Here are three things people are talking about in the market this week.
A full-on disaster
Forty percent of sea level rise since 1992 has happened in just the past five years — a three-fold increase in pace, according to a comprehensive new study.
Read more about it in Nature.
What this means for you: Antarctica’s glaciers are massive enough to flood every coastal city on Earth. So it’s no exaggeration to say that what happens over the next few decades will determine the fate of not just Miami and Mumbai, but also the course of human history. If we’re lucky and quickly start cutting emissions, Antarctica’s glaciers might mostly remain in place.
Another big media merger
AT&T completed its acquisition of Time Warner Inc., just two days after a federal judge ruled against a Department of Justice attempt to block the deal.
Read about the whole deal at the NYPost.
What this means for you: Targeted ads like whoa. Prepare to be served ads on your TV that are influenced by your searches. In the merger announcement, AT&T said they "provide marketers with advanced advertising solutions using valuable customer insights from AT&T's TV, mobile and broadband services, combined with extensive ad inventory from Turner and AT&T's pay-TV services."
Cell phones and TVs don’t count
President Trump plans to put a 25 percent tariff on up to $50 billion of Chinese goods in response to alleged intellectual property theft.
Read the details on the Verge.
What this means for you: While this technically is a step in the right direction for the US manufacturing scene, it could take a while before we see any action there. The world has long depended on China for its cheap labor and facility access. Take it from someone who knows: "Ill-conceived trade actions that weaken the American economy, alienate allies and invite retaliation against American businesses, farmers, and ranchers, undermine our nation's ability to successfully confront China's unfair trade policies," the Senate Finance Committee chairman said.