Good afternoon. Bloomberg News reporters Margaret Talev and Jennifer Jacobs described President Trump's 42-minute United Nations address on Tuesday as "blunt and blistering." Officials from countries that played a central part in his speech were in the room to hear it. However, relatively few of the world's most powerful leaders are in New York for UN General Assembly week. (Unfortunately, that won't mean an easier time getting around New York City.) –Emily Banks |
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Trump Warns North Korea's 'Rocket Man' | In his first UN speech, Trump said North Korea’s pursuit of nuclear weapons is a suicide mission that will lead to its destruction if not stopped by the rest of the world. Trump delivered unusually stark denunciations of both North Korea and Iran, telling his audience–including officials from those two countries–that no nation can remain on the sidelines when rogue governments threaten war. |
| Here are today's top stories... | | Toys "R" Us caught credit traders completely off guard when it filed for bankruptcy. The retailer, which has 1,600 stores in 38 countries, said its hand was forced after an attempt to restructure out of court sparked a press report about a potential bankruptcy. It spooked critical vendors and credit insurers. Just two weeks ago, credit markets were giving little indication Chapter 11 was coming. | | Myanmar is ready to welcome back Rohingya refugees, said the country's leader. More than 400,000 Rohingya refugees have crossed the border with Bangladesh since Aug. 25, when militants from the Arakan Rohingya Salvation Army attacked police and army posts. The military responded to those attacks with what it has called “clearance operations.” Human-rights groups have accused security forces and Buddhist vigilantes of indiscriminately attacking Muslims and burning their villages. | | Twitter suspended 300,000 accounts tied to terrorism in 2017. Under pressure from governments around the world to combat online extremism, the company said that improving automation tools are helping block accounts that promote terrorism and violence. Government data requests continue to increase; Twitter said it provided authorities with data on roughly 3,900 accounts from January to June this year. | | Brooklyn may be New York’s lure for Amazon. The borough’s image as a hip hub for millennials could give New York City a leg up in its long-shot bid to become the home to Amazon’s second U.S. headquarters. Brooklyn’s boosters say the large amount of space under development may entice the e-commerce giant to put down stakes in the area, which has so far come up short in its effort to attract big-name companies. | | Equifax suffered a hack much earlier than disclosed. The company first learned about the major breach of its computer systems in March—almost five months before the date it has publicly revealed. The revelation adds to the mounting crisis at Equifax, which is the subject of multiple investigations after the personal and financial data on 143 million U.S. consumers was exposed. | |
| Grab the popcorn | How Hollywood Got Over the Summer Blockbuster | As far as ticket sales are concerned, this summer really bombed for the movie business—especially last month. But part of that was by design. The fall movie season has barely begun, and the industry is already rebounding thanks to a record audience for the horror film It and a calendar full of highly anticipated releases intended to draw crowds in typically slower months. | | |
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