- In the day -day CEO today: Diane Brady in the mood at the Milken Conference.
- The Big Story: Trade talks between the US and China are scheduled.
- The markets:Asia is up but the groceries in the west have dropped.
- Analyst notes From a movie tax wedbush, Ark has invested in Spacex, Oxford Economics on Services, and Macquarie in China.
- Plus: All news and watercooler chat from Fate.
Good morning. The will at the annual Milken Institute Global Conference has felt this year's emotional shock. There is a founder Michael Milken's Keynote AddressOnly his third since the start of the gathering in 1998. He talked about investing in children, partnerships, and the American Dream. I am changing a Talking about creativity, change, and luxury Where I saw architect/designer Thomas Heatherwick moved at least one member of the audience in tears in his discussion about the space centered on man while getting a little choked himself by praise from hotel pioneer Ian Schrager. To another Talking with investors and leaders of the Middle EastI was hurt by the panelists' desire to invest in their own region and people.
Outside the stage, many talked to me about the stress and challenge of navigating this environment. The head of the business is there that foreign vendors have stopped working until they get clarity in tariff policy: “In terms of supply, this could be the worst holiday season in years.” A fund manager is angry with their Ivy League Alma Mater that they can skip a nephew's end ceremony. A philanthropist saw their work unchanged as a public-sector-sector partner scaled. Some first-time delegates are inspired by providing models that they expect to replicate at home.
Meanwhile, the last ships filled with no tariff goods pull the port of Los Angeles, the busiest container port in North America. Tariffs now bring a dramatic activity to the US ports. When Trump appeared at a meeting with Canadian prime minister Mark Carney yesterday, saying his administration was “no need to sign a deal,” the stocks were sinking. Someone, in this place of the financiers group may have decided it was a good time to buy.
More news below.
Contact the CEO day -day by Diane Brady at Diane.brady@fortune.com
This story was originally featured on Fortune.com
