Slow-motion apocalypse

1 month ago


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Brick-and-mortar stores die. Malls become ghost towns. Icons like Sears are laid low. "Retail apocalypse" is glib shorthand for a radical shift in consumer behavior, but reality tends to be more complex. Checkout, Bloomberg's new, one-stop shop on the future of consumerism, provides a global, nuanced and real-time window on the ultimate business force. It begins with Amazon's battle for India's 1.3 billion consumers, China's role as a retail laboratory, Prada's attempt at a comeback and how one chain in America's heartland is keeping e-commerce at bay. —David E. Rovella

Here are today's top stories

A St. Petersburg woman by the name of Elena Alekseevna Khusyaynova was charged with conspiracy as part of Russia's interference with the 2016 U.S. elections, and attempts to interfere with next month's midterms.

The Pentagon is reviewing a Navy proposal to buy the third and fourth ships in the Gerald R. Ford aircraft carrier program. They're supposed to be less than $12 billion each, but cost overruns have Congress worried.

President Donald Trump’s Chief of Staff John Kelly and National Security Adviser John Bolton got into a shouting match outside the Oval Office about the administration's immigration policy.

China's leaders find themselves under pressure on multiple fronts, from stock-market turbulence to a sharper-than-expected economic slowdown to Trump's trade war.

U.K. Prime Minister Theresa May is ready to cave on EU Brexit demands tied to the Irish border, a move that could put her job at risk.

Sales of previously owned U.S. homes slowed to the weakest pace in almost three years, a sign of rising prices and mortgage costs.

What's Luke Kawa thinking about? The Bloomberg cross asset reporter is seeing daylight between a gung-ho Fed and investors who are bearish on global growth, and thus may not believe interest rates will go up as quickly as some predict.

What you'll need to know tomorrow

The U.S. trade war on China may be very bad news for Boeing.Biohackers are implanting everything from magnets to sex toys.Pimco is getting ready for the next downturn.This CEO is decidedly unhappy with Goldman Sachs.How to lose $585 million in a divorce case spanning two countries.The latest real estate business? Storing rich people's cars.Come marvel at Bloomberg's week in pictures.

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What you'll want to read tonight

Where to Ski and Be Seen Come Winter Time

Sure, you could head straight for the bars, but wouldn't those beers taste better after a hike through some ice tunnels? Night-skiing in St. Moritz. Sledding in Chamonix. Heli-skiing in Iceland. Bloomberg Businessweek has the ultimate luxury venues for snow-bound fun.

Have you started strategizing for 2019? We have. Don’t miss the annual Bloomberg Businessweek special report, The Year Ahead, on the major trends, disruptions, breakthrough products, innovations and movements to watch in the coming year. Get Bloomberg All Access in time to receive this issue in print and much more.

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