Bloomberg - Evening Briefing - Unmasking America

The U.S. Centers for Disease Control and Prevention had a very bad year last year. Starting with its central role in botched tests and delays that allowed the coronavirus to spread across America, to suspicions of manipulation by the Trump White House, the globally respected institution found itself besmirched by pandemic politics. On Monday, the embattled agency returned to center stage, taking its credibility under new management out for a spin with news Americans have been aching to hear. The CDC announced that vaccinated people (still by a far a minority due to the troubled rollout) can visit indoors with other vaccinated people sans masks, and with people who aren’t vaccinated if they are from a single household and low risk (good news for grandparents who had their shots and their kids or grandkids who are still waiting). The eagerly anticipated guidance comes as fear of a fourth infection wave simmers, thanks to still-high infection rates, spreading variants and a loosening of precautions by states that could, like last summer, turn out to be tragically premature. “Plateauing at a level of 60,000-70,000 new cases per day is not an acceptable level,” Dr. Anthony Fauci said Sunday of planned reopenings. “That is really very high.” David E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic globally and across America

Here are today’s top stories  

The more easily transmitted U.K. variant of Covid-19 has spread to 79% of Houston’s wastewater treatment plants, alarming city officials concerned about a new surge in infections. Similarly, Colorado has identified its first three cases of the South African virus variant at a state prison. In Europe, the Netherlands will extend its lockdown until the end of March. And the World Health Organization expressed concern that nations enmeshed in conflict, such as Myanmar, Yemen, Syria and Libya, face danger of a slow or halted response to the coronavirus. There have been at least 117 million infections worldwide and almost 2.6 million dead. Here’s the latest on the pandemic.

Any fourth wave aside, the U.S. is on course for an employment boom this year as restrictions ease and the economy reopens, according to Goldman Sachs. One caveat that millions of out-of-work Americans may want to ponder, however, is there’s a bigger mismatch between their skills and what employers want, since companies have been piling money into automation.

Temperatures in the Arctic Ocean were much warmer last month than the average for the past two decades. Scientists have linked this warming to extreme weather events elsewhere in the world, including the blast of cold air that swept deep into the U.S. south last month, causing an energy crisis in Texas.

Drifting ice on the Arctic Ocean north of Norway.

Photographer: Arterra/Universal Images Group Editorial

Tech shares plummeted again, sending the Nasdaq 100 Index down 11% from its all-time high, as investors fled high-valuation stocks. Here’s your markets wrap.

Obama-era Treasury Department official Michael Barr is no longer expected to be nominated by President Joe Biden to lead a regulator that oversees Wall Street’s biggest banks, thanks to fierce opposition from liberal Democrats.

A Brazil supreme court justice annulled former President Luiz Inacio Lula da Silva’s convictions in a corruption probe, clearing the way for the leftist leader, who has repeatedly denied wrongdoing and has said he’s a victim of political persecution, to run again for the nation’s top job. Markets there tumbled.

Supporters of imprisoned Brazil's former president Luiz Inacio Lula da Silva attend a rally in Brasilia in 2018. 

Photographer: NurPhoto

Sanjeev Gupta’s steel and aluminum empire told lender Greensill Capital that it faces insolvency without its financing. The impact of Greensill’s collapse on Gupta’s group of companies, known as GFG Alliance, which employs 35,000 people across 30 countries, has until now been unclear. But in a court filing Monday, Greensill said its largest customer by value has fallen into “severe financial difficulty.”

What you’ll need to know tomorrow 

What you’ll want to read in Bloomberg Wealth

Inside Wall Street’s $156 Billion SPAC Craze

What’s a SPAC you ask? This newest Wall Street craze has everything, from flying taxis to bikini GIFs and rappers with a taste for champagne. Once dismissed as sketchy Wall Street arcana, these publicly traded shells are created for one purpose: to merge with real businesses that actually make money. And as with other new, exciting, ever-expanding creations of the financial world, this bubble may be getting ready to pop.

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Pandemic land mines

Saturday, March 6, 2021

Bloomberg Follow Us Get the newsletter March has ushered in a wave of re-openings across the US, and Texas scrapped a requirement to wear masks. Commuting reached its highest level since the pandemic

Jamming it through

Friday, March 5, 2021

Bloomberg Follow Us Get the newsletter US Senate Majority Leader Chuck Schumer pledged the chamber will “power through” to get President Joe Biden's $1.9 trillion economic rescue plan over the

‘Repulsive’

Thursday, March 4, 2021

Bloomberg Follow Us Get the newsletter With the third US coronavirus bailout under consideration in the Senate, Democrats have released the updated version of the $1.9 trillion package that Majority

India’s strong shot

Wednesday, March 3, 2021

Bloomberg Follow Us Get the newsletter An Indian coronavirus vaccine that generated controversy when it was granted emergency approval before finishing its final stage of testing has been shown to

Merck jumps in

Tuesday, March 2, 2021

Bloomberg Follow Us Get the newsletter As variant storm clouds gather over a world battered by the coronavirus, some good news arrived for Americans when the White House announced Tuesday that Merck

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