Thursday, July 26

ByKevin Sheekey

Mark Zuckerberg Loses $15 Billion as Facebook Plunges (Bloomberg)
Put in perspective, that’s just a sixth of his net worth, and 5 times President Trump’s net worth. Facebook shares currently remain up since July 2017.

Most Read on the Bloomberg Terminal (Last 8 Hours):
Facebook Takes Historic Plunge as Scandals Finally Take Toll (Bloomberg)

Jean-Claude Juncker is a Winner: How the EU Bureaucrat Won Bigger Than Trump (Bloomberg Opinion – Leonid Bershidsky)
Juncker Hails ‘Major Concession’ from U.S. on Autos (Politico)
-Bottom line: To get what he wanted, Juncker promised Trump things that have already happened. (Politico Brussels Playbook)

No Longer Foes?: Trump tweeted last night: Obviously the European Union, as represented by @JunckerEU and the United States, as represented by yours truly, love each other!

As Predicted: Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion (New York Times)

Court Watch: Federal Judge Allows Emoluments Case Against Trump to Proceed (Washington Post)

Poll Watch: Trump Approval Sags in Michigan, Wisconsin and Minnesota, Dems Advantage in Congressional Races (NBC News/Marist)
–Minnesota: 30 percent of voters say Trump deserves re-election, versus 60 percent who disagree.
–Michigan: 28 percent believe he deserves re-election, while 62 percent say it’s time to give another person a chance.
–Wisconsin: 31 percent say the president should be re-elected, and 63 percent say he shouldn’t.

From Bloomberg London: Be Ready for Any Brexit Market Hit, U.K. Regulator Tells City (Bloomberg)
Sam Woods, the Bank of England’s top supervisor, spoke on Wednesday in a wide-ranging interview at Bloomberg’s London headquarters where he said contingency planning for Britain’s withdrawal from the European Union will be similar to its preparations for the Scottish independence referendum in 2014 and the U.K.’s Brexit vote two years later.

Welcome to the New Space Age: Space is about to get a whole lot more accessible—and potentially profitable (Bloomberg Businessweek Cover)


Headlines from around the world.

Evening Standard: London Boiling Point: ‘Hellhole’ on trains and Tube Lines with 36C Heat

The Daily Telegraph: From sweltering schools to melting roads, MPs reveal how Britain is not prepared for its heatwave future

Bloomberg: Oil Rises as Houthi Attack on Saudi Tankers Underscores Geopolitical Risk Premium

BBC: Pakistan election: Imran Khan claims victory amid rigging claims

China Daily: Brussels summit could signal NATO’s decline

Eater.com: The 18 Best New Restaurants in America (hat tip: Howard Wolfson)


Best of late night.

On audio tapes that have emerged with President Trump talking to his attorney Michael Cohen:

“For any other president, a tape like this — on which we hear his voice, his married voice, suggesting that his lawyer pay a Playboy bunny $150,000 in cash to keep her quiet — for any other president, there would be an address to the nation tonight. He would be sitting at a desk, arms folded, serious face. He’d apologize to his wife, his family, possibly Jesus, I don’t know. We might even have to get Barbara Walters involved. But for this president, there’s no statement. For him? Just Wednesday.”
— Jimmy Kimmel

On former FBI director James Comey who said on Twitter this week that the Democratic Party should not move leftward:

“Really, James Comey? You’re worried the Democrats are going to move too far to the left? Really? I don’t know if you remember, but we were just about to have a nice, boring, moderate Democrat for a president until you decided to open your mouth a week before the election. Really, as far as I’m concerned the Democrats can vote for a bong in the shape of Che Guevara, and you’ve got nothing to say about it!”
— Amy Poehler

On Trump’s selection of Brett Kavanaugh to be the next U.S. Supreme Court justice:

“I guess we should just count our blessings that he didn’t get his first choice, Putin in a wig.”
— Samantha Bee

For more best of late night from the New York Times, click here.