There’s a big week ahead for central bank watchers. The Federal Reserve, Bank of England and Bank of Japan are all set to meet, and the European Central Bank gathers for a forum in Sintra, Portugal. Investors are eager to figure out when and where the next interest rate cuts will be. Data from Morgan Stanley showed U.S. business conditions deteriorating this month by the most on record, reaching their lowest point since 2008, adding to recent signs that the U.S. economy is slowing. What you’ll want to read this weekend U.S. President Donald Trump alleged that Iran was responsible for attacks on oil tankers near the Persian Gulf and vowed the Strait of Hormuz won’t be closed. Iran vehemently denied any role in the incident. Wall Street dads are still finding it hard to take parental leave. Forget electric vehicles: The man considered China’s father of the electric car says hydrogen is the future. Manhattan’s newest flagship department stores are ignoring the retail apocalypse. “Salvatore Mundi,” the Leonardo da Vinci painting of questioned provenance that sold for $450 million, has been located. It’s on the yacht of Saudi Crown Prince Mohammed Bin Salman, according to Artnet. What you’ll need to know next week What you’ll want to read in Bloomberg Politics Can they trust him? That’s the question Britain’s Conservatives face as they consider whether they really want Boris Johnson to become their next prime minister. Johnson has what looks like an insurmountable lead in the race to follow May, even though there’s plenty of evidence Tories shouldn’t have faith in what he says. Like Bloomberg’s Weekend Reading? Subscribe to Bloomberg.com. You’ll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer. Need something to binge-listen to this weekend? Check out the new podcast from Wondery and Bloomberg. “The Shrink Next Door” is a story from Joe Nocera about power, control and spending three decades seeking help from someone who pretty much turns out to be the wrong person. Listen on Wondery, Apple Podcasts, or wherever you get your podcasts. Download the Bloomberg app: It’s available for iOS and Android. |