Your Weekend Reading: Too Many Bulls
Markets this week seemed to be echoing the main impeachment defense proffered by Republicans, namely the cry of “So what?” But stock investors may be too bullish, some say. Still, home sales remain strong, as does consumer spending. Maybe it’s because President Donald Trump seems certain to survive a Senate trial. Meanwhile, House Speaker Nancy Pelosi is keeping her cards close. Bottom line: The U.S. economy had a good year even if Trump didn’t.
What you’ll want to read this weekend
Apple is secretly working on a network of satellites and other technology to connect to its devices. Amazon has already filed to launch 3,236 of its own for streaming services.
Boeing’s crisis deepens. Its unmanned space mission failed, the company’s profit drive may have left 737 Max pilots unprepared, and United Airlines won’t fly the jet until June at least. Now rival Airbus can’t make enough planes.
Some of the best-known hedge fund founders are throwing in the towel. A few of them may be chilling on their superyachts in the Caribbean.
Somehow Rudy Giuliani seemed a little less ubiquitous as his boss got impeached. Still, he craves influence and needs cash.
Protests around the world could signal a revival of anarchism, which sought to fight exploitative modes of economic production, Pankaj Mishra writes in Bloomberg Opinion. Meantime, India banned protests over its widely condemned religion-based citizenship law.
What you’ll need to know next week
- Trump, now the third impeached president, is staying at Mar-a-Lago.
- The European Union ponders its future relationship with Britain.
- China, Japan and Korea meet to accelerate trade talks.
- Israel’s Benjamin Netanyahu faces a party leadership challenge.
- The new Star Wars movie will likely face more bad reviews.
What you’ll want to read in Bloomberg Graphics
Enough with your groaning already. Maybe it’s not so bad. Scientific breakthroughs. Moves toward equality. Attention to climate change even? This is the Bloomberg Optimist’s Guide to 2020.
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