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May 16, 2020

Welcome to this edition of The Reader, your weekly roundup of Fortune stories and insights you need to know.

Asia's economies are starting to recover from the shock of the COVID-19 pandemic. U.S. supply chains want to stay in China, despite Trump's wishes otherwise. Hong Kong Stock Exchange chairwoman Laura Cha is rethinking business travel. According to Disney CEO Bob Chapek, Shanghai Disneyland tickets have 'essentialy' sold out for this past week.

The difference in recovery rates between Asia and the West is a defining story for the global economy, and Fortune's team in Hong Kong is closely following it. They've just launched Eastworld, a new newsletter on business and technology in Asia. 

To keep up with the stories from our Hong Kong team, subscribe to Eastworld. You'll get expert analysis as well as curated top news from the region.

Read on for more news. I hope you have a safe and healthy weekend.

Clifton Leaf

Editor-in-chief, Fortune

P.S. Please consider becoming a Premium member of Fortune. You’ll not only get to read all of our award-winning reporting and enjoy other benefits of membership, but you’ll also be supporting independent, authoritative journalism during an era when we need it most.

MUST READ

I took an at-home coronavirus test. Here’s what it was like

After spitting into the cup—before eating, drinking, or brushing my teeth, as instructed—I twisted the lid shut and sealed it in plastic bags. (Hong Kong is one of the few places in the world that offers the spitting method to test for the coronavirus.)

BY NAOMI XU ELEGANT

MAY 9, 2020

MUST WATCH

How COVID-19 impacted Disney

The company's Q2 earnings report reveals that the pandemic dealt a huge blow, but there are some bright spots. (Hint: streaming.)

MAY 6, 2020

Here's a peek of Fortune Analytics, our exclusive newsletter for Premium subscribers that brings you weekly business insights based on our own data. 

This week, we polled 1,253 people on how quarantine is affecting streaming behavior. A few things we found noteworthy:

61%

• ... of U.S. adults say they're spending more time watching streaming services since the coronavirus broke out.

79%

• ... of U.S. adults say they use streaming services every week. That number is 93% among millennials, compared to 87% for Gen Xers and 67% for baby boomers. In our October poll, only 60% of respondents said they streamed weekly.

16%

• ... of U.S. adults usually watch streaming services through someone else's account. That number is 22% among millennials.

To get the full briefing on the new streaming reality, consider becoming a Fortune Premium subscriber. You'll also get access to all of our stories on the web and in print.

Your support makes our journalism possible. Thank you.

More essential reads

• The coronavirus has forced Hong Kong Stock Exchange Chair Laura Cha to rethink business travel—forever by Claire Zillman
• Working from home during coronavirus is going so well that this Fortune 100 company is going to keep doing it—permanently by Lee Clifford
• Disney CEO Bob Chapek: Shanghai Disneyland tickets ‘essentially’ sold out for week by Aric Jenkins
• Rocking out in your car: How Europe is staging live music events in the coronavirus age by David Meyer
  

From the archives

“Modern scientists and public health experts have, Cassandra-like, been issuing warnings for years of a lack of preparedness for another influenza pandemic. Just a few days before British authorities shut down production at the Liverpool plant of flu-vaccine maker Chiron, the European health commissioner warned that Europe was woefully unprepared. Since too little vaccine is made in the U.S. and since other countries might refuse to export vaccine in an emergency, the U.S. is even less prepared.”

—Viruses of mass destruction by historian John M. Barry, November 2004

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