In today’s CEO Daily: Diane Brady talks to Mastercard CEO Michael Miebach and United Wholesale Mortgage CEO Mat Ishbia.
The big story: President Trump is not a fan of Apple’s plan to skirt tariffs on iPhones made in China by moving production to India.
The markets: Mixed.
Analyst notes from Convera on the Fed, Daiwa Capital Markets on inflation, Wedbush on Saudi AI spending, and Goldman Sachs on equities.
Plus: All the news and watercooler chat from Fortune.
Good morning. One of my favorite ways to shop is waving my palm at the checkout of Whole Foods and out pops the receipt. It’s tied to my credit card, of course, and it’s emblematic of the way that Mastercard CEO Michael Miebach views the future of his company. Whether it’s retinal scans, fingerprints, or tokenization, the days of keying in account numbers is clearly on the wane. “Everybody needs payments in a very different fashion and form,” said Miebach, who spoke with Kristin Stoller and me for this week’s Leadership Next podcast. He talks about how the company is tailoring its approach to different markets, and the close relationship he has with his predecessor, World Bank President Ajay Banga. You can access the full conversation here.
Every week, we speak with a different leader about their journey to the corner office and the philosophy that got them there. Last week, Mat Ishbia, CEO of United Wholesale Mortgage and owner of the Phoenix Suns and Mercury basketball teams, talked about leading in two very different realms. As for the Suns being eliminated from the NBA playoffs last month, he’s optimistic: “I actually prefer where I’m at in the NBA than where I am in the mortgage business, because that’s where I’ve lived my whole life. I’ve always been an underdog. I’ve always been below. I’ve always had less talent but harder work ethic, and I’ve always had to climb a mountain. Nothing comes easy. If it came easy, everyone would do it.”Indeed.
Click here to check out our other interviews, and thanks to all who’ve joined us in conversation. Much more to come.
More news below.Contact CEO Daily via Diane Brady at diane.brady@fortune.com
This story was originally featured on Fortune.com
