🔴 U.S. unemployment is now the highest since the Great Depression. 

In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April as the coronavirus pandemic shutdown the economy. The unemployment rate more than tripled to 14.7%: https://bloom.bg/2yDLuJH

🔴 The cuts were so widespread that even health-care jobs fell by 1.4 million: https://bloom.bg/2YHl709

🔴 One bright spot was that many of unemployed workers reported they had been temporarily laid off. If the cuts do in-fact remain temporary, it could be a good sign for any future recovery: https://bloom.bg/2LaIZRL

🇭🇰 Pro-democracy demonstrators appeared in malls across Hong Kong this weekend, chanting anti-government slogans and singing protest songs.

Police arrested at least 10 and fired pepper balls, saying the groups defied social distancing rules, local media reported. The city's limit on social gatherings is eight people. https://bloom.bg/2WLUYKS

🇧🇷 Brazil is the latest coronavirus hotspot with more daily deaths than the U.K. Yet President Jair Bolsonaro is criticizing lockdown measures and said he plans to declare more jobs as essential to get Brazilians back to work. https://bloom.bg/2SPupmU

🇨🇳 What we don’t know about the origins of the coronavirus might kill us. The WHO is seeking a new mission to China to hunt for the pathogen’s source. https://bloom.bg/2YRJiJp

🇬🇧 This is how Boris Johnson's new U.K. lockdown rules will work. https://bloom.bg/2LiPDFE

📈 A mysterious 2,572% Abu Dhabi stock rally left traders scratching their heads. https://bloom.bg/2yC3B2P

🌍 A "misguided missile attack" on an Iranian support ship in the Gulf of Oman killed 19 people and injured 15. https://bloom.bg/3bme7s3

🐔 Despite beef and pork shortages, chicken has been plentiful in the U.S. Here’s why: https://bloom.bg/3dB6f7M

📉 The coronavirus pandemic has dealt multiple blows to U.S. consumers, who drive 70% of U.S. gross domestic product: https://bloom.bg/2WMhGmg

😷 Covid-19 is deadlier in majority black counties in America — and the outbreaks are getting worse: https://bloom.bg/2WjVcdb

It’s a habit many of us are all too familiar with these days: You sniffle or cough, or have a body ache, and you immediately Google whether it could be the coronavirus. 🦠

Doctors are starting to scope the full range of its damage. What was initially seen as a cause of viral pneumonia is now emerging as a mysterious pathogen capable of harming the body in a myriad of unexpected ways.

Here’s a snapshot of some of the symptoms Covid-19 causes, including some you might not have heard about: https://bloom.bg/2LqsHnL

😷 Sweden will adjust its strategy for dealing with Covid-19, after the death rate at care homes spiraled out of control. https://bloom.bg/2Lo2si6

☀ U.K. Health Secretary Matt Hancock warned Britons planning summer vacations they're unlikely to be able to go abroad this year. https://bloom.bg/2Lnpci8

💰 The world's biggest wealth fund is facing a $37 billion withdrawal. https://bloom.bg/2WnTWpl

😷 America's top infectious disease official is expected to issue a stern warning against reopening the economy too soon during a Senate hearing: https://bloom.bg/2WqdoC0

🌍 Economists, investors, and CEOs on how the coronavirus has forever changed the world: https://bloom.bg/2Loh80E

🔽 A key measure of U.S. consumer prices declined in April by the most on record as travel and apparel spending collapsed during the coronavirus pandemic: https://bloom.bg/2SYrdpa

Hello! 👋 Here are the top coronavirus reads today:

🇨🇳 New infections have cropped up in Wuhan, China, for the first time since the lockdown was lifted. Now the government wants officials to test the city's 11 million people for the virus. https://bloom.bg/35SVBXc

⛔ For many in Asia, getting tested for coronavirus and submitting to contact tracing is more terrifying than getting Covid-19. Reasons include stigma, the fear of deportation and harassment. https://bloom.bg/2LnPEbp

💻 And lastly, there's burnout... and then there's pandemic-induced burnout. Here's some advice from a digital anthropologist to those whose work lives are disrupted but just as intense as ever. https://bloom.bg/2yIWAxf

🌏 China is sealing off cities in a province that borders North Korea amid a growing cluster of coronavirus cases, while Europe starts opening borders. https://bloom.bg/2T20hVA

📉 The U.K. economy shrank almost 6% in March as the nation went into lockdown, plunging into what may be its deepest recession in more than three centuries. https://bloom.bg/3fMasHF

🚨 This is the story of the work-from-home trader who shook global markets. https://bloom.bg/2LnF7wR

🍖 While many regular American grocers are running out of meat, specialty food producers have plentiful supplies for those who can afford it: https://bloom.bg/2T2gZ7d

📉 The U.S. economy faces unprecedented risks that could do lasting damage if policy makers don’t rise to the challenge, Fed Chair Jerome Powell warns: https://bloom.bg/3dLikXN

😷 States confront the challenge of reopening where more rural areas may be able to move quicker than densely populated regions harder hit by the coronavirus: https://bloom.bg/2Z0Ia6i

Hello! 👋 Here are some top reads today:

📊 The biggest names in finance are sounding a stark alarm about U.S. stocks: They are vastly overvalued and could be heading for a steep drop.
https://bloom.bg/2xZtSaO

🇺🇸 The White House has a protocol for everything from nuclear attacks to terrorism. But what happens if the U.S. president catches the coronavirus? https://bloom.bg/2WSbcCl

🍅🌽 And here's how e-commerce giant Alibaba’s Southeast Asian subsidiary, Lazada, turned vegetables dumped during the virus crisis into a thriving business. https://bloom.bg/35UJBEK

💉 Giving the U.S. priority access to a Sanofi vaccine against the new coronavirus would be "unacceptable," a French government minister said. https://bloom.bg/2yTpryE

😷 Sweden's approach to the Covid-19 outbreak trades more disease for less economic damage. https://bloom.bg/2Z1Dvkr

💷 The pound extended the deepest slump among developed-world currencies, but the worst could be yet to come. https://bloom.bg/3fQ0kxi

🐖There is perhaps no more dramatic an example of the destruction plaguing America’s food supply chain than this: Thousands of pigs are rotting on compost heaps as grocers run out of meat: https://bloom.bg/2Wvleu3

🚨The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week: https://bloom.bg/2T4tyPA

🦠The tiny U.S. agency fighting Covid-19 conspiracy theories doesn’t stand a chance: https://bloom.bg/2Ww8ljF

▶️ Hit play to learn how Zoom became the pandemic's go-to social network—and made a billionaire richer in the process. https://bloom.bg/3bCExpE

🇯🇵SoftBank is heading for a record loss after its $80 billion spending spree on startups. Here's how it all went wrong for tycoon Masayoshi Son. https://bloom.bg/3bAflAf

🚧 Meanwhile, the virus crisis is reviving worst-case scenarios for the U.S.-China relationship. https://bloom.bg/2z1EBSH

✈ When airports open up again, expect flying to be more tedious than ever: https://bloom.bg/2Z90U3s

🔽 U.S. retail sales and factory output registered the steepest declines on record in April: https://bloom.bg/2LxLkGw

😷 Understanding how coronavirus has changed how we buy, sell and communicate is essential to all businesses—from the largest corporation to the self-employed. Read our explainer and sign up for updates direct to your inbox: https://bloom.bg/3cwgoCt

🇺🇸🇨🇳 Some 40% of Americans said they won’t buy products made in China, according to a new survey. The timing of this shift in sentiment — less than six months before a presidential election — could embolden some of China’s harsher critics in Washington, with huge potential consequences for financial markets. https://bloom.bg/3bHdvxB

🇳🇿 More people are moving to New Zealand. Immigration has surged in recent years, with the nation’s population reaching 5 million in March. https://bloom.bg/2LFZzcg

🇮🇱 The Chinese ambassador to Israel was found dead in his home north of Tel Aviv on Sunday, Israel’s Foreign Ministry said. https://bloom.bg/3e1jE9r

🇨🇳 Over 100 million people in China were plunged back under lockdown conditions as a new and growing cluster of infections caused a backslide in the nation's return to normal. https://bloom.bg/3cTGZtz

👍 Here are five reasons why stocks haven't tanked, according to Evercore. https://bloom.bg/2AyIChK

📉 These Harvard professors say this financial crisis really is different. https://bloom.bg/3cCQFZ7

💉 An experimental vaccine from Moderna showed promising early signs in the fight against coronavirus: https://bloom.bg/2X9HRTY

📉 SoftBank said its Vision Fund lost $17.7 billion in the most recent fiscal year, triggering the worst loss ever in the Japanese company’s 39-year history: https://bloom.bg/3bCpfBi

🍽 A famed architect has a design to help save New York City’s restaurants: https://bloom.bg/368jL09

An MIT professor who invested early in Moderna is on the cusp of owning a stake worth at least $1 billion after the biotech firm reported encouraging early trial results for an experimental Covid-19 vaccine. Moderna’s shares have more than quadrupled this year, surging 20% on Monday alone. https://bloom.bg/2WHMsO5

The results should be viewed with caution as they stem from a small, early study designed to look at the safety of the shot in human volunteers. A larger test is being planned.

It’s hardly the only coronavirus vaccine being developed right now. Get the full picture here: https://bloom.bg/2AHO567

😷 Covid-19 patients who test positive after recovering aren't infectious, a study found. https://bloom.bg/3bLbOiH

🇬🇧 The U.K. became the first European country to record more than 40,000 deaths linked to coronavirus. https://bloom.bg/2X8cklv

💰 Angela Merkel and Emmanuel Macron agreed to support a $546 billion aid package to help the EU recover from the pandemic. https://bloom.bg/2zPkAPm