Kristen Scholer, Hive editor Jon Kelly, and the VF Hive panel discuss the top five stories of the week in technology, politics in business. Nick Bilton reports on his story about Donald Trump's threats to devalue the social media platforms that gave him his rise.
Nick also weighs in on early Facebook executive Chamath Palihapitiya's assertion that social media is tearing society apart. Scholer, Kelly and Bilton discuss whether that's true, and whether Facebook and Twitter will reach an inflection point.
Hive panelist Bess Levin talks about the latest trouble in Trumpland, with commerce secretary Wilbur Ross being accused of insider trading. Abigail Tracy reports on her story about Nikki Haley's potential political ambitions in 2020.
T.A. Frank winds up the Hive 5 with his analysis of the recent Senate Special Election in Alabama. Frank and the panel discuss Roy Moore's defeat and unlikely victory for Democrat Doug Jones. They cover the potential for future Democratic victories in Alabama, as well as Charles Barkley's message to the state prior to the election.
The president, in an interview with CNBC this week, said he's looking to tax every single Chinese good that enters the U.S., which amounts to $505 billion. The tariffs would come at a time when prices for common consumer products, including the Apple Watch, FitBit, and smart speakers, could rise. Cheddar's Tim Stenovec and Kristen Scholer break down the news.
The actor, comedian, and activist created an augmented reality app called "House of Cats," which features an animated, satirical version of the president called "Trump-y Cat." A portion of the proceeds will go to support refugees. "We are going to counter his hostility with support," Takei tells Cheddar.
Economic growth at 4 percent is unsustainable and could pull back, warns Samantha Azzarello, Global Market Strategist at JPMorgan ETFs. GDP has been energized by tax cuts, increased spending, and consumption, and Azzarello predicts the high won't last.
Christopher Wray, who became director of the FBI last August, said in a statement that his assessment of Russia and the 2016 election has not changed, despite what Trump may say. "The President clearly has personal interests, or some sort of interests, that are separate from what the U.S. intelligence community has when it comes to Russia," says Eric Boehm, reporter for Reason.com.
These are the headlines you Need2Know.
* **Damage Control at the White House:** President Trump will meet with his cabinet today after widespread criticism of his comments spread following Monday's joint meeting with Russian President Vladimir Putin. To appease his base,Trump declared yesterday that he simply misspoke during the presser--but some critics find that hard to believe.
* **Manafort Goes to Court:** The case against former Trump campaign manager Paul Manafort is moving forward--despite a denial of his team's request for a change of location. Manafort's team asked for the trial to be moved from Alexandria to Roanoke, believing that Alexandria's more liberal base would be less forgiving and attract more press.
* **University Doctor Under Fire:** A former Ohio State University doctor is accused of molesting student athletes after complaints surfaced from several ex-wrestlers--one of whom condemned is Congressman Jim Jordan for ignoring the allegations.
* **Vacancies at Comic-Con:** The 2018 Comic-Con kicks of in San Diego tonight. But some of the usual attendees will be missing: network HBO, the Avengers, X-Men and Deadpool will be among the absent guests.
* **American League Still Number One:** The American league clung to its title as reigning champ after it defeated the National League for the sixth straight year during last night's MLB All-Star game.
Cheddar Big News' Hena Doba gives us the details.
Cheddar's J.D. Durkin recounts the tense moment during the Trump-Putin press conference in Helsinki when the Russian president was asked if he had any compromising material on President Trump.
The president said on Tuesday that he has "full faith and support" in U.S. intelligence agencies, walking back comments he made a day prior during a joint press conference with Russian President Vladimir Putin. During Monday's conference, Trump seemed to challenge the findings of American agencies that Russia interfered with the 2016 elections, sparking widespread criticism at home -- even from his most loyal backers.
