Good afternoon: Today's PM — edited by Justin Green — is 588 words, a 2.5 minute read.
Situational awareness: WeWork filed to raise $1 billion in an IPO, although the ultimate offering amount is expected to be at least 3x larger. Their financials.
A recession indicator has sounded the alarms on Wall Street and prompted a major market sell-off.
Why it matters: A recession has followed the last 5 times this happened, the AP reports.
What's next: Markets "tend to keep moving higher immediately following a yield-curve inversion," WSJ notes.
What they're saying:
The big picture: This is just one example of concerning indicators, as Axios Markets' Dion Rabouin notes.
The bottom line: Today's sell-off reconciled what has so far been conflicting sentiments between the bond and stock market, Axios' Courtenay Brown writes.
Today's sunrise from Germany's highest mountain, Zugspitze.
The great résumé revolution: "The stodgiest of business documents is in the midst of its most extreme makeover yet—whether employers want it or not," the WSJ reports.
Between the lines: "The flashy résumés are colliding with efforts by employers to strip down CVs to their most basic elements—coding skills, college degrees, work histories—to reduce bias in hiring."