Your Evening Briefing
At all times in life, one might as well metaphorically heed the instructions of flight attendants and keep seatbelts fastened. This will prove useful, as it did today, when the dollar goes into a tailspin; or when bracing for higher prices on goods, gas and airfare; or when your company is the subject of a Donald Trump tweet. –Emily Banks
Trump assailed Toyota over Corolla factory planned for Mexico. Trump directed his ire at another carmaker Thursday, threatening Toyota with a border tax for planning to build a factory in Mexico. “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S.,” Trump tweeted. “NO WAY! Build plant in U.S. or pay big border tax.”
Farm country wonders why its not getting more love from Trump. The president-elect has selected 13 of 15 cabinet posts, but not yet his candidate to lead the U.S. Department of Agriculture, the agency most connected to rural voters who helped propel him into office. It's often a late pick, but this is later than usual.
Emirates Airline might be running out of room to soar. The airline, which is based in Dubai and owned by its government, has become the world’s largest long-haul carrier by never relaxing its grip—on employees, on airplane manufacturers, or on its own ambitions. Yet as Emirates dictates new standards of technology, luxury, and range, it’s finding that more and more is beyond its mastery.
Prices are rising across the globe. That's good, right? Only what happens next may reveal whether faster price gains mean the world is finally healing from the Great Recession. “Some of the financial market optimism is justified but political and policy risks remain, and the rise in global inflation is likely to prove short-lived,” said Janet Henry, global chief economist at HSBC in London.
Higher fuel and labor costs mean you'll pay more to fly in 2017. Seven consecutive quarters of declining jet fuel expenses have come to an end, and three of the four largest U.S. airlines recently agreed to a bevy of labor contracts, contributing to higher operating expenses. One analyst projects these costs for U.S. airlines will rise 25 percent in the first quarter.
Uber is preparing for a new political fight. Ride-hailing companies aspire to be something akin to public transportation, but that doesn’t extend to sharing data with governments. The company has its first New York City public hearing on the issue Thursday–its second major conflict with Mayor Bill de Blasio's administration.
Taking you around the world in 27 burgers. There’s nothing like the satisfaction of a great burger—and nothing quite like the disappointment of a bad one. When you’re on the road, there’s little room for error, so we asked three burger meisters for tips on where to go.