Your Evening Briefing

(Bloomberg) --

U.S. President Donald Trump, helped by a near-extinction of fiscal hawks on Capitol Hill, has approved budgets and tax cuts amounting to the biggest stimulus (excluding recessions) in a half-century. Democrats point to what they consider a traditional Republican aversion to major social program spending when complaining that the current largesse mostly benefits corporations and the rich. 

Here are today’s top stories

The U.S. and Canada reworked the terms of Nafta with modest revisions in a last minute deal. U.S. steel and aluminum tariffs, however, remain.

Trump administration trade policy is what a plurality of U.S. business economists say will help trigger a recession by the end of 2020.  

Those dark clouds Christine Lagarde saw on the horizon? The’ve arrived, the IMF chief says, on a stiff wind generated by the global trade war. For his part, Trump on Monday called tariff opponents “babies.”

His comment came at a Nafta press conference where he also insulted a female reporter, saying she “never” thinks. The reporter had asked about the FBI’s sexual assault probe of Supreme Court nominee Brett Kavanaugh, which the White House initially limited to four witnesses. Trump said he’s doing what Senate Republicans asked.

Regulators ordered more checks on some Boeing 737 engines after an exploding turbine on a Southwest flight killed a passenger earlier this year.

General Electric pushed out its CEO as the company struggles to reverse course. Since 2000, the iconic firm has seen its value fall $500 billion.

What's Joe Weisenthal thinking about? The Bloomberg news director is mulling whether the relationship between the exploding U.S. budget deficit, gross domestic product and unemployment is breaking.  

What you’ll need to know tomorrow

What you’ll want to read tonight

At a private party in Paris, Infiniti unveiled the Project Black S prototype, a 563-horsepower beast with a hybrid electric powertrain developed by a Formula One team. Here’s your ticket to peek under the hood.

Your Evening Briefing

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