Tuesday, April 9

ByKevin Sheekey

Breaking: IMF Cuts Global Growth Outlook to Lowest Since Financial Crisis (Bloomberg)

Ahead of their spring meeting with the World Bank in Washington this week, the IMF said the 2019 growth rate would be the weakest since 2009, when the world economy shrank. It’s the third time the IMF has downgraded its outlook in six months.

IMF Managing Director Christine Lagarde warned that the world economy faces a “delicate moment” as finance ministers and central bankers prepare to gather in Washington.

Brexit Update: EU Officials See U.K. Heading for Long Extension (Bloomberg)
Theresa May meets her German and French counterparts today to seek backing for a short Brexit extension, as talks with the Labour Party on ending the impasse at home continue.

London Stock Exchange Readies Hard Brexit Move for Stock Trades (Bloomberg)
Its Turquoise trading venue is pressing ahead with plans to shift trading of European stocks to its newly minted Amsterdam operation as Brexit negotiations go down to the wire.

Wednesday Preview: Wall Street Has a Plan for Angry Lawmakers: Let Jamie Dimon Take Over (Bloomberg)
Big U.S. bank CEOs will face tough questions at Wednesday’s House hearing, which has consumed banks’ lobbying and public relations operations for weeks. They’ve compiled thick briefing binders on issues like small business lending and minority hiring, readied responses to pointed questions about pay and inequality, and conducted practice sessions where chief executive officers are cross-examined by a team pretending to be hostile members of Congress. My question: Is Jake Siewert playing AOC in practice sessions?

Boosting Pay: Bank of America to Raise Minimum Wage to $20 an Hour Over Two Years (Bloomberg)

Bond Markets Have Short Memories: Saudi Aramco Receives Blockbuster $100 Billion Demand for Bond (Bloomberg)
Saudi Arabia reemerges from the Khashoggi assassination crisis.

First on the Bloomberg: EU-U.S. Trade War Escalates Over Disputed Airbus Subsidies (Bloomberg)

Boeing Latest: China’s Aviation Regulator Asked to Join FAA Safety Review of Boeing 737 Max (South China Morning Post)

Tech Today: U.S. Senators Target Ways Tech Tricks Us Through ‘Dark Patterns’ (Axios AM – Item 2)

Gun Safety Today: Everytown for Gun Safety to Spend $200K to Fight Florida Bill Arming Teachers (Miami Herald)

Climate Economy: Cheap Renewables Shave $10 Trillion Off Cost to Curb Warming (Bloomberg)
The International Renewable Energy Agency revised down its estimates for global investments in clean energy needed by 2050 to meet targets under the Paris Agreement on climate change – down to $115 trillion from $125 trillion a year ago, reflecting lower costs to build wind and solar farms.

Brackets Today: Famed Short Seller Wins Bloomberg NCAA Tournament Bracket Challenge – Picked Virginia (Bloomberg)

Weather Alert: Huge Spring Storm May Dump 2 Feet of Snow on Upper U.S. Midwest (Bloomberg)
Storm’s power will raise threat of wildfires across Southwest, while New York, East Coast remain mild as system hits Dakotas.


Best of late night.

“McDonald’s will no longer serve Filet-O-Fish sandwiches after midnight. But if you’re someone who’s eating Filet-O-Fish at McDonald’s after midnight, this might be a good time to re-evaluate your life choices.”
— Jimmy Fallon

On Trump’s departing Director of Homeland Security Kirstjen Nielsen, who became the public face of the administration’s controversial family-separation policy on the U.S. – Mexico border:

“Goodbye, Kirstjen. Whoever replaces you permanently is going to have some very big cages to fill.”
— Jimmy Kimmel

“Nielsen said that this was the right time to step down and she looks forward to spending more time separating her family.”
— Jimmy Fallon

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

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