Fwd: The bear is roaring

Gunnar Larson g at xny.io
Mon Jun 13 15:07:46 PDT 2022


---------- Forwarded message ---------
From: Bloomberg <noreply at mail.bloombergbusiness.com>
Date: Mon, Jun 13, 2022, 6:05 PM
Subject: The bear is roaring
To: <g at xny.io>


Bloomberg Evening Briefing
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTg0NSZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891B32496cb2>
View in browser
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL25ld3NsZXR0ZXJzLzIwMjItMDYtMTMvYmxvb21iZXJnLWV2ZW5pbmctYnJpZWZpbmctdGhlLWJlYXItbWFya2V0LWFycml2ZXMtd2l0aC1hLWRlYWZlbmluZy1yb2FyP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891B851825b1>
[image: Bloomberg]
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS8/602ab0e56647c32f40077891Ba8e5f156>
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTg0OSZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891C79952151>

With a deafening roar, the US stock market ran headlong into bear
territory, the S&P sinking 20% below a January peak and hitting its lowest
mark since the previous January. Tech shares bore the brunt
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvYmlnLXRlY2gtcy1mbG9vci1jb2xsYXBzZXMtb24tcmVuZXdlZC1mZWFycy1vZi1iaWdnZXItcmF0ZS1oaWtlcz9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891Be7fb3853>
of
the Monday rout, with the Nasdaq 100 slumping about 4.5%. Speculative areas
of the market inflated by years of government largesse buckled as
profitless software firms, newly public companies and blank-check entities
were unceremoniously dumped. Credit markets continued their historic
repricing of rate trajectories: Treasury 10-year yields climbed to the
highest since 2011 while two-year rates jumped to levels last seen before
the 2008 financial crisis. The cost to protect investment-grade debt from
default soared as a closely watched segment of the US bond curve inverted.
And Bitcoin took another dive, tumbling
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvYml0Y29pbi1zaW5rcy10by0xOC1tb250aC1sb3ctYXMtdXMtaW5mbGF0aW9uLWltcGFjdC1zcHJlYWRzP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891B22be9548>
to its lowest
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvdGhlcmUtcy1zb21ldGhpbmctZGlmZmVyZW50LWFib3V0LXRoaXMtYml0Y29pbi1kcmF3ZG93bj9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891Bbbc663b3>
point
in about 18 months after withdrawals tied to the Celsius lending platform
were frozen. Only the dollar provided some respite. With the Federal
Reserve positioned for an assault
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvYS1mZWQtcmF0ZS1oaWtlLW9mLTc1LWJhc2lzLXBvaW50cy1pcy1hLWRvbmUtZGVhbC1mb3ItdHJhZGVycz9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891Bbed29bb2>
on high inflation fueled in part by Russia’s war and supply chain
chaos, Victoria Greene, chief investment officer at G Squared Private
Wealth, said the bottom is still a ways off. “It’s going to get a little
uglier
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTIvaW5mbGF0aW9uLXRodW5kZXJib2x0LXByaW1lcy1zdG9ja3MtYm9uZHMtZm9yLW1vcmUtdm9sYXRpbGl0eT9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891B7e587856>
,” *—Natasha Solo-Lyons
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly90d2l0dGVyLmNvbS90YXNoc2x5b25z/602ab0e56647c32f40077891B7f267146>*

*Bloomberg is tracking the coronavirus pandemic
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9ncmFwaGljcy8yMDIwLXd1aGFuLW5vdmVsLWNvcm9uYXZpcnVzLW91dGJyZWFrP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891B6c6b4e0d>
and the progress of global vaccination efforts
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9ncmFwaGljcy9jb3ZpZC12YWNjaW5lLXRyYWNrZXItZ2xvYmFsLWRpc3RyaWJ1dGlvbi8_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5I2dsb2JhbA/602ab0e56647c32f40077891Be145e915>.*
Here are today’s top stories

*The “big lie” begat the “big ripoff,”* according to the bipartisan Jan. 6
committee on its second day of public hearings in Washington. Donald Trump
not only ignored aides who repeatedly told him there was no significant
fraud in the 2020 election, witnesses and lawmakers alleged on Monday, but
he eagerly propagated the lie to fleece unsuspecting followers out of
millions of dollars
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvamFuLTYtbGF0ZXN0LXRydW1wLWNhbXBhaWduLWNoaWVmLXRvLWJlLW9uLXRhcGUtaW4tbGF0ZS1zd2l0Y2g_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891B11d36578>
.
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvamFuLTYtbGF0ZXN0LXRydW1wLWNhbXBhaWduLWNoaWVmLXRvLWJlLW9uLXRhcGUtaW4tbGF0ZS1zd2l0Y2g_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891C11d36578>
Representative Bennie Thompson, chairman of the House Select Committee to
Investigate the January 6th Attack on the US Capitol, speaks during a
hearing in Washington on Monday. *Photographer: Al Drago/Bloomberg*

*For years*, the adage “Don’t fight the Fed” meant only one thing: buy
stocks. These days, and especially after Monday’s bloodbath, legions of
new investors who have never faced inflation before are learning it can
mean something else, too. A booming economy, record low unemployment,
strong earnings estimates and flush consumers aren’t enough to counter a
panicky Wall Street running scared
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvZmVkZXJhbC1yZXNlcnZlLXRlcm1pbmF0ZXMtdGhlLWluZmx1ZW5jZXItYXBwcm92ZWQtYnVsbC1tYXJrZXQ_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891B8c860165>
.

*Foreign-exchange volatility* is back with a vengeance as central banks
look to rein in inflation by raising interest rates. With the Fed leading
the charge, the dollar is off to its best start to a year since 2010, extending
its gains
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvLWRvbGxhci1hdGUtbXktcHJvZml0LWlzLWNvcnBvcmF0ZS1hbWVyaWNhLXMtbGFtZW50LW9uY2UtYWdhaW4_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891B6ae3c3ed>
over the past 12 months to more than 22% versus the yen and 15% against the
euro.

*Russia continued its assault *on Sievierodonetsk, pushing Ukrainian troops
out of the city center and their last major foothold in the eastern Luhansk
region. Ukraine President Volodymyr Zelenskiy called the fighting “very
fierce,” and the regional governor said Russian troops now control 80% of
the city
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvdWtyYWluZS1sYXRlc3QtYW1uZXN0eS1hY2N1c2VzLXJ1c3NpYS1vZi13YXItY3JpbWVzLWluLWtoYXJraXY_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891B031f4550>.
Moscow’s use of cluster munitions and indiscriminate shelling in
Kharkiv constitutes a war crime, Amnesty International said Monday.
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvdWtyYWluZS1sYXRlc3QtYW1uZXN0eS1hY2N1c2VzLXJ1c3NpYS1vZi13YXItY3JpbWVzLWluLWtoYXJraXY_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891C031f4550>
A house burns after being shelled during an artillery duel between
Ukrainian and Russian troops in Lysychansk, in the eastern Donbas region
of Ukraine, on June 11. *Photographer: Aris Messinis/AFP*

*The US government, however,* is quietly encouraging agricultural and
shipping companies to buy and carry more Russian fertilizer
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvdXMtcXVpZXRseS11cmdlcy1ydXNzaWEtZmVydGlsaXplci1kZWFscy10by11bmxvY2stZ3JhaW4tdHJhZGU_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891Ba4dec6c7>
in
a bid to combat spiraling global food costs.

*The World Health Organization* is weighing an official name change for
monkeypox
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvd2hvLXdlaWdocy1yZW5hbWluZy1tb25rZXlwb3gtdmlydXMtdG8tbWluaW1pemUtc3RpZ21hLXJhY2lzbT9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891Bafaa9bdc>
after
more than 30 international scientists said the label is discriminatory and
stigmatizing. So far, an outbreak of the disease has infected almost 1,300
people in more than two dozen countries.

*Single-family landlords* in the US are eyeing opportunities
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvbGFuZGxvcmRzLXJlYWR5LXdhci1jaGVzdHMtdG8tYnV5LWluLWNvb2xpbmctdXMtaG91c2luZy1tYXJrZXQ_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891B7c10ee1f>
in the slowing housing market, betting lower demand from consumers will
lead builders to offer discounts.
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTkwOSZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891D38bde842>

<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTkwOSZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891E38bde842>
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTkxMyZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891F6fb48a62>

<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTkxMyZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891G6fb48a62>
What you’ll need to know tomorrow

   - *Bloomberg Opinion*: At last, a bipartisan effort on gun safety
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9vcGluaW9uL2FydGljbGVzLzIwMjItMDYtMTMvYWZ0ZXItdXZhbGRlLWEtYmlwYXJ0aXNhbi1lZmZvcnQtb24tZ3VuLXNhZmV0eS1zaG93cy1wcm9taXNlP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891B8693bc7b>
   .
   - Property values fall across US, Europe thanks to inflation
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvbGFuZGxvcmRzLXJlYWR5LXdhci1jaGVzdHMtdG8tYnV5LWluLWNvb2xpbmctdXMtaG91c2luZy1tYXJrZXQ_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891C7c10ee1f>
   .
   - China alarms US with private warnings to avoid the Taiwan Strait
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTIvY2hpbmEtYWxhcm1zLXVzLXdpdGgtbmV3LXByaXZhdGUtd2FybmluZ3MtdG8tYXZvaWQtdGFpd2FuLXN0cmFpdD9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891Bf55b4940>
   .
   - Bond yields, dollar surge with Fed bets as recession fear grows
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvYS1mZWQtcmF0ZS1oaWtlLW9mLTc1LWJhc2lzLXBvaW50cy1pcy1hLWRvbmUtZGVhbC1mb3ItdHJhZGVycz9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891Cbed29bb2>
   .
   - Crypto market sinks below $1 trillion after latest DeFi blowup
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvYml0Y29pbi1zaW5rcy10by0xOC1tb250aC1sb3ctYXMtdXMtaW5mbGF0aW9uLWltcGFjdC1zcHJlYWRzP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891C22be9548>
   .
   - Google suspends engineer who claimed AI bot had become sentient
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvZ29vZ2xlLXN1c3BlbmRzLWFpLWVuZ2luZWVyLXdoby1tYWRlLXNlbnRpZW50LWJvdC1jbGFpbXM_Y21waWQ9QkJEMDYxMzIyX0JJWiZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9bmV3c2xldHRlciZ1dG1fdGVybT0yMjA2MTMmdXRtX2NhbXBhaWduPWJsb29tYmVyZ2RhaWx5/602ab0e56647c32f40077891B379b469e>
   .
   - Murder-suicides by pilots are vexing airlines as deaths mount
   <https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvbXVyZGVyLXN1aWNpZGVzLWJ5LXBpbG90cy1hcmUtdmV4aW5nLWFpcmxpbmVzLWFzLWRlYXRocy1tb3VudD9jbXBpZD1CQkQwNjEzMjJfQklaJnV0bV9tZWRpdW09ZW1haWwmdXRtX3NvdXJjZT1uZXdzbGV0dGVyJnV0bV90ZXJtPTIyMDYxMyZ1dG1fY2FtcGFpZ249Ymxvb21iZXJnZGFpbHk/602ab0e56647c32f40077891B1c3ac9fd>
   .

<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly9zbGkuYmxvb21iZXJnLmNvbS9jbGljaz9zPTgyNTg1MyZsaT0yODA0NDUyMiZtPTlmOTk4Yjc2OTVkMzY3NDI3NjcwYTU2NDJjZGVkYTM1JnA9Mjg5MDA1NjUmc3RwZT1kZWZhdWx0Jg/602ab0e56647c32f40077891H0be5ac87>
Morgan Stanley CEO Sees 50% Recession Risk
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvbW9yZ2FuLXN0YW5sZXktY2VvLWphbWVzLWdvcm1hbi1zZWVzLTUwLXJlY2Vzc2lvbi1yaXNrP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891B193d54a0>

Morgan Stanley CEO James Gorman joined the growing club of financial
industry bigwigs warning of recession. Gorman put the odds at about 50%
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvbW9yZ2FuLXN0YW5sZXktY2VvLWphbWVzLWdvcm1hbi1zZWVzLTUwLXJlY2Vzc2lvbi1yaXNrP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891C193d54a0>.
“It was inevitable this inflation was not transitory, it was inevitable the
Fed would have to move faster than they were projecting,” he said at a
conference Monday.
<https://link.mail.bloombergbusiness.com/click/28044522.856043/aHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjItMDYtMTMvbW9yZ2FuLXN0YW5sZXktY2VvLWphbWVzLWdvcm1hbi1zZWVzLTUwLXJlY2Vzc2lvbi1yaXNrP2NtcGlkPUJCRDA2MTMyMl9CSVomdXRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXImdXRtX3Rlcm09MjIwNjEzJnV0bV9jYW1wYWlnbj1ibG9vbWJlcmdkYWlseQ/602ab0e56647c32f40077891D193d54a0>
James Gorman  *Photographer: Brendon Thorne/Bloomberg*

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