Wednesday, January 17

ByKevin Sheekey

Most Read on the Bloomberg Terminal (Last 8 Hours):
Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles (Bloomberg)


Earnings update: Outside of trading, Goldman’s Q4 revenue rose, led by a 61 percent annual jump in the investing and lending unit, while Q4 revenue from fixed-income trading fell 50 percent. Goldman Sachs Finishes Tough Year with New Low in Debt Trading (Bloomberg)


Olympic Peace: Negotiators from North and South Korea have talked about the potential for a joint cultural event at a North Korea resort and the use of a ski resort on North Korea’s east coast, according to a statement by South Korea’s Unification Ministry. Also: The North said it plans to send a 230-member cheering squad, and offered to the use a land route for the delegation that will also include athletes, officials, musicians and reporters. Two Koreas Mull Possible Use of North Korea Resort in Olympics (Bloomberg)


Flattery will get you everywhere: ‘Fire and Fury’ author Michael Wolff pitched his book to the White House as “The Great Transition: The First 100 Days of the Trump Administration.” How Michael Wolff Got into the White House for His Tell-All Book (Bloomberg)


How’s your mind? President Trump’s White House physician yesterday said the president received a perfect score on a cognitive test. Take it yourself: Montreal Cognitive Assessment


Tech Burst: There isn’t a clear anti-trust case for going after big tech – at least for now. That may not be true in the future “if market dominance means fewer competitors and less innovation.” The Antitrust Case Against Facebook, Google and Amazon (Wall Street Journal – subscription)


A New Day in Baltimore: Baltimore’s Mayor Catherine Pugh says the city can write a new narrative and highlights an innovative partnership with Bloomberg Philanthropies to improve policing and update technology. Baltimore Can Do Better. Here’s How. (Washington Post)

Quiz of the Day:

Who sold A-Rod a Bloomberg terminal?

@AROD: .@BarstoolBigCat I just told the team the news. I expect you to be back at the CORP next Monday #BigCatSuspended


Best of Late Night:

“O.K., with the president being 6’3”, 239, according to the body mass index by the federal Health and Human Services Department, Trump is overweight and just one pound shy of obesity. One pound short of being obese! That’s awfully convenient. ‘Listen, doc, I don’t want to be obese. But I feel like this wad of cash is about one pound. Why don’t you take that off my hands and weigh me again?”
— Stephen Colbert

“President Trump’s doctor predicted that the president will have and live a long life. As a result, the doctor’s now treating Melania Trump for depression.”
​– Conan O’Brien