The U.K.’s drug regulator has started accelerated reviews of Covid-19 vaccines under development from Pfizer and AstraZeneca, as Britain gets ready to approve the first successful shot as quickly as possible. In the U.S., fourteen states spanning the Rocky Mountain West to Pennsylvania recorded all-time highs in cases this week, the most of the pandemic. President Donald Trump claimed with no evidence that U.S. doctors are lying about the number of Americans who’ve died from Covid-19, saying they inflate the figure because they are paid more money for deaths attributed to the virus. Some 230,000 Americans have died from the pathogen, lately at a rate of more than 1,000 per day. 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 storiesSenior officials on Democratic presidential nominee Joe Biden’s campaign are increasingly worried about insufficient Black and Latino voter turnout in key states like Florida and Pennsylvania with only four days until the election. Trump his holding 14 rallies in three days despite the threat posed to his supporters by the coronavirus. Here is the latest on the campaign. The velocity of money is an attempt to estimate the average number of times a dollar changes hands. The gauge has crashed to record lows during the pandemic as the savings rate surged. This is what it means. U.S. stocks dropped on Friday, capping their biggest weekly rout since March, after earnings from the largest tech companies disappointed investors concerned that a slowing economy will shrink profit. Trump has been good news for American billionaires. During his four years in the White House, they’ve gotten a lot richer. One trillion dollars richer. Ships carrying cargo around the world are waiting for days to pass through the Panama Canal because of congestion at a key chokepoint. A boat is passing through the Panama Canal Photographer: Nicolo Filippo Rosso/Bloomberg Singapore stocks took a beating this week, overtaking Thailand to become Asia’s worst equity market of 2020. Where should you put your savings? Farnoosh Torabi writes in Bloomberg Opinion that, In a low-interest market, there are still a few strategies that could yield better profit without much risk. What you’ll need to know tomorrowDark web hackers say they can access 10,000 Robinhood accounts. Texas already surpassed its total vote count of 2016. These election wild cards could end up stumping Wall Street. What happened when Minneapolis police response times slowed. Henry Kravis says this is the most market turmoil he’s ever seen. Bloomberg Opinion: Trump’s economy was better than Obama’s. Wealthy seeking open spaces drive up home prices in the U.S. West. Sponsored Content by Dropbox Stop jumping app-to-app. You name it, there’s an app for that. And that’s great, but switching between apps often interrupts your productivity. With Dropbox Business, you and your team can work in any app, file or cloud—all from one central collaborative workspace. Start a free 30 day trial today. What you’ll want to read in Bloomberg QuickTakeThis remains a troubling question. The hopes of airlines for a rebound in travel after a spring collapse have run up against a global resurgence of the coronavirus. Would-be passengers continue to worry about being stuck in a cabin for an extended time with possibly infectious strangers. The evidence shows the risks aren’t negligible. 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. Emerging Equities: Asia’s emerging markets face a complicated outlook—when will recovery begin? Will China’s recovery kick-start regional growth? What will be the impact of the U.S. election and Fed policy? Join us virtually on Nov. 18 at 1 p.m. Singapore time (GMT+8) as leading Asia investors gather to answer these questions and more. Register for free here to be part of this live, interactive conversation, or to access all content on-demand at your convenience. 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.m |