
- In today’s CEO Daily: Geoff Colvin on the paralysis that sets in when the rules of the game keep changing.
- The big story: Trump might give the automakers a break on tariffs.
- The markets: Moving up.
- Analyst notes from Oxford Economics on mass deportations, JPMorgan on recession, EY on stagflation, and Wedbush on Apple.
- Plus: All the news and watercooler chat from Fortune.
Good morning. CEOs have long told Fortune that if they know the rules, they can play to win, but they can’t do it if the rules keep changing. So what on earth should they do now?