Your Evening Briefing
The conflicting signals keep coming. December witnessed big gains in employment and even some wage growth. The Fed chairman expressed a willingness to modulate when it comes to rate hikes. The markets liked the news, but worries about what 2019 holds, especially thanks to the trade war, remain. And so the roller-coaster ride continues.
Here are today’s top stories
The biggest red flag of 2019 (so far) was Apple’s surprisingly sour iPhone forecast. For these prescient analysts, though, it wasn’t a surprise at all.
There are some optimists. Citigroup says recession fears are overblown and advises that you buy the dip in equities.
Investors looking to put their money into non-planet killing endeavors face at least ten challenges in 2019. Read how green Wall Street, which now includes a whopping 25 percent of U.S. investments, can cope.
After a slow start, influenza is beginning to take hold across the U.S. The good news is that it’s unlikely to be as bad as last season, when almost 80,000 Americans died. The bad news is that there’s a long way to go.
Europe’s airlines are facing a very cold winter, Bloomberg Businessweek reports, as mounting losses and weak balance sheets loom large.
What’s Luke Kawa thinking about? The Bloomberg cross-asset reporter is marveling at the relentless rally in long bonds. We’ve gone from “cash rules all” to “duration rules all” in record time.
What you’ll need to know tomorrow
- Huawei demoted two workers for an embarrassing New Year’s tweet.
- Philippine stocks are the world’s best performers right now.
- Germany is the latest victim of a sophisticated hacking attack.
- How bad is retail? Saks Fifth Avenue is shutting down a NYC store.
- A second Republican U.S. senator says he will retire in 2020.
- A freshman Democrat urges FDR era taxes on ultra-rich.
- Let us introduce you to the world’s most punctual airlines.
What you’ll want to read tonight
These are the very worst luxury cars of 2018. Yes, usually it’s the “best of this” or the “best of that” but not this time. Not all modern luxury car are created equal. Some have shoddy interior materials lining their walls, others lack the power and torque to make them equal to competitors. Others are just plain boring. We discovered the very worst offenders, and just have to share.
©2019 Bloomberg L.P.