Bloomberg - Evening Briefing - Trump infection fallout

Weekend Reading
Bloomberg

President Donald Trump tested positive for the coronavirus. The diagnosis, which has placed a large number of White House staffers and others at risk, is likely to reshape the final month of an already unprecedented presidential campaign. Trump kept meeting with other people instead of quarantining after learning an aide had been infected. According to Bloomberg Opinion columnist Timothy L. O’Brien, Trump has failed to protect America, and himself.

What you’ll want to read this weekend

The U.S. added fewer jobs than forecast in September and many Americans quit looking for work. Disney, American Airlines and Goldman Sachs all announced job cuts. For women, the pandemic has erased years of economic progress.

Trump’s paltry tax payments, which set off a firestorm this week, were hardly unique: the wealthy have endless ways to game the system. And as central banks slash interest rates to prop up the global economy, banks are letting the super-rich borrow cheaply.

Among the cities most at risk of a housing-market bubble are Munich, Toronto and Hong Kong, while Prague’s communist-era concrete apartments are thriving again. Some Manhattan landlords are luring tenants with free rent until next year. 

For many young Americans, the pandemic is a perfect time to go on a road trip, but New Yorkers should think twice before buying a car. Meanwhile, residents of crowded Hong Kong are seeking solitude on the city’s numerous jungle trails.

In the rarefied world of premium Japanese beef, one cut, at $45 an ounce, stands above the rest. For a more affordable indulgence, though, consider baking a chocolate banana cookie.

What you’ll need to know next week

What you’ll want to read in Businessweek

Better, Faster Testing Is Path to U.S. Comeback

If Americans want to safely send kids to school, eat in a cafe, go to a basketball game or get on a plane, the U.S. needs to test a lot more people a lot faster. The problem of testing has attracted new focus, new thinking, and new money. Those debates are particularly vital now. 

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Trump heads to hospital

Friday, October 2, 2020

Bloomberg Follow Us Get the newsletter Traders have been warning of market volatility for some time now, what with the faltering global economy, a lack of a second US bailout package and the potential

Falling income

Thursday, October 1, 2020

Bloomberg Follow Us Get the newsletter Fewer Americans than expected sought unemployment benefits last week as Initial jobless claims decreased by 36000 to 837000, according to the Trump administration

Firing season

Wednesday, September 30, 2020

Bloomberg Follow Us Get the newsletter October promises not only rising coronavirus infection rates, but a new tsunami of job losses all over the globe. Airlines are preparing to lay off tens of

Debating disaster

Tuesday, September 29, 2020

Bloomberg Follow Us Get the newsletter Global confirmed coronavirus fatalities now exceed 1 million, and a dark turn in US hospitalizations may mean more death and illness this winter for the nation

Buying opportunity

Monday, September 28, 2020

Bloomberg Follow Us Get the newsletter Banks led the S&P 500 to its biggest gain in two weeks on Monday as investors found bargains after last week's unpleasantness. More than 10 stocks were

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