Wednesday, January 24

ByKevin Sheekey

Most read on the Bloomberg Terminal: The dollar has slipped to the lowest level in three years. Dollar Woes Deepen as Stocks Edge Up (Bloomberg)

Bloomberg was first with headlines from Davos that U.S. Treasury Secretary Steven Mnuchin endorsed the dollar’s decline.
Trump Team at Davos Backs Weaker Dollar, Sharpens Trade War Talk (Bloomberg)

But don’t be stupid: There’s a reason former U.S. Treasury Secretary Robert Rubin repeatedly said “a strong dollar is in the interest of the United States.” It’s the world’s reserve currency. Stay tuned….

In the space of a few hours on Tuesday, what had been increasingly obvious became all but official: The U.S. is no longer leading the world economy. Abandoned by the U.S., the 11 countries in the Trans-Pacific Partnership trade pact are going ahead anyway. Thanks to Trump, Meet the New Leaders on Global Trade (Bloomberg View)

Bloomberg’s Gender-Equality Index now includes more than 100 companies from ten sectors. The index helps clients identify companies that are leaders in the gender-equality space as investor demand for ESG data continues to grow. On the Terminal at {BGEI Index <GO>}. Bloomberg Launches Gender Equality Index (Investor Daily)

All the President’s Men, #MeToo Version: The Financial Times last week sent two reporters undercover to work as hostesses at a secretive black-tie charity dinner in London for men only, and found they were subjected to groping and sexual harassment. Men Only: Inside the charity fundraiser where women are put on show (Financial Times)

The story prompted this: MP calls for tougher laws after women ‘groped’ at men-only charity gala (Guardian)

Parlez-vous français? France is to offer language lessons to London-based bankers and their families in its latest ploy to lure business from the UK capital to Paris after Brexit. France to lure London bankers and their families with offer of French lessons before they leave the UK (Telegraph – subscription)

Best of Late Night:

“Today a White House adviser compared President Trump to Houdini because, quote, ‘If you keep him in a cage, he’s going to get out.’ When asked how he knows that, he said, ‘Because we put him in a cage. And he got out.’ ” — Jimmy Fallon

“The Taj Mahal is currently undergoing its first cleaning since its construction in the 1600s. ‘Maybe we should do that,’ said New York.” — Seth Meyers

“Rum maker Bacardi announced yesterday that it’s acquiring Patron Spirits for $5.1 billion. And like most Bacardi announcements, it was shouted at 5 a.m. in the back seat of an Uber.” — Seth Meyers

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