We take a look at what a hard brexit might look like. President trumps political future among the topics front at center at bloombergs forum in new york. When you added together, i think what it leads to is not a recession, but a slow down growth globally, which is what we are experiencing. Carol more on that ahead. First up, here is editor joel weber on this weeks cover story. This is one of the hallmarks of businessweek, these strategy stories that we sometimes do. It is a look at how mcdonalds has been thriving for the past five years or so. Share price keeps going up under the ceo. In the past six months, he has really doubled down on tech. Carol that is something that i did not realize. He has made a bunch of acquisitions in ai, Voice Recognition technologies. Earlier this month was his latest. What we are seeing is mcdonalds transitioning from being a Fast Food Company to looking more and more like a tech company. There are cameras at drivethrough that can scan your license plate
Exchange, where we bring you todays market moving news from all around the world. Joining us from brussels, bloombergs maria tadeo, from london, ed evans, from the white house, Kevin Cirilli, and Michael Mckee joins me here in new york. First we want to start in brusselss maria tadeo. We are taking a look at euro area confidence falling to the weakest level since 2017. Maria tadeo joins us for more. Maria thats right. The numbers were particularly bad when it comes to industry. Trade uncertainty really weighing on prospects on the outlook. This is particularly bad for germany. This is a very export oriented economy. In europe, germany is coming under huge pressure to engage in fiscal stimulus to drop that black zero, no deficit policy. We are looking for any signs this is going to happen anytime soon. We are just not there yet. Has got to be, brexit. We are just four weeks away from what is supposed to be a hard deadline for a no deal brexit. Officials in brussels tell you the situatio
Steve theyre doing it as they recognize that the shortterm in china kind of remains with policy adjustments, but theyre borrowing from their future. Jason more on that conversation later on. Lets begin with the cover story. Its all about General Motors. The ceo is eyeing a tech future, but her most pressing issue right now, she has a lot of workers on strike. Carol she does and thats one of the deep dives into wellknown Global Companies in this weeks issue. Heres joel weber. Joel maybe youve heard of them, going through a bit of a labor strike right now, with a strike for strike in 12 years. But theres a bigger story. Thats what our cover story is about. Jason why now . Better to be lucky than smart, maybe, but youre very smart to deep dive, but nobody saw this coming. Joel we did a couple weeks ago. But is not about the strike. It provides a convenient news hook. We talk about strategies a lot and this is a strategy, a ceo trying to pivot her business and her Business Model and staff
Carol porsche unveiling its first ever electric car in a battle to steal the market that tesla built. We look at the taycan turbo. Jason our big story of the week, brexit. Boris johnsons do or die strategy to exit the eu was derailed and his plan for a general election was rejected. Carol what a week. Having bet everything on getting britain out of the European Union by october 31, now he really cant back down. Lets bring in our editor from london on whats next for the u. K. Prime minister and if he will need to delay brexit. What a week it was for Boris Johnson. How weakened is he as leader of the u. K. . Boris johnson is completely trapped. He has been british Prime Minister only six weeks and has already discovered that there is not a great deal that he can do. He is in charge of a government that has no majority at all in the house of commons, because not least, he decided to fire 21 members of his own party. He refused to follow his instructions. It is an extremely difficult situa
On the u. S. China trade war. Steve theyre doing it as they recognize that the shortterm in china kind of remains with policy adjustments, but theyre borrowing from their future. Jason more on that conversation later on. Lets begin with the cover story. Its all about general motors. The ceo is eyeing a tech future, but her most pressing issue right now, she has a lot of workers on strike. Carol . She does and thats one of the deep dives into wellknown Global Companies in this weeks issue. Heres joel weber. Joel maybe youve heard of them, going through a bit of a labor strike right now, with a strike for strike in 12 years. But theres a bigger story. Thats what our cover story is about. Jason why now . Better to be lucky than smart, maybe, but youre very smart to deep dive, but nobody saw this coming. Joel we did a couple weeks ago. But is not about the strike. It provides a convenient news hook. We talk about strategies a lot and this is a strategy, a ceo trying to pivot her business a