Boeing’s 737 Max killed a total of 346 people in two crashes. Before the disasters, a high-ranking Boeing pilot warned of the technical feature eventually implicated in the catastrophic failures. Now, with all 737 Max planes grounded and production lines halted, jobs across America are at risk. Lawmakers are scrutinizing the company’s cozy relationship with the Federal Aviation Administration, an agency responsible for the safety of the flying public, and the Justice Department has opened a criminal probe. On Monday, Boeing’s CEO paid the price for the embattled company’s growing crisis. —David E. Rovella

Here are today’s top stories

Equity investors confident of an economic resurgence in 2020 should be more cautious, Vanguard’s investment-strategy chief warned. He gives even odds that a correction is coming in the new year.

Saudi Arabia said it sentenced five people to death in the murder of Jamal Khashoggi, though none are close to Crown Prince Mohammed bin Salman. The CIA said the killing and dismemberment of the U.S. resident and Washington Post columnist by Saudi government agents inside a Saudi consulate could not have taken place without the knowledge of the kingdom’s leader. A UN official was more blunt, calling it a “state killing.”

Elon Musk once made a marijuana joke about Tesla stock that fell flat with securities regulators. He got the last laugh on Monday when the electric carmaker’s stock hit $420, smoking the shorts in the process.

Wall Street is wondering whether the Fed is quietly doing more to calm the U.S. repo market than showy liquidity injections.

President Donald Trump spoke briefly with Rudolph Giuliani, his personal attorney and the subject of a federal criminal investigation, during a Studio 54-themed party at Trump’s Florida resort. Trump also chatted with Eddie Gallagher, a Navy special forces member who was accused of war crimes (including shooting unarmed civilians) and later court-martialed for posing with a corpse.

That hamburger you’re eating, America? It’s made with the discarded bits of the cow. Still, thanks to China and African swine fever, the price of beef trimmings is going up.

What’s Elisa Martinuzzi thinking? The Bloomberg Opinion columnist writes that while U.K. Prime Minister Boris Johnson’s landslide victory makes Brexit a near certainty, there may be new variables. The British financial industry was unified in its opposition to a hard Brexit. Now that such a calamity seems off the table, there are signs the City of London is starting to crack.

What you’ll need to know tomorrow

Sponsored Content by SmartAsset™️

This NYC Startup Is Disrupting the $27 Billion Retirement Industry

With over 110 million Americans over age 50, it's no wonder this Princeton grad's startup just raised another $28 million to help people conquer retirement. See how its no-cost tool can help you plan to retire comfortably.

What you’ll want to read tonight

Some of the Worst Bets on Bonds This Decade

More than a few prognosticators are warning that the recession everyone has been predicting for years may finally arrive in 2020. Traditionally, a downturn is bad news for stocks and good news for debt. But often that’s when bad decisions are made. Since the Great Recession, and thanks to surging global debt levels, there have been some real doozies in the past decade. Here are ten of the more spectacular fixed income face-plants.

Like Bloomberg’s Evening Briefing? Subscribe to Bloomberg.com. You’ll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer.

Something new in your inbox. The Weekly Fix is an email with the latest fixed income news, charts and insights. Sign up here to start getting it in your inbox on Fridays.

Download the Bloomberg app: It’s available for iOS and Android.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.