Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
The World Health Organization called a meeting of its emergency committee Thursday to consider issuing a global alarm after coronavirus cases in China surpassed the number of infections there during the SARS epidemic. While the coronavirus continues to spread globally, the case of an asymptomatic boy diagnosed with the virus has raised concern that it may spread undetected. So far, 6,000 cases have been reported in China with 132 deaths. Track the outbreak here.
Here are today’s top stories
Republicans are trying to get enough votes to block any witnesses from testifying in the impeachment trial of President Donald Trump, hoping to speed through to an acquittal before his State of the Union address next week. On Wednesday, the Senate moved into the question phase of the historic prosecution.
JPMorgan is preparing to slash 1% of its retail workforce, which means hundreds of jobs will be lost as the bank looks to save money. Employees won’t learn their fate until next week.
Facebook’s growth is slowing, adding to the embattled company’s woes as it faces tougher privacy regulations and continued scrutiny from global lawmakers and antitrust officials.
The European Parliament voted overwhelmingly in favor of Britain’s orderly departure from the European Union. Brexit is almost here.
Democratic candidate Andrew Yang said his voters may end up supporting Senator Bernie Sanders in later rounds of the Iowa caucus. Even if Yang ends up dropping out of the race, his pet issue may live on.
GE rose to a 15-month high after the company projected that cash from its manufacturing operations is likely to rise this year.
What’s Luke Kawa thinking about? The Bloomberg cross-asset reporter is mulling the coronavirus. Specifically, how Wall Street denizens are turning into amateur epidemiologists in an attempt to game out their trades as the disease spreads.
What you’ll need to know tomorrow
- Senator Elizabeth Warren demands tech giants fight disinformation.
- The Fed kept its benchmark rate unchanged. Stocks rose.
- Sixteen quants handicap the 2020s.
- Warren Buffett is getting out of the newspaper business.
- Generation Z is racking up credit card debt.
- San Francisco is banning cars on parts of Market Street.
- Tim Horton’s pulls the plug on Beyond Meat.
What you’ll want to read in Bloomberg Pursuits
America’s priciest home is finally getting its finishing touches. Seven years after he started working on “The One,” a 100,000-square-foot mansion in Bel-Air, movie producer turned developer Nile Niami says he’s about ready to test the market with his ballyhooed $500 million asking price.
To contact the editor responsible for this story: Joshua Petri at jpetri4@bloomberg.net
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