Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
There were tragedies Friday in both the U.S. and Cuba. At least 10 people were killed in a school shooting in Texas, and a Cuban-operated Boeing 737 crashed in Havana with at least 110 people on board. In Washington, the White House is sticking by its story that China offered to cut its trade surplus by $200 billion. China, of course, begs to differ.
Here are today's top stories
White House economic advisor Larry Kudlow said China offered to cut its surplus by "at least $200 billion." A Chinese foreign ministry official said no such offer had been made, to his knowledge.
In the latest setback for agriculture under Republican leadership, House Speaker Paul Ryan failed to wrangle enough GOP hardliners to pass a $867 billion farm bill.
Authorities say at least 10 people were killed during a shooting at a high school in Santa Fe, Texas. It was the deadliest such attack since the shooting in Parkland, Florida.
Leading Democrats are backing one of the most radical economic plans in years: a jobs guarantee. The bills (there are several different versions) are unlikely to pass.
The ability of global trade to feed the world is one of the great success stories of the past generation. But the planet is at rising risk of choking on its good fortune.
A Cuban-operated Boeing 737 crashed on takeoff in Havana on Friday with at least 110 people on board. There was no immediate word on casualties.
What's Luke Kawa thinking? The Bloomberg cross asset reporter is highlighting a major milestone in the bond market you may have missed—and wonders why stocks have been able to cope with the rise in real yields this time around.
What you'll need to know tomorrow
- Paul Ford tried to get AI to write this story for him. Then he gave up and wrote it himself.
- Goldman Sachs CEO Lloyd Blankfein will reportedly step down in December.
- For U.S. states ready to legalize gambling, banks hold many of the cards.
- Bill Gates says Donald Trump asked him to explain the difference between HIV and HPV.
- This is America's hottest job.
- The big battery boom is running into a roadblock: the risk of fires.
- Boeing's sci-fi foldable-wing design for the new 777X was just approved by regulators.
- Virtual currencies dropped by $45 billion over the past week.
What you'll want to read tonight
Over the next few years, the Pentagon is poised to spend almost $1 billion for a range of robots designed to complement combat troops. Beyond scouting and explosives disposal, these new machines will sniff out hazardous chemicals or other agents, perform complex reconnaissance and even carry a soldier’s gear.
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