Your Evening Briefing
The vote on whether to confirm Brett Kavanaugh to the U.S. Supreme Court is this weekend, and it seems likely Republicans will prevail. Given the fury over alleged sexual misconduct and questions of judicial temperament, political bias and claims of a coverup, one thing is certain: No matter what the result, there's a firestorm coming.
Here are today’s top stories
Unemployment fell last month to 3.7 percent, but when it comes to increasingly stagnant U.S. wages, paycheck growth actually slowed.
U.S. stocks ended their worst week in a month as a selloff of Treasuries continued amid speculation the new job numbers guarantee rate hikes.
Saudi Arabia’s crown prince insisted Aramco’s IPO will go ahead by 2021, and that the company is worth at least $2 trillion.
Congress is considering denying Turkey the F-35 fighter jet as it cozies up to Russia, Bloomberg Businessweek reports, but guess which country makes parts for the troubled American aircraft?
At least 425 prominent men and women across industries have been publicly accused of sexual misconduct in the year since #MeToo began.
What’s Luke Kawa thinking about?The Bloomberg cross-asset reporter said the Treasury induced equity sell-off could be followed by something worse: a sustained flip in the presumed negative correlation between stocks and bonds.
What you’ll need to know tomorrow
- Asia tech stocks hit a 15-month low thanks to U.S.-China tension.
- It’s the end of an era for the most famous fish market on the planet.
- Interpol’s Chinese boss has vanished, and China may know why.
- Cryptocurrency is the only way Venezuelans can buy a passport.
- Yale University invested in a crypto fund that raised $400 million.
- A Canadian pot seller is mulling deals with food and drink makers.
- Elon Musk slams the SEC and shorts as Tesla starts to turn a corner.
What you’ll want to read tonight
Soda giants Coca-Cola and PepsiCo have swallowed up sports drinks, flavored waters, juices and seltzers in a bid to diversify away from the dreaded high fructose corn syrup. Recently, they've been buying into kombucha, that trendy, vinegary health drink. But the probiotic beverage comes with unique problems that may prevent it from truly breaking out.
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