The number of Americans applying for initial jobless benefits decreased by 33,000 to 860,000 in the week ended Sept. 12, according to the federal government. The decline, following a slight increase the prior week, may indicate the economic recovery’s ability to grind forward despite significant headwinds, such as the nation’s inability to stem the coronavirus pandemic and the continuing stalemate over a second bailout as millions begin to run out of benefits. U.S. stocks fell and Treasuries gained. —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 storiesTrump’s sudden embrace of a bigger bailout package has left his fellow Republicans skeptical and Democrats holding out for more. Makers of two of the leading coronavirus vaccine candidates disclosed detailed information about their pivotal late-stage clinical trials and how they plan to gauge their shots’ safety and effectiveness. France just reported the most new daily infections since its lockdown, and more than 1,000 Americans are still dying every day from the disease. Here is the latest on the pandemic. Walmart is rolling out sweeping changes to staffing in its U.S. stores ahead of the holiday shopping season, bringing pay raises for some, but not all, members of its massive workforce. U.S. Postmaster General Louis DeJoy was ordered by a federal judge to halt recent operational changes nationwide at the U.S. Postal Service. DeJoy’s elimination of overtime and removal of sorting machines and mailboxes triggered multi-state litigation alleging the Republican megadonor is seeking to suppress mail-in voting in the coming election. Elon Musk’s next big thing is 40,000 satellites beaming broadband all over the world, Bloomberg Businessweek reports. He hopes low-Earth orbits will help him succeed where so many others have failed. Sixty of Elon Musk’s Starlink satellites seen in the night sky on April 22. Photographer: Yuri Smityuk/TASS/Getty Images/TASS Does Facebook need Trump more than Trump needs Facebook? Bloomberg Businessweek reports on how Facebook employees fear CEO Mark Zuckerberg’s commitment to free speech is more about protecting the president than the company’s ideals. Gas companies are abandoning their wells, leaving them to leak dangerous greenhouse gases, well, forever, Bloomberg Green reports. Just one orphaned site in California could have emitted more than 30 tons of methane. There are millions more like it. What you’ll need to know tomorrowEven Fidelity’s $230 billion star manager has Robinhood anxiety.MBA students at the best schools are having buyer’s remorse.Oracle, ByteDance accept new Treasury terms on TikTok.New York City delayed reopening its schools again.A Citigroup employee ran a prominent QAnon conspiracy website.Bloomberg Opinion: Why the protests continued in Portland.How much would you pay to live in the Rockefeller apartment? Sponsored by The Ritz-Carlton Residences, Long Island, North Hills The only opportunity on Long Island to experience the iconic Ritz-Carlton lifestyle every day at home. Two and three plus bedroom condominium residences, just 20 miles from Manhattan and 60 miles from the Hamptons. Priced from $1,695,000 to $4,900,000. Immediate occupancy. Request a private preview. What you’ll want to read in Bloomberg PursuitsForget diamonds, emeralds and rubies. Today’s discerning collectors are looking for jewelry that emphasizes rare, striking, and sometimes those almost-impossible-to-find stones. 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. Smart buildings provide huge opportunities to improve user experience and create efficiencies, but they also raise questions about privacy and data management. Join us for The Future of Smart Cities: Smarter Real Estate – Accelerating IoT on Sept. 30, and hear from executives at Palo Alto Networks, IBM and Siemens about getting the balance right when it comes to the Internet of Things. What will be the IoT footprint in 2020 and beyond when it comes to real estate? Register 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. |