Pessimism settles in

The wave of economic pessimism got bigger. The latest U.S. jobs report was a huge disappointment and put more pressure on the Federal Reserve to cut interest rates, maybe even as soon as this summer. Bond yields tumbled. The outlook for the trade war is baffling companies. President Donald Trump reversed course Friday evening, reaching a deal with Mexico on trade and immigration and calling off planned tariffs. What you'll want to read this weekend Big tech has been preparing for this moment for a while. Companies including Google and Facebook are lawyered up and ready to make the case they shouldn't be broken up.  Huawei is fighting back. Its 10,000 developers are working across shifts, one indication of the company's drive to beat Trump's blacklist. A new surveillance balloon just completed a test over four western states. They're meant for miners, railways and pipelines. The worry is they also spell the end of privacy. Forget the humdrum hype around scooters, electric bikes and ridesharing. Here are six flying robo-taxis. A good tale for parched times: How to tow an iceberg with enough water for four million people. What you'll need to know next week Central bank chiefs meet at the G20 in Japan over the weekend. The race to succeed Theresa May kicks off officially on Monday. Elon Musk hosts Tesla's annual shareholder meeting Tuesday.  The world's lowest interest rate could go even lower. New York legislators wrestle with new real estate regulations. What you'll want to see from Bloomberg Photos A Look Back at 1969 in Pictures It's been 50 years since Woodstock, Stonewall and man walking on the moon. An era ended. A new one began.  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. Need something to binge-listen to this weekend? Check out the 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. FOLLOW US SEND TO A FRIEND You received this message because you are subscribed to Bloomberg's Weekend Reading newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022