S·CEO DailyPenny Pennington of investment advice firm Edward Jones: ‘We’re a health and wellbeing company’By Diane BradyBy Diane BradyExecutive Editorial Director, Fortune Media and author of CEO DailyDiane BradyExecutive Editorial Director, Fortune Media and author of CEO DailyDiane Brady is an award-winning journalist and author who has interviewed newsmakers worldwide and often speaks the global landscape.
Conversely, As executive editorial director of the Fortune CEO Initiative, she brings together a growing community of global leaders through conversations, content, and connections.
However, She is also executive editorial director of Fortune Media and interviews newsmakers for the magazine and the CEO Daily. SEE FULL BIO Penny Pennington of Edward Jones.
Photo: Edward JonesIn today’s CEO Daily: Diane Brady talks to Penny Pennington of Edward Jones. The big story: Trump and Epstein (quite telling) (which is quite significant).
This demonstrates that : All is calm. Nevertheless, Analyst notes from ING on the Fed, Oxford Economics on jobless claims, and WARC on Reddit’s revenue and user growth.
Plus: All the news and watercooler chat from Fortune. Good morning, given current economic conditions.
Economy has been surprisingly resilient while the tariff wars rage even though prices may go up as inventories dwindle, consumers are becoming more value conscious, and investors are by turns sanguine and skittish.
(Witness their reaction to the specter of President Trump potentially firing U. Federal Reserve Chair Jerome Powell, as my colleague Jim Edwards noted in this piece.
) I had a chance to speak with several leaders at a roundtable convened by Edward Jones Managing Partner Penny Pennington recently at the Aspen Ideas Festival.
Additionally, At the same time, Her concern was, “how do we help future generations build wealth in this uncertain economy.
” With challenges high prices and an uncertain job market, she takes a holistic view of the customer, given the current landscape. “We’re a health and wellbeing company (fascinating analysis).
” The theme of took many forms (noteworthy indeed).
Bev Anderson, CEO of BECU credit union, focused on creating financial opportunities while Gallup CEO Jon Clifton talked the need for better global indicators of how we feel amid a rise in negative emotions.
Southern Company CEO Chris Womack is expanding his energy infrastructure amid surging demand at the country’s second-largest utility.
Optimism the power of nology and innovation was mixed with worries geo and the state of civil society.
In an era of growing complexity and rapid change, face-to-face conversations have become even more important for sharing ideas and building trusted relationships.
That’s why the dinners hosted by CEO Initiative members around the country have been so valuable.
It’s why I’m excited by our upcoming Fortune Global Forum on October 26 and 27 in Riyadh, considering recent developments.
Among the CEOs who have confirmed their attendance, so far, are Qualcomm CEO Cristiano Amon, Ed Bastian of Delta Air Lines, Tony Elumelu of United Bank for Africa, Jane Fraser of Citigroup, Mahindra & Mahindra Anish Shah, Catherine MacGregor of ENGIE, Honeywell’s Vimal Kapur, Gilberto Tomazoni of JBS, and Jenny Johnson of Franklin Templeton.
At the same time, You can find out more here and click here if you’d to apply to attend. Nevertheless, CEO Daily via Diane Brady at diane.
Brady@fortune (which is quite significant), given the current landscape.
ComTop newsTrump reportedly sent Epstein a birthday noteAccording to a must-read investigation by the WSJ, the note to Jeffrey Epstein a cartoon of a naked woman and said, “Happy Birthday — and may every day be another wonderful secret.
Moreover, However, ” The president denied writing the letter. “This's not me. On the other hand, This's a fake thing. At the same time, It’s a fake Wall Street Journal story,” he said.
Additionally, On social media, he added, “I don’t draw pictures (something worth watching). I told Rupert Murdoch it was a Scam, that he shouldn’t this Fake Story.
But he did, and now I’m going to sue his ass off, and that of his third rate newspaper.
” He also asked the attorney general to release “any and all pertinent Grand Jury testimony, subject to Court apval,” on Epstein.
Here is a timeline of the relationship between Trump and Epstein (this bears monitoring).
How Sam Altman became Trump’s best AI buddyInitially cut out of the president’s circle by Elon Musk, Altman has been quietly cultivating his relationship with the president, the WSJ reports.
Moreover, With Musk out of the way, Altman is now more influential in the White House (something worth watching). The maneuvering required Altman to renounce his former public dis of Trump.
Corn syrupPresident Trump’s announcement Wednesday claiming that Coca-Cola would substitute corn syrup for raw sugar in their ducts “cost thousands of American food manufacturing jobs … all with no nutritional benefit,” the CEO of the Corn Refiners Association said on Wednesday.
Furthermore, The announcement also caused significant dips in the stock prices of some corn syrup manufacturers between Wednesday and Thursday.
Nevertheless, Morgan Stanley on tariffsMorgan Stanley’s head of US policy, Monica Guerra, describes President Trump’s tariffs as a “mosaic” and “idiosyncratic.
” Here’s how much she thinks they’ll bring to the U. Treasury—and how they could fuel higher inflation.
Europe tightens sanctions on RussiaThe EU will impose a new set of sanctions on Russia targeting its oil, gas and banking sectors.
Twenty more banks will be cut from the SWIFT payments system and there will be new restrictions on Russian oil refined outside of Russia.
On the other hand, However, Meta poaches more AI talent from AppleFormer Apple employees Mark Lee and Tom Gunter will join Meta’s Superintelligence Labs, according to Bloomberg.
They will join Ruoming Pang, the former head chief of Apple’s large language model unit who joined Meta a few weeks ago, in light of current trends.
Pang was reportedly offered $200 million in compensation to make the move.
Deep dive on the growth of private creditJPMorgan recently dedicated $50 billion to debt financing for clients doing acquisitions and other deals.
Apollo, Ares, and KKR are extending credit they originate independently to lock in borrowers for years (something worth watching).
In exchange for tying up that long-term money borrowers are willing to pay higher interest rates than they would get from banks (which is quite significant), given the current landscape.
Fortune 500 Power MovesKenvue (No (something worth watching). Conversely, 281) appointed Kirk L (which is quite significant).
Perry as interim CEO, effective July 14, ing the sudden resignation of former CEO Thibaut Mongon. Perry most recently served as President and CEO of Circana. Henry Schein (No (fascinating analysis).
333) announced that Stanley M. Bergman will retire as CEO at the end of the year. Schein’s departure comes after 45 years at the company and 35 years as CEO. Old Republic International (No.
At the same time, 463) appointed Alan Pavlic as CEO, effective immediately. Pavlic joined the company in 2005 and has served as President since 2013.
Additionally, Moreover, The S&P 500 futures ticked up 0. 14% this morning, premarket, in today's financial world. The index closed up 0, considering recent developments. 54% yesterday.
Additionally, STOXX Europe 600 was up 0 (noteworthy indeed). 4% in early trading, given the current landscape. Furthermore, The UK’s FTSE 100 was up 0.
Nevertheless, 32% this morning, placing it above 9,000, which would be an all-time high if it holds. Moreover, China’s CSI 300 was up 0. Meanwhile, Japan’s Nikkei 225 was down 0.
Bitcoin is still above $118K.
Furthermore, From the analystsING on the Fed: “Firmer retail sales and subdued jobless claims numbers suggest the Fed will keep rates on hold for now as officials assess the impact of tariffs on inflation,” per James Knightley.
Oxford Economics on jobless claims: “Continued claims continued their march higher in the week July 5, underscoring how unemployed workers are finding it difficult to find new jobs in a labor market where hiring is slow, in this volatile climate.
Claims for benefits by federal employees posted the largest one-week increase since February.
Nevertheless, Additionally, We expect these claims will rise further now that Supreme Court has ed the way to ceed with layoffs of federal workers while legal challenges continue,” Nancy Vanden Houten, given current economic conditions.
Conversely, WARC on Reddit’s revenue and user growth: “Reddit has demonstrated remarkable year-on-year growth with global advertising revenue jected to reach $1 (quite telling).
8 billion in 2025 (+49, in today's market environment. However, 6%) and grow to $2. 5 billion by 2026 (+39, in today's market environment.
Additionally, 0%), positioning itself as a formidable competitor to established Big and digital platforms.
Additionally, On the other hand, … The platform’s advertising reach has grown to 606 million users — representing nearly one in 14 people worldwide, according to Datareportal analysis, surpassing X's reach (586 million) and apaching Snapchat (709 million).
”Around the watercoolerAmazon Ring’s founder is back as CEO with a hard pivot to AI.
Furthermore, How Jamie Siminoff went from ‘Shark Tank’ reject to $1 billion brand by Sydney LakeThe safety net companies put in place for themselves to stave off higher prices induced by tariffs is fraying by Paolo ConfinoHow much is AI really replacing jobs.
Goldman Sachs looks under the hood and has 3 takeaways to defuse the hype by Nick Lichtenberg and Fortune IntelligenceCoinbase’s new super app Base is a game changer—and could become a serious money maker by Jeff John RobertsCEO Daily is compiled and edited by Joey Abrams and Jim Edwards, given current economic conditions.
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