China hunts for ‘gray rhinos’; Trump’s NAFTA wish list; Women in tech tackle sexual harassment

Profitable Moment   Amazon: Abuse of power or fair competition? When is competition fair and when is it an abuse of power? Amazon's potential move into selling ready-prepared ingredients to make meals at home is the logical extension of its planned purchase of Whole Foods. But that is Blue Apron's entire business. The company IPO'd recently at $10 a share. Blue Apron is down almost 40% from its IPO, in large part because it looks like Amazon is about to encroach on its home turf. Fair competition? Or abuse of Amazon's vast resources? Whether it's Facebook incorporating Snapchat's features, or Instagram hoovering up ideas from competitors, these behemoths of the tech world are threating startups with the very power of their size.  This sort of competition is very difficult to regulate and monitor. It requires that authorities watch for predatory behavior and then ultimately sue the companies – like the EU did with Google (or the U.S. did against IBM and AT&T in years gone by). Of course, companies like Amazon must be allowed to enter new markets and offer competition. However, if that competition ultimately kills off the upstart and deters others from being creative, then a good old-fashioned abuse of power has been created and regulators must step in. Otherwise, we all lose out. -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Patrick Gillespie and Julia Horowtiz of CNNMoney 1. Trump's wish list for NAFTA President Trump's U.S. Trade Representative, Robert Lighthizer, published a list of objectives for the renegotiation of the North American Free Trade Agreement between Canada, Mexico and the U.S. It'll be a high stakes negotiation -- over 14 million U.S. jobs depend on trade with Canada and Mexico. More than $1 billion in goods and services cross both the U.S.-Mexico and U.S.-Canada border each day. However, all sides agree: NAFTA needs an update.   2. Stabilized China hunts for 'gray rhino' risks China's says its economy once again grew at 6.9% during the second quarter, precisely matching the pace of the first quarter. That's an uptick from the 6.7% growth of last year. Yet authorities in China are now being urged to watch for 'gray rhinos' -- obvious dangers that are often ignored anyway. That was the message from a front page article in The People's Daily, which warned regulators to "enhance the sense of urgency." Fears of a clampdown on risk, especially debt, caused small-cap stocks to plunge overnight in China.  3. Women in tech tackle sexual harassment Sexual harassment in tech is no longer being shrouded in silence. In the past three weeks, two powerful Silicon Valley investors -- 500 Startups' Dave McClure and Binary Capital's Justin Caldbeck -- have resigned over allegations of sexual harassment and issued broad apologies for their behavior. As a result, multiple women have come forward to share their own experiences. CNN Tech talked with six of them. 4. Emirates and FlyDubai team up as profits fall The next time you book an Emirates flight, you may end up on low-cost rival FlyDubai. The two state-owned airlines have announced an "extensive partnership agreement." It stops short of a merger, but allows the carriers to issue tickets for each other, coordinate schedules and launch new routes. The cooperative agreement will kick off at the end of this year. 5. Quick Takes: Where do Chinese millionaires want to move?  Horror movie legend George Romero dies at 77 Game of Thrones heats up as winter arrives  Delta and conservative pundit Ann Coulter are battling 6. What's next: Goldman Sachs vs. Bank of America: Tuesday's rundown of bank earnings reports features a match-up of Wall Street vs. Main Street. Goldman Sachs, the center of power on Wall Street, enjoyed a huge stock rally after the election. That trend has cooled and Goldman is down 4% this year. Bank of America, which is more focused on everyday Americans, has jumped 9% this year as investors bet on higher interest rates and fatter dividends. Earnings are also on tap from Harley-Davidson, UnitedHealth and Johnson & Johnson. Has United recovered from dragging incident? United was at the center of a firestorm last April after a passenger was dragged off an overbooked flight. The airline is scheduled to report results following Tuesday's closing bell. Airline interactions have come back into focus thanks to the fight between Delta and Ann Coulter mentioned above. Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. 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