Bloomberg - Evening Briefing - Sounding the alarm on stocks

Weekend Reading
Bloomberg

Some of Wall Street’s biggest names are sounding the alarm on stocks, while Fed Chairman Jerome Powell highlighted unprecedented risks to the U.S. economy and slammed the door on negative interest rates. Over in the Old World, Germany’s economy needed repair even before Covid-19 hit and the rift inside Europe is widening. Globally, the coronavirus has reinforced one financial truism: the dollar reigns supreme, and for once, President Donald Trump is delighted.

What you’ll want to read this weekend

Trump ramped up his election-year rhetoric against China, which has accused him of trying to deflect from his Covid-19 catastrophe at home. Beijing is pushing back against accusations it knew early on how infectious the disease is. Bloomberg Businessweek has a neat primer for what happens if Trump tests positive.

The same CEOs who cut millions of jobs are keeping their lofty bonuses. But for the super-rich, the pandemic is proving to be something of a tax nightmare.

The politics behind developing a vaccine are getting ugly, according to Bloomberg Opinion. Sanofi outraged the French government by suggesting the U.S. could get first dibs on its vaccine (if it finds one). Here’s how Gilead moved ahead of the competition on a treatment.

Bloomberg Businessweek reports on Sweden’s fraught decision to coexist with the coronavirus. Russia’s status as an epidemic hotspot is heaping more pressure on its impoverished citizens and baffling health experts, who wonder why so few deaths are being reported by President Vladimir Putin’s government.

From sewing in Britain to being a gym rat in China, here’s how Covid-19 is shifting human behavior. When bars finally reopen, you’ll probably need to use an app in advance just to grab a beer. It really looks like the living room bar is here to stay.

What you’ll need to know next week

What you’ll want to read in Bloomberg Hyperdrive

The State of the Self-Driving Car Race in 2020

There’s never been a better time for groceries or medicines to be delivered by an algorithm on wheels, though the economic fallout from the coronavirus pandemic will force some companies to scrap their research. One former GM executive likens the race to a marathon: We’re in mile 15 but the virus has put a massive hill in front of the field. Waymo is still the one to beat.

A Waymo vehicle during a demonstration in Chandler, Arizona.

Photographer: Caitlin O'Hara/NYTNS

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‘Controlled’ infections

Friday, May 15, 2020

Bloomberg Follow Us Get the newsletter A group of US East Coast states is coordinating the opening of beaches for Memorial Day weekend. Italy had the fewest new coronavirus cases in four days while the

America’s looming summer

Thursday, May 14, 2020

Bloomberg Follow Us Get the newsletter Repeated warnings, including a particularly grim one Thursday on Capitol Hill, have fallen on deaf ears as US cities and states move to lift stay-at-home orders

Sweden’s deadly experiment

Tuesday, May 12, 2020

Bloomberg Follow Us Get the newsletter Those who doubt the efficacy of shutdowns and mandated social distancing in slowing the spread of Covid-19 may want to look at the grim lesson learned by Sweden.

Global resurgence

Monday, May 11, 2020

Bloomberg Follow Us Get the newsletter Two or three Republican senators are “just about committed” to supporting a $500 billion bailout bill for states and counties hammered by the economic impact of

Worst downturn ever

Friday, May 8, 2020

Bloomberg Follow Us Get the newsletter In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April, and the unemployment rate more than tripled

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