💰Trump says he supports additional pandemic relief that would replenish a tapped-out U.S. small business aid program while providing money for testing and overwhelmed hospitals: https://bloom.bg/354O8nL
🚬 The U.S. Food and Drug Administration made a second revision on its stance about the risks of Covid-19 and nicotine, saying that cigarettes also increase the chances of catching the disease: https://bloom.bg/3alber6
⛽ The world’s biggest independent oil storage company has all but run out of space for crude and refined products: https://bloom.bg/3bsgbQf
🚬 The U.S. Food and Drug Administration made a second revision on its stance about the risks of Covid-19 and nicotine, saying that cigarettes also increase the chances of catching the disease: https://bloom.bg/3alber6
⛽ The world’s biggest independent oil storage company has all but run out of space for crude and refined products: https://bloom.bg/3bsgbQf
🇸🇬 Singapore was a global hero in taming the coronavirus — until it became the largest hotspot in Southeast Asia.
Many governments have been unprepared for the outbreak, with opportunities for early containment lost as patients were sent home instead of being immediately tested and quarantined. But unlike some other Asian nations, Singapore was slow to revise a response plan from its experience with SARS in 2003, some health experts say.
One reason behind the country’s reversal can likely be traced back to six days in February: https://bloom.bg/3eFB7oJ
Many governments have been unprepared for the outbreak, with opportunities for early containment lost as patients were sent home instead of being immediately tested and quarantined. But unlike some other Asian nations, Singapore was slow to revise a response plan from its experience with SARS in 2003, some health experts say.
One reason behind the country’s reversal can likely be traced back to six days in February: https://bloom.bg/3eFB7oJ
🇨🇳 China's coronavirus diplomacy has finally pushed Europe too far. https://bloom.bg/2VrOdhL
🌏 There's one country where herd immunity could actually work, according to scientists. https://bloom.bg/3eHewZ1
📉 Oil at negative $100 isn't a crazy bet anymore. Here's why. https://bloom.bg/34W2Ehf
🌏 There's one country where herd immunity could actually work, according to scientists. https://bloom.bg/3eHewZ1
📉 Oil at negative $100 isn't a crazy bet anymore. Here's why. https://bloom.bg/34W2Ehf
Bloomberg
China’s Coronavirus Diplomacy Has Finally Pushed Europe Too Far
With a series of high-level summits culminating in a visit to Germany in the fall by President Xi Jinping, this was supposed to be the year of Europe-China diplomacy. Instead, Europeans are warning of a damaging rift.
🌍 The 50th anniversary of Earth Day arrives in the midst of a pandemic, muting one of the biggest events on the calendar for environmental activists: https://bloom.bg/2VugzZ5
😷 These cities now have less air pollution during virus lockdowns: https://bloom.bg/2zhwJMw
🌳 We now have enough data to measure the relative effectiveness of major climate solutions. This simulator lets you see which ones would work best: https://bloom.bg/3cQeZXl
😷 These cities now have less air pollution during virus lockdowns: https://bloom.bg/2zhwJMw
🌳 We now have enough data to measure the relative effectiveness of major climate solutions. This simulator lets you see which ones would work best: https://bloom.bg/3cQeZXl
The world has pledged more than $8 trillion to fight coronavirus. But that's still not enough.
The vast divide between rich and poor countries has only become more glaringly unequal in this crisis, with wealthy nations delving deep to cushion the blow:
🇫🇷 🇪🇸 France and Spain have ponied up more than $300 billion and $100 billion in bank guarantees alone.
🇺🇸 The U.S. has earmarked $2.3 trillion in fiscal aid.
🌍 Yet the countries IMF analysts are most concerned about have only been able to trickle out support.
Keep reading: https://bloom.bg/2yxHXML
The vast divide between rich and poor countries has only become more glaringly unequal in this crisis, with wealthy nations delving deep to cushion the blow:
🇫🇷 🇪🇸 France and Spain have ponied up more than $300 billion and $100 billion in bank guarantees alone.
🇺🇸 The U.S. has earmarked $2.3 trillion in fiscal aid.
🌍 Yet the countries IMF analysts are most concerned about have only been able to trickle out support.
Keep reading: https://bloom.bg/2yxHXML
📉 Warren Buffett's Berkshire Hathaway hasn't been spared by the pandemic. https://bloom.bg/3cIYvzQ
🚨 The outlook for the U.K. labor market is "horrendous," according to economists. https://bloom.bg/2XV9qCB
💰 The outgoing chief executive of the world's largest wealth fund has apologized to his staff after admitting he "really screwed up." https://bloom.bg/3cKNiix
🚨 The outlook for the U.K. labor market is "horrendous," according to economists. https://bloom.bg/2XV9qCB
💰 The outgoing chief executive of the world's largest wealth fund has apologized to his staff after admitting he "really screwed up." https://bloom.bg/3cKNiix
Bloomberg.com
Warren Buffett’s ‘Fortress’ Is Breached by Coronavirus-Related Shutdowns
Even as market watchers await Warren Buffett’s splashy move to seize on fallout from the current crisis, his Berkshire Hathaway Inc. hasn’t been spared by the pandemic.
📈 More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during the coronavirus pandemic to 26.5 million: https://bloom.bg/3eGpFJE
😷 Trump’s handling of the coronavirus has shaken voters’ confidence in him, with the percentage of undecided voters more than doubling in the last two weeks: https://bloom.bg/2VSKcC1
⬆ Oil extended its recovery from Monday’s plunge below zero, but trading remains volatile with the market under intense pressure from a swelling global glut: https://bloom.bg/2VQJkOp
😷 Trump’s handling of the coronavirus has shaken voters’ confidence in him, with the percentage of undecided voters more than doubling in the last two weeks: https://bloom.bg/2VSKcC1
⬆ Oil extended its recovery from Monday’s plunge below zero, but trading remains volatile with the market under intense pressure from a swelling global glut: https://bloom.bg/2VQJkOp
💻 Working from home in the coronavirus era often means that work-life boundaries are disappearing. In the U.S., employees are logging three hours more per day on the job than before lockdowns, according to new data. https://bloom.bg/2xWRT29
😷 But post-lockdown life isn’t without its own challenges. The first epicenter of the virus, Wuhan, is coming back to life — but not as anyone knew it. Take a look into the dystopian world there: https://bloom.bg/2Y1q976
🏥 The Philippines is known for training nurses and sending them around the world, but now it finds itself shorthanded just as coronavirus infections and deaths skyrocket there. https://bloom.bg/3axu66f
😷 But post-lockdown life isn’t without its own challenges. The first epicenter of the virus, Wuhan, is coming back to life — but not as anyone knew it. Take a look into the dystopian world there: https://bloom.bg/2Y1q976
🏥 The Philippines is known for training nurses and sending them around the world, but now it finds itself shorthanded just as coronavirus infections and deaths skyrocket there. https://bloom.bg/3axu66f
🇺🇸 Donald Trump suggested injecting disinfectant into the lungs to kill the coronavirus, alarming medical experts. https://bloom.bg/3cKsQyd
🚨 Following the president's remarks, Lysol and Dettol maker Reckitt Benckiser stated that "under no circumstance" should its disinfectant products be administered into the human body. https://bloom.bg/2x5D3pR
😷 Meanwhile, this is why a second wave of the coronavirus is already a worry. https://bloom.bg/3eJdg7M
🚨 Following the president's remarks, Lysol and Dettol maker Reckitt Benckiser stated that "under no circumstance" should its disinfectant products be administered into the human body. https://bloom.bg/2x5D3pR
😷 Meanwhile, this is why a second wave of the coronavirus is already a worry. https://bloom.bg/3eJdg7M
Bloomberg.com
Trump’s Idea to Inject Disinfectant Alarms Medical Experts
President Donald Trump returned to the lectern Thursday after a government scientist’s presentation about studies showing that sunlight, humidity and disinfectants kill the coronavirus on surfaces -- in some cases within seconds.
💰The U.S. government has doled out roughly $881 billion in aid over the last month. Here's where it went: https://bloom.bg/2Vyajzc
😷 Covid-19 patients lucky enough to survive treatment on a ventilator often face brutal recoveries: https://bloom.bg/2Ku5Rv0
🚽 These are the products that got harder to buy online as the coronavirus spread: https://bloom.bg/2KBqzsV
😷 Covid-19 patients lucky enough to survive treatment on a ventilator often face brutal recoveries: https://bloom.bg/2Ku5Rv0
🚽 These are the products that got harder to buy online as the coronavirus spread: https://bloom.bg/2KBqzsV
Hello 👋 Here's what we're reading:
🇸🇬 Singapore now has the most coronavirus cases in Asia after China and India, the world’s two most populous countries. Singapore, in contrast, has one of Asia’s smallest populations. https://bloom.bg/2ScAU2R
🇰🇵 Will a woman run North Korea? Of all the family members who could eventually take the reins from Kim Jong Un, his sister seems like the obvious choice. https://bloom.bg/3cUA3Mh
📉 And a shrinking group of winners in the S&P 500 is a bad sign for U.S. stocks, Goldman Sachs says. Similar narrowing happened before recessions in 1990 and 2008. https://bloom.bg/3bHmvU8
🇸🇬 Singapore now has the most coronavirus cases in Asia after China and India, the world’s two most populous countries. Singapore, in contrast, has one of Asia’s smallest populations. https://bloom.bg/2ScAU2R
🇰🇵 Will a woman run North Korea? Of all the family members who could eventually take the reins from Kim Jong Un, his sister seems like the obvious choice. https://bloom.bg/3cUA3Mh
📉 And a shrinking group of winners in the S&P 500 is a bad sign for U.S. stocks, Goldman Sachs says. Similar narrowing happened before recessions in 1990 and 2008. https://bloom.bg/3bHmvU8
🇬🇧 U.K. Prime Minister Boris Johnson returned to work after recovering from Covid-19 and warned that lifting a nationwide lockdown now would risk both a health crisis and an "economic disaster." https://bloom.bg/2YduYdJ
📉 The coronavirus pandemic will cause the global economy to shrink 4% in 2020, economists warned. https://bloom.bg/3bKxJY6
🍴 Avocados are in, pork bellies are out: The pandemic has totally transformed the way the world eats. https://bloom.bg/357GIzO
📉 The coronavirus pandemic will cause the global economy to shrink 4% in 2020, economists warned. https://bloom.bg/3bKxJY6
🍴 Avocados are in, pork bellies are out: The pandemic has totally transformed the way the world eats. https://bloom.bg/357GIzO
Bloomberg
Boris Johnson Urges U.K. to Stick to Lockdown as Daily Deaths Decline
Prime Minister Boris Johnson urged the British public to keep obeying lockdown rules to avoid a disastrous second wave of the coronavirus outbreak, even as the number of daily deaths fell to its lowest in just under a month.
🏬 Donald Trump and retailers are expected to announce wider availability of coronavirus tests: https://bloom.bg/2VHS9eA
🍖 Plant shutdowns are leaving Americans dangerously close to seeing meat shortages at grocery stores: https://bloom.bg/2W1uZyN
😷 The coronavirus appears to linger in the air in crowded spaces or rooms that lack ventilation, researchers found in a study: https://bloom.bg/3bE0PYW
🍖 Plant shutdowns are leaving Americans dangerously close to seeing meat shortages at grocery stores: https://bloom.bg/2W1uZyN
😷 The coronavirus appears to linger in the air in crowded spaces or rooms that lack ventilation, researchers found in a study: https://bloom.bg/3bE0PYW
The medical workers. The drivers. The ones who keep the supply of food flowing.
As many continue to work from home, essential workers around the world are heading out each day to do jobs that can put them at greater risk of infection. 🏥
Our photographers and reporters went out to meet some of them in their daily tasks. This, in their own words, is what it’s like for those who can’t work from home, whose jobs put them in harm’s way. https://bloom.bg/3bJIae9
As many continue to work from home, essential workers around the world are heading out each day to do jobs that can put them at greater risk of infection. 🏥
Our photographers and reporters went out to meet some of them in their daily tasks. This, in their own words, is what it’s like for those who can’t work from home, whose jobs put them in harm’s way. https://bloom.bg/3bJIae9
😷 The coronavirus is likely to keep coming back each year, according to top Chinese scientists. https://bloom.bg/2ySKtwV
🌍 As Covid-19 continues to kill thousands of people a day across Europe, one country stands out for keeping its death toll low. https://bloom.bg/2VK3smE
📉 Crude whipsawed near $11 a barrel after a major index bailed out of near-term contracts for fear oil prices may turn negative again. https://bloom.bg/3eZdvvC
🌍 As Covid-19 continues to kill thousands of people a day across Europe, one country stands out for keeping its death toll low. https://bloom.bg/2VK3smE
📉 Crude whipsawed near $11 a barrel after a major index bailed out of near-term contracts for fear oil prices may turn negative again. https://bloom.bg/3eZdvvC
Bloomberg.com
Virus Likely to Keep Coming Back Each Year, Say Top Chinese Scientists
Chinese scientists say the novel coronavirus will not be eradicated, adding to a growing consensus around the world that the pathogen will likely return in waves like the flu.It’s unlikely the new virus will disappear the way its close cousin SARS did 17…
🍖Trump plans to order meat-processing plants to remain open, declaring them critical infrastructure as the nation confronts growing disruptions to America's food supply: https://bloom.bg/3aRDty0
✈ Trump said he’s considering requiring people arriving in the U.S. aboard international flights to be tested for coronavirus infection: https://bloom.bg/35oDWGR
😷 Scenes of fierce competition and uneven access to coronavirus testing and supplies are playing out across America: https://bloom.bg/2WbgMzc
✈ Trump said he’s considering requiring people arriving in the U.S. aboard international flights to be tested for coronavirus infection: https://bloom.bg/35oDWGR
😷 Scenes of fierce competition and uneven access to coronavirus testing and supplies are playing out across America: https://bloom.bg/2WbgMzc
Hello, here’s what we’re reading right now:
💬 You might not be familiar with Kim Pyong Il — but after spending four decades abroad, his name is suddenly resurfacing with the unclear health status of his nephew, Kim Jong Un. https://bloom.bg/2yUpJVC
🏭 The coronavirus is accelerating the demise of the dirtiest fossil fuel. Nearly half the world’s coal power plants are now running at a loss. https://bloom.bg/2Wboj19
🏊♂️ And here’s a story almost too ridiculous to be true: A British expat in Singapore is paying $7,000 a month just to rent a swimming pool to stay active during the lockdown. https://bloom.bg/3bOtzhR
💬 You might not be familiar with Kim Pyong Il — but after spending four decades abroad, his name is suddenly resurfacing with the unclear health status of his nephew, Kim Jong Un. https://bloom.bg/2yUpJVC
🏭 The coronavirus is accelerating the demise of the dirtiest fossil fuel. Nearly half the world’s coal power plants are now running at a loss. https://bloom.bg/2Wboj19
🏊♂️ And here’s a story almost too ridiculous to be true: A British expat in Singapore is paying $7,000 a month just to rent a swimming pool to stay active during the lockdown. https://bloom.bg/3bOtzhR
🇬🇧 Boris Johnson's most powerful political aide pressed the U.K.'s independent scientific advisers to recommend lockdown measures in an effort to stop the spread of coronavirus. https://bloom.bg/3aMTLIb
#⃣ Elon Musk hit out against the lockdowns that have kept businesses throughout the U.S. closed for more than a month in a series of tweets. https://bloom.bg/3f03C0E
💰 The majority of the world's wealthiest investors are waiting for stocks to drop further before buying again, according to a poll by UBS. https://bloom.bg/2SjnMJd
#⃣ Elon Musk hit out against the lockdowns that have kept businesses throughout the U.S. closed for more than a month in a series of tweets. https://bloom.bg/3f03C0E
💰 The majority of the world's wealthiest investors are waiting for stocks to drop further before buying again, according to a poll by UBS. https://bloom.bg/2SjnMJd
Bloomberg.com
Johnson’s Top Aide Pushed Scientists to Back U.K. Lockdown
Boris Johnson’s most powerful political aide pressed the U.K.’s independent scientific advisers to recommend lockdown measures in an effort to stop the spread of coronavirus, according to people familiar with the matter.
📉 The record-long U.S. economic expansion is over. The American economy shrank at a 4.8% annualized pace in the first quarter, the biggest slide since 2008: https://bloom.bg/2yVBnQ2
🍎 Front-line food workers face an impossible choice: go to work and risk getting infected, or stay home and risk going broke? https://bloom.bg/2xidFgv
💉 Pharmaceutical company Gilead said early results from a U.S.-government-run study showed its experimental drug to treat coronavirus helped patients recover more quickly than standard care: https://bloom.bg/2zC3QLa
🍎 Front-line food workers face an impossible choice: go to work and risk getting infected, or stay home and risk going broke? https://bloom.bg/2xidFgv
💉 Pharmaceutical company Gilead said early results from a U.S.-government-run study showed its experimental drug to treat coronavirus helped patients recover more quickly than standard care: https://bloom.bg/2zC3QLa