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How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

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Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner

1

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall

2

Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house

3

The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Broadsheet

The Broadsheet: June 6th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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June 6, 2017, 7:59 AM ET
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Good morning, Broadsheet readers! Opponents hit Theresa May on security, Mary Barra faces a big vote, and Uber announces a make-or-break hire. Enjoy your Tuesday.

EVERYONE'S TALKING

• An Uber-interesting hire. In Uber's latest attempt to show that it's taking serious steps to revamp its culture, the troubled ride-hailing startup has hired management academic Frances Frei as its first SVP of leadership and strategy.

Frei, who's been consulting with Uber for several months already, comes on full time at a fraught moment for the company. CEO Travis Kalanick is expected to deliver a version of the report put together by former Attorney General Eric Holder soon—possibly this week. That report, as you may recall, is the result of an investigation into the alleged problems at the company, including the charges of sexual harassment and discrimination by former Uber engineer Susan Fowler.

Recode's Kara Swisher spoke to Frei, who is best known for her work at Harvard Business School, where she was tasked with giving the school a "gender makeover" and improving the inclusion of female students. It's worth taking the time to read through their conversation to get a sense of what Frei sees as the company's biggest trouble spots, how she thinks about her new boss's strengths and weaknesses, and how she plans to tackle the daunting task that lies ahead of her. Recode

ALSO IN THE HEADLINES

• Day in court. Almost three years after the sexual assault allegations against Bill Cosby first entered the mainstream, the comedian's trial has finally begun. Time's Charlotte Alter has a thorough rundown of everything you need to know about the case. Time

• May feeling insecure? Theresa May's political rivals are pressing the British PM on her record on security following the attack in London this weekend, the third terrorist episode in three months. In the six years before becoming prime minister, May was in charge of U.K. security and oversaw a significant reduction in police forces. New York Times

• 37 disruptors. This Adweek list features "37 women who are disrupting the status quo and championing gender diversity in advertising and tech." While that's a bit of a mouthful, the list is packed with interesting women, including Bumble founder Whitney Wolfe, Trinity Ventures partner Anjula Acharia, and DDB chief Wendy Clark.  Adweek

• A Grande success. One Love Manchester, the benefit concert headlined by Ariana Grande, raised more than $3 million for the We Love Manchester Emergency Fund, which was set up by the city council and the British Red Cross.  Fortune

• Classic Conway. Appearing on the Today Show, Kellyanne Conway said the media shouldn't focus on President Trump's tweets, saying it has an "obsession with covering everything [Trump] says on Twitter and very little of what he does as president."  Fortune

MOVERS AND SHAKERS: Marianna Tessel, previously EVP of strategic development at Docker, is now SVP and Small Business Group chief product development officer at Intuit. Conagra Brands Inc. has named Mindy Simon chief information officer.

IN CASE YOU MISSED IT

• A bumpy road. General Motors CEO Mary Barra faces shareholders this week—while dealing with an activist investor and facing fresh scrutiny after her counterpart at rival Ford was ousted. GM investors vote today on a proposal—which Barra opposes—that would split GM's shares into two classes. WSJ

• Kelly's closet. New York Times fashion columnist Vanessa Friedman writes about the hubbub over the cocktail dress Megyn Kelly wore to a dinner with Vladimir Putin and Narendra Modi. She says it illustrates "the sexism that still exists around the female image in the news." Friedman also applauds the anchor for being "one of few female power players even willing to discuss the subject of clothing, the role it plays in the workplace, and how it can be used."  New York Times

• Desert delivery. Nurx, an at-home birth control delivery app, wants to give women in Texas the option to get birth control without ever needing to step into a clinic or even physically see a doctor. Why Texas? About half the counties in the state don’t have the number of public clinics required to meet the contraceptive needs of the population, creating a “contraceptive desert." TechCrunch

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ON MY RADAR

Scotland will be independent by 2025, First Minister Nicola Sturgeon says Fortune

Monica Lewinsky, Linda Trip script lands at Amazon  The Hollywood Reporter

How social media and selfies are reshaping the future of cosmetic treatments  Fortune

Ariana Grande was leader of the free world for a day  Bloomberg

QUOTE

I have occasionally, from time to time, been called a demanding boss. But the truth is that I have many brilliant generals on whom I rely to help set Vogue’s standards, and I trust their ideas and vision far more than my own.
Vogue editor-in-chief and Condé Nast artistic director Anna Wintour, in a speech awarding the Fashion Icon Award posthumously to Franca Sozzani
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