Bloomberg - Evening Briefing - The assault begins

Bloomberg Evening Briefing

Kyiv officials stated that Russia has begun its widely expected assault on eastern Ukraine. After having pulled back from the north of the country following a failed effort to take the capital and other major cities, the Kremlin has been steadily moving forces to the Donbas region. With wide-ranging tank battles expected across the area’s open landscape, this new chapter of Russia’s war comes with an advantage for the Kremlin: separatist groups have been fighting the Ukrainian military there (with Moscow’s help) since 2014. Critical to any move by Russia to establish a land corridor along the Sea of Azov will be Mariupol, the port city it’s been pounding for weeks. Its remaining defenders are encircled but haven’t surrendered, Ukrainian officials said. In recent days, Russian forces also renewed their barrage on cities all across the country, including strikes on what it claims are arms depots in Lviv, near the border with Poland.

Smoke rises near destroyed residential buildings in Mariupol, Ukraine, on April 12.​​​​​​ Photographer: Andrey Borodulin/AFP/Getty Images​

As far as the Russian economy is concerned, Vladimir Putin proclaimed that sanctions had failed, citing the recovery of the ruble to pre-war levels. However, Russia’s central bank conceded it has found no clear alternatives to the world’s major reserve currencies, since the global effort has left the Kremlin with only yuan and gold. In addition to addressing Russia’s financial picture, Putin also honored an army unit allegedly involved in mass executions in the Kyiv suburb of Bucha.  

Bloomberg is tracking the coronavirus pandemic and the progress of global vaccination efforts.

Here are today’s top stories

U.S. regulators are applying more scrutiny to Tesla’s “autopilot” technology than ever before. The National Highway Traffic Safety Administration opened two formal defect investigations that could ultimately force Elon Musk’s electric carmaker to retrofit cars and restrict use of the feature.

Tesla’s Model Y Photographer: Bing Guan/Bloomberg

With Americans flocking to airports to travel again and a new Covid-19 infection wave looming, a Florida federal judge appointed by Donald Trump overturned the federal mask mandate on airplanes, trains and other public transportation. Fueled by highly-contagious omicron subvariants, confirmed new infections in the U.S. are averaging 35,000 per day, though the real number is likely higher.

A senior official responsible for driving technological innovation at the U.S. Department of Defense has resigned, saying the Pentagon should behave more like SpaceX.

The Pentagon Photographer: Stefani Reynolds/Bloomberg

Potential homebuyers are getting discouraged by rising mortgage rates and home prices, according to a survey by the New York Federal Reserve. U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years.

Florida’s Department of Education banned almost half of the suggested math textbooks for 2022-2023, claiming the books violate new rules prohibiting the teaching critical race theory. Florida banned the teaching of the subject last year as part of a nationwide campaign by Republican lawmakers. Since January of 2021, 17 states have banned the theory or other topics such as sexism. However, in a survey that year, 96% of educators said their schools don’t teach the discipline.

The S&P 500 closed down after swinging between narrow gains and losses on very thin volumes following a long holiday weekend. Markets in much of Europe were still shut down. Here’s your markets wrap 

Companies tied to far-right radio host Alex Jones filed for bankruptcy. Jones was sued by the survivors of children shot dead in the 2012 Sandy Hook massacre in Newtown, Connecticut. Jones called the murders of the 20 young children—all aged six or seven years old—as well those of six adults a hoax

A student looks for a place to leave flowers at a makeshift memorial for the victims of the Sandy Hook Elementary School shooting in 2012 in Newtown, Connecticut. Photographer: Brendan. Smialowski/AFP

What you’ll need to know tomorrow

Goldman’s Youngest Black Partner to Start Fund

Goldman Sachs’s youngest Black partner, Darren Dixon, is leaving to start his own fund, adding to a string of exits in the past year from the bank’s already small pool of top-ranking Black executives. The 35-year-old, who was named partner in 2020, was most recently head of global capital solutions, a group that structures complex deals and rescue financing for companies navigating trouble. 

A Goldman Sachs logo. Photographer: Daniel Acker

    Older messages

    Musk wants it all

    Saturday, April 16, 2022

    Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter Unsatisfied with just being Twitter's largest investor and one of its most followed users, the world's richest

    More than 10,000 dead

    Monday, April 11, 2022

    Bloomberg Evening Briefing View in browser Bloomberg Ukraine's allies in Europe are pivoting away from an emphasis on sanctions in response to Russia's war and instead focusing on urgently

    Sidestepping sanctions

    Saturday, April 9, 2022

    Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter The European Union will ban coal imports from Russia in its first move targeting Moscow's crucial flow of energy

    Train station carnage

    Friday, April 8, 2022

    Bloomberg Evening Briefing View in browser Bloomberg Having spent more than a month of war destroying residential areas and cities across Ukraine, potentially killing thousands, and now the subject of

    New evidence surfaces

    Thursday, April 7, 2022

    Bloomberg Evening Briefing View in browser Bloomberg German intelligence reportedly intercepted radio exchanges between Russian soldiers who discussed killing Ukrainian civilians outside Kyiv,

    Fifteen killed in elementary school

    Tuesday, May 24, 2022

    Bloomberg Evening Briefing View in browser Bloomberg Fourteen students and one teacher were killed in a mass shooting at an elementary school in Texas on Tuesday. The shooter, said by authorities to be

    🤞 How not to invest in the next Luna

    Tuesday, May 24, 2022

    Zoom drinks, anyone? | No one wants to advertise with Snap | TOGETHER WITH Hi Reader, here's what you need to know for May 25th in 3:04 minutes. 🚗 Get in loser, we're going shopping. Join Nimy

    🔦 Opinionated: Hope in Weird Times

    Tuesday, May 24, 2022

    Plus, how burnout affects your money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

    401(k) Savings Rates Are at an All-Time High

    Tuesday, May 24, 2022

    If a Bear Market Is Coming, What Should Investors Do Now? May 24, 2022 Today is a new day for this newsletter, but that sentiment could be a metaphor for retirement, too. Every new day is an

    Get ahead of future tech layoffs as a job seeker

    Tuesday, May 24, 2022

    It's graduation season. Over the past couple of weeks, some 2 million... Read on INSIDER INSIDER Subscribe INSIDER FEATURED ARTICLE ENTERPRISE I'm a recruiter. Here are the 3

    Meet Jared Birchall, Elon Musk's right-hand man and polar opposite

    Tuesday, May 24, 2022

    The ex-Morgan Stanley banker's loyalty has few limits, from helping finance the Twitter buy to hiring a PI. View in browser Business Insider Business Insider Business Insider Subscribe Business

    The Daily StockTips Newsletter 05.24.2022

    Tuesday, May 24, 2022

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

    Ukraine pitches Davos

    Monday, May 23, 2022

    Bloomberg Evening Briefing View in browser Bloomberg A diplomat in Geneva quit over Moscow's three-month war on Ukraine in a rare public protest by a Russian government official. A court in Kyiv

    🔒 Xpeng is trapped

    Monday, May 23, 2022

    Broadcom goes all Gwyneth | Xpeng isn't going anywhere | TOGETHER WITH Hi Reader, here's what you need to know for May 24th in 3:04 minutes. ⚖️ There's more to a digital portfolio than one

    Wow, your future looks fun

    Monday, May 23, 2022

    Here's a free workshop when you fund your account! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌