STOCKS IN THIS STORY
(Bloomberg) --
Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your Tuesday started:
- Ultra-high net-worth individuals are raising their levels of cash as pessimism about the global economy spreads
- Japan and the U.S. have finished talks on a trade deal with no indication yet on how the two sides responded to President Donald Trump's threat to slap tariffs on the $50 billion in cars and parts shipped by Japan to the U.S. annually
- The Chinese government has given new waivers to several domestic state and private companies to buy U.S. soybeans without being subject to retaliatory tariffs
- The depth of divisions at the European Central Bank was thrown into sharper relief on Tuesday as Francois Villeroy de Galhau admitted he opposed the decision to restart quantitative easing
- Germany's manufacturing slump is dragging the economy closer to recession, with warnings continuing to pile up about the dire state of industry
- Bank of Japan Governor Haruhiko Kuroda expounded the virtues of negative interest rates Tuesday in comments that will keep market players on high alert that the central bank will take action in October
- There's a lot of brainstorming going on about central banks, and how they can work with governments to deliver a more powerful boost to economies next time a recession strikes. Just don't expect Europe to lead the way
- Finally, four years after Bank of England Governor Mark Carney delivered a warning shot on climate change, most major central banks -- with the exception of the Fed -- are joining forces to promote sustainable growth
To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss
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