The Wall Street Journal - 19 02 2020

2020·15.48 MB·English

****** WEDNESDAY, FEBRUARY 19, 2020 ~ VOL. CCLXXV NO. 40 WSJ.com HHHH $4.00
DJIA 29232.19 g165.890.6% NASDAQ9732.74À0.02% STOXX600430.33 g0.4% 10-YR.TREAS.À 9/32, yield1.555% OIL$52.05 unch GOLD$1,600.00À$17.30 EURO$1.0794 YEN109.87
HSBC to
What’s
Cut Staff
News
By 15%,
P
A
Business&Finance Y/
BEAT Focus
UL
H PA
SBCsaiditwould P;
shed35,000jobsand A/A On Asia
cutbusinesslinesandcus- NET
ttohmeUer.Sr.ealantdioEnusrhoippes.aAc1ross ALCECE
B Shiftawayfromthe
(cid:2)FranklinResourcesagreed UEL
N U.S.,Europecomesas
tobuyrivalassetmanager MA
LeggMasonfor$4.5billion, RS; bankplanstoshed
iantaiec-huapnogfintgwiondbuigstpryla.yBe1rs S/REUTE $100billioninassets
NE
(cid:2)Walmartpostedsluggish AY
hueodlidoanylisnaelegsadiness,paidtedcinognttion- JEFFH ABYNDSIMMOARNGCOLTAPRAKTRICK
P;
astringofdisappointments A
fromtraditionalretailers.B1 BERT/ LONDON—HSBC Holdings
(cid:2)PG&Ereporteda$3.6bil- HER PLCsaiditwouldshed35,000
D jobsandcutbusinesslinesand
lionfourth-quarterlossas RAL customer relationships across
ittigcaotniotinnsuaenddtoclaseimttslereinlavteesd- GHT:GE tphheasUe.Sin.aanddeEcuardoep-leo,ntgherelatrteeastt
toCaliforniawildfires.B1 RI
M fromglobalambitionstofocus
O
(cid:2)Bigfood-deliveryfirmsin FR onitsAsianheartland.
theU.S.areseekingtoshore SE Theplannedoverhaulofthe
WI
uptheirfinancesthrough K U.K.-based bank, one of the
mergersorpubliclistings, CLOC world’slargestbyassets,marks
industryexecutivessay.B1 OFFTHEHOOK:Clockwisefromtopleft,ex-IllinoisGov.RodBlagojevich,shownin2011;financierMichaelMilken,1989;ex- asignificantstepinareorgani-
SanFrancisco49ersownerEdwardJ.DeBartoloJr.,2013;andex-NewYorkCityPoliceCommissionerBernardKerik,2009. zationthatstartedinthewake
(cid:2)TheDowfell0.6%inthe
of the global financial crisis.
wakeofApple’srevenue President Pardons Milken,
FoundedinHongKongin1865,
warning,whiletheS&P500
HSBCoperatesin64countries
slipped0.3%.TheNasdaq
andterritoriesbutmakeshalf
edgedup1.57points.B13
ofitsrevenueinAsia.
(cid:2)DuPontisbringingback Grants Blagojevich Clemency HSBCsaidthescalingback
BreenasCEO,replacing will help free up $100 billion
Doyleatthecompany’shelm inrisk-weightedassetstorein-
afterlessthanayear.B3 vest into the faster-growing
AsiaandMiddleEastregions.
(cid:2)Boeingsaidithadfound
About15%ofitsjobsasofthe
debrisinthefueltanksof BYBYRONTAU nard Kerik, and former San fromfriendsandassociatesof nonviolentdrugconvictions.” end of last year will be cut,
undelivered737MAXjet- ANDCATHERINELUCEY Francisco49ersownerEdward thoseseekingclemency. Mr.Milken’sprosecutionin thecompanysaid.
liners,thelatestsetbackon
J.DeBartoloJr.Mr.Trumphas “Ireallyrelyontherecom- the late 1980s defined an era The move comes as Euro-
quality-controlefforts.B5
WASHINGTON—President now issued a total of 35 par- mendations of people that of financial excess. Among peaneconomicgrowthcontin-
(cid:2)Nike’sDonahoeisshuf- Trumpissuedaflurryofclem- dons or sentence commuta- knowthem,”Mr.Trumpsaid. thosepursuingMr.Milkenon uestobeanemic,andpolitical
flingthefirm’sleadership ency orders on Tuesday, par- tionssince2017,farmorethan The unexpected pardons criminal charges in those challengesdestabilizeHSBC’s
ranks,ashake-upthatwill doning financier Michael his two immediate predeces- drew Democratic and some yearswasMr.Trump’scurrent two main markets, the U.K.
resultinthedepartureof Milken,whospentnearlytwo sorsinthefirstthreeyearsof Republicancriticism.Sen.Ber- personal lawyer, Rudy Giu- andHongKong.BanksinEu-
twolongtimeexecutives.B2 yearsinprisonforsecurities- theiradministrations. nie Sanders (I., Vt.), a Demo- liani,whoatthetimewasthe ropehavebeenhobbledbylow
lawviolations,andcommuting While speaking at Joint cratic presidential candidate, topfederalprosecutorforthe and negative interest rates
(cid:2)AngryNissansharehold-
the14-yearsentenceofex-Illi- BaseAndrewsonTuesday,he tweeted: “Today, Trump SouthernDistrictofNewYork. thathavemadelendingpartic-
ersquestionedwhether
noisGov.RodBlagojevich,who portrayed the election-year granted clemency to tax Mr.GiulianisaidTuesdaythat ularlychallenging.
CEOUchidahadaplanto
wasconvictedoftryingtosell clemencyactionsasaneffort cheats,WallStreetcrooks,bil- hesupportedthepardoningof “It is a really big warning
reversetheJapanesecar
aU.S.Senateseat. to address what he views as lionaires,andcorruptgovern- Mr.Milken. signalfromHSBC,”saidPeter
maker’swideninglosses.B3
Mr. Trump also issued full miscarriages of justice. Mr. ment officials. Meanwhile Mr. Milken, known as the Garnry, head of equity strat-
pardonsforformerNewYork Trumpalsosaidhehasrelied thousands of poor and work- “junk bond king,” served 22 egyatSaxoBank.
World-Wide
CityPoliceCommissionerBer- heavily on recommendations ing-class kids sit in jail for PleaseturntopageA5 PleaseturntopageA2
The World Closes Its Doors
(cid:2)Trumpissuedaflurryof Holiday Sales Drag on Walmart
clemencyorders,pardoning
Milken,thefinancierwho Walmartstruggledtogetshopperstospendinitsstores
To China: ‘I Feel So Isolated’
servedtimeforsecurities- thisholidayseason.ItsU.S.comparablesalesrose1.9%in
lawviolations,andcom- thefiscalfourthquarter,comparedwith4.2%ayearago.B1
mutingthesentenceoffor-
merIllinoisGov.Blagojevich, Walmart'scomparableU.S.quarterlysales,changefromyearago
whowasconvictedoftrying
5%
tosellaU.S.Senateseat.A1
Travelbansthwartambitionstobethecenterofcommerceandculture
(cid:2)Thepresident,inaseries
oftweets,denouncedefforts 4
promotedbysomeinhisad-
BYJAMEST.AREDDY than30airlineshavesus-
ministrationtohalttheexport Epidemic Escalates
pendedChinaservice,while
ofcontrolledtechnologies, 3
SHANGHAI—Tocelebrate (cid:2)Shipquarantinefaultedas a78-nationmatrixofrules
includingjetenginesand
Christmasoneyear,JingSun infectionsrise...................A7 andquarantinesfromthe
semiconductors,toChina.A1
trekkedtotheNorthPoleto (cid:2)Clinicaltrialslackqualified U.S.toSingaporehaveall
2
(cid:2)Theworld’sseveringof seereindeer.Foranother patients..............................A7 butbannedChinesetravelers
manylinkstoChinaduetothe holiday,theShenzhennative (cid:2)Virusexposesbusinesses’ fromforeignsoil.Asof
coronavirusepidemicisun- flewtoMarrakesh,andshe dependencyonChina....A7 Tuesday,thevirushassick-
1
derminingcoreBeijingambi- wasrecentlyinClevelandfor enedmorethan73,000and
tionsforthecountry.A1,A7 work.LosAngeles,NewYork killed1,853,accordingtothe
andBarcelonawereonherspringitinerary, WorldHealthOrganization.
(cid:2)TheStateDepartment 0
whilehermaidenAustraliavoyagewaspen- Watchingthedrawbridgesgoupisajolt
saidthattheU.S.operations FY2016 ’17 ’18 ’19 2020 ciledin. toChina’smassesoftravelers,including
offiveChinesenewsor-
Note:Includese-commerce;yearsendinJan. Suddenly,the29-year-oldisgroundedin familiesonholiday,studentsstudying
ganizationswouldbecon-
Source:thecompany Beijing. abroad,globe-trottinglawyers,financiers
sideredforeignmissions.A2
Fearingthecontagiouscoronavirus,the andartdealers,suchasMs.Sun.Theirlive-
(cid:2)Sandershastakensole worldhasseveredmanylinkstoChina.More PleaseturntopageA8
possessionoftheleadin
theDemocraticprimary Dow Hits Trump Deals a Blow
race,anewWallStreetJour-
Salesforce.
nal/NBCNewspollfound.A4
40000—On
To Tech-Sale Hawks
(cid:2)Bloombergwillsellthefi-
nancial-dataandmediafirm #1 CRM.
heco-foundedifelectedpres- License Plates
ident,hiscampaignsaid.A4
(cid:2)TheBoyScouts’filingfor i i i BYTEDMANN theadministrationwerepush-
bankruptcyprotectionhalts Market bulls ingtohaltshipmentsofjeten-
hundredsoflawsuitsoverac- WASHINGTON—A push by ginesco-producedbyGeneral Ranked#1forCRMApplicationsbasedon
cusationsofchildhoodsexual project rosy future Trump administration hard- ElectricCo.toChina.Theen- IDC2019H1RevenueMarketShareWorldwide.
abusegoingbackdecades.A3 linerstostemtheflowofhigh- gines were designed for the 17.3%
(cid:2)Ghaniwonasecondterm on their bumpers techexportstoChina—evenif Comac919,anewcommercial
doing so means limiting the airliner that China hopes will
asAfghanistan’spresident,a
market access of major U.S. grow to rival offerings from
resultannouncedastheU.S.
BYAMRITHRAMKUMAR companies—hitahurdleTues- BoeingCo.andAirbusSE.
attemptstoreachapeace
day:PresidentTrumphimself. Officials are also consider-
dealwiththeTaliban.A16
A10,000-pointriseforthe In a series of tweets, Mr. ingchangestowhatisknown
(cid:2)Theadministrationisplan- DowJonesIndustrialAverage Trumpdenouncedeffortspro- as the foreign direct product
ningtowaivesomefederal isn’twhatitusedtobe. moted by some within the rule,aimedatlimitingtheuse
contractinglawstoaccelerate Just ask Richard Flasck. White House and Commerce of U.S. technology in military
border-wallconstruction.A6 The former stockbroker at Departmenttohalttheexport and national-security func- 5.5%
MerrillLynchgetsnewvanity ofcontrolledtechnologies—in- tions. The changes would re- 5.3%
CONTENTS Opinion..............A13-15 license plates in Ohio every cludingjetenginesandsemi- quiresemiconductormanufac- 3.5%
Banking&FinanceB12 PropertyReport...B6 3.5%
timetheindexdoubles. conductors—to China, out of turerstoobtainexportlicenses
BusinessNewsB3,5,7 Sports........................A12
Crossword..............A12 Technology...............B4 He got his first Dow plate, concerntheproductscouldbe to use U.S. equipment when
2015 2016 2017 2018 2019H1
HeardonStreet.B14 U.S.News.............A2-6 “DJ5000,”in1990,whenthe piratedandusedtoundermine producing chips for Huawei
Life&Arts.........A9-11 Weather...................A12 indextradedatabout2500.He U.S. commercial advantage in Technologies Co. of China, Source:IDC,WorldwideSemiannual
Markets....................B13 WorldNews.A7-8,16 upgradedto“DJ9000”in1995 thosesectors. people familiar with the dis- SoftwareTracker,October2019.
when it hit 5000 and he “We don’t want to make it cussionssaid.
> wasn’tabletogettheplatefor impossibletodobusinesswith The proposals have trig-
10000. “DJ 20000” followed, us,”Mr.Trumptweeted.“That geredavigorousdebatewithin
and when the index finally willonlymeanthatorderswill theCommerceDepartmentand
salesforce.com/number1CRM
cleared that mark in January gotosomeplaceelse.” the White House, which had
2017,hesecured“DJ40000.” ThetweetsfollowedaWall originally planned to address CRMmarketincludesthefollowingIDC-definedfunctionalmarkets:SalesForceProductivityandManagement,
s2020DAollwRJigohntessR&esCeormvepdany,Inc. Even though the Dow is StreetJournalreportoverthe the matter during a cabinet cAMopamprkl,iecinatictni.o,ganssC.aa©rme2op0tah1ige9nrsnaMalemasnefosargacenem.dcomemnat,r,kinCsc.u.sAtlolmrigehrtsSreersveicrvee,dC.oSanlteascftorCcee.nctoemr,isAadvreergtiisstienrge,datnraddeDmigaitraklofCsoamlemsfoerrccee.
PleaseturntopageA8 weekend that officials within PleaseturntopageA2
A2|Wednesday,February19,2020 THEWALLSTREETJOURNAL.
*****
U.S. NEWS
U.S. Tightens Scrutiny of Chinese Media Outlets
BYKATEO’KEEFFE eredforeignmissions. The move is part of a In a speech this month, XinhuaandChinaGlobalTele- forefrontofaChinesegovern-
ANDJONATHANCHENG ThedistributorofPeople’s broader effort by the Trump Secretary of State Mike vision Network, or CGTN, to mentcampaigntoswayglobal
Daily declined to comment. administration to ferret out Pompeo described efforts by register under the Foreign publicopinionandinthewords
WASHINGTON—TheTrump None of the other organiza- actionsbyChinaseenasinim- Chinatoruninfluenceopera- Agents Registration Act. The of Chinese President Xi Jin-
administrationisheightening tions could immediately be icaltoU.S.interests—fromac- tionsintheU.S.anddefended measure,whichwaspassedin ping,“tellChinastorieswell.”
scrutinyofChina’slargestate- reached for comment. The ademics and business execu- moves by the U.S. to place 1938toexposecovertNazi-in- AStateDepartmentofficial
owned media outlets in the ChineseEmbassydidn’timme- tives stealing intellectual tighterreportingrequirements fluence campaigns, requires saidthefiveoutletsare“sub-
U.S.,designatingthemasfor- diatelycomment. propertytothespreadofthe on Chinese diplomats and anyonedoinglobbyingorpub- stantially owned and effec-
eignmissions,inafurtheref- The new policy, which de- Chinese government’s views statemedia. lic-relationsworkforaforeign tivelycontrolled”bytheChi-
forttoreininChinesegovern- partmentofficialssaidtookef- bystate-backedmediaanded- “This is just fairness, reci- entitytoregisterandfileperi- nese government and its
mentactivity. fect immediately, places the ucationinstitutions. procity, basic common sense. odicupdateswiththeJustice ruling Communist Party and
TheStateDepartmentsaid U.S.operationsoftheChinese In getting tougher on Chi- Thisisnotanonerousrestric- Department. thusmeetthedesignationofa
Tuesday that the U.S. opera- state-run outlets under the nese activities in the U.S., tion to put on China,” Mr. CGTN registered last year foreignmission.
tionsoffiveChinesenewsor- Foreign Missions Act. While Washingtonhopesthatitwill PompeotoldtheNationalGov- but said it disagreed with the The new requirements
ganizations—Xinhua News not aimed at curtailing their pressureBeijingtoloosencon- ernorsAssociation,alsowarn- JusticeDepartment’sdecision. aren’tintendedtorestrictthe
Agency,ChinaRadioInterna- operations,thedesignationre- trols imposed on U.S. diplo- ing state leaders of Beijing’s Xinhuahasyettoregisterandit reporting activities of any of
tional, China Global Televi- quiresthattheyreportallper- mats and reporters and do effortstotargetthemininter- isunclearifitplanstocomply. the five Chinese outlets, offi-
sionNetworkandthedistrib- sonneltotheStateDepartment awaywithpoliciesseenasun- ferenceoperations. Along with Xinhua and cialssaidTuesday.Theintent,
utors of China Daily and andregisteranypropertyhold- fair to American businesses In2018,theJusticeDepart- CGTN, the outlets targeted in they said, was to find out
People’sDaily—willbeconsid- ings,whetherleasedorowned. operatinginChina. ment told the U.S. units of the new measure are at the moreabouttheiroperations.
Trump
Huawei
Supports
Challenge
Tech Deals
To Law
Dismissed
ContinuedfromPageOne
meetingonFeb.28.Themeet-
inghasbeencanceled,accord- BYKATYSTECHFEREK
ing to a person familiar with
thediscussions. A federal judge in Texas
Until Tuesday, Mr. Trump dismissed a lawsuit filed by
hadn’tweighedinonthemat- Huawei Technologies Co.
ter.Butintweetsandremarks challenging a 2018 U.S. law
beforeboardingAirForceOne, thatstoppedfederalagencies
hewasdismissiveofthepro- fromdoingbusinesswiththe
posalstolimitthoseexports, Chinesecompany.
andquestionedwhathecalled In a ruling Tuesday, Judge
theuseof“afaketermofna- AmosMazzantoftheU.S.Dis-
tionalsecurity”tojustifynew trict Court in East Texas,
restrictions. said Congress had the power
S
“I think people are gettingNEW to ban federal agencies from
carried away with it,” Mr.G buyingproductsfromHuawei.
R
Trump said on the tarmac atBE The U.S. contends the com-
M
JointBaseAndrews,enrouteO panycouldbeusedbyBeijing
O
toa“Ifumnedarna,istehriningsLoasreAnpguetleosn.RETT/BL fhoarserseppieoantaegdel,yadcelnaiiemd.Huawei
mydeskthathavenothingtoAR “Contracting with the fed-
H
do with national security, in-S eralgovernmentisaprivilege,
cludingwithchipmakersandUKE notaconstitutionallyguaran-
L
variousothers,”Mr.Trump,a AjetengineunderassemblyataGEplantinIndianalastyear.AGE-SafranjointventuremakesenginesforanewChineseairliner. teedright—atleastnotasfar
Republican,said.“Sowe’rego- as this court is aware,” the
ingtogiveitup,andwhatwill nesetelecomcompanyHuawei. shocktoamajorU.S.manufac- engineshipments.“Weaggres- tions“ridiculous.” judgesaidinhisruling.
happen? They’ll make those TheWhiteHousepresssec- turer.GEhasreceivedlicenses sivelyprotectanddefendour “That’s the problem with Huawei said it was disap-
chipsinadifferentcountryor retary didn’t respond to a from the Commerce Depart- intellectualpropertyandwork theabsenceofacoherentpol- pointed and would consider
they’llmaketheminChinaor question about whether Mr. ment since 2014 for the en- closely with the U.S. govern- icyandwithallseriousnessin- furtherlegaloptions.
insomeplaceelse.” Trumphadspecificallyordered gine-exportprogram.TheCo- menttofulfillourresponsibili- tended,uncertaintyisdeathto Huawei’s lawsuit, filed in
Mr. Trump’s intervention theCommerceDepartmentto mac engines make up just a ties and shared security and trade,” Mr. Wolf said. “This March,challengedtheconsti-
roiledaninternaldebateover grantGEanewexportlicense fractionofthetotalproduction economicinterests.” constant bouncing back and tutionalityofpartsoftheNa-
how to handle China’s rising for the LEAP 1C engines that oftheLEAPengine,whichhas John Neuffer, chief execu- forthbetweenwhatthepolicy tional Defense Authorization
technologicalcapability.Itwas are supplied to the C919 pro- beenacommercialsuccessfor tiveoftheSemiconductorIn- or the objective is, or…what Act,anannuallawthatautho-
ablowtohard-linersinthead- gram by CFM International, GEamidasurgeinglobalor- dustryAssociation,praisedMr. national security does or rizesbillionsofdollarsinmili-
ministration, but good news GE’sjointventurewithSafran dersforsingle-aisleairliners. Trump’s comments in a writ- doesn’t mean, actually in my taryspendingandblockedfed-
for companies such as GE, SAofFrance. tenstatement,saying“salesof view does more harm than eral dollars from going to
whichhadprivatelyarguedin GEhascontendedfearsthat non-sensitive, commercial good.” HuaweianditsChineserival,
favorofcontinuingtheengine theenginescouldbereverse- Mr.Trumproiled productstoChinadrivesemi- In his tweets Tuesday ZTECorp.
shipments,accordingtopeople engineered were overblown conductor research and inno- morning,Mr.Trumpsuggested Huawei’steamofU.S.law-
adebateoverhow
familiarwiththediscussions. because of the relative com- vation, which is critical to that he had told members of yers has fought against the
Asenioradministrationof- plexity of their materials and tohandleChina’s America’s economic strength his cabinet that he had de- lawfornearlyayear,arguing
ficial said the Commerce De- design, people familiar with andnationalsecurity.” creedthatnewrestrictionson incourtthatCongressillegally
techcapability.
partment intended to comply thediscussionssaid. At a panel discussion in foreign sales wouldn’t be im- deprivedtheChinesetelecom
with Mr. Trump’s wishes and Officials who pushed to Washington on how to limit posed.“IwanttomakeitEASY giantofitsrightsbyblocking
issueGEthelicenseitneedsto blocktheengineshipmentsdid U.S. exports to China, spon- todobusinesswiththeUnited itfrombiddingongovernment
continueexportingengines. soinpartbecausetheyhoped soredbytheInformationTech- States,notdifficult,”thepresi- andprivatecontracts.
While Mr. Trump’s tweets tocripplethedevelopmentof GEdeclinedtocommenton nologyandInnovationFounda- denttweeted.“Everyoneinmy JudgeMazzantsaidHuawei
seemedtoprecludefurtherac- the C919 passenger jet, the theTrumptweets. tion, former Commerce Administrationisbeingsoin- is still permitted to “conduct
tion,thepresidenthasshifted people familiar with the dis- “GEhasprovidedproducts DepartmentofficialKevinWolf structed, with no excuses… business with every other
hisstanceonissuesbefore,in- cussions said. The narrow- andservicesintheglobalmar- halted the discussion to read THEUNITEDSTATESISOPEN company and individual in
cludingbackingawayfromre- body airliner is scheduled to ketplace for decades,” a GE the tweets aloud. There was FORBUSINESS…” Americaaswellastheremain-
strictionsonvapingandalter- enterservicein2021. spokeswoman said over the laughterfromtheaudienceas —KatyStechFerek ing169countriesandregions
natingbetweenhard-lineand Butblockingtheengineex- weekend,aftertheJournalre- Mr.WolfreadaTrumptweet andAlexLeary itcurrentlydoesbusinesswith
conciliatorypositionsonChi- ports would have come as a portedontheproposaltohalt calling the proposed restric- contributedtothisarticle. throughouttheworld.”
HSBC to CORRECTIONS (cid:2)
SharesofHSBCHoldingsfellafteritannouncedadeclinein stillhaveapresenceinLondon from67%in2018,accordingto
profitandplanstofocusmoreonitsAsianbusiness. but it’s fair to say the mix is apollconductedbythelender. AMPLIFICATIONS
Cut Jobs in goingtochangeoverthenext In mainland China, HSBC
HSBCnetprofit HSBCshareprice
twotothreeyears.” hasforyearspositioneditself
$15billion $5.97billion £6.00 HSBC’s retail and commer- totakeadvantageofgrowing
Overhaul ▼53% cialbankservingU.K.custom- economic ties between the InsomeeditionsTuesday,
5.90 ersremains“veryimportant,” mostpopulousnationandthe the last name of the Wood
Mr.Quinnsaid,addingthathe widerworld.Thatintegration MackenzieanalystAlexWhit-
10 5.80
expects it to become increas- isnowchallengedbythetrade worthwasincorrectlygivenas
ingly tied to the rest of the conflictwiththeU.S. WhitmoreinaPageOnearti-
5.70
ContinuedfromPageOne worldasthecountryleavesthe ChairmanMarkTuckersaid cleaboutsolarpowerinIndia.
HSBC, one of the U.K.’s 5 5.60 EU. In mainland Europe, the HSBChasreduceditsexpecta-
dominantretailbanks,isdeal- bank plans to reduce its risk- tions for Asian economic ReaderscanalertTheWallStreet
Journaltoanyerrorsinnewsarticles
ingwithuncertaintysurround- 5.50 weightedassetsby35%. growth in 2020 as a result of
[email protected]
ing the country’s departure In its long-struggling U.S. thecoronavirusoutbreak.The bycalling888-410-2667.
from the European Union. 0 5.40 arm, Mr. Quinn said HSBC banksaidloanlossescouldrise
MeanwhileinHongKong,anti- 2014 ’15 ’16 ’17 ’18 ’19 Mon. Tues. wouldcutassetsininvestment and revenue could fall if the
government protests, trade bankingandmarketsbyalmost outbreakisprolonged. THEWALLSTREETJOURNAL
tensionsbetweentheU.S.and HSBCpretaxprofitbygeographicalregion* half,andshutaround70ofits “Theagreementofaphase- (USPS664-880)(EasternEditionISSN
0099-9660)(CentralEditionISSN1092-
Chinaandthecoronavirusare 229 branches. The retail bank onetradedealbetweenChina
0935)(WesternEditionISSN0193-2241)
weighingonbusiness. Asia willtarget“internationallyaf- andtheU.S.isapositivestep, Editorialandpublicationheadquarters:1211
HSBC shares fell 6% Tues- fluent” individuals across the butweremaincautiousabout AvenueoftheAmericas,NewYork,N.Y.10036
day in London trading as in- † country,Mr.Quinnsaid. the prospects for a wider- PublisheddailyexceptSundaysandgeneral
vestors braced for hefty re- MENA “It will require a larger re- rangingagreementgivendis- legalholidays.PeriodicalspostagepaidatNew
York,N.Y.,andothermailingoffices.
structuringcharges.Thebank ductioninourbranchnetwork agreements that still exist,
said it would suspend until NorthAmerica 2019 ontheEastCoast,”Mr.Quinn particularlyovertechnology,” Postmaster:Sendaddresschangesto
2018 TheWallStreetJournal,200BurnettRd.,
2022buybacksofsharesthat said.“Wearegoingtobeopen- Mr.Tuckersaid. Chicopee,MA01020.
hadhelpedbuoythestock. LatinAmerica ingupmorebranchesinthein- Mr. Quinn, formerly the AllAdvertisingpublishedinTheWallStreet
The restructuring is being ternational markets that are global commercial-banking Journalissubjecttotheapplicableratecard,
copiesofwhichareavailablefromthe
led by Chief Executive Noel Europe relevant to HSBC, principally headatHSBC,waselevatedaf- AdvertisingServicesDepartment,DowJones&
Quinn,whotookthejobinAu- ontheWestCoastofAmerica.” ter Mr. Tucker decided new Co.Inc.,1211AvenueoftheAmericas,New
York,N.Y.10036.TheJournalreservestheright
gust on an interim basis. Mr. –5 $0billion 5 10 15 20 AsofSeptember,HSBCwas leadershipwasneeded. nottoacceptanadvertiser’sorder.Only
Quinnisvyingfortheperma- theU.S.’s14th-largestcommer- Mr. Tucker brushed aside publicationofanadvertisementshallconstitute
nent role of CEO, which the *In2019,$12.05billionofpretaxprofitcamefromHongKongalone. cialbank,accordingtoFederal questions Tuesday about finalacceptanceoftheadvertiser’sorder.
†MiddleEastandNorthAfrica
bank said would be decided Source:thecompany Reservedata,witharound$181 whetheritmadesenseforMr. LFaextt:e2r1s2-t4o16th-2e8E9d1;iteomr:ail:[email protected]
thisyear. billioninassets. Quinntomakepublicarestruc-
Needassistancewithyoursubscription?
The revamp adds to a “wherenecessary,”Mr.Quinn remainahubfortheinvestment Mr.Quinnsaidhehadcon- turingwhenhemaynotseethe Byweb:customercenter.wsj.com;
sweepingrestructuringthatbe- said. bank,butincreasinglywillplay sidered putting the U.S. retail changes through. He said the Byemail:[email protected]
Byphone:1-800-JOURNAL(1-800-568-7625)
gan in 2011 and saw the bank On Tuesday, the bank said asupportingroletooperations unit up for sale but decided restructuringandtheselection
exitmostofLatinAmerica.In netprofitfell53%to$5.97bil- inHongKongandSingapore. againstitbecausethecountry ofthenewCEOwereseparate Reprints&licensing:
Byemail:[email protected];
thedecadesbeforethat,ithad lionlastyear,hitbyagoodwill “Wearegoingtomovemore is a crucial part of the bank’s processesrunninginparallel. Byphone:1-800-843-0008
expanded across the world impairment of $7.3 billion. It ofourinvestmentbankingand global network and the cus- Thebenefitsoftherestruc- WSJbackissuesandframedpages:
through acquisitions, many of saiditexpectstoincuraround global markets resources into tomer deposits help support turing will be evident largely wsjshop.com
them ultimately unprofitable. $7.2billionofcostsrelatedto Asia—moreofoursectorspe- thebusinessthere. from 2023 onward, said Citi- Ournewspapersare100%sourcedfrom
sustainablycertifiedmills.
HSBC,whichhasitsFrenchre- the restructuring in the next cialists, more of our product TurbulenceatHSBCissap- groupanalystRonitGhose,who
tailbusinessupforsale,didn’t fewyears. specialists. We are going to ping morale within the bank, recommended that investors
give details of additional Attheendof2019,thebank looktobaseinHongKongand with58%ofemployeessaying sellHSBCshares.
GOTATIPFORUS?
planneddisposals. employed235,000people. the rest of Asia,” Mr. Quinn theysaw“thepositiveimpact —CaitlinOstroff SUBMITITATWSJ.COM/TIPS
HSBC will exit businesses ExecutivessaidLondonwill said in an interview. “We will ofourstrategy”in2019,down contributedtothisarticle.
THEWALLSTREETJOURNAL. Wednesday,February19,2020|A3
**
U.S. NEWS
Boy Scouts
Halt Abuse
Lawsuits in
Bankruptcy
BYPEGBRICKLEY
ANDANDREWSCURRIA
Inahistoricfilingforbank-
ruptcy protection, the Boy
ScoutsofAmericahaltedhun-
dredsoflawsuitsoveraccusa-
tions of childhood sexual AL,
abusegoingbackdecadesand N
R
sought to protect its local OU
J
sthcoousetinclgaicmous.ncilsfromfacing STREET
Asoneoftheorganization’s ALL
first requests after filing for W
chapter11bankruptcy,itasked THE
foracourtorderpreventingits OR
F
2ch6u1rcchoeusnacnilds, ciavnicd oprgoasnsiibzaly- ALLEY
P
tionsthatsponsortroops,from W.
facingjuriesoverallegedsex- RT
A
ualabusegoingbackdecades. STU
Afreezeonlawsuitsalsowould CaliforniansaretryingtostayaheadoftherisingthreatofwildfiressuchastheCaveFirenearSantaBarbarainNovember.
California Preps for Fire Season
preventfurtherlegaldiscovery
byattorneysintothecouncils,
which recruit scouting volun-
teers,providetraininganden-
forceBoyScoutspolicies.
TheBoyScoutswanttocon-
solidateandhalt275pending BYERINAILWORTH into neighborhoods from California’swildfireseasongrewtonearlyhalftheyearin2019, Thenextmorning,officials
sex-abuselawsuitsaroundthe nearbyhills. increasingthedangerforthe27%ofstateresidentswholivein creditedbrushclearingwork
country, moving them from WINDSOR,Calif.—Grassand Forecasters expect warmer moderatetohighriskareas. thecommunityhaddonewith
statecourtstoafederalcourt othervegetationhavebegunto anddrierweatherinCalifornia helping firefighters keep the
Californiafireseasonlength PercentageofCalifornia
in Delaware, and ultimately covertheashleftbehindwhen heading into spring, which CaveFirefromthosehomes.
homes,bywildfirerisk
intoaclosed-to-the-publicme- the largest blaze of the 2019 couldcausegrassestodryout In Northern California,
diationproceeding. wildfireseasonburnedtheedge andleadtoanearlierthannor- 1stday Christopher Godley, Sonoma
TheBoyScoutsdeclinedto of this Northern California malstarttothisyear’sfiresea- ofyear 100 200 300 365 100% County’s director of emer-
comment beyond a statement townaboutfourmonthsago. son.Theseasonusedtotakeoff 2003 148days gency management, says he
Tuesday. Windsorstillstandsbecause around June but has been ’04 180 expects his office to run at
“Weknownothingcanundo mostofitsresidents,actingon startingearlierandearlierfor ’05 159 leastadozenmassevacuation
the tragic abuse that victims thelessonsofdeadlyblazesin thepastfewyears. ’06 130 75 Negligible drillsthisyear.
suffered,” Roger Mosby, chief 2017 and 2018, grabbed pre- “We have indicators that ’07 151 andlow TheKincadeFiretestedev-
executiveoftheBoyScoutsof packedemergencygo-bagsand we’redryingoutalready,”said ’08 100 erything when it ignited
America,saidinthestatement. evacuated immediately when ScottMcLean,aspokesmanfor ’09 147 northwest of the Sonoma
“Webelievethechapter11pro- ordered. Unlike in other dan- the California Department of ’10 163 50 CountycommunityofGeyser-
cess...will provide equitable gerousCaliforniablazes,includ- ForestryandFireProtection,or ’11 184 ville in late October. By that
’12 125
compensation to all victims ing 2018’s Camp Fire that de- CalFire. point, residents had been on
’13 132
stroyed the town of Paradise, Inthelastthreeyears,wild- alertfordaysasutilityPG&E
’14 148
first responders were able to firesinCaliforniahaveburned Corp. warned of potential
’15 122 25
Thescoutsseekto focus entirely on the firefight more than 3.7 million acres, power shut-offs due to hot,
ratherthanlast-minuterescues. killed150peopleanddamaged ’16 126 Moderate dryandwindyweather.
consolidate275 sex- ’17 125
“It’s not an accident that or destroyed 35,200 homes, In Windsor, Mr. Foppoli
’18 120 Highand
abuselawsuits Windsor got saved,” Mayor businessesandotherbuildings. ’19 179 0 extreme worriedwhethertheprepara-
DominicFoppolisaid.“Wewent Eight of the most destructive tionswouldbeenough.Asthe
aroundthecountry.
through 2017. We watched it wildfiresinthestate’shistory fire swept closer to the
Note:Fireseasonlengthiscalculatedfromfiresoccurringwithinonestandarddeviationofthe
happenagaininParadise.” have occurred since 2017—a mayor’s town, he and emer-
meandateofCaliforniawildfireseachyear.
Withdeadlyanddestructive yearmanyofficialsconsiderthe Sources:MeganCattauanalysisofNASAMODISdata(season);VeriskAnalytics(risk) gencyofficialscalledtoevac-
wildfires now burning every turningpointinpublicpercep- uatethecommunity.
whilemaintainingthe[organi- season,Californiacommunities tion of the danger posed by ernCalifornia,hasledworkon inanefforttohelpprotectthe That evening, Sonoma
zation’s]importantmission.” from the Sierra Nevada foot- suchblazes. a $4.25 million shaded fuel 200communitieshisadminis- County Fire District Deputy
The organization is sched- hillstothecanyonsaroundLos Cal Fire now has 10 crews break along a corridor where trationdeemed“most-at-risk” Chief Matt Gustafson deliv-
uledtoappearWednesdayfor Angeles are preparing for the dedicatedyear-roundtoclear- theregion’sDiablowindscould of wildfire in California. Two eredadiremessage.
itsfirstbankruptcy-courthear- worst. The state’s wet winter ingbrushfromfire-proneareas whipupamajorfire.Starting other fuel breaks created as “Theprojectionsshowthe
inginWilmington,Del. monthshavebecomeacritical across33millionacresofland inJuly,crewsspent89daysus- part of this initiative were fire turning in the middle of
Thelocalcouncils,whichact timeforofficialsandresidents thattheagencyisresponsible ingheavymachineryandcon- creditedwithprotectingSanta the night and wiping out
likefranchisees,andotheraf- hoping to protect themselves for. In the past, crews split trolled burns to reduce the Barbara from the 3,100-acre Windsor,”Mr.Foppolirecalled
filiated nonprofits hold the from a fire season that starts theirtimebetweenfirefighting amount of dry leaves, heavy Cave Fire just before Thanks- the deputy chief saying that
bulk of the youth organiza- earlierandendslaterthanever. and vegetation management, brush and low-hanging tree giving. SaturdayinlateOctober.And
tion’swealth,roughly$3.3bil- Some are organizing mass- makingiteasytofallbehindon limbs—allfuelsthataidafire’s Firefightersintheareawere ifitmissedWindsor,therap-
lion in property, investments evacuation drills and hosting brushclearinginanactivefire spread—across a 19.3-mile challengedbyconstantlyshift- idly growing blaze might
andotherassets,accordingto events to help businesses and season. stretch. ingwindsandnarrow,winding threatenthetownofHealds-
aWallStreetJournalanalysis residents design emergency In Los Angeles and else- “We accept that there are roadways that impeded their burg,wheretheFoppolifam-
oftaxfilings.Butbecausethe plans.Manyalsoarereconsid- where,communityleadersare fires that are going to be too abilitytogetlargefiretrucksin ily’swinerywaslocated.
localcouncilsandotheraffili- ering building codes and em- organizingmeetingswithfire- big to put out,” Dave Win- position, particularly as they “Not this time, that was
ated groups haven’t filed for phasizing the need to create fighters and other emergency nacker, chief of the Moraga- fought to save an enclave of the theme,” Mr. Gustafson
chapter 11 these assets aren’t defensible spaces by limiting officials,whoencouragepeople OrindaFireDistrict,said.“We homesonPaintedCaveRoad. said.
technically within reach of vegetation and other flamma- toreduceflammablevegetation needtoslowit—hangitup,if Asflameslightedthehillside A few days later, Windsor
bankruptcycreditors. bles around homes and busi- near their homes and to map youwill—buytimetogetpeo- aboveStateRoute154,U.S.For- officials stood roadside with
Theparentorganization,by nesses.InNorthernCalifornia, potentialescaperoutes,includ- ple out and move firefighting est Service Hotshot Assistant signs to welcome residents
contrast,has$1.4billioninas- the communities of Orinda, ing alternatives to driving in resourcesin.” SuperintendentPhilHernandez back. Thousands would later
sets,accordingtotaxfilings. Moraga and Lafayette banded areaswheretrafficislikelyto The fuel break was one of watched the blaze sweep to- gathertothankthefirefight-
TheBoyScouts,foundedin togethertobuilda19-milefuel clogtheroads. nearly three dozen projects wardPaintedCaveRoad. ersandotherfirstresponders
1910,hasseenmembershipde- break meant to slow a cata- TheMoraga-OrindaFireDis- completed at the direction of “This is the stand right who helped stop the fire at
clinefordecadesastheorgani- strophicblazefromspreading trict,eastofBerkeleyinNorth- DemocraticGov.GavinNewsom here,”hesaid. Windsor’sedge.
zation’scharacter-buildingcur-
riculumbasedonoutdoorskills More Rain Expected
hasstruggledtomodernizein
theinternetage.
LawsinCalifornia,NewYork In Mississippi Capital
andotherstateshaveallowed
victimsofsexualabusetosue
regardlessofwhenthealleged
misconductoccurred.Inaddi- BYTALALANSARI “We took pretty much ev-
tion,attorneysrepresentingal- erything out of the gym that
leged scout victims have sup- Morerainandfloodingare we could, including the mats
plied information on roughly expectedinMississippi’sstate on the floor, because they’re
1,400additionalclaimsthatha- capital this week, after the reallyexpensive,”saidMr.Da-
ven’tbeenfiled,roughly90%of Pearl River crested near re- vis,28yearsold.“Wewerego-
themallegingabusemorethan cord heights during the holi- ingtotaketheboxingringsout
S
3co0urytepaarpserasg.o, according to REUTER dayGrweegekMeincdh.el, executive di- butMtrh.aDtawvaisstsoaondmbuacghgewdortkh.e”
Lawyersforsex-abusesurvi- G/ rectoroftheMississippiEmer- perimeterofOnGuardBoxing
R
vorshavedemandedthatsome BE gency Management Agency, Club, which is just 500 feet
N
local councils pay settlement OSE saidhisteamismonitoringthe fromthePearlRiver.Overthe
money,contributingtothecol- R situationwiththehelpofthe weekend, he took back roads
NE
lapse of settlement negotia- A NationalWeatherServiceand to avoid street closures to
J
tions with the Boy Scouts in MoviemogulHarveyWeinsteinsitswithhisattorneyasJusticeJamesBurkeinstructsthejury. others.“We’vejustgottoplan check on his four-year-old
November,courtpapersshow. andmanage,”hesaid.“Wekind business.
Under the Boy Scouts’ re- Harvey Weinstein Jurors Begin of know what the water will “Thankfully everything is
structuring proposal, local do,weknowtheimportanceof fine,”hesaid.“Thisisthefirst
councilscouldcontributetoa hydrologymanagement.” time we’ve had this level of
victimscompensationtrustto Deliberating, Query Judge Twice The Pearl River crested at alertabouttheriver.”
settleabuseclaims.Howmuch over36feetMonday,slightly Water levels are expected
they must contribute to get less than forecast but still 8 to fall through the week de-
clearfromsex-abuseliabilities feet above the river’s flood spitemorerainintheforecast.
will be the focus of the bank- BYDEANNAPAUL weren’tpresentedwithstand- allegedly forcibly performing stage.Hundredsofhomesand Still, officials estimate the
ruptcyreorganization. alone sex-crimes charges for oralsexonMs.Haleyin2006. businesses were inundated river would stay above flood
“Thelocalcouncilsownthe AManhattanjurybegande- “Sopranos”actressAnnabella Mr.Weinsteincouldbecon- withfloodwaters,anddozens stage most of the week, not
real estate. They are often liberating Tuesday in Harvey Sciorra, as they were for ac- victed of predatory sexual as- of roads were closed around dropping below 33 feet until
complicitinprotectingthepe- Weinstein’srapetrial,sending cusersMiriamHaleyandJes- saultifthejuryfindshecom- thecapitalcityofJackson,ac- Friday.
dophiles. They are liable for two notes to the judge that sicaMann. mitted either of those cording to state emergency Mr.Reevesurgedevacuated
theclaims,”saidGilionDumas, criminal-justiceexpertssaidof- The question hit at one of allegationsanddeterminesthat managementofficials. residents to wait before re-
one of the lawyers suing the feredconflictingsignalsabout themorecomplicatedlegalis- he raped Ms. Sciorra in the Gov. Tate Reeves, who de- turninghome.“Pleasedonot
BoyScouts. howtheyviewedthecase. sues at the heart of the case early1990s,asshehastestified. clared a state of emergency tread back in the water,” he
The organization’s strategy The jury sent its first note againstMr.Weinstein,whohas Thatallegedincidenthappened over the weekend, estimated saidTuesdayonFoxNews.“As
resemblesthatofCatholicdio- 30minutesafterreceivingthe said all of his sexual encoun- toolongagoforthedistrictat- that more than 1,000 struc- thewaterrecedes,it’sgoingto
cesesthatmovedthroughbank- Hollywoodproducer’scase,ask- tershavebeenconsensual. torney’sofficetoprosecute,but tureswerelikelydamaged. bemovingvery,veryquickly.”
ruptcy over the past 15 years ing for written definitions of The charges related to Ms. the jury must believe her ac- Afterreceivinganoticethat TheNationalWeatherSer-
andlimitedtheassetsavailable thechargesagainstMr.Wein- Haley and Ms. Mann are rela- counttoconvictMr.Weinstein hisboxinggymwasinanarea vice in Jackson said 1 to 2
tosex-abusevictimsusingvari- stein and clarification about tivelystraightforward:Hefaces ofpredatorysexualassault. thatmightflood,CurtisDavis inches of rain is expected
ousfinancialmaneuvers. whichcombinationofoffenses rapechargesforallegedlyforc- Jurors sent a second note, canceledclassesforfourdays throughWednesday.
—JosephDeAvila theycouldfindhimguiltyof. ingsexonMs.Mannin2013and requestingthefloorplanofMr. andtookmeasurestoprotect —ErinAilworth
contributedtothisarticle. Jurorswonderedwhythey onecountofcriminalsexactfor Weinstein’sSoHoapartment. hisbusiness. contributedtothisarticle.
A4|Wednesday,February19,2020 THEWALLSTREETJOURNAL.
P W L C 10 11 12 H T G K R F A M 1 2 3 4 5 6 7 8 9 O I X X ******
U.S. NEWS
Sanders Holds Clear Lead, Poll Finds
Bidenlosesground
SenatorAsksfor
andnowisessentially
PartialIowaRecount
tiedwiththreeother
Democratsforsecond
Sen.BernieSanders’spresi-
BYAARONZITNER dentialcampaignonTuesday
requestedarecountofseveral
Sen. Bernie Sanders has precinctsfromIowa’scaucuses
taken sole possession of the afterthestate’sDemocratic
lead in the Democratic pri- Partysaidaprocesstoverify
mary race, a new Wall Street theresultsshowedthecount
Journal/NBCNewspollfinds, thereeventighterbetweenthe
with four candidates essen- nationalfront-runnerandPete
tially tied for second place Buttigieg.
amid declining support for Mr.Sanders,fromVermont,
formerVicePresidentJoeBi- wonthemostvotesinIowa’s
den and the rising profile of Feb.3caucuses.Butbecause
Michael Bloomberg, the for- thecontestrewardsbroad-
merNewYorkmayor. basedsupportacrosstheentire
Mr. Sanders, of Vermont, RESS state,hedidn’twinthemost
had27%supportamongDem- P nationalconventiondelegatesin
D
ocraticprimaryvotersnation- ATE aprocessmarredbythreedays
ally in the new survey, the OCI ofdelayedresults.
sameasinJanuary.Mr.Biden, ASS ThatdistinctionwenttoMr.
who previously had 26%, has NER/ Buttigieg,theformermayorof
dropped11percentagepoints ON SouthBend,Ind.,whowonthe
S
sincelastmonth. OTT statecontestbasedonthe
Mr.Bidenisbunchedclosely SC metricthatstateandnational
withMr.BloombergandMas- Sen.BernieSandersappearedTuesdayattheUniversityofNevada,Reno.ThestateholdsitspresidentialcaucusesonSaturday. partyofficialshavesaidisthe
sachusettsSen.ElizabethWar- mostimportant.
ren, who each have 14% sup- dentTrumphassufferedlittle Preferenceforthe Democraticrace:Mr.Sanders Lastweek,thestateparty
port,andformerSouthBend, politicaldamage,andpossibly Democraticnominee pollTwheasWbaalsleSdtorenentaJtoiounrwnaidl/eNtBeClepNheownes holds the lead alone. “Bernie agreedtoconducttherecanvass
Ind., Mayor Pete Buttigieg, has gained ground, after the interviewsof900registeredvoters.It Sandersisthedefinitivefront- ofprecinctsrequestedbythe
with13%.Sen.AmyKlobuchar impeachment trial in Con- Feb.14–17 (cid:2)(cid:3)% wasconductedFeb.14-17,2020,bythe runner,andhisnumbersrepre- SandersandButtigiegcam-
pollingorganizationsofBillMcInturffof
ofMinnesotahas7%. gress. Some 47% approve of Sanders Jan.26-29 (cid:2)(cid:3) PublicOpinionStrategiesandJeffHor- sent not his ceiling but his paigns.Therecanvass,aless
Thefour-waytieforsecond his job performance, a high wittofHartResearchAssociates. base,withroomtogrow,’’said complicatedcheckoftheresults
place shows that Democrats markthathehashitonlyonce (cid:4)5 Thesamplewasdrawninthefol- DemocraticpollsterPeterHart. thanarecount,hasdiscovered
lowingmanner:Individualswereran-
enter their third nominating before,with50%disapproving. Biden (cid:2)(cid:5) domlyselectedfromnationallistsof Mr.Hartnotedthat65%of errorsinsomemathandinthe
contest, Saturday’s caucuses Approvalamongindependents registeredvotersandwerechosenby Democraticprimaryvoterssay applicationofsomerules.
in Nevada, with the race for hitarecord51%. (cid:4)(cid:6) a systematic procedure to provide a theyareenthusiasticaboutMr. Whileitresultedinno
balanceofrespondentsbysex.Respon-
theparty’spoliticalcenterun- Among all voters, 53% ap- Bloomberg (cid:7) dentsreachedontheircellphonewere Sanders’s candidacy or com- changetonationalconvention
settled. prove of how Mr. Trump is randomlyselectedfromnationallists fortablewithit—alargershare delegateallocation—Mr.Butt-
ofcellphonenumbers.
As in prior surveys, about handling the economy, also a (cid:4)(cid:6) Of the 900 interviews in the thanforanyothercandidate. igieghasbeenawarded14,
40%ofDemocratssaytheirtop new high. A majority of 51% Warren (cid:4)5 weighteddata,495respondentswere “It’samistakeatthisstage comparedwith12forMr.Sand-
choice is one of the most ar- say the Senate was right to reachedonacellphoneandscreenedto to say we’re looking at his ers—itdidchangethestatedel-
ensure that their cellphone was the
dent liberals, Mr. Sanders or vote against removing Mr. (cid:4)3 onlyphonetheyhad.Inaddition,11re- peak, because it just looks to egateequivalentsawarded.That
Buttigieg
Ms.Warren,with45%to50% Trump from office in the im- (cid:3) spondentswerereachedonacellphone me thatas the field narrows, metricnowstandsat563.207
pickingamorecentristcandi- peachmenttrial,with47%fa- butreportedalsohavingalandline. he becomes the beneficiary, forMr.Buttigiegand563.127for
The margin of error for the full
date. The difference now is voringremoval. Klobuchar (cid:3) sampleisplusorminus3.27percent- especiallyifElizabethWarren Mr.Sanders,accordingtothe
thatmorecandidatesaredivid- In a caution signal for Mr. 5 agepoints.Additionalinterviewswere dropsout,’’saidMr.Hart,who stateparty’swebsite.
conductedonsomequestionsfroma
ing the party’s self-described Trump, he trails the leading worked on the survey with Arepresentativefromthe
randomnationalsampleofDemocratic
centristvoters,whileMr.Sand- Democratsintestgeneral-elec- Note:Candidateswith2%orlessnotcharted primaryvoters.Forthesampleof428 JeffHorwitt,alsoaDemocrat, IowaDemocraticPartydidn’tre-
ershasexpandedhisleadover tion matchups: Mr. Trump is Source:WSJ/NBCNewstelephonepolls, Democraticprimaryvoters,themargin andRepublicanBillMcInturff. spondtoarequestforcom-
Ms.Warrenamongliberals. behindMr.Bidenby8percent- mostrecentlyof426Democraticprimary oferrorisplusorminus4.75percent- ThesurveyalsoshowedMr. ment.AspokesmanforMr.
votersconductedfromFeb.14-17;margin agepoints.
Anothersignofthemuddle agepoints;Mr.Bloombergby7 Sanders’sstrengthwhentest- Buttigieg’scampaignsaidthe
oferror+/-4.75pct.pts.
among Democrats: No prior points;Mr.Sandersby4points; ing him in hypothetical, two- resultsoftherecanvass“con-
Journal/NBC News poll had and Ms. Klobuchar and Mr. andhasspentmorethan$385 to appear with other leading person races against some of firmthatPetewontheIowa
found more than three candi- Buttigiegbysmallermargins. millionofhispersonalfortune candidatesonthedebatestage his Democratic rivals. Mr. caucusesandremainsthedele-
dateswithdouble-digitsupport. An unpredictable factor in to introduce himself through Wednesdayforthefirsttime. SanderstoppedMr.Bloomberg gateleaderintheDemocratic
Thismonth’ssurveyhasfive. theDemocraticraceistheris- TV,radioandwebads,accord- Amidthescrambleforsec- in a two-person race, 57% to primary.”
ThenewJournal/NBCNews ing profile of Mr. Bloomberg, ing to ad tracking data from ond place, the poll displayed 37%,andheledMr.Buttigieg —JohnMcCormick
survey also finds that Presi- who entered the contest late CMAG/Kantar.Heisscheduled one point of clarity in the by16points,54%to38%.
Impeachment Spurs Senate Races
Collins Faces Tight
Contest in Maine
BYLINDSAYWISE beenapositiveforceforDem- on a charge of improperly HouseandholdMr.Trumpac-
ocrats. “Contrary to what withholding aid to pressure countablewhennecessary.
WASHINGTON—In the Leader McConnell said, our Ukraine to launch investiga- Thenonpartisanpublication
brewing battle for control of data shows every one of the tionsthatwouldhelpthepres- Cook Political changed only BYSIOBHANHUGHES Democratswouldneedtotake
the U.S. Senate, both Demo- Republicans in difficult races identpolitically. one Senate race rating post- four additional seats to
cratsandRepublicanshopeto is hurting because of it,” Mr. Republicansaretrustingin impeachment, downgrading WASHINGTON—Thepolar- achievecontroloftheSenate.
getapoliticalboostfromthe Schumersaid. thepresident’spost-impeach- the Democratic-held Senate izedpoliticalclimateistaking Contributing to the head-
impeachment trial of Presi- Still, the fallout from im- ment popularity bump to su- seat in Alabama from tossup a toll on Sen. Susan Collins windsthatfaceMs.Collinsare
dent Trump, with each side peachment could be ancient perchargeenthusiasmforRe- to“leansRepublican”afterin- (R., Maine), who is facing a thepairofvotesshehastaken
pointing to energized bases history in political terms by publicansdown-ballot. cumbent Sen. Doug Jones competitive race for the first overthepastyearandahalf,
andrecordfundraising. the time voters head to the Democrats say that the voted to convict and remove time since she won a Senate includingonetoconfirmJus-
Democratsmustgainthree polls.“Therearemanythings 2020 election is going to be thepresident.“Hewassortof seat in 1996, according to a tice Brett Kavanaugh to the
seats to take control of the that will occur between now fought over voters’ pocket- damned if you do, damned if new poll conducted after her U.S. Supreme Court after he
Senate,iftheywintheWhite and the fall,” Mr. McConnell book concerns, such as pre- youdon’t,”saidJessicaTaylor, closelywatchedvotesinPresi- wasaccusedofsexualassault
House,too.IfMr.Trumpisre- acknowledged. scription-drug costs and who analyzes Senate and dentTrump’sSenateimpeach- during his high-school years,
elected,Democratsneedtonet TheweekafterMr.Trump’s healthcare,andthatiswhere House races for Cook. “The menttrial. allegationshedenied.Among
four seats to overcome a tie- acquittalbytheSenate,Gallup they will focus their 2020 tideswereagainsthimforre- Some 42% of respondents women, 36% said they would
breaking vote by Vice Presi- reportedMr.Trump’sjobap- messaging.Buttheyarehope- election,andthiswassortof to a Colby College poll said voteforMs.Collins,compared
dentMikePence. proval at an all-time high of fulthatindependentandmod- maybethefinalnail.” they would vote for Ms. Col- with49%whosaidtheywould
Democrats have an advan- 49%. Only one Republican, erate voters in swing states Republicansenatorsfacing lins in November, compared supportMs.Gideon.
tageovertheGOPthiselection Sen.MittRomneyofUtah,had willviewtheimpeachmentac- thetoughestre-electionfights with43%whosaidtheywould Ms. Collins’s handling of
cycle that has nothing to do crossedtheaisletovotewith quittalofMr.Trumpasasign this year include Martha Mc- vote for her expected Demo- theSenateimpeachmenttrial
with impeachment: Republi- Democrats to convict and re- that Republican senators SallyofArizona,CoryGardner cratic rival, Sara Gideon, also is undermining support
cansaredefendingmoreseats. move Mr. Trump from office won’t stand up to the White ofColoradoandThomTillisof Maine’s House speaker. Ms. for her among independents,
Thereare23Republican-held NorthCarolina.Allthreerep- Collinswonherseatwithclose who make up about 40% of
seats up in 2020, compared resentstatesthatwillbecom- to or more than 60% of the Maine’s electorate. Overall,
with12Democratic-heldseats. petitive in the presidential voteforeachofthepastthree 49% of respondents said she
After the Senate voted, election,whichissuretoener- contestsafterwinningin1996 made the right decision to
largely along party lines, to gize core voters in both par- withlessthan50%ofthevote. keep Mr. Trump in office,
acquit Mr. Trump on charges ties.Allthreeopposedallow- “We’re not used to seeing while 50% said she made the
of abuse of power and ob- ingwitnessesordocumentsin Sen. Collins in a tight race,” wrongdecision.
structionofCongress,Senate the Senate trial, and they all saidDanShea,aColbyprofes- Amongindependents,how-
MajorityLeaderMitchMcCon- votedtoacquitMr.Trump. sorofgovernmentandthelead ever, 39% said they would be
nell told reporters that in all S In the weeks after the im- researcheronthepoll.“Ameri- lesslikelytovoteforherasa
W
of Republicans’ competitive NEpeachmentvotes,theystillare can politics has taken a dra- resultofherdecisiontoacquit
Senateraces,GOPcandidates RGhewingclosetothepresident. maticturninthelastfourtosix thepresident,comparedwith
wereinbettershapethanthey MBEMr. Tillis appeared alongside years,andthebroaderquestion 13% who said they would be
O
had been a month earlier. “I BLOMr.TrumpatarallyinChar- iswhetherornotthenational- morelikelytovoteforher.
think you’d have to conclude R/lotte,N.C.,twodaysafterthe izationofAmericanpoliticshas Mr.Trump’sfavorabilityrat-
fromthisepisodethatwewon RREacquittal,Ms.McSallywilljoin spreadtoMaineaswell.” ing stood at 39% in the poll,
A
andtheylost,”hesaid. Hthe president at a rally in Ms. Collins is one of a compared with 60% who had
W
That was the opposite of REPhoenix on Wednesday, and handfulofRepublicanincum- anunfavorableviewofhim.Ms.
D
how the Senate’s Democratic ANMr. Gardner will attend Mr. bentsDemocratsarehopingto Collinshada42%favorability
leader,ChuckSchumer,sawit. Sen.MarthaMcSallyofArizonaisamongRepublicansfacing Trump’s rally in Colorado unseat in November as they rating,comparedwith54%who
He said impeachment had toughre-electionfightsthisyear. Springs,Colo.,onThursday. makeapushforthemajority. viewedherunfavorably.
Bloomberg Says He Plans to Sell Company if Elected President
BYLUKASI.ALPERT nouncedhisrunforpresident Citymayorintendedtosellhis has violated the emoluments and media company he co- owner’scandidacy.Inthepast,
ANDTARINIPARTI inNovember,withhimandhis company if he won, campaign clause of the Constitution, founded in 1981. According to BloombergNewshasrefrained
advisersgoingbackandforth spokeswomanGaliaSlayenac- whichbarssuchtransactions. Burton-Taylor International fromcoveringMr.Bloomberg’s
MichaelBloombergwillsell onwhetherhewouldplacethe knowledgedthatthecompany TheWhiteHousehasargued ConsultingLLC,aresearchfirm wealthandthecompanyitself.
Bloomberg LP, the multibil- businessinablindtrustifhe wouldultimatelybesoldinthe incourtthatstaysatthepresi- thattracksfinancial-datacom- When Mr. Bloomberg an-
lion-dollar financial-data and won,orifhewoulddivesthis event of a victory over Presi- dent’s hotels weren’t in viola- panies,BloombergLPbrought nounced his intention to run,
mediacompanyheco-founded interestsentirely. dentTrumpinNovember. tionofthelaw,andanappeals inapproximately$10.5billionin thenewsunitsaiditwouldcon-
nearly 40 years ago, if he is Initially,thecampaignand Mr.Bloomberg,78yearsold, court recently rejected a law- revenuein2019,up5.7%from tinue to not investigate its
elected president, his cam- peoplefamiliarwiththecom- hasaggressivelycampaignedby suitbyHouseDemocrats,say- the year prior. Bloomberg LP ownerandwoulddothesame
paignsaidTuesday. pany said Mr. Bloomberg in- challengingMr.Trump’sethics, ingtheylackedstanding. providesnewsanddatatosome fortheotherDemocraticcandi-
The campaign said Mr. tended to put the company notingthatthepresidentnever AsMr.Bloomberghasrisen 325,000customers,eachpaying dates.Butitsaiditwouldcover
Bloombergwouldfirstputthe intoatrustorsimilarvehicle placedhisbusinessinterestsin in the polls, questions about afixedpriceof$24,000ayear. the Trump administration as
company in a blind trust and if he won the White House. a blind trust, instead turning how he would manage his Thecompany’snewsdivision thesittinggovernment.
eventually sell. Analysts have But on the trail, Mr. themovertohissonstorun. wealth from the Oval Office bringsinonlyabout3%ofthe While the list of possible
estimated the company could Bloomberg later suggested a DemocratsinCongresshave havebecomelouder.Forbeses- company’s total revenue, ac- buyersforBloombergLPwould
sellforasmuchas$60billion. salewasapossibility. accused the president of ac- timates Mr. Bloomberg’s net cording to the research firm, beshort,Burton-Taylorsaid,it
The future of Mr. On Tuesday, after a cam- ceptingpaymentsfromforeign worthataround$54billion. buthasbroughtoutsizeatten- couldincludestockexchanges,
Bloomberg’s company had paign policy adviser said on governmentsthroughhishotels Mr.Bloombergownsroughly tion during the campaign be- financialconsortiaandbigtech
beeninquestionsincehean- CNNthattheformerNewYork and golf resorts, claiming he 90% of the closely held data causeofhowitwouldcoverits platforms.
THEWALLSTREETJOURNAL. Wednesday,February19,2020|A5
*****
U.S. NEWS
President
terthe9/11attacks,hesubse-
ClemencyGranted monthsofa10-yearprison withoutauthorizationand wasmidwaythrougha14-year quently was nominated for
Grants In11CriminalCases sentence. servedtwomonthsinprison. sentenceformultiplecountsof HomelandSecuritysecretaryby
Trump:“WehaveMikeMilken, corruption. PresidentGeorgeW.Bush.
who’sgonearoundanddonean PaulPogue Trump:“He’llbeabletogoback Mr.DeBartolowasconvicted
Pardons incrediblejobfortheworld, Theconstruction-company homewithhisfamilyafterserv- in1998offailingtoreportan
PARDONS withallofhisresearchoncan- ownerpleadedguiltytofiling ingeightyearsinjail.Thatwas extortionattemptbyaLouisi-
EdwardDeBartoloJr. cer,andhe’sdonethisandhe falsereturnsandwassentenced atremendouslypowerful,ridicu- anapolitician.Hepaid$1mil-
Pleadedguiltytoafelonyre- sufferedgreatly.Hepaidabig tothreeyearsofprobation. loussentence,inmyopinion.” lioninfinesandrestitutionbut
gardingapaymentdemanded price;paidaverytoughprice. servednojailtime.
ContinuedfromPageOne forariverboatcasinolicensein Buthe’sdoneanincrediblejob.” AngelaStanton TyniceNicholeHall Typically,theJusticeDepart-
monthsofa10-yearprisonsen- Louisiana.Hepaid$1millionin Shewasinvolvedinastolen-ve- Servednearly14yearsofan mentmakesrecommendations
tence after pleading guilty to finesandrestitution,servedno BernardKerik hicleringandserveda6-month 18-yearsentenceforallowing onwhethertoissueapardon,
six felonies in 1990, ranging jailtime. TheformerNewYorkPolice homeconfinementsentence. herapartmenttobeusedto though the power belongs to
from conspiracy to securities WhiteHouse:“Hisexceptional Departmentcommissionerwas distributedrugs. thepresidentalone.Mr.Trump
andmailfraudtoataxcount. compassionandwarmthdefine sentencedtofouryears’impris- DavidSafavian has previously circumvented
Hewasultimatelybarredfrom hischaractertothisday.” onmentfortaxfraudandfor Theex-governmentofficialwas CrystalMunoz theJusticeDepartmententirely
thesecuritiesindustryforlife makingfalsestatements. convictedoflyingtoinvestiga- Spent12yearsinprisonforrole whengrantingclemency.
andpaidhundredsofmillions MichaelMilken Trump:Hewas“amanwho torsabouthisrelationshipwith inamarijuanasmugglingring. TheJusticeDepartmentde-
of dollars in fines, penalties Creditedwithhelpingtopopu- hadmanyrecommendations lobbyistJackAbramoffand clinedtosaywhetherithadis-
andrestitutiontoinvestors. larizetheuseofjunkbondsto fromalotofgoodpeople.” sentencedtoayearinprison. JudithNegron suedadvice.
Mr.Milken,73yearsold,is financeboldandsometimes Sentencedto35yearsinprison Mr. Trump wouldn’t say if
creditedwithhelpingtopopu- hostiletakeovers.Pleadedguilty ArielFriedler COMMUTATIONS forherroleinaschemebyher he was considering a pardon
larizetheuseofjunkbondsto toseveralsecurities-lawviola- Pleadedguiltytoconspiracyto RodBlagojevich health-carecompanytodefraud for longtime confidant Roger
financetakeovers,andbecame tionsin1990.Heserved22 accessaprotectedcomputer TheformerIllinoisgovernor thefederalgovernment. Stone.Mr.Stonewasconvicted
anenduringsymbolofwhatre- last year of lying to Congress
mains one of Wall Street’s andwitnesstamperingaspart
brashesteras.Heandhisfirm, donors Sheldon and Miriam alsoputoutastatementcriti- of Robert Mueller’s investiga-
DrexelBurnhamLambertInc., Adelson, property devel- cizingthecommutation. tionofRussianinterferencein
alsohelpedtoshiftthefinan- operRichardLeFrak,Mr.Giu- Mr.Blagojevich“istheface the2016election.
cialworldwestward. liani, House Minority Leader ofpubliccorruptioninIllinois, “I haven’t given it any
Afterhis1993releasefrom KevinMcCarthy(R.,Calif.)and SS andnotoncehasheshownany thought,” Mr. Trump said,
federal prison, Mr. Milken es- RupertMurdoch,thechairman RE remorseforhisclearanddocu- when asked about a potential
P
tablishedandendowedaphil- ofNewsCorp,whichownsThe D mented record of egregious pardonforMr.Stone.
anthropicorganizationdevoted WallStreetJournal. ATE crimes that undermined the Mr.Trumpalsopardoneda
tocancerresearch. Mr. Milken said in a state- SSOCI trustplacedinhimbyvoters,” numberothers,includingAn-
rapMpor.rtMwilkitehnThraesacsuulrtyivaSteecdrea- “mloeonktthfoartwhaeradndtohimsawniyfe,mLoorrie, UNE/A rReeapds. Dthaerin sLtaatHeomoedn,t Johbny TgeVlapSetrasnotnoanl,ityanwahuothosreravnedd
B
tary Steven Mnuchin, a per- yearsofpursuingoureffortsin TRI Shimkus,AdamKinzinger,Rod- timeforparticipationinasto-
sonal friend who flew on Mr. medical research, education GO neyDavisandMikeBost. len-vehicle ring; David Safa-
A
Milken’s plane from Washing- andpublichealth.” HIC Mr.Blagojevichwasreleased vian,aformergovernmentof-
ton to California in January Pardons can help rehabili- Y/C Tuesdayfromafederalprison ficial convicted of making
2019,accordingtoMr.Milken. tate the reputation of people OLE inColorado. false statements; Ariel Frie-
O
Attorneys for Mr. Milken convictedofcrimes.Theycan H The former congressman dler, a former government
N
have long sought a pardon. alsoservetorestoretheright RI and governor expressed his contractorwhopleadedguilty
E
TheylobbiedPresidentClinton to vote or serve in public of- Mr.BlagojevicharrivedatDenver’sairportTuesdayafreeman. gratitudetothepresidentand tohackingintothecomputers
before he left office, but the fice. The White House said said,“Ifyou’reaskingmewhat of competitors; and Paul
movefacedstronglaw-enforce- thatMr.Milken’slifetimeban seat vacated by President abused his pardon power. “I my party affiliation is, I’m a Pogue, a construction com-
mentopposition. from the securities industry Obamaafterhewonthepresi- deeply believe this pardon Trump-ocrat.” pany owner who pleaded
TheWhiteHousepointedto remainsinplace. dency in 2008. He served al- sendsthewrongmessageatthe Mr. Kerik pleaded guilty to guiltyontaxcharges.
supportforthepardonofMr. Mr.Blagojevich,63,aDemo- mosteightyearsinprison. wrongtime,”hesaid. eightfelonycountsoftaxfraud —JessBravin,JustinBaer
Milken from prominent indi- crat,wasconvictedoncharges Illinois’sDemocraticGov.J.B. The five Republicans who andfalse-statementchargesin andAndrewAckerman
viduals,includingconservative of trying to sell a U.S. Senate Pritzker said Mr. Trump had representIllinoisintheHouse 2009.ThefaceoftheNYPDaf- contributedtothisarticle.
Barr Is Said to Have Considered Quitting Over Tweets
BYSADIEGURMAN sifyingdebateovertheindepen- friendshemightresign. partmentandinsistshehasthe Last week, prosecutors rec- fourprosecutorsinvolvedinthe
denceoftheJusticeDepartment. Mr. Barr had privately ex- legalrighttoweighinoncrimi- ommended that Mr. Trump’s caseandraisingquestionsabout
Attorney General William Itwasn’tclearhowseriously pressed frustration to Mr. nalcases. longtimeinformaladviserRoger whether the attorney general
Barrhastoldconfidantshecon- Mr.Barrcontemplatedquitting. Trumpabouthistweetsbefore Mr.Barrhasbeenasteadfast Stone receive seven to nine wastiltingthescalestobenefit
sideredresigningafterPresident A Justice Department spokes- he issued a rare public rebuke defenderofthepresident,and yearsinprisonforlyingtoCon- anassociateofMr.Trump.
Trumpignoredhisrepeatedre- womantweetedTuesdaynight: lastweekinanABCinterview,in Mr.TrumppraisedhimTuesday, gress and witness tampering. Mr.Barrsaidhehadn’tdis-
quests to stop tweeting about “Addressing Beltway rumors: which he said the president’s callinghima“manofgreatin- Therecommendationwasinline cussed the sentencing recom-
pendingcriminalinvestigations, The Attorney General has no commentsweremakingit“im- tegrity” while acknowledging withsentencingguidelines.Mr. mendationwithMr.Trump.
apersonclosetohimsaidTues- planstoresign.” possible”forhimtodohisjob. that his tweets have made it Barrorderedanewsubmission OnTuesday,afederaljudge
day,signalingpossiblestrainin TheWashingtonPostearlier YetMr.Trumphascontinued moredifficultforMr.Barrtodo recommendingalessersentence, declined to delay Mr. Stone’s
theirrelationshipamidaninten- reported that Mr. Barr told totweetabouttheJusticeDe- hisjob. prompting the withdrawal of sentencing,setforThursday,
Seaside Impressions
H. Claude Pissarro Maximize Warehouse Productivity
with Automation
Renowned painter. Vibrant palette.
Legendary lineage. Thisoriginaloil Flexibilityandscalability:awidevarietyofsystems
by H. Claude Pissarro beautifully forpalletsandboxes.
captures the French seaside in the
Maximumspaceutilization.
artist’srenownedmulti-huedpalette.
Pissarro’s masterful technique, Real-timeinventoryandstockcontrol.
rich with swift brushstrokes of
Optimalprofitabilitytokeepyouastepaheadofthecompetition.
brilliant color, reveals the influence
of his grandfather, the celebrated
Impressionist Camille Pissarro.
Signed(lowerright).Canvas:193/”hx
4
24”w;Frame:251/4”hx291/2”w.#31-0883
622RoyalStreet,NewOrleans,LA • 877-677-2801 • [email protected] • msrau.com
Since1912,M.S.Rauhasspecializedintheworld’sfinestart,antiquesandjewelry.
Backedbyourunprecedented125%Guarantee,westandbehindeachandeverypiece.
A6|Wednesday,February19,2020 THEWALLSTREETJOURNAL.
U.S. NEWS U.S. WATCH
NORTHCAROLINA MASSACHUSETTS
Court Puts Voter-ID Deaf Advocate Group
Law on Hold And MIT Settle Suit
ANorthCarolinaappeals TheMassachusettsInstitute
courttemporarilyblockeda ofTechnologyhasagreedto
statevoter-identificationlaw providecaptionsformoreofits
whilesayingthemeasurewas publiclyavailableonlinevideos
discriminatory,raisinganew aspartofasettlementan-
hurdleforRepublicanproponents nouncedTuesdayinacasethat
whohavepushedforrequiring accusedtheschoolofdiscrimi-
IDatthepolls. natingagainstpeoplewhoare
Athree-judgepanelinstructed deaforhardofhearing.
alowercourttograntaprelimi- Thesettlementcomes
naryinjunctionblockingthe monthsafterasimilardealwas
voter-IDrequirements,whichhad reachedinalawsuitbrought
alreadybeentemporarilyblocked againstHarvardUniversityby
AL inaseparatefederalcase.The theNationalAssociationofthe
N
UR state-levelinjunctionwillbein Deaf,whichsaidtheschools
O
J placeuntilalegalbattleoverthe werediscriminatingagainstpeo-
REET issueissortedoutincourt. plewithhearingdisabilitiesby
ST Thevoter-IDrequirements notadequatelyoraccurately
ALL “arelikelytodisproportionately captioningvideosoflecturesand
W
HE impactAfrican-Americanvoters otherprogramspostedonline.
RT totheirdetriment,”thejudges Thelawsuitsbroughtagainst
O
F saidinthe45-pageruling. MITandHarvardin2015said
A
AIZ NorthCarolinaRepublicans peoplewhoweredeaforhardor
R
A havedefendedtherequirements hearingcouldn’tbenefitfromthe
SSIDY asaprotectionagainstvoter schools’wealthofonlineeduca-
A fraud.Opponentssaythemea- tionalresourcesbecausetheyhad
C
TheTrumpadministrationwantstocompleteabout450milesofsouthern-borderwallbyyear’send,includinginArizona. suresrepresentrepeatedat- inaccuratecaptionsornoneatall.
Waivers Planned to Speed Up Wall temptstomakevotingmoredif- AspokeswomanforMIT
ficultforminorities. didn’treturnmessagesseeking
—JonKamp commentTuesday.
—AssociatedPress
PENNSYLVANIA
BYMICHELLEHACKMAN retaryChadWolfsaidTuesday environment and endangered because that’s where 90 per- NEBRASKA
Two Plead Not Guilty
onFoxNews. wildlife—inserviceofbuilding cent of opioids are entering
Pardon Denied for
WASHINGTON—TheTrump The administration so far a barrier along the U.S.-Mex- thiscountry,”hesaid To Killing 5 Relatives
administration is planning to hasbuiltabout119milesofits ico border. Tuesday’s an- Theadministrationis,how- Killer’s Ex-Girlfriend
waive some federal contract- preferredstyleofborderfenc- nouncement marks the first ever, being scrutinized for at Amotherandheradult
ing laws to accelerate con- ing—30-footsteelbollardsde- time the administration has leastonecontractitawarded daughterpleadednotguilty Nebraska’spardonsboardre-
structionofitssouthern-bor- signed to be tough to climb. sought to short-circuit the for wall construction near Tuesdaytokillingfiveoftheir fusedTuesdaytopardonthe
derwall,accordingtoanotice Mostofthosemilescoverar- federalcontractingprocessto Yuma, Ariz. In December, the closerelatives,includingthree murderconvictionoftheex-girl-
filed Tuesday by the Depart- eas where smaller barriers speedupwallconstruction. Pentagon’s inspector general children,atanapartmentout- friendofCharlesStarkweather,
mentofHomelandSecurity. previouslyexisted. Themoveissuretosparka openedaninvestigationintoa sidePhiladelphia. theinfamouskillerwhowenton
The laws to be waived in- Conservativecommentators legal fight. Opponents have decisionbytheArmyCorpsof ShanaDecree,46yearsold, arampageinthe1950s.
clude, among other things, a and voters in President challenged several aspects of Engineers to award the $400 andher20-year-olddaughter Theboardvoted3-0todeny
requirement that the govern- Trump’spoliticalbaselookto the administration’s wall millioncontracttoFisherSand DominiqueDecreeaffirmedtheir theapplicationfromCarilAnn
mentholdanopencompetition wallconstructionasoneofthe plans, including waving the &GravelCo.,whichhadprevi- pleastochargesoffirst-degree Fugate,eventhoughsomerela-
forfederalcontractsandthatit mostconcretesignsMr.Trump need for environmental in- ouslybidonthecontract,lost, murderandconspiracy. tivesofStarkweather’svictims
justify its contract selections. is fulfilling his campaign spectionsatitsbuildingsites thensuedtheadministration. Authoritiesfoundthebodies lobbiedinherfavor.
accordingtothenotice,which promises. As part of his re- andshiftingbillionsofdollars Thecompany’sowner,Tommy ofthreechildrenandtwoadults Ms.Fugatewas14when
issettobepublishedThursday election effort, Mr. Trump’s fromtheDefenseDepartment’s Fisher,isaprominentRepubli- inwhattheysaidwasatrashed Starkweather,then19,wentona
intheFederalRegister. advisers have discussed pro- budgettopayfortheproject. candonorfromNorthDakota Morrisville,Pa.,apartmentin killingspreein1957-58thatleft
Disregarding such require- ducingvideosofconstruction So far, federal courts have whofrequentlyappearsonFox early2019andsoonafterar- 11peopledeadinNebraskaand
mentscouldallowtheDepart- crewsworkingontheproject sidedwiththeadministration. News and other conservative restedShanaandDominiqueDe- Wyoming,includinghermother,
mentofHomelandSecurityto andtakingdelegationsofpolit- Rep. Bennie G. Thompson newschannelstoutinghisabil- cree,chargingtheminthe stepfatherandbabyhalf-sister.
more quickly erect new sec- icalsupporterstotheborder. (D., Miss.), chairman of the itytobuildawall. deaths.Authoritieshavesaid Themurdersformedalooseba-
tionsofbarrier,astheadmin- Theaffectedprojects,DHS House Committee on Home- FisherSand&Gravelsaidin fourofthevictimsweresuffo- sisforthe1973movie“Bad-
istrationworkstowardmeet- said, span 177 miles across land Security, criticized the Decemberthatitwonthecon- cated,whileonewasstrangled. lands”andwerethesubjectof
ing a self-imposed goal of California,Arizona,NewMex- waiver plan in a statement tract through a fair process, ThevictimswereShanaDe- BruceSpringsteen’ssong,“Ne-
completingabout450milesby icoandthewesternstretchof Tuesday. bypitching“thelowest-priced, cree’schildren,Naa’IrahSmith, braska,”andreferencedinBilly
theendof2020. Texas, and at least 94 miles “Thiswaiverisanotherex- technically acceptable offer,” 25,andDamonDecreeJr.,13; Joel’s“WeDidn’tStarttheFire.”
“We hope [waiving those areexpectedtobecompleted ample of bait and switch by and that it would cooperate ShanaDecree’ssisterJamilla Ms.Fugatewasparoledin
laws] will accelerate some of thisyear. the president. If he really withtheinvestigation. Campbell,andMs.Campbell’s9- 1976afterserving17yearsfor
the construction going on DHS has wide authority to cared about stopping the The company didn’t re- year-oldtwindaughters,Imani murder.Starkweatherwasexe-
along the southwest border,” waive most federal laws—in- drugsthatarekillingourkids, spond Tuesday to a request andErikaAllen. cutedin1959attheageof20.
actingHomelandSecuritySec- cluding those protecting the he’dstrengthenportsofentry forcomment. —AssociatedPress —AssociatedPress
Explore the forces Speakerswillinclude:
shaping health and
health care.
DavidS.Wichmann LarryJ.Merlo
CEO,UnitedHealthGroup PresidentandCEO,CVSHealth
TheWallStreetJournal’sannualHealthForumwillgatherbusinessleaders,
policymakers,scientists,technologistsandotherexpertsfromacrossthe
healthandhealth-careindustriestoaddresstheforcesshapingthiskeysector
oftheeconomy.Pleasejoinusforadayofdiscussionanddebate.Topicswe’ll
tacklethisyear:
AmyP.Abernethy,M.D.,Ph.D. AlexanderHardy
PrincipalDeputyCommissioner, CEO,Genentech
• Thecorporateconsolidationthat’sreshapinghealthcare U.S.FoodandDrugAdministration
• Whynewdrugsare—andaren’t—developed
• Howtoreinvigoratetheantibioticpipeline
• Exploringthehumangenomeformedicalbreakthroughs
• Craftingtherightregulationforthenextdecadeofhealthcareinnovation
• Howtheelectionof2020couldalterWashingtonhealthpolicy
PatriceA.Harris,M.D. TrevorMundel,Ph.D.
• Theriseofheart-diseasedeathsintheU.S.,andtheimpactofgunviolence President,AmericanMedicalAssociation President,GlobalHealth,Bill&Melinda
GatesFoundation
onthepublic-healthdebate
MARCH 24, 2020
| WASHINGTON, D.C.
HEALTHFORUM.WSJ.COM
REGISTER TODAY:
Sponsoredby
SekarKathiresan,M.D. NiecaGoldberg,M.D.
CEO,VerveTherapeutics ClinicalAssociateProfessorandMedical
Director,TischCenterforWomen’sHealth,
NYULangoneHealth
©2020DowJones&Co.,Inc.AllRightsReserved.6DJ8133
THEWALLSTREETJOURNAL. Wednesday,February19,2020|A7
*****
WORLD NEWS
Ship Quarantine Faulted as Infections Rise
U.S.physicianaboard Just before he was sup- Cumulativecoronaviruscases antine,theoutcrywouldhave
posed to get on a U.S.-char- ontheDiamondPrincess been even greater because
cruisevesselsaid
tered plane back home with cruiseship some could be harboring in-
crewlackedtrainingto his wife, Regina, Dr. Hopland fections.“You’retellingmeit
Infected Tested
gotaknockonhiscabindoor would have been OK to have
isolatepassengers Restofship
and learned the hard way everyonereleasedbackthen?
what could happen when his Ifso,we’dliketodothatnext
4,000passengersandcrew
BYSURYATAPABHATTACHARYA warningsweren’theeded:Mrs. time.”
ANDMIHOINADA Hopland tested positive for Mr. Ishida acknowledged
thenovelcoronavirus.Healso the virus has spread some-
TOKYO—Afterdecadesasa found out his room steward 3,000 what on the ship, but said,
primary-care doctor in Eliza- hadtakenill. “Wesucceededincontainingit
bethton, Tenn., Arnold Hop- Mrs. Hopland, 74, is in a toacertaindegree.”
land thought he knew some- Tokyo-areahospitalnow,while 2,000 Some 60 Americans who
thing about preventing Dr.Hopland,75,whowastold testedpositiveremainbehind
infections. And the way they he didn’t have the virus, re- inJapan,mostlyinhospitals.
weredoingavirusquarantine mainsonboard. Rep.RoesaidU.S.healthoffi-
1,000
on the Diamond Princess “IwassurprisedIwasnega- 542 cials were discussing how
cruiseshipdidn’tlookright. tivebecauseIknewthevirus D cases thosepeoplecouldberepatri-
N
Dr. Hopland, a passenger, had swept through this boat PLA ated.Fourteenpassengerson
countedasmanyas10interac- likewildfire,”Dr.Hoplandsaid. HO 0 thetwopreviousrepatriation
D
tionsadaywithstaffcoming “Myanalogyistheyputusina OL Feb.5 Feb.18 flightstestedpositivebuthad
N
todelivermeals,toiletriesand petridishtogetinfected.” AR Source:Japan'sMinistryofHealth,Laborand no symptoms and were al-
chocolate to keep up spirits. After 328 Americans flew Dr.ArnoldHoplandandReginaHoplandontheDiamondPrincess. Welfare lowedontheplanes.
Passengersweredryinglaun- backtotheU.S.onMondayon Japan expects to get most
dryontheirbalconieswithout U.S. government-chartered “Myinitialassumptionwas quarantine. They also said they remaining passengers off the
wearing face masks. Some cargojets,thedisembarkation that quarantine cannot be Rep. Roe said he spoke to strengthened antivirus mea- ship by Friday. Everyone is
leaned over to talk to their of the remaining Diamond maintained on a boat, and I U.S. health officials and they suresovertime.Initiallystew- getting tested for the virus,
next-doorneighbors. Princess passengers began believeithasbeenclearlyheld shared his concern that the ards were handing out food and those who are negative
Asthetwo-weekquarantine Wednesdayatitsdockingspot true,”Dr.Hoplandsaid. situation on the ship was ex- prepared on ship hand-to- won’thaveanyrestrictionson
came to an end Wednesday, inYokohama,southofTokyo. In the middle of the quar- posingpassengerstohighrisk. hand, but as of Tuesday, a theirmovements,Japaneseof-
the result of such holes was Thenumberofinfectionsso antine,Dr.Hoplandexpressed “That was key in getting company was preparing the ficialssaid.
becoming clear. On Tuesday, far—542 as of Tuesday—rep- hisconcerntoafriendandfel- themevacuated,”hesaid. mealsoutsidetheshiptopre- Still,mostcountriesarefol-
thenumberofpassengersand resentsaboutoneinsevenof low medical doctor, Rep. Phil Japaneseofficialsdefended ventinfectionsviafood. lowing the U.S. lead and re-
crew who caught the novel the 3,700 originally aboard Roe (R., Tenn.). In a call, Dr. theirresponseasthebestun- Keiichi Ishida, a health quiring returning citizens to
coronavirus passed 500, andmakesthecruiseshipthe Hoplandsayshetoldthelaw- derthecircumstances,saying ministry official, said if the undergotwoadditionalweeks
Japan’s government said, of- largest known outbreak site maker that the crew was it wasn’t clear how else the government had let people of quarantine. Countries in-
fering new evidence that the outsideofChina.Testresults workinghardtokeeppassen- publiccouldbeprotectedand who had no symptoms or cludingCanada,Australiaand
quarantinefailedtostopmore formorethan1,000peoplere- gers well-fed but didn’t have therewasn’tanyobviousplace testednegativeleavetheship Italy are sending planes for
peoplefromgettinginfected. maintobereleased. the training to carry out a tosendthepassengers. intheinitialdaysofthequar- theircitizens.
Testing of
Drug Hits
Hurdles
In Wuhan
BEIJING—Clinicaltrialsun-
derwayinWuhanforanexper-
imental antiviral drug from
GileadSciencesInc.—seenasa
possible remedy for the new
coronavirus—are going more
slowlythanhopedasthedrug-
makerstrugglestofindquali-
fiedpatients.
Thetrialsaimtotestmore
than700patientsinfectedwith
RESS the Wuhan coronavirus, but
P had enlisted fewer than 200
A
UM peopleafter10days,according
Z
A/ to data reported by China’s
U
NH MinistryofScienceandTech-
HI/XI nologyonSaturday.
GZ The trials were first an-
N
ZO nouncedonFeb.5atWuhan’s
NG Jinyintan Hospital, one of the
A
HU mainfacilitiestreatingcorona-
AworkerreturningfromsouthwestChina’sGuizhouProvincedisplayedaQRcodeshowinghisphysicalconditionataHangzhourailstationonSunday. viruspatientsinthecityatthe
epicenteroftheoutbreak.Ac-
Beijing Turns to Health Apps for Tracking
cording to state-run Xinhua
NewsAgency,theplanwasto
recruit 761 patients infected
with the virus, including 452
BYLIZALIN classifypeopleintothreecate- Alibaba platforms, then as- toarequestforcomment. government-mandated boost peoplewithsevereconditions
goriesofexposuretotheout- signsthepersonacolor-coded China’s ruling Communist totrafficontheirplatforms. and308withmildandmoder-
China’s technology titans break—green,yelloworred— badge.Thosemarkedasgreen Partyisunderpressuretore- Both Alibaba and Tencent atesymptoms.
are deploying health-rating based on their health aregiventheallcleartoroam start the country’s economy havesaidtheyhavenoaccess To qualify for the trial, se-
systems to help authorities conditionsandtravelhistory. relatively freely around the aftertheoutbreakofthefast- tohealthandtraveldata. verely ill patients had to be
track the movement of mil- Gaming and social-media be- city,andaregivenaQRcode spreadingcoronavirusledthe So far, the systems have within 12 days of the illness’s
lionsofChinesewhoarepre- hemothTencentHoldingsLtd. topresentatcheckpointssuch governmenttoextendthean- drawn a mix of praise and onsetandcouldn’thavetaken
paringtoresumeworkatfac- createdasimilarprogramfor as subways, office buildings, nual Lunar New Year holiday scorn.Hangzhou’sgovernment other treatments within the
tories and other businesses, thesoutherncityofShenzhen. mallsandothercrowdedpub- and impose lockdowns. Busi- saidtheplanhasmadeiteas- preceding30days,accordingto
adding a new and controver- Ant Financial said the na- nessinseveralplaceshasbeen iertorestartworkandfactory thescreeningcriteria.Patients
sialtoolinthecountry’sbattle tional system could be broughttoavirtualstandstill. productionwhilestillisolating withmildandmoderatecases
to contain the fast-spreading launchedasearlyasthisweek. Systemsallowthe In a survey released Mon- thoseinfectedwiththevirus. neededtobewithineightdays
coronavirusoutbreak. Tencentalsoisworkingtoex- daybytheAmericanChamber But flaws have led to serious oftheillness’sonset.
governmenttotap
China’s official Xinhua panditssystemnationwide. of Commerce in Shanghai of disruptions in the lives of Thecriteriahavepractically
News Agency reported this In Hangzhou, users are computingpowerit 109 manufacturers, 78% of someresidents. ruledoutfindingqualifiedcan-
weekthatthecountry’scabi- prompted to enter their per- companies said they didn’t A system that relies on didates in Wuhan since many
lacksonitsown.
net,theStateCouncil,hadin- sonalinformationandlocation have sufficient staff to run a travelrestrictionsandself-re- patientshavetakenmedication
structed Alibaba Group Ltd. when registering. They then fullproductionline. porteddatacouldfailbecause at home, whether treatments
affiliate Ant Financial Ser- selfreporttheirphysicalcon- In turning to Alibaba and thestigmaattachedtobeinga recommended by state media
vicesGrouptoexplorethena- dition—choosingfromalistof Tencentforhelp,China’sgov- carrier incentivizes people or based on anecdotes they
tionwide rollout of a rating options such as a dry cough, licplaceswhenmovingabout. ernmentisexploitingitsclose whohavebeenexposedtothe readonlinewhilewaitingtobe
apptohelpgovernmentscon- fever or asymptomatic—and Staffatthesecheckpointswill relationships with the coun- virustolieabouttheirstatus, admittedtohospitals.
trol which people can travel areaskediftheyhavetraveled scan or visually check this try’s most influential tech said Peter Daszak, the presi- According to video footage
intoandaroundthecitydur- in the last 14 days or come code and take their tempera- companies. By working with dent of EcoHealth Alliance, from Xinhua, the Gilead drug
ingtheoutbreak. intocontactwithsuspectedor turesbeforetheyareallowed the companies, the govern- whoseNewYork-basedorgani- knownasremdesivirwasfirst
Alibaba and Ant Financial confirmed coronavirus cases topass. ment can tap computing zationconductsresearchinto administeredintravenouslyon
worked with the government inthesameperiod. Little has been said about power and expertise it lacks infectiousdiseases. Feb. 6 to a 68-year-old man
of Hangzhou to develop a The system, operated by the national system, and the on its own. The companies, —YangJieandStuWoo who had developed severe
smartphone-based system to the city government through State Council didn’t respond meanwhile, benefit from a contributedtothisarticle. symptoms and was treated at
JinyintanHospital.Itisunclear
whetherthepatientwasgiven
Coronavirus Exposes Businesses’ Dependency on China thedrugaspartofatrialorfor
emergencyuse.
AGileadspokeswomansaid
thestudiesarebeingconducted
BYYOKOKUBOTA riskwereinstructedtomoni- is going to really hamper” that foreign companies face niesarerunningshortofpack- byChineseofficials,notGilead.
tor health conditions on the their business, said Jörg now in China is broad, Mr. ing materials, while many A prominent Chinese re-
JustastheU.S.-Chinatrade ground,withapriorityplaced Wuttke,presidentoftheEuro- Wuttkesaid.Manytruckdriv- shopping centers are closed. searcher,Dr.CaoBin,was de-
war was starting to fade, the oncontrollingthedisease. peanChamberofCommercein erswhocarrycomponentsand Withfewerflightsandshipsto ployed to Wuhan to help lead
coronaviruscrisisisexposing Companiesalsoareoffering China. Many companies will goods have had to face quar- and from China, less room is themedicalcareofpatientsas
howheavilydependentforeign bonusestoworkersandhelp- looktodiversify,hesaidTues- antine of up to two weeks as available to ship goods over- well as the two clinical trials.
companies are on China for ing organize group trips for day, “seeing that not all eggs they go from one city to an- seas,Mr.Wuttkesaid. The doctor didn’t respond to
theirproductionandbusiness. employeestoreturntowork. areinonebasket.” other,slowingdownlogistics. Apple suppliers have re- requestsforcomments.
Asthenewviruscontinues AppleInc.becamethefirst Applewithdrawingitsprior Sourcing materials and com- startedsomeplants,butmore Otherthanremedesivir,the
tospreadinChina,citieshave major American company to guidancewasn’tsurprisingbe- ponents have been difficult. timeisneededtogetproduc- antimalarial drug chloroquine
been locked down, logistics sayitwon’tmeetitsrevenue causeroughly70%ofthecom- Many employees who left tion levels back to normal, andtheinfluenzadrugfavipira-
and the movement of people projections for the current pany’s revenue is generated town have been unable to peoplefamiliarwiththemat- virhavealsoshownsomeeffi-
hampered, and consumer de- quarterbecauseofthecorona- from products manufactured comebacktoworkatfactories terhavesaid. cacyinclinicaltrials,according
manddented,leavingcompa- virus outbreak. Apple assem- in China, according to Bern- oroffices,astheyfollowquar- Amajorreasoncontinuesto to a Ministry of Science and
niesgrapplingtoresumebusi- bles most of its products, in- steinanalystToniSacconaghi. antine rules; and those rules beworkershortage.Thequar- Technologyofficial.
nessoperations. cluding the iPhone, in China HesaidHPInc.,DellTechnol- as well as other government antine of nearly 60 million Meanwhile, Sanofi SA has
In a sign of how devastat- throughcontractmanufactur- ogiesInc.andHewlettPack- ordershavevariedcitybycity, people in Hubei province entered the race to develop a
ingtheeconomicimpactcould erssuchasFoxconnTechnol- ardEnterpriseCo.areamong regionbyregion,causingcon- means that workers who vis- vaccineagainstthenewcoro-
be, China’s State Council on ogyGroup. tech hardware companies to fusion. itedfamilyintheregionover navirus, joining a handful of
Tuesday called on regions “I think many companies watchconsideringtheirexpo- Andevenifcompaniesare the Lunar New Year holiday drugmakersanduniversityre-
withlowerriskfromthevirus have realized their complete sure to China based on their able to produce goods, there can’tgetbacktotheirjobs. searcherslookingforawayto
toresumefullproduction.The dependence on China. If the supplychain. arehurdlesinshippingthose —YinYijun preventitsspread.
regions deemed to be higher countrygoesdownlikethis,it The range of challenges goods to consumers. Compa- contributedtothisarticle. —FanfanWang
A8|Wednesday,February19,2020 THEWALLSTREETJOURNAL.
WORLD NEWS
Travel Bans
BagsArePacked
TravelersfromChinahave
Thwart
skyrocketedinrecentdecades,
andvisitorstothecountry
havealsogrown.
Chinese
150million
TravelersfromChina
125
ContinuedfromPageOne
100
lihoodsareimpacted,andegos
bruised.
75
The checks on its people
undermine core Chinese gov-
ernmentambitionstoposition 50 Travelers
the country at the center ofGES toChina
A
global diplomacy, commerce M 25
I
aenmxneopsddsoceraurtnnlddtueeraafelifs.ro,pTrcothosrenttysvoetphnaortsiesoiatntgieolbnnoubiisttaiss-lPRESSE/GETTY 10995 2000 ’05 ’10 ’15
transitpoints. NCE- Source:WorldBank
The international commu-RA
F
nity’s defensive posture also NCE fortablecallinghistreatment
stands in contrast to assur-GE discriminationandsaid“there
A
ances from Beijing that the RI/ may be other factors.” The
U
coronavirus is under control. O shipisnowsailingforAfrica.
SF
Themeasuresrepresentsome A The art dealer, Ms. Sun,
S
of the few points of leverageOLA doesn’trecallatimeinherlife
manycountriesstillhavewith NIC when she didn’t have a pass-
China. port.Sheexperiencedforeign
It is an abrupt snapback. Above,thenearlyempty culturesasagirlinthe1990s
Allcornersoftheglobesought terminalatBeijingDaxing whenherfamilyjoinedatour
tocapturethespendingpower InternationalAirportonFriday. popularwithnovicetravelers
of the 150 million interna- Right,JingSun,whohandles dubbed“xin-ma-tai,”referring
tionaltripstakenannuallyby internationalmarketingata totheMandarinabbreviations
Chinese. The U.S. and Japan Beijingartgallery,traveledto for Singapore, Malaysia and
offer10-yearvisas,airlinesad- theNorthPoletwoyearsago. Thailand.
vertise Mandarin speaking Bythetimeshewasateen-
flight attendants and hotels justahandfulofbusinessjets ager,Ms.Sunwasflyingalone,
equiproomswithteapots. departing Beijing since the including to St. Louis, near
globallockdown. whereshespenttwoyearsof
The2003outbreakinChina high school, followed by uni-
Missing clients
of severe acute respiratory versity programs in Boston,
Ms.Sun,whohandlesinter- syndrome,orSARS,disrupted New York and London. Ms.
nationalmarketingforalead- travel,too,butplaneskeptfly- Sun worked in museums and
ing Beijing gallery, Long ing. It was an era when over galleriesalongtheway.
March Space, had to cancel twiceasmanyvisitedChinaas In 2015, the U.S. State De-
her mid-February attendance traveledabroad. partmentstampedamultiple-
atFriezeLosAngeles,amajor The international mobility entryvisainherredpassport
artfair.Thisweek,despite14 ofChina’speopleskyrocketed goodthroughAugust2025.“It
months of preparation, she alongwithitseconomyinthe definitelygivesmeasenseof
won’tbeinNewYorktohost past two decades. TouristsN security;ifIwanttogotothe
U
museumdirectorsandmillion- flood Paris, Kyoto and NewS U.S.,IcangototheU.S.,”she
G
aire collectors she invited to York. Power brokers for Chi-JIN said.
Soho to see works by artist nese technology multination-
Guo Fengyi, whose intricate als such as Alibaba Group blyCalifornia. Japan go into Chinese pass- tion” upon arrival that or-
Morocco visit
drawingscommandpricesup HoldingLtd.andHuaweiTech- “The glory of the ancient ports, and more than 160 deredthemout.
to$60,000. nologiesCo.dodealsglobally, silk routes shows that geo- flights weekly connect China Their planned six days in Two years ago she and
“For us it’s devastating and VIPs hop private jets to graphical distance is not in- andAustralia.BeijingCapital Taiwan turned into 25 hours friends ventured to Finland
emotionally,”saidMs.Sun,ad- January’sWorldEconomicFo- surmountable,” Mr. Xi pro- Airport is the world’s second onairportbencheswaitingfor andtheNorthPoletositwith
mitting she has felt “confu- rum in Switzerland and claimedin2017. busiest,afterAtlanta’sHarts- seatsonareturnflight.“Idid Santa, pet his reindeer and
sion,sadnessandfear.” France’sCannesFilmFestival Eagertoattractthespend- field-Jackson. notexpecttheepidemictode- ride snowmobiles. Later Ms.
OffalsoisherBarcelonaso- each May. Thousands of Chi- ing of Chinese visitors, over For marketing executive velop so quickly,” Ms. Chen Sun flew to Morocco and
journ,andshenowtalksinthe nese flock to Nebraska each 70countriesfromThailandto Chen Hua, the welcome mat said. called the landscapes, food
past tense about her plan to spring for Warren Buffett’s Serbia welcome them visa- seemed to disappear during Onbreakfromhermasters andculture“justsoexotic.”
seeAustralia. Berkshire Hathaway Inc. an- free.Chinesecitizensarenow thetwohoursonJan.25that program at the University of Now based in Beijing, Ms.
China’s government nualmeeting. second among recipients of she was airborne between Sydney,SheYuxuanwasvisit- Sunattendsarteventsworld-
sparked the travel tangle in It’s a recent boom. Sealed U.S.nonimmigrantvisas,after Nanjing and Taiwan. Unbe- inghergrandmotherinWuhan wide.Shescoursairlinetime-
lateJanuarybyabruptlylock- borderscharacterizedMaoZe- Mexicans,with1.1millionlast known to her group, the is- last month when the city tables for overnight flights
ingdown60millionpeoplein dong’s China, and in the year, and many of those per- land’sgovernmenthadbanned abruptlyshutitsborders.Her that offer a chance to sleep
Wuhan,thecentralcitywhere roughly three decades of his mitmultipleentriesovera10- visitors from China, so her 23rdbirthdaypassedwithout aheadofwhirlwindschmoozes
the outbreak was first de- rule, only 210,000 passports yearperiod.Nearly80%ofin- two-family party of nine was presents, and the lockdown withcollectorsandcelebrities.
tected and remains concen- were issued. When ordinary ternational visas issued by handeda“LetterofRepatria- prevented a short trip she “You’reinheelsandyouhave
trated, and the surrounding citizens started getting pass- plannedtoJapanandherre- to look perfectly beautiful,”
province, Hubei. City and portsinthe1990s,mostwere TravelGiant turn to Australia, where she shesaid,jokingthepressureis
neighborhoodblockadescon- single-use, and it wasn’t un- has rented an apartment and an“exhilaratingnightmare.”
Chinahasbecomeaworld-widepowerintravel,especially
strainedmovementelsewhere. usualforapplicantstoreceive owes school fees. “I feel so SheconnectedwithaBrit-
comparedtoitsvirtuallyclosedbordersintheMaoZedongera.
Itcreatedanationalgridlock a visit from suspicious state isolated because I’ve been ish collector’s representative
smackinthemiddleoftheLu- securityagents.Asrecentlyas staying home for a month,” ataSwissfairin2017,flewto
Passports International Chinesetravelin2018
nar New Year holiday, the the early 2000s, just seven said Ms. She. “When is this Londontofollowup,andhas
issued trips
world’slargestannualmigra- Chinese out of 10,000 went goingtoend?” since sold the client over $4
662,000
tionofpeople. abroad, and their primary 30million Studentsabroad SteamingoutofMexicofor millioninartwork,includinga
Soon, the U.S. and other “foreign” experience was a (2018) Hawaii, Japan and China large sculpture designed for
countries advised their citi- tourpackagetoHongKong. 114499..77mmiilllliioonn 2.2million aboardaSemesteratSeavoy- themiddleofalake.“Face-to-
zenstodepartChina,anddoz- ((22001188)) Cruisetravelers ageinearlyJanuary,YanYue- face consulting means a lot,”
ensofairlineshaltedflightsto haowaslookingforwardtoa Ms.Sunsaid.
Study abroad
thecountry,blamingcratered 150million LunarNewYeardockinginhis While visiting her parents
demand. China’s diplomats Today,over180millionChi- 210,000 1.7million Passengersonnation’s hometown, Shanghai, where fortheLunarNewYearinlate
havetried,andmostlyfailed, nesecitizenshaveapassport. (1949–79) (1949–79) largestairline,China heplannedtodazzlehisship- January,Ms.Sungrewanxious
to compel other nations to Incomparison,some146mil- SouthernAirlines mates with its bright holiday the coronavirus might
heedWHOadvisoriesandre- lionU.S.passportsareincir- lanterns. threaten her U.S. trip. “I just
Internationaltourism
laxtherestrictions.“Toavoid culation. Yetbadnewsaboutthecor- needmypassport,Ijustneed
relations Shuttingdowntravel*
causing panic and impeding Chinese tour groups serve onaviruscaughtuptothecol- mypassport,”sherepeatedto
normal personnel exchanges about160nations.Morethan U.S.,Australia, 30 legejunioreveninthemiddle herselfoverdinnerwhileplot-
and practical cooperation in 660,000 Chinese study over- Canada,Israel,Japan, Airlineshavesuspended ofthePacificOcean,including ting an immediate departure
various fields,” governments seas,makingeducationoneof Singapore,S.Korea serviceto/fromChina cancellation of the Shanghai forLosAngeles.
should not “overreact,” Chi- the biggest exports to China Areamongthenations stop. No one was sick among “Then the announcement
25,000
neseForeignMinistryspokes- fromtheU.S.andAustralia. offering10-yearvisas the500studentsonMr.Yan’s came,” she said, referring to
Airlineseatcancellations
man Geng Shuang said Tues- President Xi Jinping has vessel,soitkeptsailing. new U.S. restrictions on visi-
72
day. made international connec- $652million tors from China. She dis-
Nationsofferingvisa-free
HongKongprivatejetadvi- tions a cornerstone policy oron-arrivalvisas Lostairlinerevenue Vietnamese port patched regrets to her art-
soryAsianSkyGroupsaidde- called the Belt and Road Ini- world clients and
mandforchartersinChinais tiative. The president envis- 159 78 When the Semester at Sea contemplatedwhatshecando
upaspeopletrytoavoidcom- ages infrastructure linking Nationsservedbytour Nationsapplyingcontrols shipdivertedtoaVietnamese online, but conceded “being
groups likequarantinesandbans
mercialcarriers,evendomes- China with Europe along the port last week, local authori- there, and not being present
onChinesevisitors
tically,butforcrews“thereis ancient Silk Road and on sea ties barred only Mr. Yan and makesabigdifference.”
significant reluctance to per- routes first plied by a 15th- *SinceJanuary two other mainland Chinese —QianweiZhang,LekaiLiu
Sources:Xinhua(passports,visa,trips,cruises,passengers);MinistryofEducation(students);
form flights into China.” century mariner, Zheng He, passengers from disembark- andZhaoYueling
OAG(cancellation,revenue,seats);companystatements(airlines);ChinaNationalImmigration
FlightAware.com data show whoreachedAfricaandpossi- Administration(bans) ing.Mr.Yansaidheisn’tcom- contributedtothisarticle.
FROM PAGE ONE
Dow Hits
10000,butonlythreemoreto about$25to$150. a “DOW30K” license plate, needstoquicklymodifyhisli- The celebration of Dow
get to within 1.5% of 30000 Licenseplatesrelatedtothe but Mr. Flasck says he as- censeplate. milestones by traders and fi-
40000, on last week. The higher the Dow hitting 40000 also are sumes he would be first in TheUniversityofLouisville nancialjournalistsextendsbe-
benchmarkclimbs,thelessim- takeninCaliforniaandWash- linefor“DJ80000”ifthein- graduate plans to keep using yondlicenseplates.
pressive each milestone be- ington,TheWallStreetJour- dex gets to 40000. He plans social-media accounts on NicholasTyburskiandJeff
Plates comesonapercentagebasis. nal determined through a re- tomovehis“DJ40000”plate Twitter and Instagram called Coons,aduoinnorthwestAr-
OtherDowlicense-plateafi- viewofonlinerecordsandby from a Jaguar he recently @Dow20K,areminderofthe kansas who started selling
cionados also are trying to contacting motor-vehicle de- sold to a new Corvette com- once-outlandishcallthateven- “Dow20,000”hatsoneBaya
stayaheadofthemarket. partmentsacrossthecountry. ingoutinFebruary. tuallycametofruition. few years ago, have also cre-
In2017,EvanThurmond,a Variationson30000arein “PeoplerecognizeIstarted ated “Dow 25,000” hats and
ContinuedfromPageOne moneymanagerinLouisville, useinatleasteightstates,in- there,soIkeepit,”Mr.Thur- “Dow 30,000” headgear re-
nowclosinginon30000,Mr. Ky., replaced a “DOW20K” cludingNewYork,Pennsylva- mondsays. cently. (The hats include a
Flasckisn’tcontemplatingan- platehehadownedforyears nia and Virginia. And 50000 He acknowledges the Dow comma,whichisn’ttheJour-
otherchange,atleastnotyet. with a “DOW40K.” He, too, plates are already taken in a isn’tthemostrelevantgauge nal’s style for rendering the
The Toledo resident is stick- says80000wouldbehisnext fewstates,includingAlabama forU.S.stocks.Manyinvestors number.)
ing to the theme of the Dow target. andNorthCarolina. preferthebroaderS&P500in- Theyplantokeepmarking
doubling. “Big numbers make big Mr.Flascksaysheendured dex. The two indexes include 5,000-pointmilestonesincase
If and when the index hits numbers….I’vegottokeepthe yearsofridiculefromfriends, Wishfulthinking? different companies and are therecentrallystalls.Mr.Ty-
40000, the 78-year-old plans double up,” says Mr. Thur- familyandclientsfordriving calculateddifferently. burski,a40-year-oldfinancial
togoforaplatetiedtothein- mond, the founding partner withlicenseplatestiedtothe Mr.Thurmond,forhispart, “Idon’tevenpayattention adviser, says he expects Dow
dex hitting 80000—a plate anddirectorofportfolioman- Dow doubling. After peaking saysheisknownforbeingan totheDowreally,”admitsMr. 50000 to be the next major
changehepredictscouldhap- agement for Lifetime Wealth above14000inOctober2007, optimist, and that he comes Thurmond,whonowdrivesa levelthatgarnerswidespread
penshortlyafterheturns80. Strategies, which manages the index plunged to 6547 in fromafamilyoffinancialad- BMWafterpreviouslyattach- attention.
“Thatgivesmeayearanda about$150million. March2009duringthedepths visers,limitingthemockeryhe ing his “DOW20K” tag to an When told about the li-
half of breathing room,” he Moststatesallowdriversto ofthefinancialcrisis. had to endure after he first Acura. “The S&P really is a cense-platephenomenon,Mr.
says. “It sure looks like 40 is personalize license plates as “I was pretty embarrassed got the “DOW20K” plate in moreappropriatebenchmark, Tyburski ordered a “DOW
notoutoflineanymore.” long as they aren’t offensive with ‘DJ 20000’ for quite a 2006. He jokes that he still but ‘S&P6K’ doesn’t really 30K”plateforhiscar.
The Dow took nearly 18 or insulting. Costs vary by while,”hesays. keeps a Sharpie in his glove makeawholelotofsenseon —JimOberman
years to rise to 20000 from state,buttypicallyrangefrom AnotherOhioresidenthas compartment in case he ever mylicenseplate.” contributedtothisarticle.
THEWALLSTREETJOURNAL. ** NY Wednesday,February19,2020|A8A
GREATER NEW YORK
Stop-and-Frisk Rise Tied to Reporting
Totalfor2019wasup andLatinoNewYorkersatdis- betterreporting,”saidDevora
proportionatelyhighrates. Kaye,anNYPDspokeswoman.
22%to13,459,butstill
In 2013, a federal judge Civiliancomplaintsofstop-
farbelowthehighof ruled the NYPD’s policy of and-friskbyofficershavede-
stop-and-friskwascarriedout clined from a high of 2,557
685,724in2011
inanunconstitutionalmanner complaintsin2007toalowof
andorderedtheinstallationof 776 complaints in 2019, ac-
BYBENCHAPMAN acourt-appointedmonitor. cording to data collected by
ANDKATIEHONAN Public debate about the theindependentCivilianCom-
practice reignited last year, plaintReviewBoard.
An increase in reports of when former Mayor Michael CityCouncilSpeakerCorey
stop-and-frisk by the New Bloomberg, who is pursuing Johnson,however,saidthein-
York Police Department in the Democratic presidential crease in reported stops by
2019afteryearsofdeclinewas nomination,apologizedforhis GES NYPD officers for 2019 is
duetobetterrecord-keeping, supportofthepolicingstrat- MA “alarming” and should be in-
law-enforcementofficialssaid. egyduringhisthreetermsas YI vestigated.
Therewere13,459reported mayor. GETT “It’s a very significant
instancesofstop-and-friskfor Mayor Bill de Blasio, a SSE/ jump,andIwanttoknowwhy
the year, up 22% from 11,008 Democrat,has touted the de- RE that jump is so high,” Mr.
P
instances in 2018, the NYPD clineinstop-and-frisksduring NCE- Johnson,aDemocrat,saidata
said.Thenumberofreported his two terms in office. He A newsconferencelastweek.
R
ssitnocpes2w0a1s5,thbeutNsYtPilDl’lsowhigchoemst- sbaeiednlcaosntcweerneskatbhoatutthuenrdeerhraed- GENCEF torTohveecrosueertin-agppstooipn-taenddm-forinsik-
paredwithpreviousyears. portinginthepast,andthein- R/A in the NYPD, Peter Zimroth,
Thenumberfellfromahigh crease showed officers had a NCU also has cautioned about un-
pofoi6n8t5,e7v2e4rinin22001118t,oaitcscolorwdiensgt bweatstear“usntodpe.r”standingofwhat ABETA derNreewporYtionrgkthCeivpilraLctibiceer.ties
N
totheNYPD. “Ithinktherewassomeun- KE Union Legal Director Chris
Thepolicygivespoliceoffi- derreporting, and now we’re TheNYPDpolicyallowsofficerstostop,questionandfriskpeoplewhomtheysuspectofcriminalbehavior. Dunn said scrutiny of the
cersfar-reachingauthorityto seeing the accurate number,” NYPD’s monitoring of stop-
stop,questionandfriskpeople he told reporters at an unre- date—orwhenitissuggested crease in reported stops in training. and-friskiswarranted.
whomtheysuspectofcriminal lated news conference in Al- by very specific conditions— 2019wasduetobetterrecord- “The result is a better un- “If stops are not being re-
behavior. bany. that’sthewayit’ssupposedto keeping that was driven in derstandingofaverycomplex ported,thenthereisnowayto
Citingstatistics,opponents “Astopisusedoccasionally be,”headded. partbyofficers’useofbody- areaoflaw,correctionofcom- make sure that they’re being
ofthepolicysayitaffectsblack now, and when it is a man- NYPD officials said the in- worn cameras and increased mon misunderstandings and donelawfully,”Mr.Dunnsaid.
Gov. Murphy Proposes
Antiharassment Laws
BYKATEKING changes in the Legislature to
maybemakeitabitstronger.”
New Jersey Gov. Phil Mur- Ms.Weinberg,aDemocrat,
phyisproposinglegislationto createdtheWorkgrouponHa-
better protect workers from rassment,SexualAssaultand
harassment and discrimina- MisogynyinNewJerseyPoli-
tion, even as he defends tics after NJ Advance Media
against allegations involving published a story in late De-
hiscampaign. cemberdescribingtheexperi-
Mr. Murphy, a Democrat, ences of 20 women, many of
saidTuesdaythathewantsto whomspokeanonymouslyand
allow domestic workers and said they had been harassed
unpaidinternstofilediscrimi- andsexuallyassaulted.
nationlawsuitsandextendthe The group will hold two
statute of limitations for all publicforumsinMarch.
suchcomplaintstothreeyears Ms. Brennan, who is suing
fromtwo.Hisproposedlegis- Mr. Murphy’s campaign and
lationalsowouldrequirepub- the state of New Jersey, re-
lic and private employers to leasedherownpolicypropos-
provideantidiscriminationand alsTuesday.
antiharassmenttraining. Some recommendations
“The behavior we are tar- would apply to how law-en-
RESS geting has gone on way too forcementofficershandlesex-
P long,” Mr. Murphy said at a ual-assaultcomplaints,includ-
A
UM news conference in Trenton. ing mandating trauma-based
Z
A/ “It has been our intention trainingforpoliceofficersand
P
N/D fromtheverybeginningtoset requiringprosecutorstocom-
STE the highest expectations and municateinwritingtovictims
R
O standardsfortreatingallwith when they decline to move
H
NA dignityandrespect.” forwardwithchargesagainst
STI Theproposalsaretheresult allegedperpetrators.
RI
H ofareviewthegovernoriniti- Shealsoproposedrequiring
C
Hockeyplayersandswimmerssaytheredesignwouldcutintotheirspace.TheCentralParkConservancysaystherenovationisneeded. atedin2018afterKatieBren- politicalcampaignstoprovide
nan,aformervolunteerforhis antiharassment and antidis-
Lasker Rink Changes Face Opposition campaign,toldTheWallStreet crimination training to paid
Journal that his transition andunpaidstaff.
team and administration “Fromthemomentofanin-
didn’t do enough to address cident,thecommunity,work-
BYKATIEHONAN givenaccessibilityandhealth Trump Organization, which gelo Windley, a 12-year-old her repeated complaints that place,criminalandciviljustice
department regulations, the took over the facilities in Bronxresidentwhohasplayed she had been sexually as- systems are all intertwined,”
Swimmersandhockeyplay- spokeswomansaid.Therewill 2001.Itscontractwiththecity attherinkforyears. saultedbyacampaignstaffer. Ms. Brennan said in an email
ersareurgingtheprivatecon- be a new area for “free-form endsin2021,whenthereno- He said the proposed de- The man has denied as- Tuesday.“Afailureinoneim-
servancythatmaintainsMan- skating” on a lake, a larger- vationissettobegin. sign,whichaccommodatesan saulting Ms. Brennan and pactsalltheothers.Wehavea
hattan’s Central Park to than-Olympic-sized pool and Itisn’tknownwhowilltake existingstream,comesatthe prosecutors declined to file lot of work to do to create a
reconsider a proposed $150 splashpadsforchildren. overtherinkandfacilitiesaf- expense of the thousands of charges. New Jersey free from sexual
million renovation for Lasker “A facility of the current terthecontractends,orifthe peoplewhousetherinks. Morerecently,Mr.Murphy violenceandharassment.”
Rink and Pool, saying they scalecannotbeconstructedby TrumpOrganizationwouldre- “Whyshouldtheystopnow pushedbackagainstcriticism Lawmakersshouldconsider
wouldlosesomeoftheirspace. today’sstandardsonthissite,” apply. The parks department becauseofastream?”hesaid fromJulieRoginsky,oneofhis Ms. Brennan’s recommenda-
Undertherenovationplan, the spokeswoman said. “The saiditisevaluatingalloptions. ofthehockeyplayers. top former consultants, who tions,Ms.Weinbergsaid.
the pool’s size would be re- planned pool and rink are as Youngerhockeyplayerswill saidhiscampaignwasatoxic Mr. Murphy’s administra-
duced by 25%, and the ice bigastheycanbewithinthe havefewoptionstolearnthe and misogynistic workplace. tiononTuesdayalsoreleased
rink, currently a single sheet site constraints, technical re- About200,000 gameaftertherinkclosesfor Mr.Murphy,whotookofficein areportonsexualharassment
ofice,wouldhavethecapabil- quirements,accessibilitystan- renovation,saidparents,play- January 2018 and is now in New Jersey, which recom-
peopleusethepool
ity to divide into two, a Cen- dardsandprojectobjectives.” ersandcoaches.Itishometo chairman of the Democratic mendsexpandingprotections
tralParkConservancyspokes- About 200,000 people use andicerinkin multipleteams,includingthe Governors Association, said fordomesticworkers.
womansaid. thepoolandicerinkyearly,a Central Park North Stars, a his campaign thoroughly in- These employees, such as
CentralParkyearly.
The conservancy, the non- small percentage of the esti- coed team, ranging in age vestigatedallcomplaintsitre- nanniesandhousekeepers,are
profitgroupthatmanagesthe mated2.5millionvisitorstothe from 5 to 32, with develop- ceived. uniquelyvulnerabletoharass-
park for New York City, an- nearbyHarlemMeerandNorth mentaldisabilities. “We have made a general ment and retaliation because
nouncedtherenovationofthe Woods,theconservancysaid. Robert Epner founded the and heartfelt and genuine they often work and some-
rink and pool, located in the The renovation will make A spokesman for the Trump freeprogramsixyearsagoaf- apology,” he said. “That’s all times live in private homes,
northern part of the park, in theparkmoreaccessibleand Organizationdidn’trespondto terhissonDavid,whohasau- I’vegottosayonthat.” thereportsaid.
2018. The nonprofit raised more welcoming to residents arequestforcomment. tism, joined the rink’s intro- NewJerseySenateMajority Domestic workers are cur-
$100 million for the project, who live nearby, a parks de- On Tuesday, more than a ductoryhockeyprogram.The LeaderLorettaWeinbergsaid rently exempt from the New
with the other $50 million partmentspokeswomansaid. dozen opponents attended a rinkisinvaluabletohundreds she supports the governor’s Jersey Law Against Discrimi-
comingfromthecity’sDepart- A petition started this design-commissionhearingon ofparentsandfamiliesofchil- proposed legislation and nationandthereforehavelit-
mentofParks&Recreation. monthbyhockeyplayersand the plan, which already has dren with special needs who wantstoexpandontheplans tlerecourseagainstmistreat-
The flood-prone space, swimmerstochangethereno- beenapprovedbythecommu- justwanttoplay,hesaid. tomakeiteasierforvictimsto ment unless its reaches the
which opened in 1966, is be- vationproposalhasgarnered nityboardandhasthesupport “Our players have so much fileharassmentcomplaints. levelofcriminality.Thereport
yond repair and needs a full about4,000signatures. oflocalelectedofficials. joy and sense of accomplish- “The governor’s initiatives recommended changing the
renovation, the conservancy Lasker Rink and Wollman “We want to keep playing mentbeingonourteamandfor areagoodstartingpoint,”she lawtoallowtheseworkersto
said. The new space will be Rink,attheotherendofCen- hockey at Lasker because we manythisistheirmostfavorite said in an interview. “I think fileharassmentanddiscrimi-
built as large as possible, tralPark,areoperatedbythe loveitthere,”saidMichaelan- thingintheworld,”hesaid. that we will be making some nationclaims.
A8B|Wednesday,February19,2020 THEWALLSTREETJOURNAL.
NY **
GREATER NEW YORK
METRO MONEY | By Anne Kadet
Commuters Stretch the Grind Beyond 9 to 5
SomeNew afriendorfamilymember. mallBusiness.com,meditates
Yorkersspend “You’dbesurprisedhow onthe5:30a.m.expressbus
theirmorning muchyoucanpackintoa10- fromCranford,N.J.,toMan-
trainride minutewindow,”shesays. hattan.Theresultingpowers
playing Accordingtoanationalsur- offocusandconcentration
“Candy veybydriving-tests.org,a makehimfarmoreproductive
Crush”ortryingtodoze. driver-educationplatform, duringhislongworkdayman-
ThenthereisNatalieJaeger, mostworkersusetheircom- aginga$10millioncompany
masteroftheproductive mutingtimetorelax.Onpublic with149employees,hesays.
commute.“Inacityasbusy transportation,one-thirdlisten Forthecommutehome,
asNewYorkCity,everymo- tomusicand29%readbooks however,hebooksaprivate
mentcounts,”shesays. ormagazines.Butthereisa car,whichcosts$125forthe
Ms.Jaegerleavesher minority—8%—determinedto AL hourlongride,andusesthe
homeinBushwick,Brooklyn, getasmuchdoneaspossible. RN timetoreturnemails,Slack
U
listeningtoalengthyNPR ColetteColeman,abusi- JO messagesandcalls—tasksthat
newspodcastonherphone. ness-developmentdirectorata REET wouldbedifficulttomanage
UponboardingtheLtrain, startup,hasa45-minutewalk- ST onthebus.Itsoundslikea
shekeepsthepodcastgoing ingcommutefromtheLower ALL splurge,heacknowledges,but
W
whilereviewingtheday’sap- EastSidetoUnionSquare,and histimeisworthmore.“The
HE
pointmentsandallocating thereislittleshecan’taccom- T keyisyouhavetowork,”he
R
fiveminuteseachtonews- plishalongtheway. FO says.“Ifyoudon’tworkon
laentdtemrsaarbkeotuitngvetnotpuirces-.capital Shespeed-walkswhile O’BRIEN tmhaethcodmomesunt’etwhoomrke,otuhte.”nthe
“Abigpartofmyjobis doinglightmuscle MES Noteveryonecanswinga
stayingontopofthelatest workandlisteningto A privatecar.Tokeepupwith
J
trendswhenitcomesto audiobooksontopicssuch WestCoastclients,media
businessandmarkets,”says asproductmanagementand tentandlessstressedonthe Manhattanreal-estate nextstation,ensuringitim- strategistEricKatzmanis
Ms.Jaeger,amarketingdi- search-engineoptimization, job.Onepossibleexplana- agentTravisCarrolldepends mediatelygetsastrongsig- oftenonthephoneduring
rectorforfintechstartup whilepracticingmindful tion:Peoplewholovetheir onundergroundservice.He nalandmessagesgothrough. hishourlongcommutehome
ZoeFinancialInc. breathingtechniques. jobarenaturallyinclinedto sendsdozensoftextsand fromMidtowntoPlainview,
TransferringatUnion Andwhenshestopsatan workafterhours.Another emailsadaytoprospective Anotherweapon:a LongIsland.Herecentlysus-
SquaretotaketheNorQ intersection,sheoften possibility:Theyarebonkers. clientsandlistingagentsfrom phonecasewithafin- tainedasinglecallonthe
uptown,sheusesherwaitto checksheremailandtaps Onecouldn’talwayscon- thetrain.Ifyouletanhour gerloopthatallows trainfromManhattanto
respondtoSlackmessages outaquickresponse.“It’s ductbusinesswhilecommut- passwithoutresponding,op- himtotypemessageswitha Hicksville,whichcontinued
andemails,whilekeepingan funtogetthatdopaminehit ing,ofcourse.Fordecades, portunitiesvanish,hesays. singlethumbwhilegripping onthedrivehome,including
eartunedtothepodcast. ifI’matastoplight,”she NewYorksubwayridershad Hehastricks.Becauseit asubwaypolewithhisother astopatQdobatopickup
Shethencracksabook: says.“Ican’tresist.” tocontentthemselveswitha takeshisphoneafewsec- hand.“Iholdonfordear dinner.Thecallendedashe
currently,“FearlessLeader- Driving-tests.orgsaysthe tabloidpaper.Itwasn’tuntil ondstojumpsignalsbetween life,”Mr.Carrollsays. pulledintohisdriveway.
ship”byCareyLohrenz.Dis- averagecommuterwho December2016thatcelland stations,hesays,messages Somepeopletaketheop- ButMr.Katzmanknows
embarkingat34thStreet, workswhileintransitgives wirelessservicebecame cantimeoutbeforetheysend positetack,strivingtomaxi- howtobalancethingsout
Ms.Jaegerorderscoffeeon theiremployermorethan availableatall283under- andgetstuckinhisoutbox. mizetheirproductivityby duringhistrainrides.“Inthe
herStarbucksappanduses $1,500ofpersonaltimean- groundstations,accordingto Hebrieflytoggleshisphone goingunplugged. morning,”hesays,“Inap.”
thewalkfromthetrainto nually.Butthosecommuters connectivityproviderTransit inandoutofairplanemode DavidWaring,co-founder
thecafetoherofficetocall alsoreportfeelingmorecon- Wireless. ashistrainpullsintothe andchiefexecutiveofFitS- [email protected]
Some New York Lawmakers Push Mobile Betting Amid Deficit
BYJIMMYVIELKIND Jersey last year on sporting abbo, who sponsors a bill to believesallowingonlinesports Democratswhocontrolthe Assembly Speaker Carl
events,statefiguresshow.And legalizemobilesportsbetting. bettinginNewYorkwouldre- stateSenateapprovedlegisla- HeastiehassaidDemocratswho
As state lawmakers debate for state Sen. Joe Addabbo, a Gov. Andrew Cuomo last quire a change to the state tionlastyearthatwouldhave dominate that chamber are
whether to legalize mobile QueensDemocrat,itrepresents monthproposeda$178billion Constitution—a process that legalizedmobilesportsbetting, skepticalofexpandinggambling.
sports betting in the Empire millionsofdollarsintaxreve- budgetthatmostlyaddressed couldlastuntilatleast2021. but it wasn’t voted on in the The study, funded by the
State, New Yorkers wagered nuethatisgoingtoNewJersey a$6.1billiongapbyreducing LegislatorsincludingMr.Add- state Assembly. A spokesman sports-bettingfirmsDraftKings
$837 million on sporting but could help bridge New outlaystoMedicaidandslow- abbohavebeenporingoverMr. forSenateMajorityLeaderAn- Inc.andFanDuel,estimateNew
eventsinNewJerseylastyear, York’sbudgetdeficit. ingtheprojectedgrowthofaid Cuomo’sproposalanddevelop- dreaStewart-CousinssaidDem- Yorkcouldreceiveasmuchas
according to an industry- “Facts and figures will to public schools. The Demo- ingtheirownideasforthebud- ocratic senators haven’t dis- $166millionayearfromsports
fundedstudyreleasedTuesday. hopefully tell the story that cratic governor has rebuffed get,whichmustbeinplaceby cussedtakingupthebillagain bettingifitincludedonlinewa-
Thatisnearlyafifthofthe thegovernorneedstodothis calls to include additional April1.Mr.Addabbosaidnocon- thisyear,butthattheyarein- gers.Thefirmsarelobbyingto
$4.6billionthatwasbetinNew inthebudget,”saidMr.Add- gamblingrevenue,andsaidhe stitutionalchangeisrequired. terestedintakingahardlook. legalizemobilesportsbetting.
All the Power
Without the Pinch
Healthcare Starts with Healthy Food.
Since 1985, we’ve been cooking and home-delivering nutritious, individually tailored meals
to people living with serious illness in the NYC metropolitan area.
Being sick and hungry is a crisis. You can help.
Donate, volunteer, or just learn more at glwd.org
God’sLoveWeDeliverisamemberoftheFoodisMedicineCoalition(FIMC).
godslovewedeliver @godslovenyc
TolearnmoreaboutFIMC’sworkaroundthecountry,visitfimcoalition.org