| Airlines are saying that only universal coronavirus tests for departing passengers offer any realistic hope of reviving demand for flights in the absence of a vaccine. Air carriers and their unions on Tuesday ratcheted up pleas for an extended Covid-19 aid package to forestall massive layoffs. Stocks climbed as dip buyers emerged following the market selloff, tempering concern over remarks from the Fed pointing to a slow economic recovery. Here is the markets wrap. —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 storiesWall Street CEOs have been criticizing work-from-home in the time of pandemic, urging employees to wrap it up and head back to the office (which has already resulted in a a few outbreaks). But Apple Chief Executive Officer Tim Cook said he’s been impressed by employees’ ability to operate remotely, and predicted that some new work habits will remain after Covid-19 recedes. Ignoring Democratic fury and viral clips of them saying precisely the opposite four years ago, Senate Republicans are pushing to confirm President Donald Trump’s soon-to-be named Supreme Court nominee to replace Ruth Bader Ginsburg before the election. For his part, Democratic presidential candidate Joe Biden urged Republicans to “follow their conscience.” Noah Feldman, however, warns in Bloomberg Opinion that the damage to the nation from what he called an exercise in “extraordinary hypocrisy” could be historic. The Commission on Presidential Debates released the list of topics for the first face-off between Biden and Trump next week. Remote-learning moms may be the newest target demographic for the candidiates. And Maine voters will get to make a second pick for president. Here is the latest on the campaign.
Coroanavirus deaths are on the rise again in the U.K., the fifth worst country in the world in terms of infections and fatalities. Prime Minister Boris Johnson (above) is pleading with Britons to obey new restrictions, warning there are “unquestionably difficult months to come.” The move is the latest reversal for the Tory government and its effort to re-open the economy after the first national shutdown. Without new restrictions, the government warned daily infections could exceed 50,000 next month. In the U.S., more than 200,000 Covid-19 deaths have been confirmed, though as with infections, the actual total is believed to be higher. Pfizer and BioNTech may end up being the first to discover whether their coronavirus vaccine works. Here is the latest on the pandemic.
A Carvana Co. car vending machine in Westminster, California. Photographer: Patrick T. Fallon/Bloomberg Carvana has yet to post a quarterly profit since the online automobile retailer went public in 2017, but it’s made Ernie Garcia II and his son Ernest Garcia III two of the richest people in America. $5 billion richer. “Defund the police,” the somewhat misleading slogan from a summer of demonstrations over police killings of Black Americans, usually means shifting some tax dollars from law enforcement to social programs and elsehwhere. But even that isn’t happening. A Bloomberg CityLab investigation reveals that most police coffers remain filled to the brim, and some are even getting more money. December could usher in cooler seasonal temperatures across Europe, bucking a recent winter warming trend, according to the European Union’s Copernicus Climate Change Service. Globally, parts of the U.S. east and west coasts have a greater than 50% probability of experiencing temperatures well-above historical averages in December. Parts of southeast Asia will be chilly, with more than a 60% probability of experiencing temperatures well-below norms. What you’ll need to know tomorrowChina’s Xi Jinping takes a swipe at U.S. as “boss of the world.” Broke millennials in Korea are turn to day-trading to strike it rich. What investors with $3.4 trillion are buying during the pandemic. Rich U.S. farms are getting the most government pandemic aid. Why New York is in a depression while Florida is in a recession. Norfolk, Virginia, uses tax breaks to demolish Black neighborhoods. Ellen DeGeneres is selling $10 million worth of art in the Hamptons.What you’ll want to read tonightAmazon launched its “Prime Bike” on Tuesday, a bid to compete with an array of at-home exercise bikes that have become popular in the pandemic, such as those offered by Peloton Interactive. The new EX-Prime Smart Connect Bike is available on the e-commerce giant’s website for $500, a steep discount to Peloton machines that cost well over $1,000. 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. Join us for the Bloomberg Equality: Now or Never virtual event on Sept. 23, one in a series of uncomfortable conversations amid the global reckoning over systemic racism, creating true equity and building a more just world. LL Cool J, John Legend and Dr. Anthony Fauci are among our featured speakers. 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. | 