Bloomberg - Evening Briefing - The crisis of our time

Weekend Reading
Bloomberg

Four months. More than 1 million people infected. The menace that is Covid-19 continues to ravage the world. Singapore will close schools and most workplaces, the U.S. is trying to rescue small businesses and the U.K.—a country passionate about its health system and whose prime minister remains in isolation—announced its deadliest day yet. When, and how, will it end?

Bloomberg is mapping the pandemic globally and across America. For the latest news, sign up for our Covid-19 podcast and daily newsletter.

What you’ll want to read this weekend

President Donald Trump shook up oil markets with a single tweet— “performance art,” Liam Denning calls it in Bloomberg Opinion. The OPEC+ cartel is pressing to form an unprecedented global coalition to cut production, but there’s another rift between Saudi Arabia and Russia.

The virus knows no borders as it spreads to the unhealthiest part of the U.S.: the South. Blue-collar America is braced for another recession, the barter economy is back and mortgage firms are teetering. A bleak jobs report for March is a harbinger of the deluge to come.

Supply lines know no borders either. There’s still a heap of food out there, but trucking bottlenecks are one reason it’s not getting from farm to table. Brazil’s coffee growers are worried they won’t have enough fieldhands for the harvest, and U.S. farmers are even dumping milk.

U.S. intelligence contends China concealed the extent of the outbreak in its country, three officials told Bloomberg. China says the Trump administration is trying to deflect from its own mistakes. Speaking out about a lack of gear can come at a high cost for America’s doctors, while a literal about-face on masks may be underway.

Colleges are dropping the SAT, law deans are proposing this year’s class be allowed to skip the bar and universities are stepping in to sustain local businesses. Bloomberg Businessweek has some tips for those parents moonlighting as home-school teachers. Remember the concept of limiting kids’ screen time? How quaint.

What you’ll need to know next week

What you’ll want to read in Bloomberg Pursuits

What Would Have Been 2020’s Hottest New Cars

The pandemic and its attendant recession may be the worst time to launch a car since, well, since we’ve had cars. Here are some of most needle-moving whips rolled out in years—all for a pre-coronavirus world. With would-be buyers now focused on the terrible crisis at hand, this is less a preview of automaker glory than a wistful look at what might have been.

Like Bloomberg’s Weekend Reading? Subscribe to Bloomberg.com. You’ll get our unmatched global news coverage and two premium daily newsletters, The Bloomberg Open and The Bloomberg Close, and much, much more. See our limited-time introductory offer.

Interested in the future of health care? Sign up for Bloomberg’s Prognosis . Get the latest news and analysis about the people, science and industries driving the medical economy, delivered to your mailbox weekly.

Download the Bloomberg app:  It’s available for iOS and Android.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.

 

 

    Older messages

    New York in crisis

    Saturday, April 4, 2020

    Bloomberg Follow Us Get the newsletter House Speaker Nancy Pelosi scaled back her ambitions for Congress's next coronavirus bailout package, abandoning an $800 billion infrastructure plan and other

    One million infected

    Thursday, April 2, 2020

    Bloomberg Follow Us Get the newsletter Just four months after surfacing in the Chinese city of Wuhan, the novel coronavirus has infected 1 million people across the globe. More than 51000 have died and

    Challenging China’s numbers

    Wednesday, April 1, 2020

    Bloomberg Follow Us Get the newsletter US intelligence agencies alleged in a secret report that China has concealed the true extent of its coronavirus infections and deaths, three officials who

    A record no one wants

    Tuesday, March 31, 2020

    Bloomberg Follow Us Get the newsletter The number of Americans seeking unemployment benefits may set a record for a second straight week, following last week's report of 3.28 million filings. The

    You Might Also Like

    🇨🇳 The US is out, China is in

    Tuesday, March 11, 2025

    Citigroup's forecast for US and Chinese stocks, Lego stacked bricks, and Boeing's investigation | Finimize Hi Reader, here's what you need to know for March 12th in 3:10 minutes. Citigroup

    The Under-the-Radar Threat to Your Retirement

    Tuesday, March 11, 2025

    Nearly half of older adults are burdened by bad debt ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

    15 Years Since We Bought Our Toxic Asset

    Tuesday, March 11, 2025

    In a new Planet Money plus episode, former Planet Money hosts David Kestenbaum and Chana Joffe-Walt look back at a pioneering series that sought to explain a major source of the 2008 financial crisis.

    👋 Investors ditched the S&P 500

    Monday, March 10, 2025

    The US president didn't rule out a recession, but TSMC eased some of investors' other worries | Finimize Hi Reader, here's what you need to know for March 11th in 3:07 minutes. TSMC's

    💳 Find a new credit card

    Monday, March 10, 2025

    Let's get those rewards ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

    Text and Telos

    Monday, March 10, 2025

    Plus! Diff Jobs; Scaling; Retail Investors; Comparative Advantage; Transaction Costs and Corporate Structure; DeepSeek Governance Text and Telos By Byrne Hobart • 10 Mar 2025 View in browser View in

    Longreads + Open Thread

    Saturday, March 8, 2025

    Personal Essays, Lies, Popes, GPT-4.5, Banks, Buy-and-Hold, Advanced Portfolio Management, Trade, Karp Longreads + Open Thread By Byrne Hobart • 8 Mar 2025 View in browser View in browser Longreads

    💸 A $24 billion grocery haul

    Friday, March 7, 2025

    Walgreens landed in a shopping basket, crypto investors felt pranked by the president, and a burger made of skin | Finimize Hi Reader, here's what you need to know for March 8th in 3:11 minutes.

    The financial toll of a divorce can be devastating

    Friday, March 7, 2025

    Here are some options to get back on track ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

    Too Big To Fail?

    Friday, March 7, 2025

    Revisiting Millennium and Multi-Manager Hedge Funds ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏