1) The Future of Autonomous Vehicles | Nvidia CEO Full Interview
The future really is now—or at least sooner than it seems, according to Nvidia CEO Jensen Huang. Speaking at Fortune Brainstorm Tech in Las Vegas, Huang, a co-founder of Nvidia, the gaming giant turned artificial intelligence powerhouse, said the full expression of the technology is a mere decade away. NASDAQ: NVDA (domain: nvidia.com).
2) Uber’s Self-Driving Trucks Are Delivering Cargo for Real Customers
Fortune Magazine video above published Mar 6, 2018: Uber’s self-driving trucks moving consumer goods for real customers near Topock, Arizona and utilizing the Uber Freight app.
See also: Self-driving Uber car kills Arizona woman crossing street | Reuters.com: “I suspect preliminarily it appears that the Uber would likely not be at fault in this accident,”--Tempe Police Chief.
3) Investing
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| S&P500 now in negative territory for 2018 |
Trump vs. the WTO? The U.S. has much lower tariffs on some foreign goods than other countries have on the same US-made goods. For example cars: the European Union has a 10 percent tariff on all imported cars, including those manufactured in the U.S., and China hits all foreign-made cars with 25 percent tariffs. But the U.S. only charges 2.5 percent on foreign cars imported into the U.S. market--Axios.com.
How far is Trump willing to take this? Watch Steven Mnuchin--US will consider re-entering TPP, Treasury Secretary Mnuchin says | CNBC.com 21 March 2018: "The U.S. will consider re-entry to the 12-nation trade agreement once Washington accomplishes its other trade goals, Mnuchin said."
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| Above left, Fed Chair deflects question about Trump's tariffs. Above right, President Trump signs Presidential Memorandum re: China |
- Bill Gross: "The U.S. and global economies are too highly leveraged to stand more than a 2% Fed Funds level in a 2% inflationary world." See also: Morgan Stanley says "Rising Libor Is The Story Of The Year, Not Fed" | Bloomberg.com.
- ECB still loose as a goose: Euro zone banks may get reprieve until 2021 from ECB bad-debt rules--reuters.com. But Italy is storing up trouble for the eurozone | ft.com: "... a parallel currency as the harbinger of a future monetary fracture. This is in addition to the appointment of a hawkish successor to Mario Draghi as president of the ECB ... Italy will remain the principal source of risk for the eurozone for the foreseeable future." See also PIMCO's Andrew Balls says Italy is a long-term challenge in Europe | reuters.com.
- Caveat Emptor: Obama-era fiduciary rule on retirement planners overturned--a federal appeals court has ruled that the Department of Labor overstepped its authority when it wrote a rule that required financial professionals, including brokers and insurance agents, to put their customers’ financial interests ahead of their own.
- Outgoing Secretary of State Rex Tillerson says farewell | CBSnews.com: "This [Washington, D.C.] can be a very mean-spirited town," Tillerson said, to applause. "But you don't have to choose to participate in that." [Editor's note: that's one reason I cut the cord on cable TV.]
- We don’t actually see the world as it is--"Expertise and filtering [can] work together. The better we know our subject matter, the easier it is to filter out irrelevant noise ... Clarity ... [versus] biases and beliefs, reactive emotions ...."-- cfainstitute.org.
4) ICYMI Tech News:
- Facebook in Crisis: EU plans tougher consumer laws for Facebook, Gmail [Google] | Reuters.com. See also "Here's what no one needs from Zuckerberg: A pledge to 'do better' or an attempt to recast Facebook as the victim of the political consulting firm Cambridge Analytica"--Shira Ovide.
- Dear Apple: iOS is now a toxic hellstew | ZDNet.com: "proprietary code and proprietary hardware are supposed to give us a more polished experience. It doesn't. Not anymore."
- Tech / Antitrust: The high stakes for AT&T's courtroom showdown | Axios.com: the trial is also a test of vertical mergers, a favorite acquisition strategy of big tech companies.
- Micron Technology Inc. (NASDAQ: MU)--The Glaring Risk Coming To Crush Micron's Rally | SeekingAlpha.com: "Chinese courts are far from impartial and rulings, especially when politics are involved, are often fraught with meddling from higher courts, local governments, and the federal government. Judges are often pressured by these groups to give rulings that favor their policies, initiatives, or goals."
- Android security second to none says Google (pdf)
- Crypto: Bitcoin miners on the verge of losing money--cointelegraph.com. Note: "Reuters estimates that more than 980,000 bitcoins, worth more than $10 billion at current prices, have already been stolen from exchanges."--qz.com.
- Tencent to invest more in video, payment services and AI after profit beats estimates--Reuters.com. But China's Tencent loses $51 billion in market value in two days | Reuters.com 23Mar 2018.
- Dropbox IPO $DBX Dropbox shares close up 35 percent in biggest tech debut since Snap | Reuters.com. But note: "Could Dropbox’s IPO be another overpriced offering that leaves investors holding the bag? Look no further than Snap’s recent IPO for a cautionary tale on sell-side research."--SeekingAlpha.com
- Elon Musk could earn up to $55.8 billion in stock and awards, if Tesla's market cap reaches $650 billion. $TSLA market cap is currently around $52 billion, and Musk will receive no other compensation for his work at Tesla outside the plan approved by shareholders this week--cnbc.com.
- Amazon in a protracted battle with Walmart and Alibaba in India--SeekingAlpha.com. See also French retailer Carrefour calls on Google for voice boost in battle with Amazon | Reuters.com.
-- John Poole, Editor, Domain Mondo
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