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Trump disbands economic councils as Charlottesville fallout continues

“The fallout from President Trump’s response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils” writes unknown author for usatoday.com. And as resignations began to mount and the story refused to wane, the CEOs on the policy forum began contemplating its future. Source: usatoday.com Share This:

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Ukraine Is Proving Key to the DNC Hack Investigation

“Hackers had loaded onto a Ukrainian election commission server a graphic mimicking the page for displaying results” writes Brian Feldman for nymag.com. Traces of the same code from that hack were found by researchers investigating the DNC. What’s interesting is that the Ukrainian election cyberattack revealed damning connections between the Russian government. Source: nymag.com Share This:

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Rejected by CEOs, Trump abruptly shutters two business groups

“Rejected by a broad swath of top CEOs over his incendiary comments on race, President Trump on Wednesday abruptly shut down his two key groups of outside business advisers” writes Erica Pandey for axios.com. Even before the group could make its official announcement, Trump tweeted: “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both.We are witnessing the swiftest, biggest big business rebuke/revolt of the Trump presidency. Source: axios.com Share This:

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Trump disbands business councils as CEOs flee after Charlottesville remarks

“Donald Trump was forced to disband two White House business councils disintegrating around him on Wednesday in the wake of his controversial remarks about the weekend violence in Charlottesville” writes Ben Jacobs for theguardian.com. Trump claimed in a tweet that this was his decision, writing: “Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Source: theguardian.com Share This:

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Charlottesville attack puts a spotlight on online hate

“Attention has turned to hate groups and the way they organize and spread online after a woman was killed during an attack on people protesting white supremacy in Charlottesville, Virginia” writes Photo Stephen Maturen for theverge.com. Following the attack, major web companies began changing or more strictly enforcing their policies to remove hate groups from their platforms. Meanwhile, President Trump’s failure to condemn the attack led to an exodus from and ultimately the dissolution of his private-sector advisory councils. Source: theverge.com Share This:

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Markets News 

Nokia 8 hopes to beat Apple and Samsung with ‘bothie’, a new version of the selfie

“Microsoft discontinued the Nokia brand for mobile phones in November 2014” writes Samuel Gibbs for theguardian.com. Nokia launched the world’s first smartphone in 1996 – the Nokia 9000 Communicator – and a series of popular smartphones using its Symbian operating system followed in the early 2000s.By 1998, Nokia had overtaken mobile phone pioneer Motorola to become the bestselling global mobile phone brand, manufacturing its 100-millionth phone by December that year, with revenues of $20bn (then £13bn) and 55,000 staff by the year 2000. Source: theguardian.com Share This:

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Heads-up News 

Sydney Trading Session Heads Up Wednesday, August 16, 2017

Sydney opening news digest Stunning rebuke for the CEO president The collapse of President Trump’s business councils this week signifies a stunning and unprecedented rebuke to a president who prides himself on being business friendly.   Day 1 of NAFTA talks: ‘This agreement has failed’ Leaders from the U.S., Mexico and Canada officially begin renegotiating NAFTA on Wednesday.   Racial justice group to Pepsi CEO: Dump Trump now Indra Nooyi, the CEO of Pepsi and one of the most powerful women and minorities in business, is being aggressively pressured by…

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The White House Is Under Siege

“Having long nursed a grudge over being viewed derisively by many business moguls, he reveled in inviting them to the White House” writes David A for theatlantic.com. The improbability of that happening is manifest in the case of Trump’s manufacturing and strategy councils, in which he would not sacrifice white identity politics to defend another of his top priorities. Source: theatlantic.com Share This:

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News Stocks 

Cisco’s revenue decreased in its fiscal Q4, but it edged past Wall Street’s target

“Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates” writes Becky Peterson for businessinsider.com.au. Even so, Cisco’s stock declined nearly 2% in after hours trading on Wednesday. Get the latest Cisco stock price here. Source: businessinsider.com.au Share This:

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Cloudflare has stopped protecting a widely-reviled neo-Nazi website from cyber attacks

“Cloudflare booted The Daily Stormer off of its paid service on Wednesday, a move that could leave the neo-Nazi website vulnerable to large scale cyber attacks” writes Becky Peterson for businessinsider.com.au. The company drew criticism earlier this week for continuing to support the neo-Nazi site even after other tech providers had stopped severed business ties with the site. Source: businessinsider.com.au Share This:

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