Your Evening Briefing
Your Evening Briefing
The job market is firing on all thrusters, and even stubbornly low wage growth has ticked up a bit. But there are a lot of people who should be part of the U.S. economic picture that are nowhere to be found: Millennials. In particular, millennial men. Some 500,000 of them.
Here are today’s top stories
Next week’s U.S. midterms will be historic no matter who wins. But between now and Nov. 6, where you live will determine what issues dominate the discourse.
President Donald Trump may soon be forced to turn over business records after a judge rejected his attempt to halt a lawsuit alleging he’s using his office to enrich himself in violation of the U.S. Constitution.
A Saudi Arabia-backed fund plans a $1.1 billion investment in a Silicon Valley smart glass-maker, but the news didn’t drown out fresh, gory details of a U.S. resident's death at the hands of Saudi agents. Turkey said Friday that Saudi operatives dissolved the dismembered body of Washington Post columnist Jamal Khashoggi.
China’s stocks are sending out some scary signals about the state of its economy.
Mixed signals about the U.S. trade war with China sent stocks down on Wall Street as investors tried to make sense of dueling comments from Trump and his key economic adviser.
Huntington Ingalls earned another black mark for its over-budget, problem-ridden, $13 billion aircraft carrier. The U.S.S. Gerald R. Ford, it turns out, was delivered without any weapons elevators.
What’s Luke Kawa thinking about? The Bloomberg cross asset reporter is marveling at the Treasury's $83 billion in long term debt sales, topping the amount sold during the throes of the financial crisis.
What you’ll need to know tomorrow
- Is the iPhone over? Investors think Apple’s golden goose is cooked.
- These countries get a pass from reimposed U.S. sanctions on Iran.
- 3M has a cancer-linked water crisis brewing in its backyard.
- Trump wants to know what a China trade deal would look like.
- The black box found from the doomed Lion Air flight is damaged.
- Trump will have a friend in Silicon Valley come 2020.
- HBO is sending some White Walkers to the White House.
What you’ll want to read tonight
There’s this irresistible urge to build cities from scratch. The urban planner’s dream, a desire to start fresh that goes back to ancient times, is upon us again. This time, the outbreak is centered in the developing world, in countries where population growth and rapid urbanization have wholly overwhelmed existing infrastructure. Bloomberg Businessweek takes you on a tour of a new world, one that’s still under construction.
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