In its latest swipe at President Donald Trump, China fined Ford $23.6 million for antitrust violations, adding to the U.S. companies hit by trade war crossfire. A few days ago, China announced a probe of FedEx, a retaliatory strike for Trump's blacklisting of Huawei. China has also threatened to target foreign firms that damage the interests of its domestic companies. —Josh Petri Here are today's top stories Meanwhile, Boeing has been negotiating one of the largest orders ever of wide-body jetliners—with China airlines. The $30 billion deal might just cool the trade war while providing Boeing some good news, given its grounded 737 Max and the two crashes that killed 346 people. House Democrats seeking Trump's tax information have eagerly awaited a New York law allowing limited access to his state tax returns. They may end up disappointed. Amazon unveiled a new drone the company said it will use for test deliveries of household goods starting within months. Artificial intelligence hinges on making computers "think" like humans, but most chips aren't designed that way—except this one, Bloomberg Businessweek reports. A few airline carriers are making an effort to shrink their carbon footprint with biofuel, offsets and generating a lot less trash. Goldman Sachs was sued by an ex-vice president who said the bank discriminated against him for being gay, and then fired him for complaining. What's Joe Weisenthal thinking about? The Bloomberg news director said Fed Chairman Jerome Powell's speech was interpreted as being dovish, even though he didn't actually say anything about rate cuts. So what made the bulls so happy? To understand, Joe says, it's worth going back to last December. What you'll need to know tomorrow What you'll want to read tonight in Pursuits To experience a variety of great golfing in a week, you used to have to go to Ireland or Scotland. But if you have the itch to move around and hit some open road, go Midwest, young man. Wisconsin—home of the "frozen tundra" during fall football season and the NBA's Greek Freak in the spring—is a golfing nirvana during summer. Like Bloomberg's Evening Briefing? 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. Need something to binge listen? Check out our new podcast: From Wondery and Bloomberg, "The Shrink Next Door" is a story from Joe Nocera about power, control and spending three decades seeking help from someone who pretty much turns out to be the wrong person. Listen on Wondery, Apple Podcasts, or wherever you get your podcasts. Download the Bloomberg app: It's available for iOS and Android. |
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