This week’s stories cover the impending trade war deal, Waymo going fully driverless in Arizona, and what Jeff Bezos wants to do with his riches. (1:46 min read).
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1. Trade war deal: are we there yet?
President Trump surprised the markets by announcing phase one of a trade deal between the US and China.
However, the formal agreement set to end the 18-month US-China trade war is yet to be finalised, with some details still to be negotiated.
Reports suggest officials could be aiming for a final agreement to be in place by mid-November.
If a final agreement is signed, it should be very good news for the stock market as uncertainty surrounding global economic growth will be reduced. Of course, we are always only one tweet away from the trade war being back on again.
2. Arizona buckles up for fully driverless cars
Waymo, Google’s self-driving car division, has announced to some of its customers in Arizona that completely driverless Waymo cars are on the way.
Previously, the company had safety drivers in their self-driving cars. This is an important next step in driverless car technology, with Waymo also confirming each car drives on its own without the aid of any human remote control support.
If this trial proves to be a success, it could significantly impact many industries from an investment perspective.
Rideshare services such as Uber are likely to benefit-sharing revenue with human drivers is one of its major costs.
While car park operators may suffer with reducing demand as car ownership declines.
3. What Would Bezos Do (WWBD)
The Atlantic recently published a detailed article about Jeff Bezos, the founder and CEO of Amazon.
It attempts to unpack Bezos’s master plan; a useful read for any stock market investor wanting to understand what motivates the (currently) richest man on the planet.
While Warren Buffett has called him “the best CEO in the United States”, what is most revealing is where Bezos’ true passion lies.
He cites his aerospace company Blue Origin as his most important work because “we have to go to space to save Earth”.
Bezos’ high school girlfriend was even quoted as saying “The reason he’s earning so much money is to get to outer space”.
Rocket science is very expensive, and in this case, a great motivator for Bezos to continue growing Amazon.
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