TOP NEWS
China Hitch 1
The U.S.-China trade talks aren't done yet—China is reportedly balking at putting a figure on the amount of agricultural products it will buy from the U.S. each year, and is also still less than keen to curb forced transfers of technology for American firms doing business there. It is apparently also resisting the idea of strong enforcement mechanisms for the arrangement. Wall Street Journal
China Hitch 2
Also unlikely to smooth the path towards a deal: the news that Chinese hackers may have stolen data from the U.S. National Association of Manufacturers, a powerful Washington lobby group. The attribution for the attack this summer came from a cybersecurity firm hired by NAM to investigate the incident; China says the accusations are "creating something from nothing and have ulterior motives." Reuters
Google Banking
Google will from next year offer Google Pay-linked checking accounts, in partnership with Citigroup. Although their offerings aren't quite the same, Google's move will heat up the Android company's rivalry with Apple, which recently launched an iPhone-integrated credit card, in partnership with Goldman Sachs. CNBC
MacBook Keyboards
Apple has unveiled a pricey new 16-inch MacBook Pro that comes with market-leading specifications—and something a little more traditional, in the form of the scissor-mechanism keyboard that it's been criticized for abandoning in recent laptop models. Fortune
Collaboration Is Key
Given the rapid rate of a technological change and disruption, how can businesses innovate without sacrificing what makes them unique? Nishita Henry, Deloitte Consulting Chief Innovation Officer and Deloitte Catalyst lead, says it begins with collaboration.
Read more
AROUND THE WATER COOLER
A.I. Fears
A new Accenture report indicates that three-quarters of executives fear their businesses will soon go under if they don't use "artificial intelligence" at scale. Around the same proportion also say they're having trouble widely adopting A.I. in their companies. Fortune
German Stagnation
It looked for a while there like Germany was going to slip into technical recession, but no—its economy surprised observers by growing ever so slightly (0.1% quarter-on-quarter) in Q3. However, as ING points out, Q2's negative growth figures have been slightly revised downwards, meaning the country's economy is effectively stagnant. ING
WeWork Loss
WeWork's losses continue to grow—it just reported a $1.25 billion net loss for Q3, which is more than twice as bad as the year before. However, its annual revenue run rate is, at almost $4.2 billion, more than double the figure from a year ago. The third quarter was of course the unanticipated swansong for CEO Adam Neumann, so let's see what Q4 brings. Axios
Xerox and HP
It turns out that Carl Icahn owns not only a 10.6% stake in Xerox, but also a 4.24% stake in HP, which which Xerox is trying to merge (despite HP being three times larger in value than its suitor). The activist investor thinks the merger would bring about heavy cost savings. WSJ
This edition of CEO Daily was edited by David Meyer.
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