Frontrunning: April 3

• Buying a Home This Spring Will Be Hardest in Years (WSJ)
• Senate showdown likely over Gorsuch confirmation (Reuters)
• ‘Nuclear’ Bid to Confirm Gorsuch May Radically Change Washington (BBG)
• Trump's son-in-law, Kushner, flies into Iraq with top U.S. general (Reuters)
• Solid Asia factory growth caps a strong first quarter but outlook cloudy (Reuters)
• Trump presses China on North Korea ahead of Xi talks (Reuters)
• The Rising Retirement Perils of 401(k) ‘Leakage’ (WSJ)
• Spain Tells U.K. to Keep Its Cool After Gibraltar Compared to Falklands (BBG)
• U.S. backs out of Latam development fund in sign of policy shift (Reuters)
• Here’s What U.S. Farmers Will Plant More (and Less) of in 2017 (BBG)
• Democrat Donnelly to support Trump pick for U.S. Supreme Court (Reuters)
• Fed’s Rebel Defends Autonomy as Trump-Molded Central Bank Looms (BBG)
• Toshiba shares tumble after sources say third earnings postponement likely (Reuters)
• Tesla delivers quarterly record of 25,000 vehicles in first quarter (Reuters)
• ‘Cartel’ Traders Weigh Surrender to Face U.S. Rigging Charges (BBG)
• Less noodles, beer and movies? Clouds on Chinese consumption horizon (Reuters)
• Almost a Decade Later, U.S. Money Markets Are Yet to Recover (BBG)
• Poland accuses Russian air traffic controllers over Smolensk air crash (Reuters)
• Thiam’s Turnaround Clouded by Tax Probe of Credit Suisse (BBG)
• Toronto Bidding Wars So Fierce That Homebuyers Skip Inspections (BBG)
• Ecuador leftist claims victory, conservative demands recount (Reuters)
• Shares in Turkish Chocolate Company Tumble After April Fools’ Day Ad Goes Wrong (BBG)
• German court rebuffs VW complaint over prosecutors' searches (Reuters)

Overnight Media Digest

WSJ

- Tesla Inc on Sunday said its global sales rose 69 percent in the first quarter, its best quarter of sales yet, putting the auto maker on a path to meet its goal of 50,000 deliveries in the first half of the year. http://on.wsj.com/2nyI14v

- French power-equipment supplier Schneider Electric SE is close to selling U.S.-based data-software business DTN to a Europe-based financial investor in a deal valued at around $1 billion, according to a person familiar with the matter. http://on.wsj.com/2nyFabu

- President Donald Trump emphasized that the U.S. is willing to take unilateral action against North Korea if China doesn't move to contain the burgeoning nuclear power, as he put trade and the military threat from Pyongyang at the top of the agenda of his planned meeting with Chinese President Xi Jinping this week. http://on.wsj.com/2nyFQh2

- Treasury Secretary Steven Mnuchin apologized to a government ethics office on Friday for promoting "The Lego Batman Movie," for which he was an executive producer, at a recent public event. http://on.wsj.com/2nywH89

FT

* U.S. President Donald Trump in an interview with the Financial Times said that the U.S. will take actions to eliminate the nuclear threat from North Korea unless China puts more pressure on Pyongyang.

* The Department for Exiting the EU is looking for a consultancy to help them coordinate the next stage of Brexit planning.

* Theresa May would go to war with Spain to defend Gibraltar, a former Conservative leader said as tension flare between the two countries over the future of Gibraltar.

NYT

- Tesla Inc, the electric-car maker, on Sunday said it delivered more than 25,000 cars and sport utility vehicles in the first quarter, a rise of about 69 percent from the same period a year ago. The increase from the fourth quarter was smaller, however. In the final quarter of 2016, Tesla delivered 22,252 cars and sports utility vehicles. http://nyti.ms/2nQ8KM9

- Facebook Inc is requiring that women and ethnic minorities account for at least 33 percent of law firm teams working on its matters. Numbers alone, however, are not enough, under a policy that went in effect on Saturday. Law firms must also show that they "actively identify and create clear and measurable leadership opportunities for women and minorities" when they represent the company in litigation and other legal matters. http://nyti.ms/2nME1yf

- Ivanka Trump and Jared Kushner, President Trump's daughter and son-in-law, will remain the beneficiaries of a sprawling real estate and investment business still worth as much as $740 million, despite their new government responsibilities, according to ethics filings released by the White House Friday night. http://nyti.ms/2nMEYGx

Canada

THE GLOBE AND MAIL

** Cenovus Energy Inc will delay its move into Brookfield Place east tower by a year due to a drop in oil prices and the consequent activity slowdown. https://tgam.ca/2n3xYbq

** Backed by a Federal Court of Canada order, the Canada Revenue Agency told Square Canada Inc it must hand over sales transaction data for all Canadian sellers who took in more than $20,000 annually in the calendar years between 2012 and 2015 or during Jan. 1-April 30, 2016. https://tgam.ca/2n3DhYq

NATIONAL POST

** Major Canadian oil companies could face tens of millions of dollars in liabilities as a result of tiny Lexin Resources Ltd's insolvency and its inability to clean up over 1,500 oil and gas wells in Alberta, which has doubled the number of orphan wells in the province. http://bit.ly/2n3D3jI

** Ontario NDP deputy leader Jagmeet Singh is building a national campaign team and appears poised to enter the federal party's leadership race. http://bit.ly/2n3zrya

Britain

The Times

* Hermes Fund Managers has raised doubts about Tesco's proposed 3.5 billion pound ($4.39 billion) purchase of the wholesaler Booker, saying that it could put corner shops out of business and trigger a backlash against the retail giant. http://bit.ly/2o0EdvT

* Reckitt Benckiser has launched a review of the business, which includes French's mustard and Frank's Red Hot sauces. A disposal of the business could help reduce debt after the $17.9 billion deal to buy Mead Johnson, the American baby milk-powder maker. http://bit.ly/2o0OTdJ

The Guardian

* David Green, the director of the Serious Fraud Office, has warned that British businesses should not consider deferred prosecution agreements (DPAs) the "new normal" if they are caught misbehaving. http://bit.ly/2o0Cg2g

* The pension scheme deficit at Philip Green's Arcadia Group has risen to nearly 1 billion pounds, which means another headache for the former BHS owner. http://bit.ly/2o0DcDS

The Telegraph

* Twitter is seeking to ink deals with pay-TV companies that would let subscribers watch live channels over the social network as part of a major video push. http://bit.ly/2o0yYfL

* British artificial intelligence firm, Cortexica, has raised 4 million pounds to develop visual recognition technology that aims to mimic how humans see the real world. http://bit.ly/2o0uFAX

Sky News

* Babcock In‎ternational will this week set sail towards a prestigious 340 million pound deal providing support services to the Royal Navy's fleet of warships, according to Sky News. http://bit.ly/2oNzYRh

* Sky News has learnt that Co-op Group directors and their advisers will opt to reduce the value of its 20 percent stake in the Co-operative Bank to zero, reflecting mounting uncertainty about the troubled lender's future. http://bit.ly/2oNyvdG

The Independent

* British Defense Secretary Michael Fallon said it is "very important to link trade and security" in the negotiations with the European Union over the UK's future deal with the bloc. http://ind.pn/2o0yNkn