US-AMERICAS FRIDAYS

GEOPOLITICAL RISK+GLOBAL MARKETS

US-AMERICAS - IMPACT + OPPORTUNITY

The era of divided government in Washington begins, inauspiciously -The Economist

The Making of a Trade Warrior U.S. Trade Representative Robert Lighthizer wants to limit China’s influence, even if he has to break the American-made economic order to do it. -The Atlantic

The US-Brazil Relationship Must Be More Than Friendship With the election of Jair Bolsonaro, U.S.-Brazil relations stand to gain a great deal—but only if Trump makes a concerted diplomatic effort. -The American Interest

 GLOBAL BUSINESS

THE NEW CONGRESS MUST repeal all of Trump's new tariffs ASAP: CEI The new Congress should repeal all of the president’s new tariffs and prevent him from unilaterally enacting new ones. Doing so would help prevent a possible recession, benefit both consumers and American industry, while strengthening needed foreign alliances. The process can, and should, begin now. -Foxbusiness

Apple Cuts Revenue Forecast Because of Slow iPhone Sales in China -NYT

Apple is basically blaming Trump’s trade war for disappointing iPhone sales in China But that’s not the only reason people are buying fewer iPhones. -Recode

The trade war is already over “I think personally that the trade war is coming to an end and there is really nothing Trump can do about it” -Politico Money

Cyber attack hits U.S. newspaper distribution A cyber attack caused major printing and delivery disruptions on Saturday at the Los Angeles Times and other major U.S. newspapers, including ones owned by Tribune Publishing Co (TPCO.O) such as the Chicago Tribune and Baltimore Sun. -Reuters

Former NYT editor claims publisher drafted letter “all but apologizing” to China for tough story -FastCompany

Senator Warren slams former Senator Lieberman for ZTE lobbying gig Democratic U.S. Senator Elizabeth Warren, who is eyeing a presidential run, blasted former Senator Joseph Lieberman for becoming a lobbyist for ZTE Corp, a Chinese telecommunications equipment maker accused of ties to China’s government. -Reuters

Is It Netflix’s Turn in the Barrel? For a tech giant that delivers TV over the internet, the company hasn’t faced much criticism, but that grace period could be ending. As a long-time observer of technology companies, the Netflix response has a we-can-have-it-both-ways scent that feels distinctly pre-2016 for other tech companies. Even as the Netflix bowed to the government pressure, they ask to be seen as heroes of the arts. -The Atlantic

Saudi Arabia Won't Be the Last Country to Censor Netflix -Wired

U.S. craft distillers say Trump trade war with Europe is killing export plans Washington’s trade dispute with Europe may have faded from the headlines in recent months, eclipsed by grander tensions with China, but the fallout continues for many companies around the country that have long targeted Europe as an achievable export market. -NYT

NRA Goes International in Its Mission to Defend Guns The American lobby forges ties in Australia, Brazil, and Russia. -Businessweek

GLOBAL MACRO

Here’s How Powell Regains Control of the Fed’s Narrative He must re-establish the central bank as a source of market stability, not volatility. -Bloomberg

Venezuela’s Lessons for American Socialists There may be a right way to do socialism, but this sure isn’t it. It’s important for other countries — including wealthy ones like the U.S. — not to ignore Venezuela, but to use it as a cautionary tale. Politicians like Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez have embraced socialism, as have many young Americans. But what are the lessons of Venezuela? Why did the country become such a basket case? -Bloomberg

Despite U.S. hopes, Bolsonaro sends mixed signals on China strategy China surpassed the U.S. to become Brazil’s largest trading partner in 2009, driven by Chinese appetite for soybean and mineral products. Chinese investment flows in Brazil surged to a 7-year high of nearly $21 billion in 2017. Bolsonaro's nationalist inclinations and skepticism of Chinese communism will be constrained by the hard realities of China's importance to Brazil's economy, and its prognosis for recovery. -Axios