Tuesday, November 19, 2024

Putin's nuclear warning

Bloomberg Morning Briefing Americas

Good morning. Russia issues a warning to the West with a new nuclear doctrine. Why Bitcoin is like a cockroach. And call in your favors to get on these golf courses next year. Listen to the day's top stories.

Vladimir Putin Photographer: Alexander Nemenov/Getty Images

Vladimir Putin signed a decree allowing Russia to launch nuclear weapons in the event of a massive conventional attack on its soil. The warning comes as Ukrainian forces carried out their first strike within Russian territory with a Western-supplied ATACMS missile, RBC-Ukraine reported. Here's a reminder why the US is allowing Ukraine to use them.

Assets considered havens climbed on the news. Treasury bonds, gold, the dollar, Swiss franc and Japanese yen all advanced as investors sought the safest place for their money. Meanwhile, an investment chief at Blackrock explained that the US stock rally still has a ways to go.

Another reprieve for Donald Trump. Georgia's Court of Appeals canceled a Dec. 5 argument on whether Fulton County District Attorney Fani Willis should be removed from a criminal case into whether Trump tried to overturn the 2020 election. Opposition may be growing over his attorney general pick though, with senators from both parties demanding more information on a closely held sexual misconduct probe into former Representative Matt Gaetz.

Jersey Mike's is close to getting gobbled up, with Blackstone in talks to pay about $8 billion for the sandwich chain. The company has been investing in food service chains this year, buying Tropical Smoothie Cafe and putting money into 7 Brew Coffee. Sticking with food, Nestle plans to spin off water brands including Maison Perrier and Acqua Panna.

Jaylen Brown after Boston's win against the Dallas Mavericks in Game Five of the 2024 NBA Finals. Photographer: Adam Glanzman/Getty

Boston Celtics star Jaylen Brown is launching a $200 sneaker line three years after he walked away from a $50 million Adidas deal. Brown's venture aims to give athletes more creative control and input, a departure from traditional endorsement deals with giants like Nike and Under Armour.

Deep Dive: Bitcoin's Boom

The biggest cryptocurrency is in record territory above $90,000, up 37% since Donald Trump was elected on Nov. 5. The optimism in crypto has led to bullish bets, with some analysts predicting Bitcoin could reach $100,000 in the near future.

The Big Take

Opinion

Gavin Newsom. Photographer: David Paul Morris/Bloomberg

Gavin Newsom is trying to position himself as a leading voice of the Democratic "resistance" against Trump. But the California governor is too elitist to be the right messenger for a party trying to rebrand itself after a staggering loss, Erika D. Smith writes.

Before You Go

The 13th hole (lower and upper) at Broomsedge. Source: Carolina Pines Golf

Golf courses are springing up everywhere, including new public courses opening at high-end resorts both at home and abroad. From South Carolina to Saudi Arabia, here's a roundup of the most interesting new venues to check out in 2025.

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