ITK Daily | August 10

Happy Wednesday.

To be ITK, know this:

Italy's left-wing parties divide as far right irresistibly rises: Le Monde reports the early elections in September caused by Prime Minister Mario Draghi's resignation are expected to deliver a victory for the far-right coalition led by Giorgia Meloni's post-fascist Fratelli d'Italia.

Italy is the only G7 country without a full US ambassador in post.

Is Team Biden holding the spot for Speaker Nancy Pelosi?

Spain will make some train tickets free in autumn 2022 to encourage car users on board: Le Monde reports in the face of fuel inflation, more and more European countries are supporting the use of public transport. From September until the end of December, some Spanish trains will be free if users travel at least four times per month.

Rhine's low water levels hit German shipping, minister touts dredging: DW reports industrial production tends to decrease when water levels on the Rhine River remain low, a challenge to German industry also dealing with heightened tensions around supply chains and other resources.

AP: France in midst of 4th heat wave amid historic drought

BBC: Loire Valley: Intense European heatwave parches France's 'garden'

+ China’s Ambassador to France Lu Shaye explains — on French television — how the Taiwanese would be “re-educated" after they're occupied by Beijing

Read this: Search of Trump’s home pushes long conflict into public view NYT

+ Justice Department officials were worried that the former president had not fully complied with requests to return material taken from the White House that included possible classified information

Interesting: Neither the DOJ nor Team Trump has released the documents in their possession or offered a full explanation of why the FBI took the unprecedented step of searching MAL.

Wild.

Monmouth Poll:?

+ 4 in 10 Americans say they would either definitely (23%) or probably (17%) vote for Trump if he ran again in 2024.?

+ At the other end of the spectrum, 48% say they definitely would not vote for Trump?

+ Among GOP, 62% would definitely back Trump

Caracal dropped our definitive list of 100 world's best reporters, columnists, and influencers who we follow and read to stay smart and stay connected. For names, titles, and organizations, hit the link.?

50 years ago, more than 80% of the value reflected on the balance sheets of Fortune 500 companies was physical stuff—plant, equipment, oil in the ground, inventory on the shelves.? CEO Daily reports today, that more than 85% of the value on the balance sheets of Fortune 500 companies is “intangibles”—intellectual property, brand value, and a host of things more closely tied to human capital than to physical and financial capital.

@notorious_ROD: So Disney+ and Netflix are morphing from streaming services back to cable tv, and now cord cutting has gone full circle…

Boeing is about to resume the deliveries of its 787 Dreamliner.

+ “There’s a big difference between probability and outcome. Probable things fail to happen—and improbable things happen—all the time.” That’s one of the most important things you can know about investment risk.” -- Howard Marks

Bloomberg: Whole Foods co-founder is building chain of cafes, wellness centers

+ Organic pioneer to retire from Amazon-owned grocer next month

+ Healthy America startup will run spas, plant-based restaurants

WP: Domino’s leaves Italy, where — surprise — diners prefer local pizza

"You can't succeed if you don't know what losing is." - Garth Brooks

Sid Mashburn is calling: Brigadoon Monthly Call with Sid Mashburn, Founder + Designer @ Sid Mashburn and Ann Mashburn, on Wednesday - August 17 @ 2:00 pm ET. Sign up here.

Field trip: “Andy Warhol: Cars” is on display now at the Petersen Automotive Museum.

Travis Scott reportedly sold over $1 million in merchandise at his weekend concerts in London, breaking a record previously held by BTS.

Fortune: ‘Top Gun: Maverick’ sails past ‘Titanic’ at the all-time domestic box office raking in $662 million

Read this: Heat 2 is a classic of the crime genre: Narco-states, rogue oil kingdoms... this sequel novel has it all. Zack Christenson

I got my copy yesterday.

Good pod this: Brian Koppelman speaks with Chris Storer, director and writer of The Bear. The Moment with Brian Koppelman

Watch this: Koshien: Japan's Field of Dreams: In this documentary, baseball is life for the die-hard competitors in the 100th annual Koshien, Japan's wildly popular national high school baseball championship. Trailer

Read this: It's only one game – but how do Manchester United recover? GQ

+ With the team looking decidedly off the pace against Brighton, Erik ten Hag is already under pressure as Manchester United manager. It begs the question – does he have the tactical nous to cut it in the Premier League and turn United into world beaters again?

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