Pretty much everyone whiffed on the U.S. jobs forecast when compared with numbers the Trump administration provided on Friday. The predictable stock melt-up swelled into a frenzy. Reeling from criticism for his response to protests over race-based police killings and a pandemic that’s claimed 108,000 lives, President Donald Trump immediately claimed credit. This despite the ongoing recession and double-digit unemployment. Still, American Airlines is betting on a travel recovery and, two weeks after it filed for bankruptcy, investors are making wild wagers on Hertz.

What you’ll want to read this weekend

The jobs data from the Labor Department highlighted racial injustice, with sobering jobless numbers for blacks. A leading African-American figure in fund management said corporate America is missing its moment to act. Read this advice from a black Goldman Sachs executive to his white colleagues.

Getting into college got a little easier for students on waiting lists, but a massive debt-relief deal looks a long ways off. For anyone starting their banking career at Evercore, it’s offering $25,000 if they delay for a year.

The antitrust police have been busy. A Singapore casino belonging to billionaire Sheldon Adelson is under investigation. The U.S. meatpacking industry is under the spotlight again, and Big Chicken has allegedly been fixing prices.

Europe’s leaders put on a show of financial shock and awe to convince doubters they’re serious about reviving the economy. In Germany, Angela Merkel detailed the world’s most ambitious plan yet to support green initiatives. Meanwhile, the race is on to develop unlimited wind power.

Carbon dioxide levels are soaring. Climate change has pushed Australia’s most important river system to the brink of collapse, and may even have caused a massive fuel spill in Siberia.

What you’ll need to know next week

• New York City will begin reopening, but some stores won’t bother.
• Britain will impose a 14-day quarantine on travelers from abroad.
• Japan submits the world’s biggest bailout package to parliament.
• Gundlach’s webcast may explain some of the market mayhem.
• The Federal Open Market Committee sets monetary policy.

What you’ll want to read in Bloomberg Hyperdrive

The Final Roadblock to an Electric Car Future

Electric vehicle rookies make several mistakes, like failing to note the difference between a level 2 charger and a harder-to-find level 3 charger. For the future of electric vehicles in America, that’s a major problem. As long as there aren’t enough fast plugs in enough places, buyers and big automakers will stay away.

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