| This is Bloomberg Opinion Today, a looted store of Bloomberg Opinion's opinions. Sign up here. Today's Agenda  An increasingly familiar sight. Photographer: KEREM YUCEL/AFP/Getty Images Riot Nation A week ago, America had a coronavirus crisis and an economic crisis, but it at least didn't have a rioting crisis. Those halcyon days of late May are over. Cities that until recently were quiet as a library because of the pandemic have erupted in legitimate fury over the abhorrent killing of George Floyd by Minneapolis police. The vast majority of the protests have been peaceful, though many have devolved into violence and looting, which doesn't advance the cause of justice, Bloomberg's editorial board reminds us. President Donald Trump's response has consisted mainly of tweeting, mocking local leaders for being too soft on protesters, locking himself in the White House basement with the lights off, and, uh, did I mention tweeting? He blamed antifascists for the bad parts of the Floyd protests and threatened to label "ANTIFA" a terrorist organization. The trouble with that is: - We really have no idea who is behind violence and looting at these protests;
- "antifa" is less an organization than an adjective;
- Trump probably lacks the authority to turn this mythical cadre into a terrorist group; and
- doing so would raise serious free-speech issues, writes Noah Feldman.
For example, I don't like fascism. Never been a fan. You could even call me anti-fascist. Does this mean I should go to prison? (Don't answer that.) Anyway, as with many of Trump's tweeted threats, he probably won't follow through, writes Jonathan Bernstein. Just as with the aforementioned pandemic and economic crisis, he has no plan, no message, other than spewing blind rage and division. He has simply quit doing his job. On the positive side, his failure to lead is ceding the floor to women and black leaders, writes Francis Wilkinson. This is probably not what he had in mind with the whole MAGA thing. For the rest of us, it's a silver lining in this, the freshest of our many crises. Further Protest Reading: Minneapolis prides itself as a liberal bastion, but that hasn't extended to police reform. — Adam Minter Halting Signs of Coronavirus Hope All of this protesting, often in very close quarters, is happening in the middle of a deadly pandemic. Joe Nocera, who has argued for ending lockdowns, fears the lack of social distancing on display in these large crowds could reignite Covid-19, just as a Philadelphia parade did with the Spanish Flu in 1918. Of course, for many Americans, fear of death at the hands of police is a more enduring, tangible threat than an invisible coronavirus. Still, these protests aren't the only ways we're flouting rules designed to stop the spread of the coronavirus. That national moment of kumbaya, when we all agreed to sacrifice to spare health-care workers and the vulnerable, lasted maybe a couple of weeks before we started reverting to old, selfish habits, writes John Authers. He suggests it's the latest example of the futility of hoping we can ever reconcile society's competing interests. All we can do now is hope for good luck — that a combination of warmer weather, virus mutations, better treatments (not including remdesivir, apparently), minimal social-distancing restrictions, and testing and tracing can keep the virus in check. It seems to be working in a reopening Europe so far, notes Lionel Laurent. Why, with the right precautions, people might even get back on airplanes again, writes Chris Bryant. Just don't let an antibody test to give you a false sense of security, warns Faye Flam. They're far too inaccurate, but also far too available. Oh, and again: Wear a mask. It doesn't make you look dumb or cowardly. And regular mask-wearing could help us even when Covid-19 is just a bad memory, writes Max Nisen. Further Pandemic Reading: Kids are being deprived of the important life lessons they learn in other kids' houses. — Francis Wilkinson Hong Kong's Future Along with the pandemic, economic and rioting crises, the U.S. also has a brewing geopolitical crisis with China. The latest flare-up was caused by China threatening to crack down on security in Hong Kong. Cui Tiankai, China's ambassador to the U.S., argues this is designed to preserve the city's autonomy, not end it. The Trump administration is doubtful and has threatened to end Hong Kong's special trading status, among other punishments. But this menacing approach has done nothing to change China's behavior so far, while miring the U.S. in a destructive trade war, notes Bloomberg's editorial board. China today cut back on some agricultural purchases promised as part of the much-vaunted "phase one" trade deal that now seems to be dying. The U.S. would be far more successful going back to pre-Trumpian tactics, starting with rebuilding the alliances Trump has abandoned. Welcoming immigrants from Hong Kong could help too, writes David Fickling. Further New Cold War Reading: Telltale Charts Production cuts have helped lift oil prices, but demand is nowhere close to justifying wide-open pumping again, writes Julian Lee.  Further Reading By sheer dint of size, JPMorgan Chase & Co.'s trading operation helps it not only survive but dominate banking. — Elisa Martinuzzi SpaceX developed Crew Dragon for a flat fee rather than on a cost-plus basis, slashing NASA's costs. But is it a business plan? — Adam Minter The market is clamoring for the Fed to do more, but the dangers keep rising. — Mohamed El-Erian We shouldn't write off nuclear power; it's clean energy that can help us transition fully to renewables. — Clara Ferreira Marques College may change forever, but 529 plans are flexible enough to still be a good idea. — Alexis Leondis ICYMI Facebook employees revolted at Mark Zuckerberg's refusal to police Trump posts. Mass testing may have eradicated coronavirus in Wuhan. How introverts and extroverts can thrive in a lockdown. Kickers Apparently Kylie Jenner is not a billionaire after all. (h/t Scott Kominers) UV-B radiation caused the Devonian-Carboniferous boundary mass extinction. The aesthetics of science fiction spaceship design: a study. The works of Christo, in photos. Note: Please send spaceships and complaints to Mark Gongloff at mgongloff1@bloomberg.net. Sign up here and follow us on Twitter and Facebook. | 
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