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Crews respond well to unique snow system; drivers not so much Paducah Sun
November 13, 2019Read More
(Bloomberg) — Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.The broken-down engine that is Spanish politics has spluttere…
November 13, 2019Read More
(Bloomberg) — Want the lowdown on what’s moving European markets in your inbox every morning? Sign up here.Good morning. Donald Trump made threats on tariffs and criticized the Fed, Spanish politicians still have work to do and the violence in Hong Kong is showing few signs of abating. Here’s what’s moving markets.Tariffs and RatesThe highly-anticipated speech from U.S. President Donald Trump at the Economic Club of New York didn’t include too much that was new but reiterated some favored topics with verve. Trump said the U.S. will substantially raise tariffs on Chinese goods if no deal is struck between the two countries and he repeated the same threat for any other countries that don’t play ball. The president also went after the Federal Reserve again, slamming the central bank’s shunning of negative rates as bad for the U.S. He also warned that should he lose the 2020 election, that could put market gains in danger.Spain’s GovernmentSpanish Acting Prime Minister Pedro Sanchez’s Socialists cut a deal on Tuesday to work with the anti-establishment Podemos party to work together in a coalition to govern the country, an attempt to bring at least some degree of certainty to the country’s political situation. It’s a significant move but there are still some big hurdles to get over yet, not least the fact that the two parties don’t have enough votes to form a majority and so some wooing of the smaller parties will be required to get a government fully formed. All eyes on Madrid after Spanish stocks and bonds underperformed following Tuesday’s news.‘Unthinkable’Stocks in Hong Kong took a plunge again and the swings are getting wilder as the tensions between pro-democracy protesters and the local government show few signs of abating, with the security chief warning of “unthinkable consequences” if the violence continues. There is growing debate among the protest leaders about the tactics being used amid fears they could embolden China to exert its authority further. Early data indicate the economy is still suffering the effects of the unrest and local banks are telling staff to cancel meetings and be safe.BorrowingFunding costs are low and companies are getting in while the getting is good. U.S. drugmaker AbbVie Inc. has sold the largest block of bonds of the year to fund its purchase of Allergan Plc, encouraged by narrowing credit risk premiums as investors pile money into corporate credit funds. These cheaper costs and the outlook for these to rise in coming months may also help explain the bold pushes in recent weeks from private equity, another example of which can be seen in reports that 3G Capital, known normally for investing in consumer businesses, is eyeing the elevator business of German conglomerate ThyssenKrupp AG.Coming Up…Asian stocks retreated, led lower by Hong Kong’s Hang Seng, and futures in the U.S. and Europe aren’t painting a prettier picture of the open. U.K. and U.S. inflation data will land, as will the latest World Energy Outlook report from the International Energy Agency. On the earnings front, the U.K. has flurry of midcap names reporting including housebuilder Taylor Wimpey Plc, property firm British Land Co. Plc and pub chain JD Wetherspoon Plc, where the man in charge is a notable Brexit supporter. Also, the impeachment hearings will start and be televised, plus President Trump is meeting with Turkey’s Recep Tayyip Erdogan.What We’ve Been ReadingThis is what’s caught our eye over the past 24 hours. U.K. public services cuts under austerity have been laid bare. Global pollution is rising and won’t peak before 2040. The unsolved mystery of the Medallion Fund’s success. Inside the toxic phone booths at WeWork. Google sued a London taxi outfit called Goooglie Cars. The demise of Libor will upend a popular derivatives contract. The new sustainable travel trend? Train bragging.Like Bloomberg’s Five Things? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close.Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.To contact the author of this story: Sam Unsted in London at [email protected] contact the editor responsible for this story: Celeste Perri at [email protected] more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
November 13, 2019Read More
(Bloomberg Opinion) — Yemen is a graveyard of optimism. In five years of war, a cessation of hostilities — even if temporary — seemed possible several times. There was a truce in the summer of 2015, two ceasefires and peace talks in Kuwait in 2016, an…
November 13, 2019Read More
Trump to receive Erdoğan warmly but US-Turkish relations are at a low ebb – and policymakers are braced for a crucial week of talksTrump and Erdoğan at the Nato summit in Brussels in July 2018. The strength of the pair’s relationship is seen by many as…
November 13, 2019Read More
Turkish President Recep Tayyip Erdogan and President Donald Trump will meet as relations between the two NATO allies are at their lowest point in decades, with Turkey rebuffing the U.S. and turning toward Russia on security issues and Ankara facing a W…
November 13, 2019Read More
Barely four months into his tenure, Defense Secretary Mark Esper is making his second trek across the Pacific. Esper’s Asia visits illustrate the central feature of a revamped U.S. defense strategy: Focus first on China as a threat to U.S. global pred…
November 13, 2019Read More
(Bloomberg) — Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.U.K. politicians should be wary of seeking Stephen Lansdown’s backing for their election campaigns.The co-founder of financial-services firm Hargreaves Lansdo…
November 13, 2019Read More
John Calipari said that he was “outcoached” in Kentucky’s loss to Evansville. Read his full interview transcript.
November 12, 2019Read More
Israel on Tuesday targeted two senior commanders from the Palestinian militant group Islamic Jihad, killing one in the Gaza Strip and missing the second in Syria as it stepped up its battle against Iran and its proxies across the region. The death of …
November 12, 2019Read More
The judge said the Trump administration did not follow the right procedures when it moved to allow the blueprints to be posted. The organization that wants to publish the blueprints plans to appeal.
November 12, 2019Read More
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