The U.S. jobs report for April was a stunner as unemployment hit its highest level since the Great Depression. Not my fault, said President Donald Trump. But for someone who has staked his presidency on a grand reopening regardless of a projected spike in American deaths, the gloom risks making recession part of his legacy. Minorities, young people and women are set to suffer the most, and the longest. Congress has urgent work to do, according to Bloomberg Opinion.

What you’ll want to read this weekend

The pandemic threatens to rewrite the rules of capitalism itself. Negative rates could even come to the U.S.. One billionaire investor recommends Monopoly money as a possible way out of the crisis.

More pain is coming for the airline industry, while taking to the skies is about to become even more miserable. Warren Buffett got out, but remains deeply exposed in other ways to the collapse in air travel.

From J. Crew to Neiman Marcus, brace yourself for a horrific run of U.S. corporate bankruptcies. They’ve all been idled by the virus and crushed by debt. It’s not looking much better north of the border, either.

Bloomberg Businessweek took a hard look inside the crowded and deadly world of meat factories. More U.S. dairy farmers are sending their cows to be turned into burgers, and India is keen to fill the global shortage with its buffalo cuts.

A couple of unexpected side-effects from the coronavirus crisis: The broken supply chain has disrupted the trade in illegal drugs. And the Nasdaq is up for the year.

What you’ll need to know next week

• U.S. and China may resume their often tetchy trade talks.
• Boris Johnson will set out plans to lift the U.K. lockdown.
• Shanghai Disneyland will reopen with masks and crowd limits.
• The U.S. Supreme Court hears Trump’s tax records case.
• OPEC delivers its report on the oil market’s cruelest month.

What you’ll want to read in Bloomberg Green

The Sky Is Clear But Global Warming Continues

Shutdowns around the globe have propelled us into an unlikely future. The skies are clear, the streets are silent and carbon emissions have plunged. But the sudden changes in our daily behavior won’t do anything to slow the pace of global warning. And the eventual comeback of economic activity might wipe out these changes as fast as they happened.

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