Living in fear

Follow Us Get the newsletter Two weeks before the election, the U.S. rebound continues to slow thanks in part to a lack of assistance from Washington, new waves of coronavirus infections and cooler weather. Bloomberg Economics created a dashboard of high-frequency, alternative and market-based data to track the economy's plunge into recession and eventual recovery. Several of the dashboard's indicators, including jobless claims and restaurant bookings, either worsened or showed no improvement. Others, like a weekly measure of retail sales, continued to slowly advance. Millions upon millions all over the world have lost their jobs because of Covid-19. Of those lucky enough to still be working, half live in fear. —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 stories China's recovery from the coronavirus slump continued in the third quarter and showed signs of broadening in September, keeping the economy on track to be the world's only major growth engine. Home insurers in California are increasingly refusing to renew certain policies after years of devastating wildfires. Napa Valley, California Photographer: Samuel Coruma/AFP The U.S. charged Russian military intelligence with carrying out some of the world's most destructive hacking attacks from 2015 to 2019, including knocking out Ukraine's power grid and causing almost $1 billion in damage to three American companies. Ireland imposed some of the most severe pandemic restrictions in Europe as countries across the region see spikes in infections and hospitalizations. Here is the latest on the pandemic. The fate of a second U.S. rescue package will be decided this week, with House Speaker Nancy Pelosi setting a Tuesday deadline to reach an agreement with the White House. Stocks fell on Monday. The pandemic is disproportionately affecting some crucial voters as Election Day nears, adding more victims to America's unprecedented death toll of 220,000 and potentially hurting President Donald Trump, who has repeatedly downplayed and dismissed the threat after his administration botched the initial response.  Trump visited a Las Vegas church Sunday morning, surrounded by a crowd that largely neglected measures to slow the spread of the coronavirus, like wearing masks. Meanwhile, Greg Valliere, chief U.S. policy strategist at AGF Investments, says former Vice President Joe Biden's lead in the polls over Trump is not insurmountable. It's about the size of Tesla's Powerwall, but can store up to three times as much energy over a longer period. That's the promise of a new hydrogen-based energy-storage system for homes and businesses being developed by Australian startup Lavo Hydrogen. What you'll need to know tomorrow Trump complains about Fauci and final debate but predicts victory. These are the world's best (and worst) pension systems. This is where you should invest $1 million right now. The Tories are planning how to torpedo Scottish independence. Black U.S. homeowners pay $13,000 more on mortgages. China has a really big fashion problem. This 25-year-old Stanford dropout is about to become a billionaire. Paid Post Meet The Bed, by Thuma. Combining elevated design, quality craftsmanship, and modern convenience, The Bed is sturdy and quiet, with functional, intentional details for how you live. Complete with a lifetime warranty, The Bed ships free and assembles with no tools in minutes. Thuma What you'll want to read in Bloomberg Pursuits Obscure Automaker Has the World's Fastest Car The world has a new fastest car. On Oct. 10, the reptilian SSC Tuatara hypercar posted an average speed of 316.11 mph (508.73 km/h) while driving on a seven-mile stretch of two-lane Highway 160 outside Las Vegas.  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. Bracing for the U.S. election: America's presidential campaign has already been a roller-coaster ride for global investors, and it promises to get even more intense. There are a range of scenarios for market participants to consider: What happens if President Donald Trump loses and doesn't concede? Or if he again loses the popular vote but wins in the Electoral College, only this time triggering civil unrest? Join us virtually on Oct. 21 at 1 p.m. Singapore time (GMT+8) to hear how Kathy Matsui, vice chair Goldman Sachs Japan and Brian Barish, president and CIO of Cambiar Investors, are preparing their portfolios. Register for free here to be part of this live, interactive conversation, or to access all content on-demand at your convenience. 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. You received this message because you are subscribed to Bloomberg's Evening Briefing newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022