Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
House committees investigating President Donald Trump released the impeachment testimony of U.S. Ambassador to the European Union Gordon Sondland and former Special Envoy Kurt Volker. Sondland changed his original testimony, acknowledging that military aid to Ukraine was made contingent upon it investigating former U.S. Vice President Joseph Biden, constituting the quid pro quo Trump and his allies have repeatedly denied. Volker, meanwhile, testified that he told Trump’s personal lawyer Rudy Giuliani that his allegations against the Bidens weren’t credible.
Here are today’s top stories
China’s price for a partial trade deal with the U.S. is becoming clear. Beijing wants Trump to give up his favorite trade weapon.
More than 11,000 experts from around the world are calling for a critical addition to the main climate strategy of dumping fossil fuels for renewable energy: there needs to be fewer humans on the planet.
A glitch gave traders using Robinhood Market’s system "infinite leverage," allowing them to trade stocks with excess borrowed funds.
U.S. warehouse workers, already squarely under the thumb of management as union power wanes, are being issued monitoring devices that track their every move. The companies contend it’s for safety.
America’s largest insurer has a radical fix for the nation's health-care crisis, Bloomberg Businessweek reports: Start with housing the homeless.
A wave of interest-rate cuts by central banks and mounting hopes of a partial U.S.-China trade deal are buoying confidence in financial markets just as key economic indicators show signs of stabilization. Could the worst be over for the global slowdown?
What’s Joe Weisenthal thinking about? As Saudi Aramco prepares for its IPO, the Bloomberg news director has been considering the theory that a country’s banking system will inevitably reflect its political system. Valuations for the energy giant, which made a staggering $111.1 billion in profit last year, are all over the place, as Matt Levine explains in Bloomberg Opinion. All kinds of considerations go into placing a price on a company, but one big question for investors will be the degree to which they are confident that they will get to keep future profits. The value of a business in a monarchy may be less than that of the same company in a more modern political system.
What you’ll need to know tomorrow
- Walgreens Boots may go private in largest leveraged buyout ever.
- Rents are dropping on NYC’s famed Fifth Avenue.
- Chase got people into high end cards. Amex reaped the rewards.
- The WeWork saga leaves Masayoshi Son $6 billion poorer.
- Somebody died trying to get a Popeyes chicken sandwich.
- Nude opera star turns Grindr workout advice into a business.
- A large majority of young Americans want to be influencers.
What you’ll want to read in Bloomberg Graphics
We asked 5,000 Model 3 owners about their experiences with the electric sedan that Elon Musk says will lead the world into a new era of driverless transportation. In the latest installment of Bloomberg's Tesla customer survey, we examine the more than 1,600 close calls reported by drivers involving the company’s Autopilot software, which allows for automated driving on highways and parking lots. Despite the near-misses, more than 90% of respondents said the feature makes them safer.
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