The paralysis of trade war: ‘Almost every client I talk to has a war room,’ KPMG exec says, ‘and the members have completely dropped their day job’

• 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...