There's a tradition that U.S. presidents don't interfere with the business of the Federal Reserve. Well, Donald Trump had no such compunction Thursday when he shattered yet another taboo by criticizing rate hikes. Now some worry the Fed's future moves will be viewed through a political prism. —David E. Rovella Here are today's top storiesStocks fell and the dollar was whipsawed as Wall Street didn't quite know what to think about Trump's intrusion into the Fed's patch. America's growing trade war and the resurgent dollar are beginning to affect the global supply chain as commodities approach correction territory. The contagion is beginning to spread. A small and stealthy group of engineers inside Google has been working for more than two years on software that they hope will eventually replace Android. They call the project Fuchsia. While details of Trump's controversial summit with Vladimir Putin have been scarce, the Russian president is spreading news of alleged deals struck regarding his military incursion in Ukraine. It's possible more light will be shed on the summit's topics when Putin comes to Washington. Despite Russian interference in the 2016 U.S. election, Trump invited him to visit. Trump's unprecedented offer to allow Russians to observe the interrogation of a former U.S. ambassador was too much for the Republican-controlled Senate, which condemned the idea. What's Joe Weisenthal thinking about? The Bloomberg news director notes that gold is at its lowest level in more than a year. But what's even worse is that bullion has become boring. What you'll need to know tomorrowWhat you'll want to read tonightBuying rare wines is like investing in a startup: You need 10 years of runway to see significant returns. But unlike a startup, wine is getting a lot more lucrative these days. Like Bloomberg's Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. Never miss an update: Introducing @tictoc, the first and only global news network built for Twitter. You’ll find 24/7 coverage by 2,700 Bloomberg journalists and analysts, reporting from 120 countries. Download the Bloomberg app: It's available for iOS and Android. |