Your Evening Briefing
Your Evening Briefing
(Bloomberg) --
U.S. stocks tumbled again Thursday as investor confidence cratered thanks to more bad news about the coronavirus. The S&P 500 fell more than 3%, Treasury yields sank to record lows and haven assets surged. The virus has killed 3,345 people and infected 97,426.
Here are today’s top stories
The U.S. Congress passed a $7.8 billion emergency coronavirus spending bill. President Donald Trump, who continued to downplay the severity of the epidemic, is expected to sign it. After a botched Centers for Disease Control response to the crisis, the administration won’t be able to meet its promised timeline of having one million tests available by the end of the week, senators said. Trump, meanwhile, blamed former President Barack Obama.
Medical professionals who have been treating and studying Covid-19 patients in Wuhan, China, where it originated, shared their insights with reporters in Beijing. Here are three observations from the doctors.
Should you buy the dip? It’s a question only you can answer, apparently. JPMorgan says yes, as does Trump adviser and ex-CNBC host Larry Kudlow.
Senator Elizabeth Warren ended her presidential campaign Thursday. The Massachusetts senator didn’t say if she would endorse remaining front-runners Joe Biden or Bernie Sanders.
Big Tractor companies say farmers have no right to access the copyrighted software that controls every facet of today’s equipment, even to repair their own machines. Farmers are calling for laws to guarantee them the right-to-repair.
Amazon has debated giving customers a “Green” shipping option with a slightly slower delivery speed. It hasn’t been implemented in part because of the risk that shoppers would think twice before clicking “Buy Now.”
What’s Joe Weisenthal thinking about? The Bloomberg news director says that, depending on how bad things get with the epidemic, bailouts with public money should be part of the official recovery response.
What you’ll need to know tomorrow
- Tito’s says its vodka shouldn’t be used to make hand sanitizer.
- Starbucks says it’s cleaning U.S. stores every eight minutes.
- If you’re willing to fly at the moment, there are deals to be had.
- The 30-year mortgage rate is the lowest on record.
- New York warned televangelist Jim Bakker over virus cure claims.
- Even lobster prices have been affected by the virus.
- NASA picked a name for its newest Mars rover.
What you’ll want to read in Bloomberg Green
Five-star meals can be a drag on the climate. Ingredients are often flown in and kitchens generate enormous amounts of waste when every bite must be perfect. Some chefs and restaurants are changing the way these kitchens are run, turning to soil-enhancing grains like millet, making elegant sushi with local fish, and throwing out their garbage cans as they eliminate waste.
To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net
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