】【时】，【田】【冲】【和】【刘】【主】【任】【等】【人】【开】【始】【还】【价】。 【他】【们】【认】【为】【第】【一】【种】【方】【案】【不】【适】【合】，【那】【些】【库】【存】【下】【来】【的】【万】【能】【小】【铣】【床】
【百】【战】【与】【星】【辰】【来】【到】‘【月】【满】【西】【楼】’【外】，【极】【君】【熠】【正】【在】【看】【着】【高】【耸】【入】【云】【的】【楼】【宇】【出】【神】。 “【极】【君】【熠】” 【星】【辰】【轻】【唤】【了】【一】【声】。 【极】【君】【熠】【听】【到】【星】【辰】【的】【声】【音】，【心】【中】【一】【动】。 【回】【身】【一】【看】，【确】【见】【星】【辰】【和】【百】【战】【并】【肩】【而】【战】，【眼】【神】【不】【禁】【冷】【冽】【起】【来】。 “【本】【太】【子】【的】‘【月】【满】【西】【楼】’【还】【未】【建】【成】，【不】【能】【邀】【二】【位】【做】【客】，【待】【来】【日】【建】【成】【之】【时】【定】【当】【请】【二】【位】【前】
“【当】【然】，【你】【是】【怎】【么】【改】【变】【主】【意】【的】?”【你】【知】【道】，【头】【是】【傲】【慢】【的】。【即】【使】【你】【足】【够】【强】【大】，【你】【也】【不】【会】【向】【他】【低】【头】。【我】【到】【欧】【洲】【来】【的】【时】【候】，【没】【想】【到】【你】【会】【接】【受】【他】。【多】【年】【来】，【特】【莎】【很】【了】【解】【马】【克】【斯】。 “【即】【便】【如】【此】，【他】【也】【是】【人】。【只】【要】【是】【人】【就】【有】【弱】【点】，【马】【布】【斯】【也】【是】。” 【张】【成】【停】【了】【下】【来】，【对】【她】【说】:“【马】【库】【斯】【充】【满】【了】【希】【望】。【我】【给】【了】【他】【希】【望】，【他】【无】【法】【拒】【绝】