Bloomberg - Evening Briefing - Twitter boycott threat

Stocks finished slightly lower Tuesday as data showing a still-solid US labor market yet again bolstered speculation the Federal Reserve will continue its aggressive course beyond this week’s expected rate increase. In an upside-down world where good news is bad, the S&P 500 wiped out a rally as the new figures highlighted an unexpected rebound in job openings. “Hopes for a Fed dovish pivot are misplaced,” said Ronald Temple, head of US equity at Lazard Asset Management. “The Fed is far from the point where it can declare victory over inflation and lift its foot off the economic brake.” —David E. Rovella

Twitter’s top advertisers are being urged by dozens of advocacy groups to boycott the platform if its new owner lowers safety standards for content. The groups pressed Apple, Best Buy, Coca-Cola, Verizon and others to promise to stop advertising on Twitter if Elon Musk allows hate speech, misinformation and conspiracy theories to flourish on the platform. 

Some lucky Americans are earning a higher interest rate on their high-yield savings accounts than they’re paying on their mortgage. It’s an odd byproduct of the Fed’s war on inflation. The central bank has rapidly hiked interest rates, which has sent mortgage costs surging and slowed the housing market, but also boosted the yields banks are willing to pay savers.

Brazil’s Jair Bolsonaro, defeated Sunday by Luiz Inacio Lula da Silva in a presidential runoff, finally appeared in public Tuesday. He vowed to respect the constitution—but stopped short of formally conceding.

Jair Bolsonaro, Brazil's president, speaks during a press conference in Brasilia Tuesday. Photographer: Arthur Menescal/Bloomberg

Some US student loan borrowers are starting to receive refund checks from the government, even as President Joe Biden’s forgiveness plan is tied up in court.

The US is a week away from midterm elections which will decide governors’ races in 36 states and whether Democrats keep control of both houses of Congress. But with Republican candidates promoting falsehoods about the 2020 election and promising further restrictions on voting based on false claims of fraud, this election may also determine whether the 2024 presidential election can be stolen.

Jurors in the Trump Organization’s criminal tax fraud trial were shown a lease to an apartment for longtime chief financial officer Allen Weisselberg—signed by Donald Trump himself. The exhibit came as prosecutors questioned the firm’s controller, Jeffrey McConney, about perks they allege were given to senior employees to fatten their pay while hiding their tax obligations.

Chief Justice John Roberts temporarily blocked a House committee from getting Trump’s tax returns, giving the Supreme Court more time to consider the ex-president’s bid for a lengthier delay of the more than three-year-old case. The committee is racing the clock to obtain the records, given next week’s midterm election and the possibility that Republicans could take control of the House.

Donald Trump, left, and John Roberts in 2019 Photographer: Michael Reynolds/EPA

Bloomberg continues to track the global coronavirus pandemic. Click here for daily updates.

• Russia’s botched invasion of Ukraine is becoming a “war of drones.”
• Man who allegedly targeted House Speaker Pelosi pleads not guilty.
• What to do if salary transparency has you feeling underpaid.
• Even more dry shampoos found to have cancer-causing agent.
• Embracer Group shuts down Montreal video game studio.
• Yeezy roller coaster ended with two-minute phone call at Adidas.

One felt her heart would explode out of her chest, another lost her ability to speak and three others experienced unrelenting fatigue that left them confined to a bed, a bath or a wheelchair for much of each day. The youngest is 23, and the oldest is 65. All but one work in health-related fields. Each has a different set of debilitating symptoms, but all have at least one thing in common—an immune system sent haywire by the coronavirus—making them representative of the biggest group of people living with long Covid. As researchers strive to understand the condition, resemblances to other chronic ailments are coming into focus and providing insight into causes and treatments.

Morgan Baker got Covid-19 at the end of July 2021, right before the start of her senior year at Yale University.  Photographer: Kaori West

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