Investors will spend the weekend looking for signs of progress toward an interim trade deal between the U.S. and China. While on Thursday both sides said they were ready to drop some tariffs, on Friday President Donald Trump poured cold water on such a rollback. In Europe, the outlook worsened while Britain’s central bank seemed split over its Brexit response. Warnings of excessive froth punctuated the week, including one by billionaire Ray Dalio concerning the perils of free money. Will the U.K. election on Dec. 12 settle Brexit? To keep up with the latest news, sign up for our daily newsletter, follow us on Twitter and subscribe to our podcast. What you’ll want to read this weekend Boeing engineers were almost done redesigning software on the grounded 737 Max when pilots came close to crashing in a simulator test. That’s when the delays began. California has become America’s worst housing nightmare—and billions of dollars from Google, Facebook and Apple wont’t fix it. Investment banks worried about the costs of climate change are putting U.S. state and local governments on the spot when they sell bonds, Bloomberg Businessweek reports. In Central Asia, ecological degradation is threatening water access for hundreds of millions of people. Netflix, HBO and cable giants are cracking down on a loophole that’s nice for customers but could be draining billions of dollars in revenue. What’s wrong with a four-day workweek? Maybe nothing, Noah Smith writes in Bloomberg Opinion, since long hours can hurt productivity. What you’ll need to know next week Public hearings begin in the Trump impeachment inquiry. Walmart, CBS and Viacom report earnings. Alibaba’s Singles’ Day is Monday. Bloomberg Opinion: Xerox’s bid to acquire HP could work. Turkey’s Erdogan arrives in the U.S., shopping for Patriot missiles. What you’ll want to see in Bloomberg Graphics Stanford led Bloomberg Businessweek’s ranking of the top U.S. business schools for the second straight year, taking in high marks for compensation and entrepreneurship. Dartmouth jumped to second place. Harvard, University of Chicago and University of Virginia rounded out the top tier. Like Bloomberg’s Weekend Reading? Subscribe to Bloomberg.com. You’ll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer. Join InterContinental Hotels Group CEO Keith Barr and Mastercard Executive Vice Chairman Ann Cairns for the Bloomberg Breakaway CEO Summit in London on Nov. 12. The gathering brings together more than 100 CEOs, managing directors and company founders for a day of expert-led workshops and interviews to help scale up and transform your organization. Click here to learn more. Download the Bloomberg app: It’s available for iOS and Android. 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. |