Although President Donald Trump's infrastructure plan has been derided as lacking in detail and a gift to the 1% at the expense of middle- and low-income taxpayers, the Brookings Institute has a paper out that says one element could be very good for the kind of broad-based job growth that could put the economy on a sounder and more sustainable footing. To wit: It would continue a retraining program for workers who could find well-paying jobs with the companies that end up doing the work. And at the risk of sounding too "political," who says Trump has betrayed the Rust Belt folks who form part of his base?
Inside Track, or Ron Orol Week: "The Machine", aka The Deal's Ron Orol, scored three out of our four wins this go around, with a report on Deutsche Bank's potential exposure to the Trump investigation, a look at David Bonderman's fatal faux pas at Uber that suggests he may not be such a great match for all the other boards he sits on, and a behind-the-scenes dive into Pentair's (PNR) breakup and how it showcases Trian's analytical chops. But Tom Terrarosa also scored with a scoop on Titan Energy hiring RBC to market Raton Basin assets.
Career Corner: White & Case recruited a restructuring duo that has worked on bankruptcy cases from the L.A. Dodgers to Filene's Basement. And BoardEx finds that Masafumi Suzuki, Michael C Camunez, Kunihito Minakawa, Gilberto Baptista and Roland Pezzutto have joined Honda, Southern California Edison, Sony, JBS and Marlin Equity. Have a good weekend.
This is just a sampling of what's popping at TheStreet's sister publication The Deal. Visit here for more.
Editors' pick: Originally published June 16.
What's Hot on TheStreet
AMAZON IS BUYING WHOLE FOODS: In case you have been living under a rock on Friday, Amazon (AMZN) said it will plunk down $13.7 billion to buy organic grocer Whole Foods (WFM) . There are tons of angles to this deal, which TheStreet tore apart throughout the day here. Biggest takeaway from the hoopla: look out traditional grocery stores.
General Electric remains hot on everyone's minds: Change is in the air within the executive ranks at industrial giant General Electric (GE) , which of course could mean deep cost cuts to jump-start a stalled stock price.
"The change is welcome," TheStreet's founder Jim Cramer said during an exclusive conference call with members of his Action Alerts PLUS club for investors about long-time CEO Jeff Immelt handing off the baton to John Flannery. "Flannery will make the tough cuts that Immelt seemed incapable of making. We're looking for $2 billion in savings."
Alibaba wants to dominate: TheStreet's Natalie Walters is live with the second part of her exclusive interview with Alibaba's (BABA) vice chairman Joe Tsai. Alibaba executive chairman Jack Ma recently made the bold prediction that the Chinese e-commerce giant would hit $1 trillion in gross merchandise value (GMV) by the 2020 fiscal year, and eventually serve two billion customers by 2036. Although Alibaba currently dominates the enormous Chinese market, achieving such lofty goals obviously would require a significant global expansion.
TheStreet takes you through Alibaba's big plans.
Worried about how to pay for your golden years? Ken Fisher, founder of Fisher Investments, and TheStreet's Jim Cramer will tell you what you need to know in a June 21 webinar on the market trends that are shaping retirement planning today. Register here for the event, which starts at 11 a.m. ET.