Your Evening Briefing

(Bloomberg) --

First Europe brought the hammer down. Then India. Now China promises significant pain if U.S. President Donald Trump follows through on his tariff threats. Some in the White House have begun to worry that maybe things have gone too far, and are looking to cut short the global trade war America just started.  

Here are today’s top stories

Economic cycles die “because the Fed puts a bullet in its forehead,” or so says one chief economist who predicted the next U.S. recession could begin in 12 months.

In the meantime, Wall Street is firing on all thrusters as far as the latest stress tests are concerned. The Federal Reserve found all 35 lenders examined could take a severe downturn.

Christmas just got a lot more expensive. The U.S. Supreme Court freed states and local governments to start collecting billions of dollars in new sales taxes from online retailers.

Baby boomers like to pretend they're a lot younger than they are, but they certainly don’t want the financial “hellscape” they've left America’s youth.

The Atlanta area’s balkanization isn't just cutting off the poor and minorities from tax revenue; it's managed to start worrying investors.

The Republican-controlled National Labor Relations Board has managed to create a political split among Ivy League schools as they wrestle with unions.

What’s Joe Weisenthal thinking? The Bloomberg news director thinks the Fed may be in more of a dovish mood than some think, given how Jerome Powell has downplayed inflation concerns.

What you’ll need to know tomorrow

What you’ll want to read tonight

Can a robot build better hamburgers? We’re going to find out. Next week, the world’s first robot-crafted burger will roll off a conveyor belt in San Francisco and into the hands of the public. It's assembled and cooked in a machine that contains 20 computers, 350 sensors, and 50 actuator mechanisms. But how does it taste?

©2018 Bloomberg L.P.

Bloomberg
Stay Updated With OnWeb News On BloombergQuint