Your Evening Briefing
Congress has only a few days left to come up with an agreement on border security spending to prevent another government shutdown. A bipartisan conference committee has been working on just such an agreement, but has yet to announce its plan. According to President Donald Trump, those negotiations are a waste of time and there's a "good chance" he'll declare a national emergency in order to bypass Congress and get the funds for his border wall.
Here are today's top stories
Two years into Trump’s presidency, the man who has profited most from the era is his foremost nemesis in the business world, Jeff Bezos.
The 1 Percent is the group most often cited when we talk about income inequality. Yet that term can describe a wide variety of earners, depending on where they live. Here's what the richest of the rich look like around the world.
Gerald Cotten was always security conscious, encrypting everything used to run his crypto exchange. Unfortunately, he died, leaving $145 million in tokens inaccessible.
Diamond glass could make your phone’s screen nearly unbreakable—and its inventor says the FBI enlisted him after Huawei tried to steal his secrets, Bloomberg Businessweek reports.
Bond king Bill Gross is retiring. His career is a cautionary tale for any fixed-income investors who think they’re smarter than the rest of the market, Brian Chappatta writes in Bloomberg Opinion.
Vladimir Putin is spending billions to make Russian cities worth living in—and to help keep his poll numbers up.
What's Joe Weisenthal thinking about? The Bloomberg news director is mulling over Friday's jobs report, which was a nice Rorschach test for the economy. You could look at it and say, the labor market is blazing hot, and therefore it doesn't make sense for the Fed to pause on rate hikes. Or you could look at it and say, there's still plenty of people who want to work, wage growth is still mild, and the labor force participation rate is creeping upwards, therefore the Fed has plenty of time to be patient.
What you'll need to know tomorrow
- Tesla owners are furious the polar vortex affected their batteries.
- Bud Light's Super Bowl ads infuriated the corn lobby.
- FanDuel lost $5 million on the first legal Super Bowl bets in N.J.
- Brands no longer want your loyalty. Now they want your love.
- Here's what happens when a hedge fund's star walks away.
- Elon Musk showed off a new rocket engine.
- The mega-rich, at a Palm Beach party, say don't tax the mega-rich.
What you'll want to read in Bloomberg Pursuits
Everyone needs a foolproof date night plan—or romantic escape—regardless of whether they celebrate Valentine’s Day. Here’s a cheat sheet you can use any time and (almost) anywhere, tried and tested by Bloomberg’s experts in 14 cities, from Miami to Milan.
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