Turkey is edging ever closer to a full-blown financial meltdown. U.S. President Donald Trump said he authorized the doubling of some metal tariffs on the country Friday amid escalating tensions over the detention of an American pastor. The Turkish lira plunged as much as 16.9 percent, reaching yet another record low. Even the euro got caught in the crossfire. Keep up with the latest developments here. —Josh Petri

Here are today's top stories

The White House touted a "new generation of jam-resistant GPS" satellites as part of its announcement of the Space Force on Thursday. One problem: the satellites have been delayed.

Here is how the companies Bloomberg is following through the Brexit process describe the divorce: “omnishambles,” “farcical” and “a joke.” And that includes the company whose chief favors leaving the E.U.

Behind-the-scenes squabbling over Uber's New York defeat reflects the lingering tensions and strategic differences between Travis Kalanick's and Dara Khosrowshahi's versions of the company.

Every time a card is charged, money moves from consumer to merchant, costing retailers almost $90 billion in fees each year. Competition for those fees is fierce and getting fiercer. 

For the second time in two days, prosecutors asked the judge overseeing the trial of Paul Manafort to take back a critical remark directed at them in front of the jury. 

Tesla CEO Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders.

What's Luke Kawa thinking about? The Bloomberg markets reporter is considering Musk's possible motives for taking Tesla private (or at least threatening to do so). We may never know the answer, but if the goal was burying the short sellers, it hasn't quite worked out.

What you'll need to know tomorrow

• Nike was sued for sexual discrimination by former female employees.
• Elon Musk sent David Einhorn a box of short shorts.
• Women who want to manage money seem to have better luck in jobs away from Wall Street.
• In Saudi Arabia, it's open season on everything Canadian.
• The U.K.'s richest man has billions of reasons to move to Monaco. Plus, the beach.
• The NFL is back. So are Trump's criticisms of its players' protests.
• Omarosa has a new book. The White House says it's "riddled with lies." 

What you'll want to read tonight

New Zealand Gave a $330,000 Grant to Build a Human Catapult

In Queenstown, the stakes have been raised in the adrenaline experience market. There’s now a “catapult” that launches participants almost 500 feet into the air at a speed of up to 60 miles per hour.

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