📉 Breaking: Bridgewater, the world’s biggest hedge fund, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal scoops.
Situational awareness: WeWork said it's laying off 2,400 employees globally.
Fiona Hill arrives to testify. Photo: Matt McClain/The Washington Post via Getty Images
After seven public hearings with 12 witnesses over five days, the impeachment inquiry moves to a new stage: a public report and a handoff to the House Judiciary Committee, Axios' Alayna Treene reports.
What's next: House Intelligence Committee staffers have been drafting a report that they plan to deliver to Judiciary in the next few weeks that lays out their case for impeachment, sources tell Axios.
What we're hearing: Some Democrats on the Intelligence Committee want to continue investigating the president — on Ukraine and other matters — even after the inquiry is passed over to Judiciary.
Timing: Democratic members on the Intelligence Committee say they expect the impeachment inquiry to be handed off to Judiciary soon after Thanksgiving recess, if not immediately upon Congress' return in December.
House Democratic leaders still hope to vote on impeachment by the end of 2019.
How it's playing:
Go deeper: Yesterday's highlights.
One came from northeast England. Another came from the former Soviet Union. A third was born in Canada to parents who'd fled the Soviet Union and Nazi Germany, AP's Jill Colvin and Colleen Long write.
Fiona Hill, a former National Security Council official who testified yesterday, spoke in what she called a "very distinctive working-class" British accent that would have impeded her professional advancement at home:
Lt. Col. Alexander Vindman, an Army officer who works with the NSC, testified Tuesday that his family fled to the U.S. from the Soviet Union when he was 3.
Marie Yovanovitch, the former ambassador to Ukraine, immigrated to the U.S. at age 3 from Canada. Her father fled the Soviets, and her mother had grown up in Nazi Germany.
Gordon Sondland, the president's ambassador to the European Union, described at one point how his parents had fled Europe during the Holocaust, first moving to Uruguay and then settling in Seattle:
Illustration: Aïda Amer/Axios
Democrats are chasing two contradictory impulses in their quest to defeat President Trump: Tap into the party's affection for President Obama, but move past his policies.
Keep reading to see how the candidates are pushing past Obama on climate, immigration and foreign policy.
Photo: Amir Levy/Getty Images
Benjamin Netanyahu, facing indictments for bribery, fraud and breach of trust, is the first Israeli prime minister to face criminal charges, writes Axios contributor Barak Ravid.
What he's saying: Netanyahu denounced the charges as an "attempted coup" and a witch hunt, planning a public campaign against the attorney general, state prosecutors and the police.
Illustration: Aïda Amer/Axios
The tech industry was born largely union-free, but there are signs its long management-worker harmony may be ending, Axios managing editor Scott Rosenberg writes from S.F.
Companies big and small have been making headlines more commonly associated with old-line manufacturing firms:
Several factors are opening big cracks:
Illustration: Eniola Odetunde/Axios
Big retailers like Bed Bath and Beyond, Target, and TJX Brands are refusing to accept tariff price increases from their brand suppliers, telling the companies they will have to either eat the tariff costs or find another buyer, Axios' Dion Rabouin and Erica Pandey write.
The bottom line: The hard line by big players could be enough to shutter smaller retailers. Without tariff relief or the ability to pass on 10-25% price increases, some small businesses say they will likely have to close within a year or so.
Facebook "is discussing increasing the minimum number of people who can be targeted in political ads on its platform from 100 to a few thousand," writes the Wall Street Journal (subscription).
The big picture: Google announced this week that it would no longer allow political ad targeting that uses information inferred from users' search histories, while Twitter said last month that it would ban most political ads.
At the L.A. Auto Show, Tesla CEO Elon Musk unveiled the "cybertruck," an electric pickup truck that will cost $39,900+ and will be in production in 2021.
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