Tuesday, November 12

ByKevin Sheekey

CBS News Bulletin: Mike Bloomberg is in Arkansas today filing paperwork to appear on the ballot for the state’s March 3 Democratic primary, an aide tells CBS News.

Here’s what I’m reading today:

Why a President Bloomberg May Be Better for the Stock Market than Trump (Yahoo Finance!)
“I think he would be better for the markets because he would represent more fiscal responsibility,” said Brown Brothers Harriman Chief investment strategist Scott Clemons.

A President Bloomberg may be viewed as a deficit hawk, a good thing amidst a hypothetical recession. Another four years of Trump could see the deficit grow even bigger, putting an array of assets at risk for downside.

The Conversation: Let’s Talk About Bloomberg (New York Times)
In a conversation between New York Times columnists Gail Collins and Bret Stephens, the two discussed the possibility of Bloomberg running for president.

Stephens, who wrote “Run, Mike, Run” on Friday, said: “The poll that we published last week — the one showing Trump competitive with, or beating, Joe Biden, Elizabeth Warren and Bernie Sanders in six battleground states — surely had a lot to do with Bloomberg’s move.”

He adds: “Bloomberg’s appeal to Democrats must be along the lines that he’s a uniter in an age of division; that he made his fortune honestly, ran his business ethically and has given billions back; that he’s ready to be president on Day 1; that he will restore sanity and sobriety to our politics; and, above all, that he is the only moderate in the race with a sure shot at the election.”

“I know primary voters like to go with their hearts, but 2020 is a year Democrats really need to vote with their heads. The stakes are just too high,” Stephens said.

Today in Washington.

Against the Data: US Environmental Protection Agency to Limit Science Used to Write Public Health Rules (New York Times)
The Trump administration is preparing to significantly limit the scientific and medical research that the government can use to determine public health regulations, overriding protests from scientists and physicians who say the new rule would undermine the scientific underpinnings of government policy-making.

Republicans Shrug Off Growing Evidence, Stand with Trump Against Impeachment (Washington Post)

Supreme Court to Hear Arguments on Fate of ‘Dreamers’ (New York Times)
The justices are considering whether the Trump administration can shut down a program that shields about 700,000 young immigrants from deportation.

Today in Trade and Finance.

More Americans Say They’re Feeling the Cost of Tariffs (Axios)
Tariffs imposed on Chinese goods have largely avoided items purchased directly by consumers so far, but as the trade war has dragged on, more firms are having to pass costs on to customers.

Record Profits Are Still in Sight for Big Banks Despite Rate Cuts (Bloomberg)

Angela Merkel Opens Door to Deputy’s Plan for Europe’s Banking Union (Bloomberg)

Bloomberg Insider.

Bringing Transparency to the Continent: Bloomberg Africa Media Forum Expands Financial Journalism Training Program to Senegal (Bloomberg Press Release)
The aim of the program, first launched in 2014, is to help bring transparency to markets by developing the journalism and media sector of the Senegalese economy. The program also operates in Zambia, Ghana, Kenya and South Africa.

Why Diversity & Inclusion is Important: Watch this video featuring Bloomberg’s head of Diversity & Inclusion Pamela Hutchinson and company founder Mike Bloomberg as they share why diversity and inclusion is a business imperative at Bloomberg LP.

Today in Health: Bloomberg American Health Summit Opens in Baltimore Today: The summit will bring together advocates, experts, and policymakers from across the country to address challenges to health in five focus areas: Addiction & Overdose, Adolescent Health, Environmental Challenges, Obesity and the Food System, and Violence. Speakers include Bloomberg Philanthropies’ Dr. Kelly Henning and Allison Jaffin, Carl Pope, Commissioner of the Massachusetts Department of Health, Dr. Monica Bharel, Chief Medical Executive of the Michigan Department of Health and Human Services Dr. Joneigh Khaldun and more.

Today in Climate.

Study: Most Destructive Hurricanes Are Hitting US Three Times More Often (Associated Press)

The Climate Chain Reaction that Threatens the Heart of the Pacific (Washington Post)
The salmon catch is collapsing off Japan’s northern coast, plummeting by about 70 percent in the past 15 years. The disappearance of the fish coincides with another striking development: the loss of a unique blanket of sea ice that dips far below the Arctic to reach this shore.

Bushfires Spread to Sydney as Emergency Crews Save Homes (Bloomberg)

NASA Launches New Electric Airplane That Could Help Zero-Carbon Air Travel Take Off (Vox)
Engineers are trying to come up with ways to decarbonize air travel, and electrification is a promising prospect.

Best of late night.

On U.S. Veterans day:

“Thank you all for the sacrifices you’ve made fighting overseas, while we’re at home, fighting over chicken sandwiches.”
— Jimmy Fallon

“Lots of businesses were closed for Veterans day. The banks were closed, the post office was closed. Sears was closed, but that had nothing to do with Veterans day.”
— Jimmy Fallon

“According to a new book, Queen Elizabeth’s stylist uses gin to clean her jewelry, while Boris Johnson uses it to clean his entire body.”
— Seth Meyers

“Instagram has announced that likes will be disappearing from user accounts as early as this week. Yeah, likes are gone. Don’t worry though! Twitter will still be there to destroy your sense of self-worth.”
— James Corden

And finally:

WATCH Trevor Noah from The Daily Show discuss the possibility of Mike Bloomberg joining the 2020 race, saying “You know you’re rich when the Amazon guy orders something from you.” Watch here.

By submitting my information, I agree to the privacy policy and to learn more about products and services from Bloomberg.