After falsely blaming others for his policy of separating immigrant children from their parents, a practice that triggered a political firestorm and swift international condemnation, U.S. President Donald Trump retreated. His wife and daughter urged him to do so, he said. —David E. Rovella Here are today's top storiesTrump still plans to prosecute immigrant parents and jail entire families on military bases. He also asked the Pentagon to build new prisons. The policy may be illegal under federal law. The biggest U.S. shale patch will have to shut some of its wells within four months. It's not that there isn't any oil left—there just aren’t enough pipelines to get it to customers. Disney is close to winning antitrust approval of its $71 billion purchase of 21st Century Fox’s entertainment assets, potentially knocking out rival suitor Comcast. Why are gunmakers more interested in selling semi-automatic rifles, the kind regularly used in mass-shootings, than handguns? Because they make more money. Star medical journalist and surgeon Atul Gawande was named head of a new health venture for Amazon, JPMorgan and Warren Buffett's Berkshire Hathaway. Trade war with Canada. Trade war with China. Now trade war with Europe, as the European Union slates its retaliation against Trump's metal-import tariffs to begin June 22. What's Joe Weisenthal thinking? The Bloomberg news director is mulling tension among experts about whether the jobless rate is well below what constitutes "full employment," and thus whether monetary tightening is needed to prevent inflation—or if the conventional wisdom is off. What you'll need to know tomorrowSaudi Arabia is building an island: it's called Qatar.There's an army of ghost workers in the Persian Gulf.China just handed the planet a 111-million-ton garbage problem.Is a quiet Steve Mnuchin an unhappy Steve Mnuchin?Americans still have nothing in the bank, despite a booming economy.Starbucks is switching to decaf when it comes to saturated markets.This is the very best restaurant in the whole wide world. Again.What you'll want to read tonightThe GMT-Master II, which arrived this year at the Baselworld watch expo in Switzerland, is a new version of a colorful timepiece the company rolled out in 1959. This model is stainless steel, a tougher metal suited to rugged travel and retails for what Rolex considers affordable: $9,250. 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. 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. Download the Bloomberg app: It's available for iOS and Android. | 