Wednesday, March 27

ByKevin Sheekey

Bloomberg Maintains Market Share Lead as Global Spending on Financial Market Data, Analysis and News Reaches New Record (Talking Biz News)

Total global spending on financial market data, analysis and news rose 7 percent to a record $30.5 billion in 2018, according to a new report by business consulting firm Burton-Taylor International.

It’s the first time that such spending has passed the $30 billion mark, and the growth was the fastest since 2008. Bloomberg LP maintained its No. 1 position in the industry, with 32.5 percent market share. Read Burton-Taylor’s press release here.

Brexit Latest:
-Theresa May’s Deal Gains Support – But Price Might Be Her Job (Bloomberg)
-A Guide to the 16 Brexit Options British MPs Could Vote On Today (Bloomberg)
-How a `Customs Union’ Could Define Post-Brexit Trade (Bloomberg QuickTake)
Programming note: Parliament begins voting after 7pm London time. Follow live on Bloomberg.com and on Bloomberg TV.

Hot on the Bloomberg:
Why U.S. Bond Yields Plunged So Much Over the Past Week
(Bloomberg)

About Those Pre-Existing Conditions: Trump Administration’s Move to Gut Obamacare Raises Risks for 2020 (Bloomberg)

Today in Aviation: How Boeing and the FAA Plan to Restore Public’s Faith in 737 Max (Bloomberg)
WATCH: Southwest Airlines has started storing all of its Boeing 737 Max aircraft in the California desert amid the crisis. (TicToc by Bloomberg)

Why is Joe Biden all over Tinder? How the Former VP became the Internet’s Favorite Wingman (Washington Post)

Gun Safety Today:
-Bump Stock Ban Takes Effect as Opponents Await Word from Supreme Court
(Washington Post)
-Gun-control Groups Turn Focus Toward Preventing Suicide, Handgun Violence (Washington Post)
Nearly half of the nation’s 47,000 suicides in 2017 involved a firearm, according to the American Foundation for Suicide Prevention. Nearly two-thirds of gun deaths in 2017 were suicides, according to the Centers for Disease Control and Prevention.

Climate of Hope: Xcel Energy was a Coal-First Power Company. Now it’s Going Carbon-Free (CNN)
The $30 billion Minneapolis-based utility has already shut down a quarter of its coal power plants. And it will soon pull the plug on another quarter. Xcel Energy recently announced an ambitious plan to deliver zero-carbon electricity by 2050, making it the first large American power company to set that challenging goal.

The Fed Takes On Climate Change (Axios)
Read the San Francisco Fed’s letter here.

UNCF Raises More Than $500,000 for HBCUs and Deserving Students at New York “A Mind Is…” Gala (Business Insider)
UNCF leader Dr. Michael Lomax honored the leadership of Mike Bloomberg, Dr. Una Clark and Delta Air Lines for their support. Mike Bloomberg tweeted that UNCF “is making a big difference for so many young people – and for our country.”

Metro Section: Manhattan Drivers Near New Era That May Include $11.52 in Tolls (Bloomberg)

In Memorium: Mike Greco, Salami King of Bronx’s Little Italy, Dies at 89 (New York Times)
Celebrity customers abounded. Mayor Michael R. Bloomberg, when hosting friends at Yankee games, would often order a Yankee Stadium Big Boy sandwich, a Mike’s Deli specialty (a daunting medley of prosciutto, salami, sopressata, cappicola, mortadella, mozzarella, roasted peppers and lettuce on a ciabatta or hero loaf).

Book Excerpt from The Matriarch: Did Barbara Bush Still Consider Herself a Republican? ‘I’d probably say no today’ (USA Today)
After Trump was elected, a friend in Kennebunkport gave her a Trump countdown clock as a joke. The red, white, and blue digital clock displayed how many days, hours, minutes and seconds remained in Trump’s term. It sat on her bedside table, where she could see it every day. It was there to the day she died.


Headlines from around the world.


Best of late night.

On news that Chicago prosecutors dropped all charges against ‘Empire’ actor Jussie Smollett:

“This morning, we learned that, for some reason, charges have been dropped against ‘Empire’ actor Jussie Smollett. Man, Bill Barr has been busy.”
— Stephen Colbert

“Smollett isn’t being charged with a crime, but he hasn’t been officially ‘exonerated.’ So if nothing else, he is now qualified to be president of the United States.”
— James Corden

“No word yet on whether Smollett will be invited to return to his role on ‘Empire.’ But it is very impressive that one person might be too much drama for the show ‘Empire.’”
— James Corden

“Smollett claims that he was attacked in the middle of the night after leaving a Subway sandwich shop. Now, seeing as the charges have been dropped, we can get back to the real issue here, which is, who eats a Subway at 2 AM? I don’t even trust that tuna at 2 PM, come on!”
— James Corden

For more Best of Late Night from the New York Times, click here.