Global warming is making it easier for energy companies to ship fossil fuels by de-icing the Arctic, but it has some deleterious effects, too. One is rising seas, which may eventually turn this U.S. city partially uninhabitable via widespread flooding. Before that happens, however, the invading ocean might first contaminate the drinking water of its 453,000 residents. —David E. Rovella

Here are today's top stories

America's fossil fuel renaissance has its own toxic water problem. All that fracking makes a lot of it, and the question of where to put it is a big problem for the industry. 

U.S. stocks took the stairs during their six-month recovery from February’s correction, but signs are accumulating that investors now expect to ride the elevator to greater heights.

White House Counsel Donald McGahn, who has clashed repeatedly with President Donald Trump and submitted to extensive interviews by investigators for Special Counsel Robert Mueller, is going to resign. His departure adds to a record exodus for any modern U.S. administration.

The post-World War II relationship between America and Western Europe is breaking. Germany and France called on the EU to establish greater autonomy from the U.S. The reason? Trump.

The new trade deal with Mexico formerly known as Nafta is causing problems for Justin Trudeau. Some of his domestic opponents are throwing stones about Canada potentially being left out.

Sorry, this mile-high club is a gym. Aircraft makers convinced Qantas that a 20-hour Sydney to London route is viable, and are mulling new jets with workout facilities to make it tolerable for you.

What's Joe Weisenthal thinking about? The Bloomberg news director is dismissing all those grumblers who think the expansion is about to end. Cheer up, says Joe: Even without the gifts associated with the Republican tax overhaul, corporate America would still be flush.

What you'll need to know tomorrow

• China's Silicon Valley and its bridge to everywhere threatens to swallow up Hong Kong.
• Meanwhile, China Railway Group was awarded a $110 million dollar project in Uganda.
• The Brexit calamity continues, as Britain and the EU agree to push back a key deadline.
• An ex-Goldman Sachs analyst allegedly tipped off an NFL player in exchange for tickets.
• There's not much Trump or Congress can do except complain when it comes to Google.
• For Amazon, it's been all double faults as viewers slam its novel U.S. Open coverage. 
• These are the best places to eat on a leisurely drive along California's Highway 1.

What you'll want to read tonight

Miami May Eventually Drown, But Its Water Might Vanish First

Miami is built on the Biscayne Aquifer, 4,000 square miles of porous limestone. The city relies on rivers and tiny air pockets to fill with rainwater, feeding a giant, fragile machine. But the machine may soon break. While the Atlantic Ocean is expected to partially flood Miami by 2100, Bloomberg Businessweek reports a lack of potable water may present an existential crisis long before that.
 

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