Sluggish U.S. Wages, Fed Deputy, China's Silicon Valley: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news from Bloomberg Economics:

  • President Trump heads into a midterm referendum on his presidency showing no real progress on a core promise: to raise the wages of Americans
  • Meanwhile, the U.S. is putting trade negotiations with China on the back burner while focusing first on resolving issues in the North American hemisphere
  • Economist Richard Clarida won Senate confirmation to be Fed vice chairman
  • The completion of one of the world’s longest bridges stands as the biggest monument to China’s success in reuniting its colonial-era concessions
  • Who will be the next ECB president? Draghi’s succession is turning into a three-way race
  • These are the four key challenges confronting Australia’s new prime minister as he tackles the Herculean task of reuniting his fractious party ahead of an election
  • Argentina’s peso dropped to a record after the Treasury Minister said the economy would contract 1 percent this year
  • By this measure, U.S. economic growth hasn’t completely bounced back since the financial crisis

©2018 Bloomberg L.P.