Bloomberg
138K subscribers
192 photos
42 videos
2.14K links
The first word in business news.
Download Telegram
Boeing says the total costs for grounding the 737 Max will surpass $18 billion when accounting for restarting production this year: https://bloom.bg/37DbyB0

📰 Warren Buffett is getting out of the newspaper business: https://bloom.bg/2tbBrZG

📉 U.S. stocks erased gains as disappointing economic data overshadowed solid earnings: https://bloom.bg/36CkAge
📈 💰 Elon Musk just added $2.3 billion to his fortune in 60 minutes. His net worth jumped to about $36 billion after Tesla shares surged 12% in extended trading in New York.

Musk owns about a fifth of the company's outstanding stock, which comprises the bulk of his fortune. Read more: https://bloom.bg/3aW3o8E
As the death toll from the coronavirus outbreak keeps growing, here are some answers to key questions from Bloomberg's Jason Gale, who's been covering the crisis:

Q: What should we know about this virus and how fast is it spreading?
It's capable of spreading from human to human and seems more infectious than SARS and diseases like flu. In most cases, it causes fairly mild disease. The older you are, the higher the probability of becoming more seriously unwell, although the fatality rate seems relatively low.

Q: Are face masks effective?
Face masks are only one barrier. A more prudent approach to avoiding infections is simple: wash you hands thoroughly with soap and water!

Q: Is there a cure?
A: There is no cure and there are no proven therapies to combat the infection. But at least one hospital has begun a clinical trial assessing promising drug therapies.

You can find more answers here: https://bloom.bg/37IAZRC
📈 The pound rose after the Bank of England kept interest rates on hold in Governor Mark Carney’s final meeting https://bloom.bg/2uKrxyu

❗️ U.S. equity futures slid with stocks as investors mulled mounting evidence that the coronavirus epidemic is disrupting China's economy. https://bloom.bg/38ROjDi

🔥 Tesla shares soared 11% in the U.S. pre-market after the carmaker reported record revenue that beat estimates. https://bloom.bg/2U8qkM7
📈 The U.S. economy maintained a steady pace of growth at the end of 2019. GPD expanded at a 2.1% rate: https://bloom.bg/2RGJc2Y

💰Five experts offer investment ideas to help fight climate change: https://bloom.bg/37GCrnC

A key slice of the U.S. yield curve inverted on Thursday for the first time since October, reviving memories of growth fears: https://bloom.bg/2U8eOjL
These are the stories we're following right now.

⚠️ The U.S. State Department is now warning Americans not to travel to China because of the spreading coronavirus outbreak.

“Those currently in China should consider departing using commercial means,” the U.S. said in the advisory, which was Level 4, the most severe travel warning category. https://bloom.bg/38StlnP

💵 Jeff Bezos just got a whole lot richer.

The world’s wealthiest person added $13.2 billion to his fortune in about 15 minutes after Amazon shares surged in extended trading on Thursday. https://bloom.bg/3aUR88x
Delta is suspending all flights to China because of concerns over the coronavirus outbreak, becoming the first U.S. carrier to do so: https://trib.al/sGeiFup

🏈 Americans preparing to celebrate the Super Bowl on Sunday are pushing Mexican avocado imports to its best week ever: https://trib.al/rUi6h7L

🇬🇧 It's Brexit Day. The U.K. will legally withdraw from the European Union, severing a 47-year relationship and redefining itself as a country standing alone in the world: https://trib.al/7qSE3et
BREAKING: A 44-year-old man has died from the coronavirus in the Philippines, according to the World Health Organization.

It's the first reported death from the infection outside of China.

The man arrived in the Philippines on Jan. 21 accompanying the country’s first confirmed case, a 38-year-old woman, after they had traveled from Wuhan via Hong Kong, Health Secretary Francisco Duque said.

Follow the latest updates on the coronavirus here: https://bloom.bg/2OkmwUu
Breaking: Chinese stocks just plunged 9% as markets reopened to the worsening virus outbreak. It's the biggest drop since 2015.

Prices for oil, iron ore, copper and palm oil also sank.

Here's the latest: https://bloom.bg/2GOqvVa
More than 25,000 flights to, from and within China will be canceled this week as over two dozen airlines suspend services to the country because of the coronavirus outbreak: https://trib.al/AFRqjm2

🌍 There are dozens of climate models, and for decades they agreed on how fast the planet world warm. That’s not the case anymore and scientists don’t know why: https://trib.al/LpcTV8y

🏢 After WeWork's botched IPO and mass employee layoffs, new CEO Sandeep Mathrani has his work cut out for him. Here's why he thinks he's ready: https://trib.al/XLmLlnr
Hello, here's what we're following:

🇺🇸 Voters in the U.S. will finally have their say in the first contest of the Democratic presidential primary. Get live results, news and analysis from the Iowa caucus: https://bloom.bg/31uKrWA

💻 Can an entire nation work from home? The coronavirus has forced the world’s largest experiment in it, with thousands of businesses figuring out how to stay operational. One of the most unsettling factors for employees is the virus’s fast-changing impact, which is prompting daily changes in corporate directives. https://bloom.bg/3b7JWpN

💰 And we took a look inside Amazon’s HQ2 fiasco. Here’s how Jeff Bezos was driven by his jealousy of Elon Musk landing $1.3 billion in Gigafactory incentives. https://bloom.bg/2Up6R9V
🇺🇸 The Iowa caucuses devolved into political embarrassment, with no results announced after "inconsistencies" were discovered in reporting from some precincts. https://bloom.bg/2SfrByh

The coronavirus outbreak has led 34 countries to impose travel restrictions. This is what happens when international law changes while you're in the air: https://bloom.bg/2OqwoM6

🍴 Citigroup suspended one of its senior traders after he allegedly stole from the company's cafeteria. https://bloom.bg/37XXsdE
📱 Iowa Democrats said they identified a flaw in a phone application that caused a delay in reporting results of their presidential caucuses. They expect to announce a winner later on Tuesday: https://trib.al/NEBmdpK

🇺🇸 An “export boom” from the U.S. trade deal with China will be delayed because of the coronavirus outbreak, said White House economic adviser Larry Kudlow: https://trib.al/Di7Fq3H

📈 Tesla shares continue their eye-popping run, gaining another 14% at the start of trading today. The stock has already doubled this year: https://trib.al/juLVocF
🚘 Tesla's stock has gained 112% this year. That gives the electric-vehicle maker a market value greater than that of General Motors, Fiat Chrysler and Volkswagen combined. https://bloom.bg/2GVaGMj

🇺🇸 Donald Trump said he's building “the world’s most prosperous and inclusive society” in a triumphant State of The Union address delivered on the eve of his likely acquittal in the Senate’s impeachment trial. https://bloom.bg/2vISbZ1

🔒 China locked down at least 50 million people to stop the spread of the coronavirus. But did it work? https://bloom.bg/383Odsk
😷 Hong Kong announced plans to quarantine travelers coming from mainland China as the death toll from the coronavirus outbreak climbed toward 500. https://bloom.bg/2OrzW0Y

🚗 Saudi Arabia's sovereign-wealth fund sold almost all of its Tesla shares before the stock's epic surge. https://bloom.bg/39b5HDq

Wind turbine blades can't be recycled, so they're piling up in landfills. https://bloom.bg/383i303
🔴 The U.S. is preparing for what it sees as likely: a global coronavirus pandemic: https://bloom.bg/31DDlzb

🔄 Wind turbine blades are not recyclable. So they’re piling up in landfills: https://bloom.bg/2S0OFSA

🚘 The incredible six-day, 60% rally in Tesla that left many scratching their heads screeched to a halt. Analysts at Canaccord Genuity cut their rating on the stock to hold following an “electrifying run” on concerns that its Shanghai factory may struggle as China works to contain the coronavirus: https://bloom.bg/2Son2lt
🇨🇳 China has sacrificed a province to save the world from the coronavirus.

While cases have spread around the globe, the virus’s impact has been most keenly felt in Hubei, the landlocked region of 60 million people where it was first identified.

The toll is an ongoing illustration of the human cost exacted by the world’s largest-known quarantine, with the region effectively on lockdown to contain the virus’ spread. But Hubei, known for its car factories and bustling capital Wuhan, is paying the price — the mortality rate for coronavirus patients there is 3.1%, versus 0.16% for the rest of China.

Keep reading: https://bloom.bg/377LAoh
🇨🇳 China will halve tariffs on some $75 billion of imports from the U.S. later this month, likely satisfying part of the interim trade deal: https://trib.al/AYi6HxN

🇺🇸 Pete Buttigieg and Bernie Sanders were in a virtual tie in the Iowa caucuses early Thursday as the state’s Democratic Party continued to struggle with releasing long-delayed results: https://trib.al/GGvmsoM

💝 Until recently, Valentine’s Day was effectively banned in Saudi Arabia. Now, it's the unlikely source of premium dates, an unconventional and luxurious gift: https://trib.al/ggroVkW
💲 Jeff Bezos is on a selling spree. His sales of Amazon stock in the past week total $3.45 billion — but the company's share prices has ticked higher regardless. https://bloom.bg/2GZcm7u

🇯🇵 Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000. Read the latest updates on the virus here: https://bloom.bg/2He5GTj

✈️ Boeing has discovered a new software problem on the grounded 737 Max, but the company said the flaw won’t set back its goal of returning the plane to service in mid-2020. https://bloom.bg/2UyDtyq