📈 Global stock markets started the week with a bang after China's influential state media stoked bullish enthusiasm. https://bloom.bg/38vLPvl
🏦 Banks are ditching their London offices—and not just because of the coronavirus. https://bloom.bg/2Z0rbAA
🎼 Ennio Morricone, the prolific composer and conductor who scored director Sergio Leone's so-called Spaghetti Westerns, has died. https://bloom.bg/2O0fzY8
🏦 Banks are ditching their London offices—and not just because of the coronavirus. https://bloom.bg/2Z0rbAA
🎼 Ennio Morricone, the prolific composer and conductor who scored director Sergio Leone's so-called Spaghetti Westerns, has died. https://bloom.bg/2O0fzY8
Bloomberg
Tech Leads U.S. Stock Rally, Sends Nasdaq to High: Markets Wrap
U.S. stocks jumped, with gains in tech shares pushing the Nasdaq Composite to a record high. The dollar fell for a fifth day and Treasuries dipped.
🚘 Uber agrees to buy Postmates for $2.65 billion to expand in food delivery:
https://trib.al/SyYiV1T
😷 As the coronavirus cases rise across the U.S., Trump's support is dropping:
https://trib.al/rg7JQp9
📈 Amazon shares keep climbing, topping $3,000 for the first time and extending a rally that has left most Wall Street analysts in the dust:
https://trib.al/QBCQaJq
https://trib.al/SyYiV1T
😷 As the coronavirus cases rise across the U.S., Trump's support is dropping:
https://trib.al/rg7JQp9
📈 Amazon shares keep climbing, topping $3,000 for the first time and extending a rally that has left most Wall Street analysts in the dust:
https://trib.al/QBCQaJq
Bloomberg.com
Uber to Buy Postmates for $2.65 Billion to Expand Delivery
Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered.
One of the many questions looming over Hong Kong’s new national security law is how tech companies will respond to it. It's already had a chilling effect on the city, and this could add another layer. 🇭🇰
Google, Twitter and Facebook said they won’t process user data requests as they review the law, which has sparked concern about criminalizing protests.
Apple said it’s “assessing,” but that it hasn’t received requests for Hong Kong user data since the law kicked in last week. It noted that it doesn’t get requests directly from the government there.
Keep reading: https://bloom.bg/2ZGBoBe
Google, Twitter and Facebook said they won’t process user data requests as they review the law, which has sparked concern about criminalizing protests.
Apple said it’s “assessing,” but that it hasn’t received requests for Hong Kong user data since the law kicked in last week. It noted that it doesn’t get requests directly from the government there.
Keep reading: https://bloom.bg/2ZGBoBe
💶 Europe's economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the EU's executive arm. https://bloom.bg/38DvfK7
📈 China's equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high. https://bloom.bg/38DvpBd
🔐 Ghislaine Maxwell spent the last few months at a secluded estate called "Tuckedaway," the type of luxury retreat she's grown accustomed to as Jeffrey Epstein's girlfriend. Now, she's having to deal with accommodations that have been compared to a Turkish prison. https://bloom.bg/2BEvFnI
📈 China's equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high. https://bloom.bg/38DvpBd
🔐 Ghislaine Maxwell spent the last few months at a secluded estate called "Tuckedaway," the type of luxury retreat she's grown accustomed to as Jeffrey Epstein's girlfriend. Now, she's having to deal with accommodations that have been compared to a Turkish prison. https://bloom.bg/2BEvFnI
Bloomberg
Europe Sees Deeper Slump in New Warning on Uneven Virus Hit
Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm.
🦠Brazilian President Jair Bolsonaro has tested positive for Covid-19: https://bloom.bg/31V4wY3
🏠3% of Americans have moved because of coronavirus, and 6% say they have someone living with them at least temporarily due to the outbreak: https://bloom.bg/38z5PgR
📝New visa restrictions would make it so international students can’t stay in the U.S. without in-person courses: https://bloom.bg/2NZE47I
🏠3% of Americans have moved because of coronavirus, and 6% say they have someone living with them at least temporarily due to the outbreak: https://bloom.bg/38z5PgR
📝New visa restrictions would make it so international students can’t stay in the U.S. without in-person courses: https://bloom.bg/2NZE47I
Bloomberg.com
Bolsonaro Gets Covid After Downplaying Its Impact on Brazil
Brazil President Jair Bolsonaro, who has consistently belittled the threat posed by the coronavirus pandemic while his country has soared to the world’s second-most cases and deaths, tested positive for Covid-19.
Hello 👋 Here’s what we’re following today:
🇭🇰 Top aides to President Trump want to undermine the Hong Kong dollar’s peg to the U.S. dollar as a way to punish China, sources say. But the idea faces strong opposition from others in the administration who worry that it would only hurt Hong Kong banks and the U.S., not China. https://bloom.bg/2Dldcgl
📱 The U.S. is also considering retaliation in the form of a ban on TikTok, whose parent company is China’s ByteDance. For its part, TikTok says it doesn’t feed user data to China. https://bloom.bg/31Wc8cP
🇦🇺 And in non-China news, Australia’s second-largest city plunged back into a six-week lockdown. These are the mistakes that undid its early success. https://bloom.bg/2BLYMVW
🇭🇰 Top aides to President Trump want to undermine the Hong Kong dollar’s peg to the U.S. dollar as a way to punish China, sources say. But the idea faces strong opposition from others in the administration who worry that it would only hurt Hong Kong banks and the U.S., not China. https://bloom.bg/2Dldcgl
📱 The U.S. is also considering retaliation in the form of a ban on TikTok, whose parent company is China’s ByteDance. For its part, TikTok says it doesn’t feed user data to China. https://bloom.bg/31Wc8cP
🇦🇺 And in non-China news, Australia’s second-largest city plunged back into a six-week lockdown. These are the mistakes that undid its early success. https://bloom.bg/2BLYMVW
🇬🇧 Boris Johnson warned Germany’s Angela Merkel that the U.K. is ready to do without a trade deal if the European Union wasn’t prepared to compromise. https://bloom.bg/2VWioxJ
🎤 Kanye West says he no longer supports Donald Trump, and plans to run for president as an independent. https://bloom.bg/2ZLHWi9
💸 The world’s most popular hedge-fund strategy is no longer working. https://bloom.bg/2OiFwSV
🎤 Kanye West says he no longer supports Donald Trump, and plans to run for president as an independent. https://bloom.bg/2ZLHWi9
💸 The world’s most popular hedge-fund strategy is no longer working. https://bloom.bg/2OiFwSV
Bloomberg
Johnson Tells Merkel U.K. Is Ready to Go Without an EU Trade Deal
Boris Johnson warned Germany’s Angela Merkel that the U.K. is ready to do without a trade deal if the European Union wasn’t prepared to compromise.
😷 The U.S. government is ramping up coronavirus testing in Louisiana, Texas and Florida, as some states see a surge in Covid-19 infections:
https://trib.al/3fZCY3h
👔 Brooks Brothers has filed for bankruptcy, hit hard by the pandemic’s impact on clothing sales and its own heavy debt load:
https://trib.al/KuW7tHe
🛳 Empty cruise ships are taking over the seas—and it's costing millions:
https://trib.al/nQLFapq
https://trib.al/3fZCY3h
👔 Brooks Brothers has filed for bankruptcy, hit hard by the pandemic’s impact on clothing sales and its own heavy debt load:
https://trib.al/KuW7tHe
🛳 Empty cruise ships are taking over the seas—and it's costing millions:
https://trib.al/nQLFapq
Bloomberg.com
Texas Deaths Rise, Florida Cases Skew Older Ahead of Test Surge
The federal government is ramping up coronavirus testing in Louisiana, Texas and Florida, three states seeing a surge in Covid-19 infections, as health officials attempt to get a firm grasp on how the fast-moving pandemic is evolving.
🇸🇬 Singapore has one of the world’s highest rates of home ownership. But how is a nation with one of Asia's most expensive housing markets able to offer such affordable apartments? The answer stems from a decision made over 50 years ago. https://bloom.bg/2O7XpDJ
📈 "There’s no way I can lose. Right now I'm feeling invincible." Euphoria is returning to China's stock market five years after an epic crash. https://bloom.bg/3ecek2z
📉 Warren Buffett is sinking down the ranks of the world’s richest people. He’s currently No. 8 on the Bloomberg Billionaires Index, his lowest position since the index was created in 2012. https://bloom.bg/2W2jJTx
📈 "There’s no way I can lose. Right now I'm feeling invincible." Euphoria is returning to China's stock market five years after an epic crash. https://bloom.bg/3ecek2z
📉 Warren Buffett is sinking down the ranks of the world’s richest people. He’s currently No. 8 on the Bloomberg Billionaires Index, his lowest position since the index was created in 2012. https://bloom.bg/2W2jJTx
😷 Coronavirus is flaring again in parts of Asia, with Hong Kong and Tokyo reporting record spikes in new infections. https://bloom.bg/2CgRSbe
🚗 Elon Musk says Tesla is “very close” to developing fully autonomous vehicles and could crack the puzzle this year. https://bloom.bg/3iNHZCw
🔋 A power pioneer has invented a new battery for just about everything that’s 90% cheaper than lithium-ion. https://bloom.bg/320KmMk
🚗 Elon Musk says Tesla is “very close” to developing fully autonomous vehicles and could crack the puzzle this year. https://bloom.bg/3iNHZCw
🔋 A power pioneer has invented a new battery for just about everything that’s 90% cheaper than lithium-ion. https://bloom.bg/320KmMk
Bloomberg.com
Record Spikes in Hong Kong, Tokyo Feed Fears of Asia Second Wave
The virus is flaring again in parts of Asia, with Hong Kong and Tokyo reporting record spikes in new infections just days after Melbourne locked down again, reflecting the challenge of containing the pathogen even in places that seemed beyond the worst of…
🔸Seoul Mayor Park Won-soon, viewed as a potential candidate for the 2022 presidential election, has been found dead: https://bloom.bg/2DrZlox
⚖The Supreme Court upheld a New York grand jury subpoena for Trump's tax returns, but blocks a similar request from House Democrats for now: https://bloom.bg/38LfHUW
💸Covid-19 is bankrupting American companies at a relentless pace: https://bloom.bg/2O8R3DU
⚖The Supreme Court upheld a New York grand jury subpoena for Trump's tax returns, but blocks a similar request from House Democrats for now: https://bloom.bg/38LfHUW
💸Covid-19 is bankrupting American companies at a relentless pace: https://bloom.bg/2O8R3DU
💵 Global banks risk being caught between China-backed penalties and potential U.S. sanctions as Hong Kong’s autonomy becomes a volatile point of friction. https://bloom.bg/3eeHRZA
🇯🇵 College dropout and serial entrepreneur Taku Toguchi has joined the ranks of Japanese founders building fortunes in artificial intelligence. His company, AI inside, is now one of the country's most richly valued — and his personal stake is worth $560 million. https://bloom.bg/2ZfqRhy
⚓ And on a sleepy island on the contested maritime boundary between North and South Korea, fear of military conflict is growing. https://bloom.bg/2OeHSlm
🇯🇵 College dropout and serial entrepreneur Taku Toguchi has joined the ranks of Japanese founders building fortunes in artificial intelligence. His company, AI inside, is now one of the country's most richly valued — and his personal stake is worth $560 million. https://bloom.bg/2ZfqRhy
⚓ And on a sleepy island on the contested maritime boundary between North and South Korea, fear of military conflict is growing. https://bloom.bg/2OeHSlm
Bloomberg
Global Banks Risk Breaching China Law by Complying With U.S.
Global banks risk being caught between Beijing-backed penalties and sanctions being debated in the U.S. as Hong Kong’s autonomy becomes a volatile point of friction between the two superpowers.
🌍 A new world order for the coronavirus era is emerging. https://bloom.bg/3iOKGnG
💰 These are America's top paid CEOs. https://bloom.bg/3gMgnMw
💶 The euro region's smallest nations staged an uprising to strike a blow against the bloc's major powers. https://bloom.bg/3gLNNuM
💰 These are America's top paid CEOs. https://bloom.bg/3gMgnMw
💶 The euro region's smallest nations staged an uprising to strike a blow against the bloc's major powers. https://bloom.bg/3gLNNuM
Bloomberg
A New World Order for the Coronavirus Era Is Emerging
The next six months will go a long way to determining what the geopolitical map will look like at a time of intensifying rivalry.
🇺🇸 Trump says a phase two trade deal with China isn’t under consideration, claiming the relationship between Washington and Beijing is "severely damaged":
https://trib.al/BTw9KOx
📈 Stocks could be signaling the end of the bear market: https://trib.al/TThwxce
📚 Can students come back to campus safely? Schools are testing various solutions as the fall semester looms:
https://trib.al/Q3dnRAI
https://trib.al/BTw9KOx
📈 Stocks could be signaling the end of the bear market: https://trib.al/TThwxce
📚 Can students come back to campus safely? Schools are testing various solutions as the fall semester looms:
https://trib.al/Q3dnRAI
Bloomberg
Trump Says Phase 2 China Trade Deal Unlikely at This Point
President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much.
Hello, here's what we're following:
💵 The unshakable Hong Kong dollar is suddenly looking vulnerable after weeks of trading at the strong end of its band against the greenback. The decline was unexpected and traders are watching the currency closely. https://bloom.bg/2Cty98i
🤳 White House adviser Peter Navarro said he expects President Trump to take "strong action" against Chinese-owned social media apps TikTok and WeChat for engaging in "information warfare" against the U.S. https://bloom.bg/3emDewC
🇨🇳 Tesla needs to succeed in China if it wants to dominate the world of electric cars. To do that, Elon Musk is turning to a battery billionaire who once helped Apple extend the life of MacBooks. https://bloom.bg/3emDhZk
💵 The unshakable Hong Kong dollar is suddenly looking vulnerable after weeks of trading at the strong end of its band against the greenback. The decline was unexpected and traders are watching the currency closely. https://bloom.bg/2Cty98i
🤳 White House adviser Peter Navarro said he expects President Trump to take "strong action" against Chinese-owned social media apps TikTok and WeChat for engaging in "information warfare" against the U.S. https://bloom.bg/3emDewC
🇨🇳 Tesla needs to succeed in China if it wants to dominate the world of electric cars. To do that, Elon Musk is turning to a battery billionaire who once helped Apple extend the life of MacBooks. https://bloom.bg/3emDhZk
😢1
The fallout from coronavirus has provoked fears among the world's wealthy, who are worried about a shortage of cash in the event of another pandemic. https://bloom.bg/32p3Zyb
Poland's ruling party beat back the biggest threat to its nationalist transformation, with incumbent Andrzej Duda poised to emerge the winner of Sunday's presidential election. https://bloom.bg/2ZlsCd4
Kelly Preston, actor and wife of John Travolta, died Sunday. She was 57. https://bloom.bg/3eswOfg
Poland's ruling party beat back the biggest threat to its nationalist transformation, with incumbent Andrzej Duda poised to emerge the winner of Sunday's presidential election. https://bloom.bg/2ZlsCd4
Kelly Preston, actor and wife of John Travolta, died Sunday. She was 57. https://bloom.bg/3eswOfg
Bloomberg.com
Wealthy Investors Worry About Lack of Cash If Pandemic Returns
The fallout from coronavirus has provoked fears among the world’s wealthy, with the majority planning to curtail travel and move closer to family in a world they see permanently altered by the pandemic.
🚨It’s official. Waves of new infections in Florida, Texas and other states are hurting the U.S. economic recovery: https://bloom.bg/2WesEBB
🦠The death rate of Covid-19 is getting worse in majority black communities: https://bloom.bg/2ZqXrgc
💸 Dozens of millionaires from the U.S. and other countries have a message for their governments: “Tax us. Tax us. Tax us.” https://bloom.bg/38Ua1Ia
🦠The death rate of Covid-19 is getting worse in majority black communities: https://bloom.bg/2ZqXrgc
💸 Dozens of millionaires from the U.S. and other countries have a message for their governments: “Tax us. Tax us. Tax us.” https://bloom.bg/38Ua1Ia
You may have already gone back to the office, or you may be entering yet another week of working from home. 🏠
Either way, maybe you’re thinking about relocating. The pandemic may have proven you can do your job from anywhere. Before you talk to your manager about it, read these tips on how to handle the conversation: https://bloom.bg/38SccMi
If you’re simply not ready to return to the office — for example, if you can’t line up child care — we’ve also got some advice on how to have that discussion with your boss. https://bloom.bg/2ZpzqWS
For more tips on working from home: https://bloom.bg/2Zq9pHb
Either way, maybe you’re thinking about relocating. The pandemic may have proven you can do your job from anywhere. Before you talk to your manager about it, read these tips on how to handle the conversation: https://bloom.bg/38SccMi
If you’re simply not ready to return to the office — for example, if you can’t line up child care — we’ve also got some advice on how to have that discussion with your boss. https://bloom.bg/2ZpzqWS
For more tips on working from home: https://bloom.bg/2Zq9pHb
😷 A potential new wave of coronavirus infections this winter poses a serious risk to the U.K. and could lead to as many as 120,000 hospital deaths from September to June, according to a report. https://bloom.bg/2ZsgVBb
🚫 The EU is set to recommend keeping its external borders shut to Americans and most other foreigners for at least two more weeks as fears grow of a second coronavirus wave. https://bloom.bg/2AXb11H
💰 A few months after a landmark trial in a sprawling German tax scandal, the multi-billion dollar probe is showing no signs of slowing down. https://bloom.bg/2WhHLKe
🚫 The EU is set to recommend keeping its external borders shut to Americans and most other foreigners for at least two more weeks as fears grow of a second coronavirus wave. https://bloom.bg/2AXb11H
💰 A few months after a landmark trial in a sprawling German tax scandal, the multi-billion dollar probe is showing no signs of slowing down. https://bloom.bg/2WhHLKe
Bloomberg.com
Second Wave of Covid-19 in U.K. Could Lead to 120,000 Deaths
A potential new wave of coronavirus infections this winter poses a serious risk to the U.K. and could lead to as many as 120,000 hospital deaths from September to June, according to a report.
📝The Trump administration backed down from a new policy requiring foreign students to leave the country if their schools switch to online-only classes: https://bloom.bg/32uyPp9
🏡Millions of Americans are relying on an extra $600 a week in federal help. What happens when that lifeline expires? https://bloom.bg/3enuA0M
💉 Tracking the status of coronavirus vaccines: https://bloom.bg/3bgope2
🏡Millions of Americans are relying on an extra $600 a week in federal help. What happens when that lifeline expires? https://bloom.bg/3enuA0M
💉 Tracking the status of coronavirus vaccines: https://bloom.bg/3bgope2