Your Evening Briefing
Your Evening Briefing
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The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil.—Josh Petri
Special note: Please watch for the new weekend version of this newsletter, Bloomberg's Weekend Reading, in your mailbox tomorrow!
Here are today's top stories
President Trump is pulling the U.S. out of the Intermediate-Range Nuclear Forces Treaty, a 1987 pact with the former Soviet Union that became a pillar of international arms control.
China promised to “substantially” expand purchases of U.S. goods after the latest round of trade talks, and both sides planned further discussions to reach a breakthrough with only a month to go before the Trump administration is set to ratchet up tariffs.
The Fed’s decision to pledge patience on future interest-rate hikes amid a healthy economic expansion won validation from a jobs report.
Senator Cory Booker of New Jersey announced that he’s running for the Democratic presidential nomination in 2020, saying the nation needs to be able to see its leaders and “feel pride, not shame.”
Foxconn announced it will proceed after all with plans to construct a plant in Wisconsin.
The federal government usually caps the speed of slaughter lines at 1,106 hogs an hour. The slaughterhouse of the future—already operating today—runs at 1,300 hogs an hour, testing the limits of safety.
What's Luke Kawa thinking about? The Bloomberg cross-asset reporter is breaking down competing theories about the Fed's recent dovish shift. Is it in deference to markets? Or is it a fundamental change in the central bank's reaction function?
What you'll need to know tomorrow
- The company that once traded under "YOLO" won the ticker "POT."
- Even before Brexit, Dublin is bursting at the seams.
- How much weed is too much weed? New vaporizers eliminate doubt.
- These U.S. industries hired the most—and least—in January.
- The U.S. Navy wants to build a wall to stave off climate change.
- The world's largest pension fund lost $136 billion in three months.
- Like many others, Angela Merkel is quitting Facebook.
What you'll want to read in Bloomberg Pursuits
By the most optimistic of guesses, only about 30 percent of New Year’s resolutions to get healthy will succeed. And yet the global fitness industry has been filling classrooms more than ever, inventing creative, intense workouts that draw users over and over again. Already given up on your fitness pledge? We've got some advice: the best way to stick with a workout is to find a place where you feel you belong.
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