Covid-19 Pandemic
 Here’s the latest news: Wuhan’s mass testing may have eradicated the virusEurope’s virus hotspots exit lockdownTrump puts protest response over pandemic Reopening is bigger in Texas Texans love their big and brash reputation, but they also roll their eyes at outsiders who claim to know what being a Texan means. When the state began a wide-scale reopening of businesses a month ago, including movie theaters and hair salons, epidemiologists feared the worst—that independent streak Texans are known for would get the better of them, and Covid-19 cases would surge. It hasn’t worked out that way, at least so far, because Texans have proven to be more careful and respectful of their neighbors than perhaps they were given credit for. For every brazen shopper going maskless, there were plenty of people staying home. Bloomberg reviewed data that tracks people’s movements and found that in many parts of the state, particularly urban areas, people were still far less willing to venture outside than they used to be.  A band wearing protective face coverings plays at a bar in Austin on May 23. Photographer: Alex Scott/Bloomberg That may explain why there hasn’t been a spike yet in case counts—there’s enough social distancing to keep the virus manageable and still allow the economy to reopen. If the trend holds, it could prove both sides of the reopening debate right. Yes, it’s possible to take steps toward revival without overwhelming the hospital system. But it’s also possible that humans are keeping the virus in check with their own behavior instead of a government mandate. Like Texas, New York City is diverse politically and culturally. The nation’s biggest city is scheduled to be the last major area in the U.S. to reopen on June 8, but walk down a commercial street in Queens or the Bronx and you’ll see businesses tiptoeing back to life ahead of schedule, and unmasked neighbors chatting on the stoop and the corner. No matter where you are, some people are going to be more cautious than others. But if caution can prevail, it might be enough.—Crayton Harrison The next wave When Will the U.S. Outbreak Peak? Coronavirus in the U.S. has become a sustained, widespread outbreak. While social-distancing measures have slowed it in many places, Americans will soon find out if opening businesses and going back to work and play will lead to a second wave of infections.  Mirna Tablas sews protective masks at the Goodwill South Florida facility. Photographer: Joe Raedle/Getty Images North America Save the date: How are investors and regulators navigating the current financial landscape, and what’s ahead for global markets? Hear from SEC Chairman Jay Clayton and top asset managers Jenny Johnson of Franklin Templeton and David Hunt of PGIM on June 2nd in the latest of our virtual series, Bloomberg Invest Talks. Get more details and register here. What you should read Protests Hammer U.S. Cities After Lockdown Major urban areas on verge of reopening when unrest erupted. Pandemic Curbs Demand for China’s Solar Power Wafer and cell costs have fallen by at least 20% this year. South Korea Unveils $62 Billion Post-Virus Deal Government sees economy eking out 0.1% growth in 2020. Magazines Hurt by Covid-Fueled Ad Cuts Cartier, Prada among labels with reduced presence in print. EU Factories Start Down Road to Recovery Euro-area manufacturing PMI rose to 39.4 in May from 33.4. Know someone else who would like this newsletter? Have them sign up here. Have any questions, concerns, or news tips on Covid-19 news? Get in touch or help us cover the story. Like this newsletter? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Follow Us Get the newsletter You received this message because you are subscribed to Bloomberg’s Coronavirus Daily newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022 |
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