Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
NEW YORK (Reuters Breakingviews) - Tesla’s CEO berated analysts for asking “boring, bonehead questions” after the electric-car maker reported a record quarterly loss. He then taunted Warren Buffett, suggesting his idea of corporate “moats” is sugary nonsense. Breakingviews columnists discuss why Musk is so testy.
NEW YORK (Reuters Breakingviews) - Dealmaking is breaking records. But more tie-ups are being pulled. And recent proposed unions like T-Mobile US with Sprint and Xerox with Fujfilm come with regulatory or boardroom drama. Crisis throwbacks and the careless brag-song of Sainsbury’s CEO are sending warning signals.
NEW YORK (Reuters Breakingviews) - Tesla is speeding toward capital-raise crunch time. The electric-car maker on Wednesday reported a loss of $710 million in the first three months of the year. It also experienced a slew of other problems, including annoying a regulator after disclosing information about a fatal crash and losing more key staff.
NEW YORK (Reuters Breakingviews) - Wells Fargo shareholders have given Chief Executive Tim Sloan a welcome respite. Owners overwhelmingly backed executive pay and directors at the $256 billion bank’s at times ill-tempered annual meeting on Tuesday. It’s Sloan’s first good news after a slew of regulatory hits, including last week’s $1 billion fine from the Consumer Financial Protection Bureau.
NEW YORK (Reuters Breakingviews) - Upstarts like LendingClub and SoFi need to find ways to keep customers returning – just as traditional banks are fighting back and Goldman Sachs’ digital push into consumer lending takes off. Also: how Malaysia’s prime minister may be re-elected despite the 1MDB scandal.
NEW YORK (Reuters Breakingviews) - Morgan Stanley is lumping its shareholders with a volatility challenge. In the first quarter the $94 billion Wall Street firm defended key turf against a surge from rivals and more than doubled fixed-income trading revenue from the last three months of 2017. That – and tax cuts – helped generate its best results in years, handily beating Chief Executive James Gorman’s admittedly underwhelming targets. The dilemma for investors is whether that merits a higher valuation.
NEW YORK (Reuters Breakingviews) - A club under the San Francisco freeway is one of the last places you’d expect Goldman Sachs to throw a party. But it’s not investment bankers gathering here. Instead, it’s a comedy show arranged by Marcus, the company’s online retail bank. The unit’s edgier approach to business - and marketing - is giving Goldman a buzz it has sorely lacked.
NEW YORK (Reuters Breakingviews) - Shareholders have a new problem with U.S. bank stocks - but at least now it's a luxury one. Bank of America on Monday revealed that it earned $6.9 billion in the first quarter of the year. That beat estimates, and like rival JPMorgan it was the best showing from the core business in years. Yet big banks’ shares have flatlined of late. That’s because they already reflect improved margins.
NEW YORK (Reuters Breakingviews) - The music-streaming service enjoyed a mostly smooth stock-market debut despite largely bypassing investment banks. Ultimately, though, business success, not IPO hype, is what counts. Plus: Regulators and automakers are sparking up an altogether too cozy relationship.
NEW YORK (Reuters Breakingviews) - The social network founded by Mark Zuckerberg is reeling from a data harvest on some 50 million users. It will take time for the $440 billion firm to feel the impact but people are starting to slowly unplug. Plus, the world’s largest consumer-drone maker may go public.