U.S. Supreme Court nominee Brett Kavanaugh denied allegations by a California professor that he sexually assaulted her when they were in high school. Both said they are willing to testify about the matter before the Senate Judiciary Committee. The confirmation battle isn't over yet. —Josh Petri Here are today's top storiesCoca-Cola may jump into the cannabis drinks business. The beverage behemoth is interested in drinks infused with CBD, which treats pain but doesn't get you high. China promised to reject any trade talks if President Donald Trump moves ahead with new tariffs, throwing into doubt the prospect of a deal. At least some Apple products might be spared. Saudi Arabia’s sovereign wealth fund signed an agreement to invest $1 billion in aspiring U.S. electric-car maker Lucid Motors. Tesla shares fell. Tesla has "gone from production hell to delivery logistics hell," Elon Musk said. In related news, the British diver who helped with a Thai cave rescue sued the billionaire after becoming the target of his ire. Even the best autonomous vehicles struggle with bad weather. The ultimate hurdle to the next phase of this technology might be fog and rain, Bloomberg Businessweek reports. The average Wall Street salary is now $422,500. That's the highest it's been since the collapse of Lehman Brothers exactly 10 years ago, in case you were wondering. What's Joe Weisenthal thinking about? The Bloomberg news director thinks it's about time for an Alan Greenspan revival. We're in a strange situation where mainstream academic economists are talking about the need to raise rates, while a random crew of left-wing economists (and a few others) are citing Greenspan as the model policymaker. What you'll need to know tomorrowWorkers in rich countries are getting their biggest pay bump in a decade.The emir of Qatar gave Turkey's Erdogan a jet worth half a billion dollars.Venezuelans are living in a perpetual state of "adios."Record-setting floods are making it difficult to assess Florence's damage.Why is this supersafe bank scaring the Fed?The lawyer who took on Uber is suing IBM for age discrimination.Education Secretary Betsy DeVos told students "we have abandoned truth." Sponsored Content by Divvy Crumpled receipts, late nights, lots of staples. Sound familiar? Divvy is the answer to your expense management prayer, completely eliminating expense reports for good! More powerful than any other solution, Divvy is 100% free and offers decision makers $100 just to take a demo. Get your $100 now. What you'll want to read tonightAs a plane approaches, it’s identified and monitored by an array of cameras. At the gate, a laser-guided aerobridge positions itself to let you disembark while automated vehicles unload bags. Head to an unmanned immigration turnstile for face-scan and thumb-print. Eventually, you'll line up for a driverless taxi. This isn't some picture of the future. In one Asia airport, it's right now. Did you know? You can benefit from more than just unlimited content on Bloomberg.com when you become an All Access subscriber. Attend Bloomberg Live events, get two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close, and so much more. See my options. The global economy is at an inflection point. Sign up for the Turning Points newsletter to be one of the first to receive weekly insights—and solutions—on climate, tech and trade from Andrew Browne and leading experts. Download the Bloomberg app: It's available for iOS and Android. |