Your Evening Briefing
The trade war has added an extra layer of danger to military encounters between the U.S. and China. As midterm elections near, the White House is escalating its rhetoric and the Pentagon is mulling a major show of force. But for those who worry that such chest-thumping could lead to conflict, it’s worth noting that, in spectacularly subtle fashion, China has already attacked.
Here are today’s top stories
But China is hurting, too. Tariffs, U.S. economic strength and a hawkish Fed are pushing funds out of emerging markets and into American assets.
Republicans said a report on the FBI’s sexual assault probe of Supreme Court nominee Brett Kavanaugh shouldn’t block his confirmation. Democrats said the agency investigation was a White House whitewash. The Senate could vote as early as this weekend.
Eleven Russians were expelled from the Netherlands or charged by the U.S. for cyberattacks tied to probes of assassination attempts in the U.K. using a nerve agent, the destruction of a passenger jet over Ukraine that killed almost 300 people and organized doping among Russian athletes. Meanwhile, a security firm said the Russian agency that interfered with the 2016 U.S. election is now spying on governments in Europe.
The U.S. economy may be booming for market players, but for more Americans stagnant wages and multiple jobs are normal. Here’s why.
Remember how Jeff Bezos buckled under pressure to raise Amazon’s wages? Well, he killed worker bonuses and stock awards to pay for it.
What’s Tracy Alloway thinking about? The Bloomberg executive editor says there's an overlooked area of the economy where America is firing on all pistons: logistics and transport.
What you’ll need to know tomorrow
- U.S. stocks fell as the Treasuries rout fueled repricing of risk assets.
- Scientists say we urgently need a doomsday vault for 'good' germs.
- A decade after its financial collapse, Iceland faces a new crisis.
- More than $1 trillion has flowed through this Baltic nation.
- A former Obama operative built a Republican attack machine.
- Netflix fights Hollywood for talent, Bloomberg Businessweek reports.
- These are the top 50 bars in the world.
What you’ll want to read tonight
Sarah Jessica Parker is building a stiletto empire. The “Sex and the City” icon is leveraging her famous character’s weakness for shoes into the latest celebrity brand, opening new stores including one in Manhattan’s South Street Seaport. Now the hard part.
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