🇺🇸 Joe Biden reopened a path to the Democratic nomination that was out of reach a few days ago. https://bloom.bg/2x9GiMA
😷 Europe is working to contain the coronavirus outbreak, as the number of confirmed cases continues to rise. https://bloom.bg/2vFbgvv
🏠 Switzerland's negative interest rates make owning a home increasingly unaffordable, according to Credit Suisse. https://bloom.bg/2Tkdo54
😷 Europe is working to contain the coronavirus outbreak, as the number of confirmed cases continues to rise. https://bloom.bg/2vFbgvv
🏠 Switzerland's negative interest rates make owning a home increasingly unaffordable, according to Credit Suisse. https://bloom.bg/2Tkdo54
Bloomberg.com
Biden Reopens Path to Nomination That Was Out of Reach Days Ago
Democrats have waited three years for a winner to call their own and take on President Donald Trump. On Super Tuesday, Joe Biden laid his claim to becoming their champion.
🇺🇸 The race for the Democratic presidential nomination has tightened further. Here’s where things stand after Super Tuesday: https://bloom.bg/3arOWEp
📍Just 29% of the U.S. workforce is equipped to work from home, leaving many in limbo in case of a coronavirus outbreak: https://bloom.bg/2IwIdxj
🚗 General Motors unveiled plans to roll out an EV for every one of its brands starting this year, vowing they’ll make money and boast top-end range better than any Tesla model currently on the market: https://bloom.bg/32XzsWo
📍Just 29% of the U.S. workforce is equipped to work from home, leaving many in limbo in case of a coronavirus outbreak: https://bloom.bg/2IwIdxj
🚗 General Motors unveiled plans to roll out an EV for every one of its brands starting this year, vowing they’ll make money and boast top-end range better than any Tesla model currently on the market: https://bloom.bg/32XzsWo
✈️ Inadequate cleaning on a Qantas plane may have exposed workers and passengers to the coronavirus, according to a workplace safety watchdog. An inspector "observed workers wiping over multiple tray tables with the same wet cloth with no disinfectant and cleaning unknown liquids on floors and surfaces," the notice said. https://bloom.bg/2VK5EL7
🦠 A scientist who’s been chasing viruses for decades may hold the key to a coronavirus cure. He’s racing for answers in a windowless, locked-down lab in a secret location in North Carolina. https://bloom.bg/2uYyVa6
📱 You might run into trouble getting a replacement iPhone if yours is damaged. Apple recently warned retail employees about shortages for as long as two to four weeks. https://bloom.bg/3ctQqQl
🦠 A scientist who’s been chasing viruses for decades may hold the key to a coronavirus cure. He’s racing for answers in a windowless, locked-down lab in a secret location in North Carolina. https://bloom.bg/2uYyVa6
📱 You might run into trouble getting a replacement iPhone if yours is damaged. Apple recently warned retail employees about shortages for as long as two to four weeks. https://bloom.bg/3ctQqQl
💉 Here's what doctors in Wuhan who are treating Covid-19 patients told us about the coronavirus. https://bloom.bg/3cx40Ct
🚨 A fresh standoff between Vladimir Putin and Recep Tayyip Erdogan is testing the fragile alliance that has allowed Russia and Turkey to work together in the Middle East. https://bloom.bg/39BGbrD
💰 Find out how a crooked banker tapped professionals to manage a web of dirty money. https://bloom.bg/2TCTgdq
🚨 A fresh standoff between Vladimir Putin and Recep Tayyip Erdogan is testing the fragile alliance that has allowed Russia and Turkey to work together in the Middle East. https://bloom.bg/39BGbrD
💰 Find out how a crooked banker tapped professionals to manage a web of dirty money. https://bloom.bg/2TCTgdq
Bloomberg.com
What Doctors Treating Covid-19 in Wuhan Say About Coronavirus
As the new coronavirus epidemic spreads across the globe, experts are turning to findings from China, where it originated, to better understand the disease. Since January, doctors at the outbreak’s epicenter in Wuhan have been studying the virus whose effects…
🔴 The Trump administration won’t meet its promised timeline of having a million coronavirus tests available by the end of the week: https://bloom.bg/2IopP9u
🚘 There’s only one bright spot in the brutal car market, and that’s electric vehicles: https://bloom.bg/2TIY2Gf
📊 Coronavirus rocks U.S. markets again. The S&P 500 fell 2.4% at the open of trading— giving up over half of Wednesday’s gains: https://bloom.bg/39p8Wra
🚘 There’s only one bright spot in the brutal car market, and that’s electric vehicles: https://bloom.bg/2TIY2Gf
📊 Coronavirus rocks U.S. markets again. The S&P 500 fell 2.4% at the open of trading— giving up over half of Wednesday’s gains: https://bloom.bg/39p8Wra
🔬 Beating the coronavirus faces long odds. Still, there is hope: China quickly provided the virus's genetic sequence, giving other researchers a faster start in the hunt for treatments and vaccines. https://bloom.bg/2VOxplW
🍴 The outbreak is turning one luxury treat — lobsters — into a more affordable meal. U.S. prices plummeted after top buyer China halted shipments. https://bloom.bg/39onl70
🔱 Gold is heading for the biggest weekly gain since 2016, proving it's an effective haven. Goldman says the metal has virus immunity. https://bloom.bg/3auNTDD
🍴 The outbreak is turning one luxury treat — lobsters — into a more affordable meal. U.S. prices plummeted after top buyer China halted shipments. https://bloom.bg/39onl70
🔱 Gold is heading for the biggest weekly gain since 2016, proving it's an effective haven. Goldman says the metal has virus immunity. https://bloom.bg/3auNTDD
Bloomberg
The Search for New Drugs for Coronavirus Faces Long Odds
Drugmakers must defeat a long history of failures and false starts in epidemics
Even the world's top infectious-disease specialists still aren't sure how lethal a threat the coronavirus presents. https://bloom.bg/2wvAw7N
It's time to really worry about the impact the virus will have on global markets, according to the manager of a peer-beating fund. https://bloom.bg/32WYC7t
From tea boy to tattooed trader: A secret tipster's life and death. https://bloom.bg/38oIyMJ
It's time to really worry about the impact the virus will have on global markets, according to the manager of a peer-beating fund. https://bloom.bg/32WYC7t
From tea boy to tattooed trader: A secret tipster's life and death. https://bloom.bg/38oIyMJ
Bloomberg.com
Coronavirus’s True Lethal Power Still Eludes Disease Experts
Even the world’s top infectious-disease specialists still aren’t sure how lethal a threat the coronavirus presents.
🚫 OPEC+ talks ended in dramatic failure, auguring the end of an alliance between Saudi Arabia and Russia that has underpinned crude prices and changed the balance of power in the Middle East: https://bloom.bg/2ImCqdz
📝 Donald Trump signed a $7.8 billion emergency coronavirus spending bill on Friday after the number of infections continued to rise and stocks tumbled: https://bloom.bg/38wagHq
📉 The coronavirus is going global, and it could bring the world economy to a standstill: https://bloom.bg/2vItxrO
📝 Donald Trump signed a $7.8 billion emergency coronavirus spending bill on Friday after the number of infections continued to rise and stocks tumbled: https://bloom.bg/38wagHq
📉 The coronavirus is going global, and it could bring the world economy to a standstill: https://bloom.bg/2vItxrO
It’s the start of another wild week in markets:
🛢 Oil crashed more than 30% in an all-out price war, with prices sliding the most since the Gulf War in 1991.
📉 Stocks plunged while bonds and currencies moved wildly. Sudden moves in the Australian dollar and the yen left traders struggling to establish where new trading ranges might be.
⬇ U.S. stock futures tumbled, pointing to a rough open.
Get the latest: https://bloom.bg/3aDFIVF
🛢 Oil crashed more than 30% in an all-out price war, with prices sliding the most since the Gulf War in 1991.
📉 Stocks plunged while bonds and currencies moved wildly. Sudden moves in the Australian dollar and the yen left traders struggling to establish where new trading ranges might be.
⬇ U.S. stock futures tumbled, pointing to a rough open.
Get the latest: https://bloom.bg/3aDFIVF
📉 What started with the biggest oil-price collapse since 1991 is shaping up to be one of the wildest days in years for global markets. https://bloom.bg/337oI7J
💰 Even before today, financial conditions were tightening at the fastest pace since the 2008 crisis. https://bloom.bg/331gDkU
🚨 Meanwhile, Pimco's global chief economic adviser warned the worst is yet to come for the global economy—with the U.S. and Europe facing the "distinct possibility" of a recession. https://bloom.bg/2TUlRe6
💰 Even before today, financial conditions were tightening at the fastest pace since the 2008 crisis. https://bloom.bg/331gDkU
🚨 Meanwhile, Pimco's global chief economic adviser warned the worst is yet to come for the global economy—with the U.S. and Europe facing the "distinct possibility" of a recession. https://bloom.bg/2TUlRe6
Bloomberg.com
Historic Day in Markets Has Traders Rethinking What’s Possible
What started with the biggest oil-price collapse since 1991 is shaping up to be one of the wildest days in years for global markets.
📉 U.S. stocks plunged more than 5%, whipsawing back from losses that topped 7% and triggered a trading halt. The S&P 500 is now down about 18% from its Feb. 19 all-time high: https://bloom.bg/3aDQdII
⬇ The last time U.S. stocks triggered the 7% circuit breaker, on Dec. 1, 2008, the S&P 500 ended the day down 8.9%: https://bloom.bg/2xoVvJN
💰🚫 A supply-driven drop in oil prices would normally be a positive for global growth, cutting costs for businesses and putting more money in consumers’ pockets. This time, that might not be the case: https://bloom.bg/2TE824R
⬇ The last time U.S. stocks triggered the 7% circuit breaker, on Dec. 1, 2008, the S&P 500 ended the day down 8.9%: https://bloom.bg/2xoVvJN
💰🚫 A supply-driven drop in oil prices would normally be a positive for global growth, cutting costs for businesses and putting more money in consumers’ pockets. This time, that might not be the case: https://bloom.bg/2TE824R
💰 Jack Ma just toppled Mukesh Ambani as Asia’s richest man. With markets in freefall, the Indian energy tycoon’s net worth plunged $5.8 billion in a single day.
While the coronavirus has curtailed some of Alibaba’s businesses, the damage has been alleviated by increased demand for its cloud computing services and mobile apps.
Ambani’s Reliance Industries has no such silver lining. Read more: https://bloom.bg/2TzD0Lc
And see the full Bloomberg Billionaires Index here: https://bloom.bg/38En1js
While the coronavirus has curtailed some of Alibaba’s businesses, the damage has been alleviated by increased demand for its cloud computing services and mobile apps.
Ambani’s Reliance Industries has no such silver lining. Read more: https://bloom.bg/2TzD0Lc
And see the full Bloomberg Billionaires Index here: https://bloom.bg/38En1js
⛽ Saudi Arabia escalated its oil price war with Russia, with its state-owned company pledging a massive production hike to flood the market. https://bloom.bg/2TEzAqL
📈 Stocks rallied in a partial recovery from the deepest one-day equity rout since the financial crisis. https://bloom.bg/38EjS3d
🇮🇹 The Italian government is negotiating with banks to provide breaks from mortgage payments, as individuals and businesses are hit by a nationwide lockdown to contain the coronavirus. https://bloom.bg/335wRcV
📈 Stocks rallied in a partial recovery from the deepest one-day equity rout since the financial crisis. https://bloom.bg/38EjS3d
🇮🇹 The Italian government is negotiating with banks to provide breaks from mortgage payments, as individuals and businesses are hit by a nationwide lockdown to contain the coronavirus. https://bloom.bg/335wRcV
Bloomberg.com
Saudis Escalate Price War With Huge Output Hike, Russia Follows
Saudi Arabia escalated its oil price war with Russia on Tuesday, as its state-owned company pledged to supply a record 12.3 million barrels a day next month, a massive increase to flood the market.
💰 U.S. stocks rebounded from the worst selloff since the financial crisis, though gains began to fade on questions over the timing for stimulus promised by the Trump administration to combat the impact of coronavirus: https://bloom.bg/3cPeSf9
🤝 Handshakes and hugs are a big part of the U.S. presidential primary campaign trail…and they don’t appear to be going anywhere anytime soon: https://bloom.bg/2xu68ex
✈️ Delta and American Airlines withdrew their 2020 financial forecasts and plan to cut back on flying as they grapple with a rapid decline in travel demand: https://bloom.bg/2wNpuKV
🤝 Handshakes and hugs are a big part of the U.S. presidential primary campaign trail…and they don’t appear to be going anywhere anytime soon: https://bloom.bg/2xu68ex
✈️ Delta and American Airlines withdrew their 2020 financial forecasts and plan to cut back on flying as they grapple with a rapid decline in travel demand: https://bloom.bg/2wNpuKV
Bloomberg.com
U.S. Stocks Rebound on Hopes for Broad Stimulus: Markets Wrap
U.S. stocks rebounded from the worst rout since the financial crisis on speculation the Trump administration and other governments will deliver stimulus to combat the effects of the spreading coronavirus. Haven assets from the yen to Treasuries slumped.
〰 Volatility continued to grip markets. U.S. futures retreated with Treasury yields. Asia stocks were mixed and oil surged with no clear trigger. https://bloom.bg/38Jd7gm
🍀 St. Patrick’s Day—the March 17 holiday known for green garb and beer—will be a major test of how hard the coronavirus will hit America’s $13 trillion consumer economy. https://bloom.bg/2TENZ61
💻 Meanwhile, China's tech industry, already notorious for long hours, is ramping up overtime during the virus outbreak. Telecommuting workers are now expected to be on call 24/7, with regular check-ins to ensure they’re not slacking off. https://bloom.bg/3aLJe0s
🍀 St. Patrick’s Day—the March 17 holiday known for green garb and beer—will be a major test of how hard the coronavirus will hit America’s $13 trillion consumer economy. https://bloom.bg/2TENZ61
💻 Meanwhile, China's tech industry, already notorious for long hours, is ramping up overtime during the virus outbreak. Telecommuting workers are now expected to be on call 24/7, with regular check-ins to ensure they’re not slacking off. https://bloom.bg/3aLJe0s
Bloomberg.com
U.S. Stocks Tumble With Trump Stimulus Missing: Markets Wrap
Virus-fomented turmoil continued to rattle global financial markets, with U.S. stocks plunging and Treasuries rallying as investors await details of a policy response from the Trump administration.
💶 Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, warned ECB President Christine Lagarde. https://bloom.bg/2W2lLnB
✂ The Bank of England announced its first emergency interest-rate cut since the financial crisis, aimed at preventing the virus from crippling the U.K. economy. https://bloom.bg/2TVmBQr
🇬🇧 Britain's strategy to beat the virus? Keep calm and wash your hands. https://bloom.bg/2W4utlm
✂ The Bank of England announced its first emergency interest-rate cut since the financial crisis, aimed at preventing the virus from crippling the U.K. economy. https://bloom.bg/2TVmBQr
🇬🇧 Britain's strategy to beat the virus? Keep calm and wash your hands. https://bloom.bg/2W4utlm
Bloomberg.com
ECB’s Lagarde Warns of 2008-Style Crisis Unless Europe Acts
European Central Bank President Christine Lagarde said Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, and signaled that her institution will take steps as soon as Thursday.
⬇ A key measure of U.S. consumer prices rose in February by the most in five months: https://bloom.bg/2WaU0sO
📉 Turmoil continued to rattle global financial markets. The S&P 500 sank 3.4%, wiping out more than half of Tuesday’s surge: https://bloom.bg/2W2OM2v
🇺🇸 Joe Biden has opened an all-but-insurmountable lead over Bernie Sanders in the race for the U.S. Democratic presidential nomination: https://bloom.bg/2TV1Bcl
📉 Turmoil continued to rattle global financial markets. The S&P 500 sank 3.4%, wiping out more than half of Tuesday’s surge: https://bloom.bg/2W2OM2v
🇺🇸 Joe Biden has opened an all-but-insurmountable lead over Bernie Sanders in the race for the U.S. Democratic presidential nomination: https://bloom.bg/2TV1Bcl
BREAKING: President Donald Trump announced a temporary ban on all travel from Europe to the U.S. for the next 30 days, effective from Friday. The U.K. was exempted.
It's the Trump administration's most far-reaching measure yet in the fight to combat the coronavirus pandemic. https://bloom.bg/3aYXAuD
It's the Trump administration's most far-reaching measure yet in the fight to combat the coronavirus pandemic. https://bloom.bg/3aYXAuD
Bloomberg
Trump Says He’s Restricting Travel From Europe for 30 Days
President Donald Trump said he will significantly restrict travel from Europe to the U.S. for the next 30 days, the most far-reaching measure yet in the administration’s efforts to combat the spread of coronavirus.
🔔 The coronavirus outbreak was finally declared a pandemic by the WHO. The pathogen has continued its disruptive spread, now infecting famous names including Tom Hanks, his wife, Rita Wilson, and an NBA player. https://bloom.bg/2TRugyU
📉 U.S. and European equity futures tumbled, Asian stocks sank and emerging-market currencies slid after Trump's stimulus address brought investors little confidence. https://bloom.bg/2IGdVrK
💿 Meanwhile, Amazon wants to wean Japan off its addiction to CDs. That, along with DVDs and vinyl, comprise 71% of the Asian country's music sales compared to just a quarter worldwide. https://bloom.bg/2xwlW0e
📉 U.S. and European equity futures tumbled, Asian stocks sank and emerging-market currencies slid after Trump's stimulus address brought investors little confidence. https://bloom.bg/2IGdVrK
💿 Meanwhile, Amazon wants to wean Japan off its addiction to CDs. That, along with DVDs and vinyl, comprise 71% of the Asian country's music sales compared to just a quarter worldwide. https://bloom.bg/2xwlW0e
Bloomberg
NYC Declares Emergency; France Closes All Schools: Virus Update
New York City declared a state of emergency.
😷 Patients with the new coronavirus keep the pathogen in their respiratory tract for as long as 37 days, a new study found. https://bloom.bg/2U3shYJ
🇺🇸 Donald Trump's error-laden "foreign virus" speech spooked investors. https://bloom.bg/3aPAgPC
📉 Bitcoin slumped through $6,000, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis. https://bloom.bg/2w0fEpa
🇺🇸 Donald Trump's error-laden "foreign virus" speech spooked investors. https://bloom.bg/3aPAgPC
📉 Bitcoin slumped through $6,000, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis. https://bloom.bg/2w0fEpa
Bloomberg.com
Coronavirus Can Live in Patients for Five Weeks After Contagion
Patients with the new coronavirus keep the pathogen in their respiratory tract for as long as 37 days, a new study found, suggesting they could remain infectious for many weeks.