Your Evening Briefing
(Bloomberg) -- It’s been a bad month for markets, it’s true. But Wall Street managed a small treat for Halloween: Stocks rallied for a second day while the dollar added to a 16-month high and Treasury yields jumped.
Here are today’s top stories
For equity and quant hedge funds, though, there was no sweetness to be found in October. They’ve had the worst of it.
The U.S. Treasury announced debt sales will surpass levels last seen in the aftermath of the financial crisis.
Michael R. Bloomberg writes in Bloomberg Opinion that U.S. President Donald Trump's recent immigration policies, including sending thousands of troops to the Mexico border and threatening to undo birthright citizenship, show why a Democratic-controlled Congress is necessary.
New aircraft aren’t always the safest. They’ve been involved in several incidents before this week’s disaster in Indonesia.
Bloomberg Businessweek reports on a get rich-quick scheme that almost killed an entire German soccer team.
What’s Joe Weisenthal thinking about? The Bloomberg news director can’t figure out why the markets went nuts in October, but he has a clue.
What you’ll need to know tomorrow
- These are the charts that are scaring Wall Street.
- This is where luxury home prices are rising the most.
- Welcome to the technology stock implosion.
- Venezuela’s party beaches are now filthy and deserted.
- Where to do business in 2019, and where to avoid.
- GM had a great quarter, so it’s planning big job cuts.
- Sports-talk star Mike Francesa’s app has thousands of subscribers.
What you’ll want to read tonight
How America became a nation of yoga pants. The first pair Lululemon sold were a simple item for women to wear at the studio. They were a mix of nylon and Lycra—synthetic elastic fibers that provided the stretch and softness needed to manage sweat-inducing contortions. Two decades later, those pants have built a $48 billion industry.
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