The daily business briefing: August 10, 2017
North Korea tensions continue to drag down stocks, Tesla works on autonomous electric trucks that can travel in packs, and more

- 1. North Korea tensions continue to weigh on stocks
- 2. Tesla develops autonomous trucks capable of moving in 'platoons'
- 3. Coen brothers to write, produce Western series for Netflix
- 4. Walmart apologizes for back-to-school display marketing guns
- 5. Wisconsin state Senate leader says votes lacking for Foxconn incentives

1. North Korea tensions continue to weigh on stocks
U.S. stock futures pointed to early losses on Thursday as rising tensions between the U.S. and North Korea continued to drag down global markets. Adding to Wednesday's modest losses, Dow Jones Industrial Average futures dropped by 0.3 percent, S&P 500 futures fell by 0.4 percent, and Nasdaq-100 futures sank by 0.6 percent. "Traders would require nerves of steel to start buying into the stock market now, given standoff between the U.S. and North Korea," said David Madden, market analyst at CMC Markets U.K., in a note to clients. European stocks also fell on Thursday as two days of uncertainty continued with North Korea defying U.S. warnings and unveiling a plan to fire missiles into waters near the tiny Pacific island of Guam, a U.S. territory with a military base.
2. Tesla develops autonomous trucks capable of moving in 'platoons'
Tesla is developing a self-driving electric semi-truck that will be capable of driving in "platoons," with several of the vehicles automatically following a lead truck, Reuters reported Wednesday, citing emails exchanged between Tesla and the Nevada Department of Motor Vehicles discussing potential road tests of the trucks. In California, state officials met with Tesla "to talk about Tesla's efforts with autonomous trucks," state DMV spokeswoman Jessica Gonzalez told Reuters.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
3. Coen brothers to write, produce Western series for Netflix
Oscar-winning filmmakers Joel and Ethan Coen, best known for their award-winning films like Fargo, No Country for Old Men, and O Brother, Where Art Thou?, are headed to Netflix. The streaming giant announced Wednesday that the Coen brothers have signed on to write, direct, and produce a Western anthology series called The Ballad of Buster Scruggs. The series will be comprised of six stories about the American frontier. "The Coens are visionary directors, masterful storytellers, and colorful linguists. We are thrilled for Netflix to become home to the full range of their talents," said Netflix's vice president of original content, Cindy Holland. Tim Blake Nelson will star in the project, slated to debut in 2018.
Mashable The Hollywood Reporter
4. Walmart apologizes for back-to-school display marketing guns
Walmart issued an apology Wednesday for a display marketing guns as back-to-school items, and said it was trying to identify the store behind the sign. A photo spread quickly on social media showing a sign reading "Own the school year like a hero" placed over a glass case containing guns. After a torrent of criticism on Twitter, Walmart said the display was "truly awful" and "horrible." A company spokesperson, Charles Crowson, said Walmart was "not happy" about the controversy, and was "working diligently" to get to the bottom of it.
5. Wisconsin state Senate leader says votes lacking for Foxconn incentives
Wisconsin's Republican state Senate majority leader, Scott Fitzgerald, said Wednesday that he was not sure he would have the votes needed to pass a $3 billion incentive package to get Apple supplier Foxconn to build a promised factory in the state. President Trump and Foxconn announced last month that the Taiwanese electronics giant would invest $10 billion in the plant, and Gov. Scott Walker (R) said it would create 12,000 jobs. Assembly Republicans said they planned to start voting on the tax breaks meant to be part of the deal next week, despite Fitzgerald's concerns.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
Gandhi arrests: Narendra Modi's 'vendetta' against India's opposition
The Explainer Another episode threatens to spark uproar in the Indian PM's long-running battle against the country's first family
By Harriet Marsden, The Week UK
-
How the woke right gained power in the US
Under the radar The term has grown in prominence since Donald Trump returned to the White House
By Chas Newkey-Burden, The Week UK
-
Codeword: April 24, 2025
The Week's daily codeword puzzle
By The Week Staff
-
Why Russia removed the Taliban's terrorist designation
The Explainer Russia had designated the Taliban as a terrorist group over 20 years ago
By Justin Klawans, The Week US
-
Inside the Israel-Turkey geopolitical dance across Syria
THE EXPLAINER As Syria struggles in the wake of the Assad regime's collapse, its neighbors are carefully coordinating to avoid potential military confrontations
By Rafi Schwartz, The Week US
-
'Like a sound from hell': Serbia and sonic weapons
The Explainer Half a million people sign petition alleging Serbian police used an illegal 'sound cannon' to disrupt anti-government protests
By Abby Wilson
-
The arrest of the Philippines' former president leaves the country's drug war in disarray
In the Spotlight Rodrigo Duterte was arrested by the ICC earlier this month
By Justin Klawans, The Week US
-
Ukrainian election: who could replace Zelenskyy?
The Explainer Donald Trump's 'dictator' jibe raises pressure on Ukraine to the polls while the country is under martial law
By Sorcha Bradley, The Week UK
-
Why Serbian protesters set off smoke bombs in parliament
THE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
By Rafi Schwartz, The Week US
-
Who is the Hat Man? 'Shadow people' and sleep paralysis
In Depth 'Sleep demons' have plagued our dreams throughout the centuries, but the explanation could be medical
By The Week Staff
-
Why Assad fell so fast
The Explainer The newly liberated Syria is in an incredibly precarious position, but it's too soon to succumb to defeatist gloom
By The Week UK