Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
Robert Mueller maintained a disciplined silence for his entire 22-month investigation of Russian meddling and Donald Trump. When he finally answered questions in public, the result was a halting and deeply unsatisfying event for lawmakers and the American public that may end up diluting the weight of his thorough 448-page report—and diminishing the reputation of the legendary lawman.
Here are today’s top stories
Mueller's televised testimony was just as confusing as his report, writes Noah Feldman in Bloomberg Opinion.
Hedge funds are turning to large swaths of alternative data—think Fitbits and connected cars—to gain that elusive trading edge.
The U.S. trucker shortage is expected to more than double over the next decade as the industry struggles to replace aging drivers.
The city is its driest in almost 150 years. Temperatures are extreme, damaging crops and shutting power plants. Paris is scorching.
Elizabeth Warren wants to stop banks from dominating a potentially lucrative new line of business: real-time payment systems that would allow consumers to instantly access money sent to their bank accounts.
U.S. Treasury Secretary Steven Mnuchin said Amazon has "destroyed" the nation's retail industry. Mnuchin once sat on the board of Sears, which is run by his college roommate, Eddie Lampert.
What’s Luke Kawa thinking about? The Bloomberg cross-asset reporter says Tuesday’s forecast update from the International Monetary Fund—which cut global growth estimates while raising America’s—has a distinctly “2018 in 2019” vibe. That is, the theme of American exceptionalism in financial markets and the real economy.
What you’ll need to know tomorrow
- Bacon will join Beyond Meat's lineup of plant-based proteins.
- Facebook says it's being investigated for possible antitrust violations.
- Million-dollar neighborhoods are taking a hit from NYC to California.
- Avocado prices are surging again, thanks to tight supply.
- China says the U.S. is undermining global stability.
- Bernie Madoff asks Trump to reduce his 150-year prison sentence.
- U.S. stocks climbed for a third day, closing at record highs.
What you’ll want to read in Bloomberg Work Wise
Sophia Bera is part of a new generation of financial planners focused on millennials, an audience that’s skeptical of traditional financial advisers and, in any case, wouldn’t get much personalized attention from most of them. The generation has different financial needs and they're turning to a new generation of financial advisers to get it. For example, many of Bera's customers are dealing with fertility issues. “Do you think someone’s going to tell some 65-year-old white dude, ‘Hey, we’re having trouble getting pregnant, can we take $20,000 out of savings?” she said. “They won’t.”
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