The Chinese ambassador to the U.S. called for a “serious rethinking” of relations between the two countries, relations which have been deteriorating for some time now. The trade war started by the U.S., and the years of tit-for-tat that followed, had already made for sometimes less-than-cordial dialogue between Washington and Beijing. Now, with a global pandemic that began in China and subsequently landed full-force on America, the blame game has gotten much worse.—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 storiesItaly posted the most new Covid-19 cases in four days while Irish infections rose after three days of declining numbers. Singapore reported more than 1,000 new cases for the third day in a row, pushing the island city-state’s total infections past 10,000. U.S. cases rose 3.1% from the day before to 835,000, below the average daily increase of 4.4% over the past week. New York Governor Andrew Cuomo reported 474 fatalities, the lowest daily rate in the hardest hit state since early April, pushing total deaths for the Empire State past 15,000. Here’s the latest. Some 88% of Covid-19 patients in the New York City area who had to be placed on ventilators subsequently died. Cuomo, with the help of former New York City Mayor Michael Bloomberg, is building a “tracing army” to track the origin of individual coronavirus cases and reduce the spread so the state can focus on reopening. The first U.S. “small business bailout” forked over lots of free money to big businesses. The second iteration is supposed to be better, despite retaining the same loophole that short-changed mom-and-pop shops. Sole proprietors and contractors—which account for around 80% of the 30 million U.S. small businesses—were left with little last time, and many expect it to happen again. The banks, meanwhile, promise they will get it right this time. Democratic House Speaker Nancy Pelosi said a “major package” of aid for beleaguered state and local governments will be in the next bailout package, though Republicans are lining up against such assistance. Labor markets in key presidential battleground states are among the hardest hit by the virus-induced economic crisis, according to an index of state activity released Wednesday. American energy independence was followed by aspirations to energy dominance. But the shale revolution that drove the nation’s unlikely fossil fuel ascendance is in the process of being demolished. What you’ll need to know tomorrowSmall investors are betting on a big oil comeback.America is about to face a national meat shortage.The U.S. auto sales collapse may not be so bad after all.Businessweek: Iceland is the best place to study Covid-19.Seven years after bankruptcy, Detroit is in trouble again.More extreme rainfall may bring more volcanic eruptions.Green: Your Earth Day simulator for slowing global warming. Sponsored by the Kellogg School of Management at Northwestern University To lead with confidence during the pandemic, you need to internalize two mantras. These simple guiding principles will help you better manage your team, support customers, and deal with the anxiety that comes with working during the coronavirus crisis. What you’ll want to read in Bloomberg Pursuits
Before Covid-19, most Americans likely hadn’t heard of 3D printing. If they had, it probably conjured visions of tinkerers and techies in their garages obsessing over Dungeons & Dragons figurines. But the pandemic has turned this expensive, niche hobby into something deadly serious. Those tinkerers and techies are increasingly stepping in where others have fallen tragically short. People across the country are running 3D printers around the clock, in basements, workshops, bedrooms and garages, churning out personal protective equipment desperately needed by medical professionals on the front lines of a public health catastrophe. 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. The global economy is at an inflection point. Sign up for the Bloomberg New Economy’s Turning Points newsletter and receive weekly insights—and solutions—on climate, tech and trade. 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. |