Mark Carney: Financier, banker, and Canada’s new premier

LONDON, ENGLAND - DECEMBER 16: Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference on December 16, 2019 in London, England. The governor announced that the financial system is prepared for the worst-case Brexit scenario, with major banks surviving 'stress tests' used to replicate a hard exit from the EU. (Photo by Kirtsy Wigglesworth - WPA Pool/Getty Images) (Credit: Kirtsy Wigglesworth—WPA Pool/Getty Images)

• In today’s CEO Daily: Diane Brady on Mark Carney—financier, central banker, and Canada’s new prime minister.
• The big story: Trump won’t rule out recession.
• The markets: Terrible.
• Analyst notes from Convera on the “hard reset” theory, UBS on U.S. trade policy, Apollo on the VIX, Wedbush on Tesla, and EY on the labor market.
• Plus: All the news and watercooler chat from Fortune.

Good morning. After winning the race to replace Justin Trudeau as Liberal leader yesterday, Mark Carney will become Canada’s next prime minister. The length of his tenure will depend on whether he wins the next federal election, which must take place before October 20, but his first task is to end America’s trade war against its largest export market. Here’s what CEOs can expect: