The extent of Covid-19's spread across America this fall could depend in part on how people behave this Labor Day weekend. The first results showing whether a vaccine can stop the virus could come by mid-September. State health officials are cautioning the Trump administration not to rush out a possible vaccine prematurely. India is the latest hotspot to watch, while 83-year-old former Italian Prime Minister Silvio Berlusconi has been hospitalized with the virus. An immunity study in Iceland may signal good news. What you'll want to read this weekendThe tech selloff should be seen only as the removal of excess froth, investors say. It isn't a repeat of the dotcom crash, yet, John Authers writes in Bloomberg Opinion. Increased trading spurred by Apple and Tesla's share splits triggered outages on Robinhood and Schwab platforms.
A smart play by Amazon delivery drivers that involved hanging smartphones in trees got thwarted. Get set for a marketing blitz for Apple's 5G iPhone and a cheaper treadmill from Peleton, while Samsung has refined the design for its $1,999 foldable phone. Beijing began receiving its first international flights in months from low-risk countries. Airlines are removing seats to make space for cargo, and the hotel industry is betting more rooms will be needed for executives to make periodic visits to their headquarters. Believe it or not, the group tour is still a thing.
"Mulan" debuts on the Disney+ streaming service, while the arrival of "Tenet" will test American moviegoers' appetite for theaters in a pandemic. Fans could see BTS perform for a few more years because South Korea may delay army service for K-pop artists.
This Labor Day, U.S. drivers can look forward to cheap gasoline prices. But hot dogs may be missing from the grill, so here are some tips on what makes a great steak sandwich. What you'll need to know next week- India is set to pass Brazil on virus cases. America is still No. 1.
- Next Brexit negotiating round begins face-to-face in London.
- Ray Dalio speaks at the Economic Club of New York's webinar.
- European Central Bank is unlikely to cut rates at its meeting.
- NFL season begins. Will TV ratings be as bad as the U.S. Open?
What you'll want to read in BusinessweekThis U.S. election may be the most critical one in our lifetime, with the most polarizing president in modern U.S. history, a once-in-decades public-health crisis, a recession unlike any economists have seen. Bloomberg Businessweek maps how income inequality, partisanship, health disparities, the recession, racism, and climate change are affecting the country. Like Bloomberg's Weekend Reading? 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. How are entrepreneurs responding to the most critical global challenges, and what can big business do to help scale their innovations? Join us Sept. 9 for the Bloomberg Sustainable Business Briefing: Impact Through Entrepreneurship. Sponsored by EY, you'll hear from Unilever CEO Alan Jope and other top executives on what they've learned from impact entrepreneurs. 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. |
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