Your Evening Briefing
Your Evening Briefing
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A heated race reaches an end and scorching heat grounded planes.
Voters in Atlanta's northern suburbs went to the polls today to elect a U.S. representative to fill the seat vacated by Tom Price when he moved to serve in Trump's administration. The race became the most expensive ever for a seat in the House of Representatives, and the latest polls showed the candidates within the margins of error. The outcome (polls close at 7 p.m. in Georgia) may guide how candidates deal with President Trump in the midterms.
To the west, Phoenix — where the high is forecast to reach 120 degrees Fahrenheit — was so hot that some planes couldn't fly. American Airlines has canceled 50 flights this week, the majority of them Tuesday. –Emily Banks
The new face of Trump’s legal team is the Christian right’s pit bull. Jay Sekulow has an impressive Supreme Court record, but a criminal defense lawyer he is not. The 61-year-old lawyer has an unusual professional and personal profile—one that doesn’t include experience with white-collar criminal cases, which would seem to be what Trump needs at the moment.
Ford is canceling controversial plans to build the Focus in Mexico, saving $1 billion by ending North American production entirely and importing the model mostly from China after next year. The move is the first major strategic decision Ford has announced under CEO Jim Hackett and marks a complete break from the strategy of his ousted predecessor to relocate small car production to Mexico.
Texas is too windy and sunny for old energy companies to make money. South Texas is to wind a bit like what Napa Valley is to wine and Georgia is to peaches. For not only does the state’s Gulf Coast generate strong evening gusts, but it also blows fiercely in the middle of the day, just as electricity consumption is peaking.
Amazon's real target isn't Whole Foods–it's everything you buy, Conor Sen writes in a column for Bloomberg View. "If Amazon and Whole Foods disrupt the grocery business, it won't be because of their market share, which combined is under 2 percent. Instead, it'll be because of their as-yet-unknown effect on consumer products – dictating what we buy, and how much we pay." Amazon is also entering the fashion subscription box business.
Economic reality is catching up with the U.K., where it is becoming clear that leaving the European Union will lead to lower living standards, billionaire investor George Soros said. “We are fast approaching the tipping point that characterizes all unsustainable economic developments,” he wrote in an article published by the Project Syndicate news organization.
Emergency funds are bulking up. Americans may finally be turning the corner on saving money. More than 30 percent of those surveyed say they have enough tucked away to cover six months’ worth of expenses—a seven-year high for this measure of financial preparedness. The poll also showed impressive savings habits among young millennials. Thirty-one percent of Americans age 18-26 have enough saved to cover three to five months’ worth of expenses.
Cracking the biggest art heist in history. For nearly three decades, detectives have sought to solve the theft of $500 million of artwork—including works by Rembrandt, Vermeer, Degas, and Manet—from the Isabella Stewart Gardner Museum in Boston. Investigators think the end is near.