TODAY’S NEWS FLASH:
Political Landscape
Trump nominates government economist to lead Bureau of Labor Statistics
President Donald Trump said Friday that he is nominating the government economist Brett Matsumoto to lead the Bureau of Labor Statistics, after having previously accused the federal agency of releasing low monthly jobs numbers in order to make him look bad.
Senate Approves Funding Package Following White House-Schumer Deal
The Senate approved a mammoth government spending package Friday evening funding vast portions of the federal government and a separate stopgap measure temporarily funding the Department of Homeland Security (DHS).
Global Impact
Heatwave across Australia’s south-east continues for eighth day ahead of a welcome cool change
A cool change this weekend is expected to bring an end to eight consecutive days of blistering temperatures above 40C in Australia’s south-east.
Venezuela’s acting president signs oil industry overhaul, easing state control to lure investors
Venezuela’s acting President Delcy Rodríguez on Thursday signed a law that opens the nation’s oil sector to privatization, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades.
Economic Pulse
American Express, credit card provider to the wealthy, wants even more high spenders
American Express is finding that even for a provider of credit cards to the affluent, it pays to focus on the highest of high rollers.
Read More Here
Bitcoin stuck in a rut after Warsh pick as ETFs shed billions
Bitcoin traded near two-month lows after Donald Trump named Kevin Warsh as the next Federal Reserve chair — a choice that did little to lift sentiment in a market already under pressure from persistent ETF outflows.
Quick Takes
What Is a Ward in ‘Bridgerton’? Breaking Down Season 4 Lead Sophie Baek’s Backstory
‘Schitt’s Creek’ Star Dan Levy Breaks His Silence on Catherine O’Hara’s Death at Age 71
WHO sees low risk of Nipah virus spreading beyond India
Son of Norway crown princess to stand trial for allegedly raping 4 women
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