President Donald Trump opted to take a less confrontational approach toward Chinese investments in the U.S. while a leaked report from a Chinese government-backed think tank has warned of a potential "financial panic" in the world's second-largest economy. In Washington, the U.S. Supreme Court, and Justice Anthony Kennedy, went out with a bang. —Josh Petri Here are today's top storiesKennedy announced he will retire, allowing President Trump to nominate a successor who could create the most conservative court in generations. The Senate fight this fall will likely be epic. The current court said government employees have a constitutional right not to pay union fees in a ruling that affects 5 million workers and deals a heavy blow to the American labor movement. Disney won U.S. antitrust approval for its $71 billion purchase of 21st Century Fox's entertainment assets, raising hurdles to a potential rival bid from Comcast. House Republicans fell far short on their second attempt to pass a GOP-only immigration bill, notching another failure on Trump’s signature issue. Alexandra Ocasio-Cortez, a former organizer for Senator Bernie Sanders' presidential campaign, handed longtime Democratic Representative Joe Crowley a stunning loss. The plan,called Operation Constitution, was simple: to capture Venezuelan President Nicolás Maduro and put him on trial. Then something went wrong. We go inside the attempted coup. What's Joe Weisenthal thinking? The Bloomberg news director is questioning the common wisdom on Trump's trade tactics. M&G money manager Eric Lonergan argues that Trump is the first leader to correctly identify Europe as a source of major imbalances. Check out his clip on TV yesterday where he argued that if Trump's style were different, he'd be getting praised in elite quarters rather than panned. What you'll need to know tomorrowIndia's space agency wants to find a trillion-dollar nuclear fuel on the moon.Imagine being able to buy just the top of a muffin. Yeah, McDonald's went there.The growth of commercial space launches is making life difficult for U.S. airlines.These are the 25 richest families in the world.More and more hedge fund managers expect a financial crisis.An environmental organization warned more data is needed on engineered meat products.Elon Musk said that a bearish Goldman Sachs analyst was "in for a rude awakening :)"Sponsored Content by Haven Life Insurance Agency Haven Life Insurance Agency is changing the way people buy term life insurance so that it's actually simple. That means an intuitive, online application, a price that's affordable and a policy that's issued by MassMutual. That's what we call in business a win-win-win. Apply online now. What you'll want to read tonightA confident criminal can rob a bank with nothing more than a handwritten note, but a truly ambitious theft requires specialized equipment and skills. Here's some of the hardware thieves use to pull off a break-in—and some things you can use to guard against one. lock picksPhotographer: Hannah Whitaker for Bloomberg BusinessweekSomething new in your inbox: The Weekly Fix is an email with the latest fixed income news, charts, and insights. Sign up here to start getting it in your inbox on Fridays. Get the latest on what’s moving markets in Asia. Sign up to get the rundown of the five things people in markets are talking about each morning, Hong Kong time. Download the Bloomberg app: It's available for iOS and Android. |