| Tomorrow's the big day! A brand-new version of this newsletter – with more video and more of Quest's voice and global perspective -- will be launching in your inbox. You'll also get a special week-long preview of our daily Markets Now newsletter, beginning Friday, August 18. | | | Profitable Moment
Coming soon | | I have some bad news and some good news to give today. Let's start with the bad: This is the last daily QMB newsletter that we will be sending out. BUT before you weep, here is the good: We are launching a new weekly newsletter that will be more comprehensive in its place. It will arrive in your email box on Thursday and will be both a review of the week and a look forward to the week ahead.
It will be called, you guessed it: Quest's Profitable Moment.
Some things won't change – I'll still be providing my thoughts at the head of the newsletter.
Even better, you'll get an exclusive video Profitable Moment, not seen on my show, where I explain the latest goings-on in the world of business.
These are uncertain times for investors. Quest's Profitable Moment will help you make the best use of your time by offering analysis and experience to put stories into investor context.
Oh another thing won't change….how you can get ahold of me. Richard.Quest@cnn.com is my email. Anytime you write, I will read it. -Richard.Quest@cnn.com | | What's new... what's next
By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney | | | America's corporate leaders are running away from President Trump. The collapse of Trump's business councils this week is a stunning rebuke to a president who prides himself on being business friendly. It shows just how radioactive business leaders believe Trump is. The CEOs of JPMorgan Chase, Campbell Soup and Johnson & Johnson all called out Trump's response to the white nationalist rally in Charlottesville, Virginia. Trump long had a shaky alliance with big business. But this week marked a dramatic turning point. | | | Before Trump disbanded his two business councils, he started the day by attacking one of America's most successful companies. Trump tweeted that Jeff Bezos' Amazon is hurting "tax paying retailers" and many jobs were being lost. But Amazon has actually been adding lots of jobs. And even though Macy's and JCPenney are struggling, Walmart is thriving and Target is making a comeback. Plus, Amazon pays taxes -- nearly $2 billion in the past 12 months. | | | Mexico, Canada and the United States officially started renegotiating NAFTA, a trade pact, on Wednesday. Mexican and Canadian leaders want to "modernize" NAFTA, and touted the economic gains it's brought across North America. Trump's team took a different approach. After briefly complimenting NAFTA's impact on the U.S., Trump's top trade official, Robert Lighthizer, tore into the agreement's legacy. Lighthizer said NAFTA has failed millions of Americans and cost at least 700,000 U.S. jobs. Talks are expected to continue throughout the rest of the year. | | | America again owes more money to China than any other nation. China's vast holdings of U.S. government debt jumped $44 billion to $1.15 trillion in June, according to newly published U.S. Treasury Department data. China surpassed Japan, which had held the title of top creditor for eight months. But China's renewed appetite for U.S. debt has brought it back to the top. | | Young Indian engineer leaves Silicon Valley to find success back in India
U.K. unemployment is at a 42-year low. That's not as good as it looks
Talk of Chinese takeover sent Fiat Chrysler shares racing higher
Trump administration decides it will pay insurers a key subsidy this month
How corporate America responded to the violence in Charlottesville | | | Walmart in the hot seat: Wall Street is hoping Walmart's earnings report Thursday morning will show progress in its online fight with Amazon. Walmart CEO Doug McMillon may also face some tough political questions. Trump dismissed McMillon's criticism of him as a "political statement." The Walmart CEO must balance his diverse employee and customer base with a need to work with the administration in the future. | | | |
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