More than 30 million people have been infected with the coronavirus since it appeared early this year. Soon, a million will have been confirmed to have died from it. America, the worst hit country by sheer numbers, is closing in on 200,000 confirmed Covid-19 fatalities, about 20% of the global total. And U.S. infections are accelerating again. Here is the latest on the pandemic. —David E. Rovella Bloomberg is mapping the pandemic globally and across America. For the latest news, sign up for our Covid-19 podcast and daily newsletter. Here are today’s top storiesTechnology shares pushed U.S. stocks to a six-week low on Friday. The S&P 500 fell for a third day ahead of a so-called quadruple witching, a quarterly event that typically fuels trading and sometimes volatility as large derivatives positions roll over. But consumer sentiment and the bond market provided better news. The Trump administration moved to ban Chinese-owned WeChat and TikTok apps from U.S. app stores as of Sunday, while reserving the right to reverse a ban on TikTok’s video-streaming service once it can hammer out a deal to satisfy national security concerns. Bank of America CEO Brian Moynihan threw his support behind a second U.S. coronavirus bailout package, saying it’s needed to help restaurants, airlines, performing-arts venues and local governments. House Speaker Nancy Pelosi said she’s willing to aid airlines and restaurants as part of any deal. Wall Street, however, is losing faith that desperate states and municipalities will get any help.Bond investors who wagered on malls owned by Starwood Capital Group are starting to take losses after the pandemic shuttered stores and wiped out reserves that had kept interest payments flowing. Now, there’s a $700 Million CMBS portfolio on the brink. Democratic presidential candidate Joe Biden stressed his middle class roots in Pennsylvania; Attorney General William Barr has gone all-in for President Donald Trump; Michigan mail-in votes will count even if received two weeks late; The FBI says Russia is bent on tilting the election to Trump, just as it tried to do in 2016. Here is the latest on the campaign. Russian opposition leader Alexey Navalny Photographer: Yuri Kadobnov/AFP Vladimir Putin botched his latest attempt to kill an enemy, this time anticorruption activist Alexey Navalny, western officials claim. Instead, Russia triggered a new downward spiral for its ties with Europe. India’s economic recovery prospects have gone from bad to worse after the nation emerged as a new global hotspot for the coronavirus, with more than 5 million infections. What you’ll need to know tomorrow What you’ll want to read in Bloomberg TechnologyWhen the novel coronavirus arrived, it started infecting and killing employees of meatpacking plants all across the U.S. Working in close quarters, they were more susceptible than most. The companies that employ them don’t want a repeat, and have triggered an arms race among tech startups attempting to build futuristic new devices to clear workplace environments of any contagion. But sterilizing surfaces is one thing: clearing the air of the deadly pathogen is quite another. Like Bloomberg’s Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You’ll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. Bloomberg’s Green Daily is where climate science meets the future of energy, technology and finance. Sign up for our daily newsletter to get the smartest takes from our team of 10 climate columnists. Sign up here. Download the Bloomberg app: It’s available for iOS and Android. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more. |