U.S. President Donald Trump arrived late to Thursday's NATO meetings, a fitting end to the tense summit. Next up on his European tour: a visit to the U.K., where Prime Minister Theresa May has just unveiled her blueprint for a "soft" Brexit. —Josh Petri Here are today's top storiesTrump affirmed the U.S. commitment to NATO, but only after dragging top allies—Germany in particular—through a chaotic two days of insults, accusations and demands. North Korean leader Kim Jong Un praised Trump in a letter written before U.S.-North Korean talks hit a snag. Now there are signs of disagreement between the two countries. FBI agent Peter Strzok was attacked by Republicans for refusing to answer some questions on the probe of potential Trump campaign collusion with Russia. Strzok, who in 2016 exchanged messages critical of then-candidate Trump, said the hearing is another "notch in Putin's belt." House Speaker Paul Ryan said Trump's trade policies—tariffs and pulling out of trade agreements—are a threat to the U.S. economy. Rupert Murdoch’s 21st Century Fox must make the next move in a standoff with Comcast, which increased its offer for broadcaster Sky to $34 billion. Papa John'swas already struggling when founder John Schnatter came under fire for using a racial slur. But shares rose as much as 16 percent when he resigned. What's Dani Burger thinking about? The Bloomberg cross-asset reporter is looking at a broad market challenge. Momentum—a bet on stocks with the biggest returns over the past year—is in the midst of its worst run in two years. It may be the canary in the coal mine for a downturn. What you'll need to know tomorrowEven parents with kids in the car can't stop texting while driving.The hottest ingredient of summer 2018 is snails.These are the best companies to work for in the U.S. The adult-film star suing Trump was freed after Ohio police voided her arrest at a strip club.Want a luxury home? The starting price in the U.S. is now $1 million.Adjusting for inflation, your $1,000 smartphone is really quite a bargain. Today in "Elon Musk wants to help" news, he's going to fix Flint, Michigan.Sponsored By Divvy Face it: expense reports are always a headache. Divvy is the proactive expense management software that eliminates expense reports and gives you control and visibility into your company's expenses. It's 100% free. In fact, Divvy is offering Bloomberg readers $100 to take a 10-min demo. Get your $100 What you'll want to read tonightThe story of Tesla’s sprint to release the Model 3, based on interviews with members of the carmaker's design and engineering teams, suppliers and current and former workers, is a study in brilliant design and unbelievable hubris. It's a tale that includes granular details about air-conditioning design, raw sewage in the workplace and even a severed foot. The Model 3 production line.Photographer: Balazs GardiLike Bloomberg's Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. There’s a new way to get the latest business news and analysis from Bloomberg: We’re now on WhatsApp. Sign up here to get on-the-ground updates from reporters, breaking markets news, and more. Download the Bloomberg app: It's available for iOS and Android. |