🇺🇸 The Iowa caucuses devolved into political embarrassment, with no results announced after "inconsistencies" were discovered in reporting from some precincts. https://bloom.bg/2SfrByh
✈ The coronavirus outbreak has led 34 countries to impose travel restrictions. This is what happens when international law changes while you're in the air: https://bloom.bg/2OqwoM6
🍴 Citigroup suspended one of its senior traders after he allegedly stole from the company's cafeteria. https://bloom.bg/37XXsdE
✈ The coronavirus outbreak has led 34 countries to impose travel restrictions. This is what happens when international law changes while you're in the air: https://bloom.bg/2OqwoM6
🍴 Citigroup suspended one of its senior traders after he allegedly stole from the company's cafeteria. https://bloom.bg/37XXsdE
Bloomberg.com
Democrats Promise Iowa Results Tuesday in Bid to Save Caucus
Iowa Democrats will finally release most of the much-delayed results from their troubled caucuses by 5 p.m. Eastern Time on Tuesday, hoping to salvage the process after a disastrous night cast doubts on its key role in the presidential nominating process.
📱 Iowa Democrats said they identified a flaw in a phone application that caused a delay in reporting results of their presidential caucuses. They expect to announce a winner later on Tuesday: https://trib.al/NEBmdpK
🇺🇸 An “export boom” from the U.S. trade deal with China will be delayed because of the coronavirus outbreak, said White House economic adviser Larry Kudlow: https://trib.al/Di7Fq3H
📈 Tesla shares continue their eye-popping run, gaining another 14% at the start of trading today. The stock has already doubled this year: https://trib.al/juLVocF
🇺🇸 An “export boom” from the U.S. trade deal with China will be delayed because of the coronavirus outbreak, said White House economic adviser Larry Kudlow: https://trib.al/Di7Fq3H
📈 Tesla shares continue their eye-popping run, gaining another 14% at the start of trading today. The stock has already doubled this year: https://trib.al/juLVocF
🚘 Tesla's stock has gained 112% this year. That gives the electric-vehicle maker a market value greater than that of General Motors, Fiat Chrysler and Volkswagen combined. https://bloom.bg/2GVaGMj
🇺🇸 Donald Trump said he's building “the world’s most prosperous and inclusive society” in a triumphant State of The Union address delivered on the eve of his likely acquittal in the Senate’s impeachment trial. https://bloom.bg/2vISbZ1
🔒 China locked down at least 50 million people to stop the spread of the coronavirus. But did it work? https://bloom.bg/383Odsk
🇺🇸 Donald Trump said he's building “the world’s most prosperous and inclusive society” in a triumphant State of The Union address delivered on the eve of his likely acquittal in the Senate’s impeachment trial. https://bloom.bg/2vISbZ1
🔒 China locked down at least 50 million people to stop the spread of the coronavirus. But did it work? https://bloom.bg/383Odsk
😷 Hong Kong announced plans to quarantine travelers coming from mainland China as the death toll from the coronavirus outbreak climbed toward 500. https://bloom.bg/2OrzW0Y
🚗 Saudi Arabia's sovereign-wealth fund sold almost all of its Tesla shares before the stock's epic surge. https://bloom.bg/39b5HDq
♻ Wind turbine blades can't be recycled, so they're piling up in landfills. https://bloom.bg/383i303
🚗 Saudi Arabia's sovereign-wealth fund sold almost all of its Tesla shares before the stock's epic surge. https://bloom.bg/39b5HDq
♻ Wind turbine blades can't be recycled, so they're piling up in landfills. https://bloom.bg/383i303
Bloomberg
Wuhan Test Lab Opens; CDC Ships Diagnostic Kits: Virus Update
The World Health Organization pushed back against suggestions of imminent breakthroughs in the development of vaccines or treatments for the coronavirus. U.S. health officials began shipping kits that can test for the pathogen, and a large new testing lab…
🔴 The U.S. is preparing for what it sees as likely: a global coronavirus pandemic: https://bloom.bg/31DDlzb
🔄 Wind turbine blades are not recyclable. So they’re piling up in landfills: https://bloom.bg/2S0OFSA
🚘 The incredible six-day, 60% rally in Tesla that left many scratching their heads screeched to a halt. Analysts at Canaccord Genuity cut their rating on the stock to hold following an “electrifying run” on concerns that its Shanghai factory may struggle as China works to contain the coronavirus: https://bloom.bg/2Son2lt
🔄 Wind turbine blades are not recyclable. So they’re piling up in landfills: https://bloom.bg/2S0OFSA
🚘 The incredible six-day, 60% rally in Tesla that left many scratching their heads screeched to a halt. Analysts at Canaccord Genuity cut their rating on the stock to hold following an “electrifying run” on concerns that its Shanghai factory may struggle as China works to contain the coronavirus: https://bloom.bg/2Son2lt
🇨🇳 China has sacrificed a province to save the world from the coronavirus.
While cases have spread around the globe, the virus’s impact has been most keenly felt in Hubei, the landlocked region of 60 million people where it was first identified.
The toll is an ongoing illustration of the human cost exacted by the world’s largest-known quarantine, with the region effectively on lockdown to contain the virus’ spread. But Hubei, known for its car factories and bustling capital Wuhan, is paying the price — the mortality rate for coronavirus patients there is 3.1%, versus 0.16% for the rest of China.
Keep reading: https://bloom.bg/377LAoh
While cases have spread around the globe, the virus’s impact has been most keenly felt in Hubei, the landlocked region of 60 million people where it was first identified.
The toll is an ongoing illustration of the human cost exacted by the world’s largest-known quarantine, with the region effectively on lockdown to contain the virus’ spread. But Hubei, known for its car factories and bustling capital Wuhan, is paying the price — the mortality rate for coronavirus patients there is 3.1%, versus 0.16% for the rest of China.
Keep reading: https://bloom.bg/377LAoh
🇨🇳 China will halve tariffs on some $75 billion of imports from the U.S. later this month, likely satisfying part of the interim trade deal: https://trib.al/AYi6HxN
🇺🇸 Pete Buttigieg and Bernie Sanders were in a virtual tie in the Iowa caucuses early Thursday as the state’s Democratic Party continued to struggle with releasing long-delayed results: https://trib.al/GGvmsoM
💝 Until recently, Valentine’s Day was effectively banned in Saudi Arabia. Now, it's the unlikely source of premium dates, an unconventional and luxurious gift: https://trib.al/ggroVkW
🇺🇸 Pete Buttigieg and Bernie Sanders were in a virtual tie in the Iowa caucuses early Thursday as the state’s Democratic Party continued to struggle with releasing long-delayed results: https://trib.al/GGvmsoM
💝 Until recently, Valentine’s Day was effectively banned in Saudi Arabia. Now, it's the unlikely source of premium dates, an unconventional and luxurious gift: https://trib.al/ggroVkW
💲 Jeff Bezos is on a selling spree. His sales of Amazon stock in the past week total $3.45 billion — but the company's share prices has ticked higher regardless. https://bloom.bg/2GZcm7u
🇯🇵 Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000. Read the latest updates on the virus here: https://bloom.bg/2He5GTj
✈️ Boeing has discovered a new software problem on the grounded 737 Max, but the company said the flaw won’t set back its goal of returning the plane to service in mid-2020. https://bloom.bg/2UyDtyq
🇯🇵 Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000. Read the latest updates on the virus here: https://bloom.bg/2He5GTj
✈️ Boeing has discovered a new software problem on the grounded 737 Max, but the company said the flaw won’t set back its goal of returning the plane to service in mid-2020. https://bloom.bg/2UyDtyq
Credit Suisse CEO Tidjane Thiam was ousted in the wake of a spying scandal that rocked the Swiss establishment. https://bloom.bg/2uqB4uR
The death of a 34-year-old doctor who warned of the risks of the coronavirus has unleashed a wave of fury that is sparking a rare crisis of confidence in China. https://bloom.bg/378A0Je
Donald Trump berated Boris Johnson during a heated phone call, after the British prime minister rejected the U.S. president's request to ban Huawei from the U.K.'s next-generation broadband networks. https://bloom.bg/3750Emn
The death of a 34-year-old doctor who warned of the risks of the coronavirus has unleashed a wave of fury that is sparking a rare crisis of confidence in China. https://bloom.bg/378A0Je
Donald Trump berated Boris Johnson during a heated phone call, after the British prime minister rejected the U.S. president's request to ban Huawei from the U.K.'s next-generation broadband networks. https://bloom.bg/3750Emn
Bloomberg.com
Credit Suisse CEO Thiam Ousted in Board’s Damage-Control Bid
Credit Suisse Group AG ousted Chief Executive Officer Tidjane Thiam, a move that the bank’s chairman called an attempt to fix its reputation after a damaging spying scandal.
📈 The coronavirus's outbreak in Wuhan may reach its peak in the coming weeks, according to preliminary modeling. By that time, at least 1 in 20 people in the city could potentially be infected, the data suggest. https://bloom.bg/31LEkNB
💸 And a onetime billionaire (and brother of Asia’s richest man) says he’s now worth nothing. https://bloom.bg/2Hbrr5U
💸 And a onetime billionaire (and brother of Asia’s richest man) says he’s now worth nothing. https://bloom.bg/2Hbrr5U
The death toll from the coronavirus outbreak reached 910, higher than during SARS, as Britain reported four more cases and warned of a serious, imminent threat to public health. https://bloom.bg/2OGZsPM
The race to lead Germany was thrown wide open when Annegret Kramp-Karrenbauer announced that she will step down as leader of Angela Merkel's CDU. https://bloom.bg/2HcwumC
Turkey sent hundreds of tanks, armored personnel carriers and commandos to the neighboring Syrian province of Idlib. https://bloom.bg/37kdL3q
The race to lead Germany was thrown wide open when Annegret Kramp-Karrenbauer announced that she will step down as leader of Angela Merkel's CDU. https://bloom.bg/2HcwumC
Turkey sent hundreds of tanks, armored personnel carriers and commandos to the neighboring Syrian province of Idlib. https://bloom.bg/37kdL3q
Bloomberg
Mortality Estimate at 1%; Canadian Economy Toll: Virus Update
The death toll from the coronavirus outbreak reached 910, higher than during SARS, and one estimate put the mortality rate from the disease at 1%. Britain reported four more cases, warned of an imminent threat to public health and tightened quarantine rules.…
🇺🇸 The U.S. announced charges Monday against four members of China’s military for hacking into Equifax in 2017: https://bloom.bg/39lZWm9
🎥 South Korean film “Parasite” had a major night at the Academy Awards, taking home several awards, including best picture. The shock win could mark a watershed moment for the country's entertainment industry: https://bloom.bg/38fVqWp
🏭 Chinese-based manufacturers began to restart factories, but no one knows for sure when they’ll be back at full-speed -- or what sort of chaos may ensue because of coronavirus: https://bloom.bg/2tLYACj
🎥 South Korean film “Parasite” had a major night at the Academy Awards, taking home several awards, including best picture. The shock win could mark a watershed moment for the country's entertainment industry: https://bloom.bg/38fVqWp
🏭 Chinese-based manufacturers began to restart factories, but no one knows for sure when they’ll be back at full-speed -- or what sort of chaos may ensue because of coronavirus: https://bloom.bg/2tLYACj
Bloomberg
U.S. Charges Four Chinese Military Members Over Equifax Hack
The Department of Justice announced charges Monday against four members of China’s People’s Liberation Army for the 2017 hack of Equifax Inc., a breach that exposed the personal information of about 145 million Americans.
🛳 What happens when the coronavirus runs rampant on a cruise ship? Keeping it from spreading on land is hard enough. At sea, it’s a whole different challenge. https://bloom.bg/39q7XXy
🇸🇬 Meanwhile, one country is winning praise for its approach to the virus as the rest of Asia panics. Public health experts say Singapore is providing a model for others to reduce rumors and conspiracy theories. https://bloom.bg/2SflKdx
🇺🇸 And a new poll shows Bernie Sanders overtaking Joe Biden in first place in the Democratic presidential race, with Michael Bloomberg surging to third place on a wave of advertising. https://bloom.bg/31KrfUA
🇸🇬 Meanwhile, one country is winning praise for its approach to the virus as the rest of Asia panics. Public health experts say Singapore is providing a model for others to reduce rumors and conspiracy theories. https://bloom.bg/2SflKdx
🇺🇸 And a new poll shows Bernie Sanders overtaking Joe Biden in first place in the Democratic presidential race, with Michael Bloomberg surging to third place on a wave of advertising. https://bloom.bg/31KrfUA
A coronavirus-free cruise ship is running out of options for docking after being rejected by four different nations. https://bloom.bg/39nrIyO
The U.K. will need to go further than Canada in its commitments to the European Union if it wants to trade without tariffs and quotas, European Commission President Ursula von der Leyen warned. https://bloom.bg/3bpSkkt
Airbus unveiled a model of a new falcon-like jet with rear-mounted twin engines that looks like something from Star Wars. https://bloom.bg/2UJrazo
The U.K. will need to go further than Canada in its commitments to the European Union if it wants to trade without tariffs and quotas, European Commission President Ursula von der Leyen warned. https://bloom.bg/3bpSkkt
Airbus unveiled a model of a new falcon-like jet with rear-mounted twin engines that looks like something from Star Wars. https://bloom.bg/2UJrazo
Bloomberg.com
Cruise Ship Rejected by Five Ports Runs Out of Options
The 2,257 passengers and crew onboard the Westerdam luxury liner are in limbo once again after Thailand became the latest country to turn the ship away from its ports, leaving guests desperate to disembark after almost two weeks at sea.
😷 Federal Reserve Chairman Jerome Powell said the U.S. central bank is keeping a close eye on fallout from the deadly coronavirus outbreak in China: https://bloom.bg/2uAw5HW
📱 T-Mobile is poised to close its long-sought merger with Sprint, a deal that will reshape the U.S. wireless industry: https://bloom.bg/2w93x92
💰 U.S. household debt exceeded $14 trillion for the first time: https://bloom.bg/2Hgyp9K
📱 T-Mobile is poised to close its long-sought merger with Sprint, a deal that will reshape the U.S. wireless industry: https://bloom.bg/2w93x92
💰 U.S. household debt exceeded $14 trillion for the first time: https://bloom.bg/2Hgyp9K
📱 When Apple adds three cameras, Samsung steps up to four. The Korean company announced the upgrade to its Galaxy S20 family (the 6.9-inch Ultra model starts at an eye-watering $1,399.99) along with a Galaxy Z Flip foldable phone. https://bloom.bg/3boEMpo
💰 Five hedge fund heads made more than $1 billion each last year as the industry grappled with closures and mediocre returns. https://bloom.bg/38kZWmu
💊 The first companies developing medical treatments from psychedelic drugs like LSD, ketamine and the active ingredient in magic mushrooms are gearing up to go public. For those who are still getting used to legal marijuana, the idea of publicly traded companies working with these drugs may sound a bit… out there. https://bloom.bg/3bFkici
💰 Five hedge fund heads made more than $1 billion each last year as the industry grappled with closures and mediocre returns. https://bloom.bg/38kZWmu
💊 The first companies developing medical treatments from psychedelic drugs like LSD, ketamine and the active ingredient in magic mushrooms are gearing up to go public. For those who are still getting used to legal marijuana, the idea of publicly traded companies working with these drugs may sound a bit… out there. https://bloom.bg/3bFkici
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🇮🇹 Italy is facing its worst demographic crisis since World War I. https://bloom.bg/37mrGWC
📉 Trust in President Vladimir Putin has fallen to its lowest level in two years as Russians continue to experience a lack of economic improvement, a survey shows. https://bloom.bg/31LdhSs
📉 Trust in President Vladimir Putin has fallen to its lowest level in two years as Russians continue to experience a lack of economic improvement, a survey shows. https://bloom.bg/31LdhSs
Bloomberg.com
Italy Is Facing the Worst Demographic Crisis Since World War I
Italy isn’t just in an economic slump, its population is also sagging, pushing the country into its biggest demographic crisis in more than a century.
Breaking: China’s Hubei province reported a staggering 14,840 new coronavirus cases after revising its methodology to review past suspected infections.
The death toll rose by 242, of which 135 cases were from the new method of diagnosis, which adds those that were confirmed via imaging scans.
Find out more: https://bloom.bg/2HggjEY
The death toll rose by 242, of which 135 cases were from the new method of diagnosis, which adds those that were confirmed via imaging scans.
Find out more: https://bloom.bg/2HggjEY
🇬🇧 U.K. Prime Minister Boris Johnson fired five senior ministers in a cull of his cabinet. https://bloom.bg/31QeGqT
💰 The number of people retiring as millionaires reached record levels last quarter, fueled by higher savings rates along with market appreciation. https://bloom.bg/3bsHni6
💷 An extra £18.6 million is needed to repair iconic London landmark Big Ben, after the discovery of asbestos, pollution and extensive Second World War bomb damage. https://bloom.bg/2SKsQGd
💰 The number of people retiring as millionaires reached record levels last quarter, fueled by higher savings rates along with market appreciation. https://bloom.bg/3bsHni6
💷 An extra £18.6 million is needed to repair iconic London landmark Big Ben, after the discovery of asbestos, pollution and extensive Second World War bomb damage. https://bloom.bg/2SKsQGd
Bloomberg.com
Economic Policy in Disarray After Javid Quits: U.K. Reshuffle
Sajid Javid quit as Chancellor of the Exchequer following a row with Boris Johnson, sending the prime minister’s Cabinet reshuffle off course and raising questions over U.K. economic policy.
😷 What you need to know about the shocking 45% jump in China's Hubei province coronavirus cases: https://bloom.bg/39Aq6lx
🚗 Tesla is selling about $2 billion of common stock, taking advantage of its surging shares just two weeks after Elon Musk said raising capital didn’t make sense: https://bloom.bg/2UMblYq
🍌Take a first look inside Amazon’s new grocery store concept in Los Angeles: https://bloom.bg/2OQOhnI
🚗 Tesla is selling about $2 billion of common stock, taking advantage of its surging shares just two weeks after Elon Musk said raising capital didn’t make sense: https://bloom.bg/2UMblYq
🍌Take a first look inside Amazon’s new grocery store concept in Los Angeles: https://bloom.bg/2OQOhnI