Bloomberg - Evening Briefing - Global traffic jam

Port logjams are getting worse, with broken supply chains sparking global shortages of everything from bicycles to vaccine vials. The Port of Los Angeles started running 24 hours a day at the urging of the White House. The crisis is vying with other pressing issues for President Joe Biden’s attention, Jonathan Bernstein writes in Bloomberg Opinion. Felixstowe, a key port on England’s east coast, doesn’t have enough truck drivers to clear a backlog of containers that threatens to cancel Christmas. And In China, an approaching cyclone meant the number of vessels waiting to enter one of the world’s busiest ports jumped to its highest level since August.

What you’ll want to read this weekend

The United Nations Climate Summit in Scotland is just weeks away, but the fight to slow global warming is looking like a rout. The U.K.’s power network is relying increasingly on coal-fired stations as the global energy crisis intensifies. Meanwhile the world’s richest nations are failing to deliver on $100 billion in annual contributions pledged to help poor countries cut greenhouse gas emissions. 

Apple joined the long list of companies hit by the global semiconductor shortage, forcing it to slash its iPhone 13 production target. Strong chip demand is beginning to look like industry stockpiling—Tim Culpan writes in Bloomberg Opinion how that could be a massive problem when the bottlenecks ease.

An Apple store in New York.

Photographer: Jeenah Moon/Bloomberg

September’s jump in consumer prices was described by one observer as “disturbing” despite the Fed’s stated belief that inflation is transitory. Morgan Stanley’s Chief Executive Officer James Gorman is ready for higher interest rates, proclaiming “you’ve got to prick this bubble.”

From false equivalence to an appeal to fear, Bloomberg Businessweek explains how people like Elon Musk and Donald Trump short-circuit your ability to think rationally. It turns out that Steve Bannon, one of Trump’s former adjutants, was among those behind a disastrous bet against the Hong Kong dollar.

The concept of so-called clean beauty—makeup and skincare products marketed as free of harmful, artificial ingredients—has grown into a $1.6 billion market. But a lack of clear guidelines may open the door for a new kind of greenwashing. The luxury fashion industry is in the process of reinventing how it connects with customers, its top executives tell The Business of Fashion.

What you’ll need to know next week

  • How much did China’s economy slow down during the third quarter?
  • Netflix reports earnings in the wake of the “Squid Game” sensation.
  • WeWork is expected to complete its SPAC merger and start trading.
  • Apple will unveil the first redesign to the MacBook Pro in five years.
  • The Dodgers are trying to reach a second World Series in a row. 

What you’ll want to read in Businessweek

Can Twitter Actually Get Us to Be Nice?

Twitter has spent the past year experimenting with subtle product tweaks designed to encourage healthier online behavior. It now alerts people who are about to post misinformation on topics such as elections and Covid-19, and it recently began asking people to read articles before sending them along. In some cases, if users try to post something mean or offensive, automated pop-ups now ask them to think twice before doing so. But will this actually work?

Like getting Weekend ReadingSubscribe to for unlimited access to trusted, data-driven journalism and gain expert analysis from exclusive subscriber-only newsletters.

Bloomberg Equality Summit: Join us on Oct. 26-27 as we convene global leaders in health care, education, technology, government and business to talk about the next phase of oversight and accountability in workplace equality. What tough discussions are necessary to create sustainable change during the recovery and who is charting a new and faster course to achieve equity across business and society? Register here.

Download the Bloomberg app: It’s available for iOS and Android.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.

Key phrases

Older messages

China breaks the silence

Friday, October 15, 2021

View in browser Bloomberg It was another big day for the booster debate. A key advisory panel recommended US regulators approve an extra shot of the Johnson & Johnson Covid-19 vaccine. It brings

Warning on oil

Thursday, October 14, 2021

View in browser Bloomberg The energy crisis keeps getting worse. Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude

Supply chain fears grow

Thursday, October 14, 2021

Bloomberg Inflation: is it transitory? The question seemed to be on everyone's mind Wednesday. Prices paid by US consumers came in higher than expected for September, though in certain reopening

Biden 2, Texas 0

Tuesday, October 12, 2021

Bloomberg US 2, Texas 0. That's the score as far as two huge airlines are concerned when it comes to a governor trying to block federal vaccination requirements. American Airlines and Southwest

Buy the dip

Monday, October 11, 2021

Bloomberg While some have been beating the “inflation isn't transitory” drum pretty loud of late, two Wall Street giants just proclaimed that they're wrong. “Despite near-term uncertainty, we

‘Crazier’ than the dotcom bubble

Saturday, December 4, 2021

Bloomberg's Evening Briefing View in browser Bloomberg The November US jobs report on Friday was, in a word, weird. It showed the smallest jobs gains this year, a participation rate that was edging

FTT Update: CeFi Pays Heavy Toll Going DeFi

Friday, December 3, 2021

​ ​ Hi all, Julie here. Happy Friday! It's very weird to have it be 70+ degrees outside in December, but it sounds like other areas of the country are seeing abnormally high temps too? Anyways, I

The Quest for Monopoly

Friday, December 3, 2021

Plus: Augmentum Fintech, European Banks, Stablecoins ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The investor forcing asset managers to confront ugly truths

Friday, December 3, 2021

Money managers courting Connecticut's $44 billion pension... View in browser INSIDER INSIDER Subscribe Insider Exclusive FINANCE The investor forcing asset managers to confront ugly truths Money

20 pitch decks that startups used to raise millions to disrupt media and advertising

Friday, December 3, 2021

They're pitching solutions to automate ad creation, improve the user digital experience, and more. View in browser Business Insider Business Insider Business Insider Subscribe Business Insider

BuzzFeed and the Platform Squeeze

Friday, December 3, 2021

Plus! The Great Unclogging; The First-Party Data Gold Rush; Open Data; Bitcoin Loans; The Arms Race; Diff Jobs ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily StockTips Newsletter 12.03.2021

Friday, December 3, 2021

I've Screened the Market for what I Consider the Best, Safest, & Most RELIABLE Profit Opportunities! (Published 7:30 AM ET) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Omicron’s greater risk

Thursday, December 2, 2021

Bloomberg's Evening Briefing View in browser Bloomberg In some of the first data to come back on the omicron variant of the coronavirus, researchers in South Africa, where it was first identified,

⚽️ Snowflake 1, Apple 0

Thursday, December 2, 2021

Typical millennial Snowflake | Hermès puts on its gladrags | TOGETHER WITH Hi Reader, here's what you need to know for December 3rd in 3:02 minutes. 🚀 The first day of the Ledger x Finimize Crypto

FTT+: What PayPal's Next Move Should Be

Thursday, December 2, 2021

​ ​ Hi all, Julie here. Another big tech company is changing its name: Square. The new name, Block, is symbolizing how it's going to continue focusing on blockchain technology. I'm not here to