Thursday, November 7

ByKevin Sheekey

Trade War Latest: China Says U.S. Agrees to Tariff Rollback If Deal Reached (Bloomberg)

China and the U.S. have agreed to roll back tariffs on each other’s goods in phases as they work toward a deal between the two sides, a Ministry of Commerce spokesman said.

2020 Watch.

Election Recap: Democrats Extend Dominance of Suburbs, with Eye to 2020 (Washington Post)

Mike Bloomberg’s Gun-Safety Group Just Vastly Outspent the NRA to Help Democrats Win in Virginia (CNBC)

The results could be a good omen for Democrats’ chances in 2020 and it may also be a tipping point in the money battle over gun safety.

The Mike Bloomberg founded and funded Everytown for Gun Safety spent $2.5 million this year supporting candidates in Virginia versus approximately $300,000 by the NRA, which has its headquarters in Fairfax, Virginia.

Global Affairs.

Emmanuel Macron: Trump’s Neglect of U.S. Allies Is Killing NATO (Bloomberg)

The French president tells The Economist that President Trump has turned his back on his European allies and undermined the 70-year-old North Atlantic Treaty Organization, creating an existential threat for America’s transatlantic partners.

Impeachment Watch.

Economic News.

Following IMF’s Warning: EU Warns Worst May Be Ahead as Euro-Area Resilience Wanes (Bloomberg)

Climate of Hope.

Bloomberg Insider.

Winning: Bloomberg Rises in Chartis RiskTech100 Ranking and Wins Four Awards (Bloomberg press announcement)

Bloomberg LP won four awards at the Chartis RiskTech100 2020 Awards in New York on November 5, including the Best Solution Awards for Pricing & Analytics – Fixed Income, Pricing & Analytics – Multi-asset, Evaluated Pricing & Data – Fixed Income, and Hedge Fund Risk Management, for the second year in a row.

Today in Media.

Bob Iger Takes the Gloves Off for Disney’s Streaming Debut (Bloomberg Businessweek cover)

Disney+ looks like the future of the house of mouse. It could also define the CEO’s legacy when he retires in 2021.

Best of late night.

“According to analysts, the number of false news reports about U.S. politicians being shared on Facebook may create a “Titanic-sized disaster in the 2020 election.” Except this time, the ‘berg’ isn’t ice, it’s ‘Zucker.’”
— Seth Meyers

“Justin Bieber today released an all-natural, vegan deodorant called ‘Here + Now’, as in ‘Here, put this on!’ and ‘Now, you smell terrible.’”
— Seth Meyers

“NBC said it might offer its streaming service for free if you watch ads. Yeah, that’s actually what they said. NBC simply got the idea from what everyone else has been doing — for the last 70 years!”
— Conan O’Brien

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