Don't believe everything

Trump’s first budget showdown with Congress went so poorly he’s already talking about a government shutdown in September and an end to the Senate’s filibuster rules. The spending legislation that is headed for a House vote as early as Wednesday became the latest flashpoint between the Trump administration and Congress, with Republicans already feeling the heat on their failure so far to repeal Obamacare.

Populism is great for stock returns. Though economists say policies such as cracking down on imports, championing local industries and raising government spending will stifle growth in the long term, data compiled by Bloomberg shows that stock buyers can do quite well for years after a populist comes to office.

United CEO apologizes at hearing on passenger treatment. Lawmakers lambasted airline executives at the first of two congressional hearings called in the wake of a United passenger being dragged off a flight by police. Oscar Munoz repeated apologies for the incident and said the airline has made many policy changes, such as increasing compensation for people who have to give up their seats.

Trump’s trade warrior is the most unpopular economist in the class. Peter Navarro, the president’s favorite numbers guy, is now the head of the White House National Trade Council, but his positions on trade have led many of his fellow economists to regard him as a traitor. He’s far more skeptical of free trade than many of his peers, and he believes buying from China strengthens a potential enemy.

Coal country is back, along with signing bonuses and pay raises. Money is trickling into Appalachia again – at least for now. The upswing is due to a trio of global forces: Chinese production curbs; Trump’s anti-regulatory policies; and investor bets that have, in the past year, doubled the market value of publicly traded U.S. coal companies to $15 billion. Miners are now snagging $1,000 signing bonuses, fully paid health insurance and raises again.

These are the best-paying internships in America. Tech companies dominated Glassdoor’s ranking of the most lucrative internships, with the lucky few who land a spot at Facebook pulling in $8,000 a month (that’s twice the average American wage). In addition to generous paychecks, some interns had their lodging, meals, and transportation covered.

Microsoft has already cracked the professional and creative markets with inventive tablets and a desktop that turns into a virtual drafting table. Now it’s chasing another category many believe is Apple’s to lose: the $1,000 laptop for everyone. Bloomberg has an exclusive look at the Surface Laptop, whichboots up in seconds, has a touch screen, and gets a claimed 14 hours of battery life.