Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
Apple forecast sales between $60 and $62 billion on Thursday afternoon, beating analysts’ estimates and sending shares soaring to $190.29 as the market closed in New York. The stock has gained 12 percent this year, moving Apple closer to becoming the first U.S. company with $1 trillion in market value.
Here are today's top stories
Facebookhas identified an ongoing effort to influence the U.S. midterm elections by way of inauthentic accounts. The company said it doesn't know who's behind it—yet.
U.S. President Donald Trump lashed out at the powerful conservative network built by Charles and David Koch, calling the billionaires "a total joke." He also repeated a threat to shut down the government to win funding for a border wall.
In Nafta negotiations, Canada is getting the cold shoulder. But Mexico is close to a deal with the U.S. on rules for cars sold under the agreement.
The U.S. and China are trying to restart talks aimed at averting a full-blown trade war. Negotiations to resolve the dispute have been stalled for weeks.
If you thought the tech stock slump was bad, take a look at Tencent Holdings. The Chinese giant has tumbled 25 percent from its January peak, erasing about $143 billion in market value.
The lower 48 U.S. states are a 1.9 billion-acre jigsaw puzzle. Here's how America uses all that land to feed itself, power the economy and extract value for business and pleasure.
What's Joe Weisenthal thinking about? The Bloomberg news director is interested in the state of the tech industry. It's the karma quarter for big tech, as all of the underlying issues facing the sector can't be ignored anymore.
What you'll need to know tomorrow
- White House Chief of Staff John Kelly has agreed to stay through the end of 2020.
- The administration said it's not actively weighing a change to the capital gains tax.
- The trial of Trump's former campaign manager began Tuesday. Here's the latest news.
- Jackie and Mike Bezos' stake in their son's company could be worth almost $30 billion.
- The NBA has partnered with MGM to create an official sports book.
- The firearms industry is not worried about 3-D printed guns.
- Kraft Heinz plans to design a greener alternative to the iconic ketchup packet.
What you'll want to read tonight
For the past year, Kyla Jackson has been one of the only teenagers in the world who gets a ride to school from a robot. The Jackson family, along with some 400 neighbors in their Phoenix suburb, are volunteers in an ongoing test of Waymo’s autonomous ride-hailing business, which is expected to launch for paying passengers in the area by the end of the year.
©2018 Bloomberg L.P.