A day after a former CIA director said taking Vladimir Putin at his word was "nothing short of treasonous," U.S. President Donald Trump sought to cool the latest political firestorm by saying he misspoke, and that he does accept his administration's conclusion that Russia interfered with the 2016 election. But then Trump added maybe it was someone else. —David E. Rovella

Here are today's top stories

Federal Reserve Chairman Jerome Powell told Congress trade wars are bad for economic growth and bad for wage growth.

Time to release the tax returns? Bloomberg Opinion writer Timothy L. O'Brien says Trump's performance at the Helsinki summit provides another reason for the president to come clean.

Recession may be on the horizon if you subscribe to conventional wisdom about the yield curve, since it may be on a one-way trip to inversion.

Goldman Sachs stock dipped after analysts spotted flaws in its earnings. Worse for the firm's bankers, it looks like there's less bonus money coming their way.

Remember the U.S. infrastructure boom? While billions of dollars were raised to fix America's failing roads, rails and runways, little of that cash has actually been spent. So where is it?

Portions of Google’s cloud-computing service went down Tuesday, leading to the temporary failure of popular applications such as Snapchat and Spotify. 

What's Tracy Alloway thinking about? The Bloomberg executive editor is wondering what the predictive power of a flattening yield curve is. Stay tuned, because we may soon find out.

What you'll need to know tomorrow

• Papa John's founder now regrets resigning as chairman after making racist comments.
• British Prime Minister Theresa May is paying a high price for her fight over Brexit.
• Check out the Bloomberg's Tariff Impact Tracker to see who is really getting hurt.
• This is the one commodity that may benefit from Trump's global trade war.
• We'll bet you $800 million that this is what a self-driving car will look like.
• How Tesla stacks up against America's most productive carmakers.
• Special Counsel Robert Mueller is getting ready for trial.

What you'll want to read tonight

The Stunning Secret Rooms Hotels Don’t Tell You About

They're decadent and spacious. Filled with luxurious touches, they come with outrageously expensive amenities. And most of all, they provide stunning views. But you may never be able to afford these hotel rooms.

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.

How climate science and the future of energy reshape our world: Sign up for Bloomberg's weekly Climate Changed newsletter to get the best of our coverage about climate science and the future of energy, straight to your inbox.

Download the Bloomberg app: It's available for iOS and Android.