What We’re Watching: Trump’s Tweets Could Make You Rich

What We’re Watching: Trump’s Tweets Could Make You Rich

Chinese Pigs – Beyond a trade war with the US and unrest in Hong Kong, now Chinese officials are wrestling with an even more basic political problem. Pork is the favorite meat for many of China's 1.4 billion people, and some analysts treat pork consumption as an important indicator of the financial well-being of China's middle class. A serious outbreak of African Swine Flu is expected to push pork prices 70 percent higher over the second half of this year, which will hit ordinary Chinese pockets hard. By some estimates, half of China pigs have been culled, but there are also reports that some farmers have avoided the expense of slaughtering infected pigs, raising fears that the disease will continue to spread. The central government takes this problem seriously enough to call on local officials to boost large-scale hog farming. So far, China's "Year of the Pig" is just not going well.


Japan and its Neighbors – Japan may soon mix bad blood with toxic water. The Fukushima nuclear power plant, partly destroyed by a tsunami in 2011, will run out of space to store its contaminated water in the next three years, and Japanese authorities are reportedly considering a plan to dump the water into the Pacific Ocean. Both the South and North Korean governments are incensed by the idea, which they say would poison their seafood industries. Seoul has already summoned a Japanese embassy official over the issue. Japan and South Korea have already cut back trade and intelligence ties over Seoul's insistence that Tokyo atone for Japanese actions during its early 20th century occupation of Korea.

Volfefe - Since taking office, President Trump has tweeted more than 10,000 times, and the investment bank JP Morgan believes these messages can help investors make money. Introducing Volfefe, a portmanteau that combines the word "volatility" with the infamous "covfefe," a nonsense word Trump (accidentally?) tweeted late one night in May 2017. "The subject of these tweets," the bank writes, "has increasingly turned toward market-moving topics, most prominently trade and monetary policy. And we find strong evidence that tweets have increasingly moved US rates markets immediately after publication." One man's post-midnight fat-finger typing is another man's goldmine. "Bully" pulpit indeed.

The Photographs of Robert Frank – During the 1950s, photographer Robert Frank began a 10,000-mile odyssey across the United States that produced a landmark book of images entitled "The Americans." In an era when many Americans prided themselves on conformity, Frank provided stark visual evidence that life across the nation was far more varied and interesting. Nobility, ugliness, grace, racism, dynamism, and division jumped off each page. Some Americans were outraged. Others were mesmerized. The powerfully expressive images this Swiss-born American master created will continue to speak for themselves.

What We're Ignoring

Venezuela's Military Threat – Venezuela's President Nicolas Maduro has dispatched 150,000 troops to his country's border with Colombia "to defend our sovereignty and national peace by deploying our defense resources in full force." We're ignoring any threat of military action here because, even as Venezuela continues to make trouble for the Colombian government via backing for Colombian rebel groups, he's not about to start a shooting war. Maduro's political (and maybe personal) survival depends almost entirely on the loyalty of his military's officer corps, and he's unlikely to test that loyalty by putting its troops in harm's way.

CORRECTION: the original version of this piece incorrectly stated that the "Volfefe" index was a product of Morgan Stanley, rather than JP Morgan. We regret the error, but hey, at least we didn't think it was Bear Stearns.

Building on its previous commitment, Walmart is investing an additional $350 billion in products made, grown and assembled in America - supporting more than 750,000 new jobs by 2030. This pledge will aim to avoid more than 100M metric tons of CO2 emissions, advance the growth of U.S. based suppliers, and provide opportunities for more than 9,000 entrepreneurs to become Walmart suppliers and sellers through Walmart's annual Open Call.

"The people are stronger," pro-democracy demonstrators chanted as news broke that the Sudanese military had staged a coup Monday, overthrowing the joint civilian-military government and dashing hopes of democracy in the war-torn country.

The backstory. In 2019, Omar al-Bashir – a despot who ruled Sudan with an iron fist for 30 years – was deposed after a months-long popular uprising.

Al-Bashir was a bad guy: he cozied up to terrorists like Osama bin Laden and dropped barrel bombs on his own people. He also embezzled truck loads of money from oil production while millions of Sudanese went hungry, and oversaw a genocide in the Darfur region that left 300,000 people dead and displaced 1.6 million.

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As COP26 nears, the need for real climate action has never been more urgent. There are reasons for hope, but many scientists believe the ambitious goal of net zero emissions by 2050 is unattainable without immediate and significant change. Governments, financial institutions, and private sector companies alike have all recognized the need for a multistakeholder approach to solving this crisis of a lifetime.

Watch "Climate Crisis: Is net zero really possible?" a one-hour virtual livestream, hosted by GZERO Media and Microsoft as part of the Global Stage series, to hear scientists, corporate leaders and policymakers debate this question and offer critical perspectives on the way forward. Live on Tuesday, November 2nd at 11am ET, we'll break down what "net zero" means, take stock of where the world is on the path to carbon neutrality, and discuss critical steps needed to make real progress.

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Ian Bremmer's Quick Take:

Hey everybody and happy Monday. Back in the office, getting a little cool. So I've got my sweater going on. It's the first time I've had a sweater on. What do you do with that? Discussing fashion, as I talk to you about what is on my mind this week?

And what's on my mind this week, Facebook. Facebook is on my mind. It's a tough week for Facebook. There are all sorts of whistleblowers out there. There's testimony going on. There's calls for regulation. Everybody seems unhappy with them. Indeed, you even got the government relations types, Nick Clegg, who I've known for a long time back when he was a policymaker in the UK saying that the headlines are going to be rough, but we're are going to get through it. But I will say, first of all, I'm kind of skeptical that any of this goes anywhere in terms of impact on how Facebook actually operates.

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Turkey's Erdogan ups the ante with the West: Turkey's President Recep Tayyip Erdogan has declared diplomats from 10 Western countries "persona non-grata" after the group — which includes the US, France, and Germany — called on Ankara to release Osman Kavala, a Parisian-born Turkish businessman who's been held in jail since 2017 but hasn't been charged with a crime. Erdogan says that Kavala was involved in an attempted coup against the government in 2016. This latest move is a sign of Turkey's authoritarian drift in recent years, which has seen Erdogan's government increasingly crack down on opposition members as well as journalists. It also reflects Turkey's increasingly fraught relations with the West: things got particularly bad between Washington and Ankara after Turkey purchased missile defense systems from the Russians in 2019. The Council of Europe (the EU's leading human rights organization) had previously warned that Ankara has until November to release Kavala or it would impose "infringements," though it's unclear what those would be.

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ASEAN gets tough(ish) with Myanmar: The leaders of the 10-member Association of Southeast Asian Nations meet Tuesday for their annual summit with one notable absence: the head of Myanmar's military junta. It's a rare snub from ASEAN, a regional bloc that's gotten a lot of heat in the past for giving tyrants a free pass. The junta says ASEAN violated its traditional principles of deciding by consensus by disinviting its leader, and non-interference in domestic affairs for demanding the bloc's special envoy meet detained former leader Aung San Suu Kyi. For their part, the other ASEAN members have grown visibly alarmed at Myanmar's rapidly deteriorating political and economic situation since the February coup, and they're worried about the spillover effects of Myanmar becoming a failed state. More importantly, Myanmar is a big thorn in ASEAN's side as it walks a fine line between keeping warm ties with the US — which most members want cash and security from — and getting along with China, one of Myanmar's few remaining friends and viewed with suspicion by most ASEAN members over its South China Sea shenanigans.

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149: The concentration of carbon dioxide in the atmosphere reached a record-high 413.2 parts per million in 2020, 149 percent above pre-industrial levels. A new report by the UN weather agency released ahead of the COP26 climate summit found that last year's lower emissions due to COVID-related lockdowns had no impact on the overall amount of greenhouse gases causing global warming.

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Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, shares insights on US politics:

Why should all eyes be on the Virginia suburbs?

I'm here in the Washington, D.C. suburb of Arlington, Virginia, where the state will be having a gubernatorial election on November 2nd. The Virginia governor election is held in the year after the US presidential election typically, and is generally seen as a bellwether for how popular the incumbent president of the United States is. In 2009, the Republican candidate won by a commanding 16 points despite the fact that Virginia has been trending more and more Democratic in recent years due to the population growth here in the suburbs, which tend to be more blue than rural areas of the state.

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