The Fed is letting interest rates stay where they are for now, but that doesn't mean they won't climb come summer. Speaking of summer, that's when Elon Musk says he'll be making 5,000 of his Model 3s every week. —David E. Rovella Here are today's top storiesThe Fed didn't raise rates and hinted at a willingness to let inflation exceed 2 percent. Nevertheless, investors are unlikely to back off their expectation of a June rate hike. The Republican tax cut and spending increases are forcing the U.S. to issue an extra $73 billion in government bonds this quarter. Tesla beat back the haters, forecasting it’ll generate cash later this year as production of Musk’s critical, mass-market sedan accelerates. Google is secretly building a social-gaming startup. Arcade will be a social-media investment, because a successful game is also a social network—or so the search engine giant hopes.
President Donald Trump is threatening to intervene in a fight over internal Justice Department documents sought by House Republicans, including some related to the Russia criminal probe. More finance jobs are leaving New York as the pricey metropolis forces firms to look for cheaper digs elsewhere, including Nashville, Jacksonville and Salt Lake City.
What's Joe Weisenthal thinking? The Bloomberg Markets executive editor isn't so certain fear of Facebook in the online dating space is as warranted as stocks seem to suggest. What you'll need to know tomorrowIt's hard to fight the special counsel when you don't have a security clearance.The airlines want you to try out these secret fares.Unions are still in the cockpit, but this carrier wants them out.Amazon is gunning for PayPal in the checkout line.This billionaire just put half his money in gold.There's a dogfight brewing in the world of bitcoin.The walls cave in for the data mining firm that helped Trump win.What you'll want to read tonightGo to Honolulu For the Beach, Stay For Amazing Restaurants Honolulu has been lifting its food-and-drink bar ever higher, from elite sushi to smoking cocktails, local breakfasts to no-frills poke, and even a food hall that merits a look. Oh, and it's usually beautiful and warm outside. Like Bloomberg's Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You'll get our unmatched coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.
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