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

Like Bloomberg’s Weekend Reading?  Subscribe to Bloomberg All Access and get much, much more. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.

Join Bloomberg New Economy Conversations: On May 19, Bloomberg New Economy Director Andy Browne will be joined by officials from the Bill & Melinda Gates Foundation and Mastercard, founding members of the Covid-19 Therapeutics Accelerator, an initiative designed to speed development and distribution of a vaccine. Browne will speak with Anita Zaidi, the Gates foundation’s director of vaccine development and surveillance, and Mike Froman, Mastercard’s vice chairman and president, Strategic Growth. Register now to join the conversation, on Tuesday at 10 a.m. EDT.

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

‘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

You Might Also Like

After inauguration, it's time to talk taxes

Wednesday, January 15, 2025

plus toad fashion + Post Malone ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Harry's Take 1-15-25 Stocks Look to Break Lower: Another Sign of a Top on December 16

Wednesday, January 15, 2025

Harry's Take January 15, 2025 Stocks Look to Break Lower: Another Sign of a Top on December 16 As we go into the new year, already with signs of a failed Santa Claus Rally and a failed first 5

🇺🇸 America's tariff future

Tuesday, January 14, 2025

A possible go-slow approach to tariffs, a spending worry for China, and the next obesity drugs | Finimize TOGETHER WITH Hi Reader, here's what you need to know for January 15th in 3:14 minutes. The

It’s a new year, get a new savings account

Tuesday, January 14, 2025

Earn more with high-yield options! ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Private Equity Is Coming for Your 401(k)

Tuesday, January 14, 2025

The industry wants in on Americans' $13 trillion in savings ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

This Skateboarding Economist Suggests We Need More Skateparks And Less Capitalism

Tuesday, January 14, 2025

A skateboarder presented an unusual paper at this year's big meeting of American economists. View this email online Planet Money Skateonomics by Greg Rosalsky “The Skateboarding Ethic and the

Elon Musk Dreams, Mode Mobile Delivers

Tuesday, January 14, 2025

Join the EarnPhone revolution ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Shaping inflation expectations: the effects of monetary policy

Tuesday, January 14, 2025

Natalie Burr In economic theory, expectations of future inflation are an important determinant of inflation, making them a key variable of interest for monetary policy makers. But is there empirical

🌎 Another hottest year

Monday, January 13, 2025

Global temperatures crossed a threshold, oil prices bubbled up, and crypto's AI agents | Finimize Hi Reader, here's what you need to know for January 14th in 3:06 minutes. Oil prices climbed

Have you seen the Best Cars & Trucks of 2025?

Monday, January 13, 2025

Get a quote and protect your new wheels with Amica Insurance ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌