Tuesday 24 April 2018

Fwd: Sessions won’t back down

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From: Bloomberg <noreply@mail.bloombergbusiness.com>
Date: Tuesday, April 24, 2018
Subject: Sessions won't back down
To: rightbuy18 <rightbuy18@aol.com>

 
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Hope you're hungry: the theme of today's newsletter is food. Popeye's has discovered that everyone wants late-night fried chicken. (We could have told them this years ago.) After pushing all kinds of new beverages, Coca-Cola's greatest source of growth is still good 'ol soda. Starbucks is learning to love the drive-thru. And those contrarians in Silicon Valley aren't eating at all. —Josh Petri

 

Stocks tumbled as industrial and tech companies sent indexes lower. The Dow fell for a fifth day, the longest losing streak since March 2017, and the 10-year Treasury yield pierced 3 percent for the first time in four years.

 
Here are today's top stories...
 

French President Emmanuel Macron proposed negotiating a new deal with Iran to limit its nuclear program in a bid to keep the U.S. on board. U.S. President Donald Trump signaled White House physician Ronny Jackson should consider withdrawing his nomination as Veterans Affairs secretary, and called North Korea's Kim Jon Un "very honorable." 

 

U.S. homebuyers are more likely to purchase new digs than at any time since the 2008 crash. They don't have a lot of choice: The supply of existing homes is at a record low.

 

The Permian basin is growing into the largest oil patch in the world. Output in West Texas and New Mexico is forecast to reach 3.18 million barrels a day in May.

 

Jeff Sessions won't recuse himself from the criminal probe of Trump's personal lawyer, Michael Cohen, a switch from when the U.S. attorney general did step back in the broader special counsel inquiry into Russian interference with the 2016 election.

 

Fasting is taking off in Silicon Valley, with everyone from entrepreneurs to established executives touting the health and productivity benefits. 

 
 
 

going global

Chinese automakers are launching models in European and U.S. markets. Other Chinese companies are buying up parts suppliers, programming autonomous technology, making batteries for the world's EV fleet and corralling supplies of the metals that give those batteries life. 

 
 

How climate science and the future of energy reshape our world

Sign up for Bloomberg's weekly Climate Changed newsletter to get the best of our coverage about climate science and the future of energy, straight to your inbox.

 

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