Your Weekend Reading: Extreme Measures

(Bloomberg) --

China restricted travel for 40 million people and tour companies were ordered to suspend operations at home and abroad, measures of unprecedented scale designed to contain the spreading coronavirus. The rising death toll includes previously healthy victims, and markets were understandably spooked. While its methods may seem extreme, China is eager to show itself as more proactive than when SARS killed 800.

What you’ll want to read this weekend

Democratic House managers, led by Representative Adam Schiff, wrapped up their impeachment case, calling for testimony from witnesses in the abuse of power and obstruction trial of President Donald Trump. Senate Republicans have largely seemed bored during the historic proceeding, violating trial rules by leaving the chamber, playing with toys and passing notes. Their leader seems confident he has the votes to acquit Trump no matter what.

The world’s most profitable hedge fund is taking its aggressive tactics to the climate change fight. TCI Fund Management says it will dump shares of companies that fail to disclose their carbon footprint.

There are a dozen or more court cases in which U.S. states and cities are seeking to hold oil companies liable for their role in the climate crisis, and the trillions of dollars it will cost to make things right. And by the way: All those emails you’ve been saving in your inbox are making global warming worse.

Elon Musk is on a roll, on the ground and in the air. Tesla reports earnings next week, and analysts think it will burn the already cooked short-sellers. Not into Tesla? Then check out this pretty perfect $200,000 sports car.

The most astonishing revelation about the hacking of Jeff Bezos’s mobile phone is that Crown Prince Mohammed bin Salman may have played a direct role, Bobby Ghosh writes for Bloomberg Opinion.

What you’ll need to know next week

• It’s a huge earnings week, from Apple to Amazon.
• The Bank of England has a tough call to make on rate cuts.
• Italians vote in a key region as the government wavers again.
• The U.K. is poised to let Huawei help develop 5G networks.
• Goldman Sachs may expand on its plans for consumer banking.

What you’ll want to see in Bloomberg Graphics

This rainfall map can tell if your home is doomed. See what the risks are of your house being flooded because of climate change. Bloomberg Green interviews Matthew Eby, executive director of First Street, which created the interactive maps. Also: The Green 30 for 2020 details the pioneers, leaders, and ideas that are trying to solve the climate crisis.

To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net

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