Morning Briefing: Americas
Bloomberg Morning Briefing Americas
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Good morning. Donald Trump abruptly terminates trade talks with Canada, but all eyes are turning to his big meeting in Asia. And Sin City has some serious competition. Listen to the day’s top stories.

— Lucy Meakin

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It’s over, for now anyway. Donald Trump called an immediate halt to all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan. The ad features the voice of former President Ronald Reagan, defending the principles of free trade and slamming tariffs in a 1987 speech. 

Trump Says All Trade Negotiations With Canada Terminated

We’re finally about to get a check-in on the US economy. Consumer price inflation data, delayed by the government shutdown, is set to drop this morning. Bloomberg Economics expects it’ll give the Fed the green light to cut rates again next week, but after traders (and policymakers) have gone weeks with no data, any upside surprise may rattle Treasuries. For now, they’re steady.

Fools gold? The precious metal looks set to snap its scorching nine-week winning run. Bullion has slipped more than 3% this week as investors weigh whether Trump’s meeting with China’s Xi Jinping next week (more on which later) will relieve some of the geopolitical tensions that have driven demand for the safest assets.

The Trump administration is pushing regulators to dramatically accelerate the process of allowing data centers to connect to power grids. That would help the president deliver on his AI ambitions, but clashes with concern that such complexes’ massive appetites for electricity drive up utility bills for neighboring residential neighborhoods. Check out our podcast on the topic.

Alaska Air says it’s resolved a significant IT outage that forced it to cancel hundreds of flights (for the second time in roughly three months), but disruptions are likely throughout the day. To make matters worse, the ill-timed stoppages coincided with the carrier releasing weaker-than-expected quarterly results. 

Deep Dive

Trump’s headed to Asia, with the centerpiece of his trip a Thursday meeting with Chinese counterpart Xi Jinping. Here’s what to expect.

Trump and Xi Meeting: What's at Stake?

The Big Take

An Alaska Native company started with a vision for how it could make a profit and do good. Then it became an ICE detention giant.

Listen to the Big Take Podcast

Opinion

Photographer: Edward Berthelot/Getty Images

You might want to rethink your weekend outfit. Vans are looking cooler than Adidas Sambas now, Andrea Felsted writes. The company still has a long way to go to catch the iconic three stripes, but the potential is there.

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