Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
Some big car companies just chose the Trump administration and looser federal regulations over California and tougher state laws aimed at fighting global warming. GM, Toyota and Fiat Chrysler sided with President Donald Trump in his fight over the state’s environmental rules. Ford, Honda, BMW and Volkswagen chose California.
Here are today’s top stories
The payday-loan business was in decline. Just a few years ago, regulators were circling, storefronts were vanishing and investors were abandoning the industry. Now many of the same subprime lenders are promoting a product almost as bad, and Americans are hooked.
Senator Joseph Biden could end up behind Democratic Senators Elizabeth Warren and Bernie Sanders as well as Mayor Pete Buttigieg in the Iowa caucuses next year, according to almost a dozen senior Democrats in the state who say his operation there is poorly organized.
The Trump administration tried to subsidize struggling coal-fired power plants and failed. Some were customers of Murray Energy, the largest privately owned coal miner in the U.S. and owned by Robert Murray, a big Trump donor. Now Murray’s company has declared bankruptcy.
As California burns, some of the richest neighborhoods in Los Angeles have been evacuated, with warnings of more high winds ahead.
The Bloomberg Tesla Model 3 Survey is complete. The biggest poll of the electric car’s drivers ever conducted shows the automaker has figured out how to deliver vehicles with fewer problems.
What’s Joe Weisenthal thinking about? The Bloomberg news director is looking at the monthly Case-Shiller home price report, something he hasn’t done since the 2008 collapse. Just this spring there were stories about how a wave of IPOs could mint new millionaires who would drive up the price of real estate in San Francisco. We all know how the 2019 IPO class worked out, and surprise surprise, one of the two worst-performing major cities over the last year is San Francisco.
What you’ll need to know tomorrow
- Boris Johnson just got his election. Now he has to win it.
- Trump just threw another wrench into the new Nafta agreement.
- Why palladium is suddenly the world’s most precious metal.
- GrubHub short sellers win big as its value is slashed.
- Where did humans come from? Maybe not where you think.
- Learjet’s famous brand is dying a slow death.
- New York City wants to ban foie gras.
What you’ll want to watch in Bloomberg Originals
One day, mankind may no longer need fossil fuel to power homes, buildings or anything else for that matter. Instead, there will be fusion, a form of energy so strong that just one kilogram of fuel can generate as much power as 10 million kilograms of coal. For decades, it’s been tantalizingly out of reach. In Moonshot, a Bloomberg Originals series, we explore the promise of a U.K. startup that wants to change that.
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