Republicans and Democrats are testing a risky strategy that voters will blame the other for failing to deliver a second bailout bill to soften the blow of the recession for millions of Americans and several teetering states. Among the unlikely events that could break the deadlock: President Donald Trump retreating amid alarm about his poll numbers, a sudden reversal of economic indicators that have recently ticked upward, or a revolt against Congressional leaders by vulnerable moderates. Any sustained U.S. recovery will likely depend on a deal. —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 storiesU.S. stocks rose amid a flurry of deal activity. The dollar weakened and Treasuries were little changed. And when it comes to consumer spending, the pandemic may have finally pushed U.S. shoppers into the world of livestream ecommerce. UBS and Credit Suisse Group are reportedly exploring a potential merger to create one of Europe's largest banks. JPMorgan is saying its workers have been slacking off while working from home. Doctors are worried about missing patients—the ones with diabetes and high blood pressure who have been squeezed out as coronavirus victims dominate hospitals all over the world. In South Africa, as many as 42,396 people died in the past five months either from Covid-19, or from other causes because they were unable to seek treatment. Here is the latest on the pandemic. Former Vice President Joe Biden's tax proposals would have the top 0.1% of earners, those currently making about $3.3 million or more, paying a 43% rate on their income. Right now, that group pays 30.6%. The Trump campaign has run ads saying Biden's increases would crush middle-class families, but data show there would be little effect for most who earn less than $400,000. Trump has said he wants to cut taxes, but has only described his plans with bullet points. Louis DeJoy boosted his giving to Republican political campaigns as the job of U.S. Postmaster General became available, giving Trump's campaign and the Republican National Committee more than $600,000 after the opening was announced. DeJoy, who now holds the position, is the subject of multiple investigations and lawsuits over his cuts to Postal Service capacity and whether he is engaging in voter suppression. In Zimbabwe, pregnant women are left alone in hospitals to give birth, taps have run dry in major urban centers, infrastructure has all but collapsed and more than half the population needs food aid. Protest action over intolerable living conditions has been brutally crushed by the military. After two decades of rot, the nation is coming apart at the seams. What's Joe Weisenthal thinking about? The Bloomberg news director says Monday began what could be an interesting moment for markets and the economy. The last few weeks have seen a notable selloff in high-flying tech stocks, with some big names and major indices below their 50-day moving average for the first time in a long time. This week marks the start of what the new normal might look like. It's the first full week after Labor Day, so a lot of the high frequency data points that people like to watch (TSA air travel data, OpenTable reservations, daily credit card spending, hotel reservations) should offer clean looks at where the economy really is. What you'll need to know tomorrow What you'll want to read tonightHurricane Sally will begin hammering the U.S. Gulf Coast with flooding rains late Monday, potentially making landfall the next day between New Orleans and Mobile, Alabama, and causing as much as $3 billion in damage. Sally rapidly strengthened to a Category 1 hurricane, and may reach 105 mph, which would make it a Category 2. There are several other storms brewing as well. Source: NOAA Source: NOAA 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 pandemic is roiling trade and supply chains that drive the global economy. Arm yourself with the latest developments—sign up to get Bloomberg's Supply Lines newsletter in your inbox daily. 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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