Good day from Hong Kong, where a new chapter in China’s bond market has opened that will reshape global markets.
Bloomberg Adds Chinese Government Bonds to Flagship Index (Financial Times – subscription)
The news kicked off inflows of up to $2 trillion to China’s onshore debt market.
Explainer: Why China’s Inclusion in Global Bond Benchmarks Matters (Euronews)
Brexit Update: Theresa May will hold a crisis meeting with her cabinet today where ministers will probably weigh postponing the date for the exit from the European Union until year’s end or beyond. Parliament yesterday rejected all options that were put forward to replace May’s unpopular plan.
–May’s Cabinet Confronts Brexit Crisis After Commons Stalemate (Bloomberg)
–Climate Protesters Strip Off Clothes During U.K. Brexit Debate (Associated Press)
–Goldman Sees a `Big Finish’ for Brexit, Opportunity in the Pound (Bloomberg)
Trump Punts Vote On Health-Care Bill Until After Next Year’s Elections (Washington Post)
The N.R.A.’s Strength Is Being Tested by a New Domestic Violence Act Provision (New York Times)
Representative Debbie Dingell, Democrat of Michigan, drafted the provision and fought for it to be included in the Violence Against Women Act. The measure closes the so-called boyfriend loophole by barring those convicted of abusing, assaulting or stalking a dating partner or those subject to a court restraining order from buying or owning firearms.
IPO Watch: Lyft Stock Tumbles Two Days After its IPO (Fortune)
Climate of Hope: Canada’s Carbon Tax Takes Effect Today (CBC)
@MikeBloomberg tweeted: Fighting climate change with smart, market-based solutions is good for the environment and good for the economy. Putting a price on pollution is one of the most practical and affordable tools we have to reduce emissions.
Trade Today: EU-U.S. Trade Talks Face Delay, Risking Trump Backlash (Bloomberg)
One sticking point includes the role of climate and environment in the mandate given the U.S. decision to withdraw from the Paris climate accord.
Tech and Media News: Singapore Isn’t Waiting for Facebook to Crack Down on Fake News (Bloomberg)
Music News: Mick Jagger Having Heart Surgery in NY, Postpones Rolling Stones Tour (Rolling Stone)
Mick Jagger will undergo surgery to replace a valve in his heart this Friday and is expected to make a full recovery. He plans to return to touring this summer.
Arts Today: Millennials in Hoodies Spend $28 Million on Simpsons-Themed Art (Bloomberg)
Best of late night.
On Trump’s Attorney General William Barr releasing a statement Friday clarifying that the four-page letter he issued discussing the Mueller report should not be seen as a “full summary”:
“Wait, so it wasn’t supposed to be a summary? That’s kind of an important detail to leave out. That’s like reading the line, ‘The prince and the princess lived happily ever after’ in a fairy tale, and then you turn the page and there’s a note saying, ‘That was not — and should not — be mischaracterized as the ending. They got divorced the next day.”
— Seth Meyers
“I heard that pretty soon Walgreens was going to start selling CBD products in their stores. Meanwhile, you can get actual weed at any Walmart if you just raise your eyebrows at the right employee.”
— Jimmy Fallon
“Today was April Fools’ Day, so if you saw anything in the news that was positive, that’s why.”
— Seth Meyers
For more best of late night from the New York Times, click here.