This past October, Cao Dewang, a billionaire from China, opened a new factory in Moraine, Ohio. VICE meets Dewang in Moraine, where Cao Dewang gives us a tour of the factory, and talks to us about his decision to open it, the business climate in the U.S. and the differences between American and Chinese workers (over lunch at a nearby Chinese restaurant he likes). We also talk to a factory worker who used to work for GM, but is happy about his new gig, and the mayor of the town, which suddenly has thousands more jobs than it did less than a year ago.
– U.S. Commerce Secretary Wilbur Ross discusses trade relations with China and Mexico and renegotiating the Nafta treaty as he states that the U.S. has “been in a trade war for decades.” He speaks with Bloomberg’s David Westin on “Bloomberg Daybreak: Americas.” Bloomberg Video
Donald Trump made some big promises to Michigan: bring back jobs and restructure trade deals. Will he deliver? Part of a year-long series, CNN’s Poppy Harlow talks with voters about which promises matter most to them.
The National Basketball Association and videgame maker Take-Two Interactive are launching a professional videogame league, the first videogame operated by a major U.S. sports league. WSJ‘s Lee Hawkins explains
Despite President Donald J. Trump’s almost daily use of Twitter to communicate with the American people, the social media giant posted its 10th consecutive quarter of lower revenue. WSJ’s Steven Russolillo analyzes the numbers on Lunch Break with Tanya Rivero.
Recent history has shown us that most companies that decide to declare war on President Donald Trump don’t end up on the winning side. Pepsi’s stock tumbled when its CEO decided to tell the world how unsafe she and her employees felt after Trump’s election, and Macy’s has seen its business go down the tubes since it decided to go after him. Nordstrom might be the next casualty after deciding to stop carrying Ivanka Trump’s brand of clothing and shoes.
According to the New York Stock Exchange, Nordstrom stocks have gone from a high of 61.49 in December down to a low of 42.78. Last week the retailer announced it would sever ties with the Ivanka Trump brand. Reuters reported that the decision was based on its performance. “We’ve said all along we make buying decisions based on performance,” Nordstrom said in a statement to The Associated Press last week….
The company also posted to social media that the move was not a political one. But one must wonder, after it was reported that the company sent an internal memo to employees offering company support for immigrants after President Trump’s temporary immigration ban. Stocks even took a dive Wednesday morning shortly after the president criticized the company for treating his daughter unfairly, CNBC reported. ( conservativetribune.com )