- 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 but calm.
- 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.
