Wall Street bets on blue

12 days ago


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They've always played both sides when it comes to throwing money at politicians. After all, there's no better way to win. Still, it looks like financial professionals are placing their bets on a Democratic triumph Nov. 6. And despite a reputation for leaning a bit to the right, some denizens of planet money don't seem to mind a potentially big blue wave. —David E. Rovella

Here are today's top stories

Not since LBJ has so much fuel been poured on a growing economy. Yet voters remain unhappy and investors unfazed by President Donald Trump's tax cuts. We are in uncharted territory

A former senior Goldman Sachs banker pleaded guilty to U.S. charges tied to the bank's lucrative fundraising for Malaysian wealth fund 1MDB.

The alleged Saudi killing of Washington Post columnist Jamal Khashoggi is coming with an ever-higher price for the kingdom and its young leader. His ambitious reform program is running into trouble, too.

Steve King, the white nationalist-embracing Republican congressman from Iowa, is losing friends and donors. But he says Ted Cruz likes him.

Russia botched a mission to the space station in October with a rocket malfunction that sent U.S. and Russian astronauts floating back to Earth. Now, it's trying again.

A 97-year old serial entrepreneur and golf course developer has realized his dream and started a Southern California airline. Now the hard part.

What's Joe Weisenthal thinking about? The Bloomberg news director is thinking about pot again—and Jeff Sessions. With Republican whispers of how the attorney general will depart after the midterms, Joe notes that his farewell may remove a key obstacle for the U.S. cannabis market.

What you'll need to know tomorrow

U.S. stocks rose on positive earnings news.The doomed Lion Air flight's black box has been found.The U.S. says China stole secrets from Micron Technology.How two Stanford pals made almost $1.69 billion with Juul.Many Americans don't want a raise when they can have perks.These U.S. cities are losing the most brain power.Bloomberg Businessweek knows who loses if China wins on trade.

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What you'll want to read tonight

Sorry, Caribbean: Zika Isn't Going Anywhere

Caribbean islands battered by hurricanes and the Zika virus thought a WHO report would mollify wary travelers when it came to the bug-borne illness. Instead, the agency simply discarded its classification system, a move that signified the virus had shifted from epidemic to long-term management mode. It's still a serious problem.

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.

Global leaders will gather in Singapore for Bloomberg's inaugural New Economy Forum on Nov. 6-7. The event aims to solve the world's biggest challenges through coalition building, analysis and expert perspective. Follow the event on Twitter, Facebook and LinkedIn.

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