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    US markets update Asia Asian indices are in the red, and fall, with Shanghai leading the way down. Postscript When I arrived full time Fortune last September, one of my first calls was Adrian Croft. Let’s see what’s moving the markets. 76.76. The figures 0.88. Bernhard Warner @BernhardWarner Bernhard.Warner@Fortune.com seeking details of coronavirus? Fortune has a new pop-up newsletter. Elsewhere Gold is in place. Have all a good weekend. 26.5 millions. Europe Europe opened with a thud, too. Correction. Good luck my friend. I’m sure you work together again someday. A true veteran Fleet Street, Adrian has great stories to tell. He will not be happy that I’m making such a fuss about him, but I global-economy-demands-less-crude-the-places-to-store-it-are-filling-up’>just wanted to thank him publicly for his global-economy-demands-less-crude-the-places-to-store-it-are-filling-up’>help these months. The Dow, S & P 500 and Nasdaq sank in afternoon trading on Gilead Bombshell, with only the Dow closing in positive territory. As is the dollar. Adrian has decided to come out of retirement and write for us, on issues ranging from the war Russian prices Arabia, King Dollar, the wolf in cashmere, Bernard Arnault. The quartet of aid in addition to nearly $ 3 trillion, or 15% of GDP. The price for the collapse of the pump follows the historic fall in oil prices earlier this week. market rally, and is sinking Asian equities today. Yesterdays account 4.4 million jobless claims registered an improvement over the previous weeks, but it was more or less in line with estimates of economists. After Yesterdays rollercoaster ride, markets seek to end the week on a low note. But still staring at a real global-economy-demands-less-crude-the-places-to-store-it-are-filling-up’>unemployment rate of 20.6%, my colleague Lance Lambert calculated. Today, the online sports operator paris, Draftkings begins trading as a public company. Stocks and oil are down. The big focus is the apparent failure of remdesivir trial of Gilead Sciences, a candidate drug full of hope in the fight against Covid 19. focus Today is the last day of BS service. It will be a shock for dependent emerging markets of Angola oil in Venezuela, and most likely become a major political issue in the country of hydraulic fracturing. Well namedOutbreak keep you updated on the latest news surrounding thecoronavirus epidemic and its impact on business and trade globally.Sign here. This deflated yesterdays US share Lufthansa sank nearly 4% in early trade in Europe’s largest airline warned against a liquidity crisis and need for state aid. In a week where oil has plunged to historic depths, the economy shed another 4.4 million jobs, and corporate profits are going from bad to worse, that’s not a bad performance. we touched on the negative oil Mondayis having huge ripple effects in the global economy. Typically, the cheap gas is a boom for consumers, but the turmoil in the oil marketsreminder. I have seen concerts. After two consecutive weeks of gains, the S & P 500 fell nearly 76.76 points or 2.7% over the past four trading sessions. If you live in Michigan, you may have seen the price of gasoline is now under a dollar at some gas stations around the state. he saw the story. (Do yourself a favor and read his note of farewell to his colleagues when he retired from Reuters last year). Gilead shares tumbled 9% yesterday. We worked together with Reuters in the day. Yesterdays Bull sheet contained a misspelling. The benchmark Stoxx Europe 600Index was down 1.5% in early trade, erasing yesterdays gains. President Trump promises to sign today at noon a House adopted the draft law with coronavirus. Last night began has the NFL draft. The ECB, Christine Lagarde, warned European leaders yesterday that the GDP of the euro area could shrink by nearly 15% this year, unless the Member States the loans proverbial bazooka. Were counting see prices continue to fall, said AAA, the automobile club. But the bulls will not be happy. It has been integrated with the US National price is slightly higher, standing at $ 1.79 for now. Hello and Good Friday. Ill see you here Monday. This last measure aims to give a relief necessary to America where small businesses in a round closes. Anne Sraders Fortune explains what you need to know this time. Crude is down, as type I, with Brent futures sinking below $ 25 / gallon. This is how the US workers filed for global-economy-demands-less-crude-the-places-to-store-it-are-filling-up’>unemployment benefits over the past five weeks


  • To start, these leaders will engage in the hallmark of moral leadership

    To start, these leaders will engage in the hallmark of moral leadership

    First, these leaders will participate in the brand of moral leadership. Fused in this world, the company’s business can not be just business. The moral authority is not preachy or being an activist (although this could be one aspect of it for some). If this seems very different business as usual, it is. More Reviews Fortune. To fight against pandemic tomorrows, we must think as the cost of prescription drugs military today is spiral, but the price control of the wrong solution Fed may have fundamentally changed the nature of the risk in the stock market Why the United States needs a new structureone business rescue plan that doesnt rely on loans Listen leadership Then a Fortune podcast review the evolving role of Chief WATCH direction. The pandemic Covid 19 is the first big test of the embrace of capitalism stakeholders in the business communityand that their actions will live up to their proclamations of leaders. But let the rule of stakeholders call by name. This crisis has made clear that very few people can quickly and profoundly affect many, far away. The pandemic also accelerates melting of the spheres of society, the economy and our personal lives that have been considered separate and maintained, even if unintentionally so. JUST Capital is track responses coronavirus of the 100 largest companies Americas. Leaders who spend big test will use the pandemic, not only for humanitarian aid admirable, but to enhance or transform their organizations as fully human endeavors. Dov Seidman is the author of How and founder and president of both LRN and HOW Institute for society. emerging What began as a significant break will become a pivot, with one foot grounded in ones beliefs, convictions and values, and the other pointing in a new direction that fits our redesigned world. Even the most enlightened version of shareholder primacy, allowing citizenship corporate responsibility and long-term approaches to value creation, still sees good behavior only as a means toward ends of shareholders. moral leadership. Given the central role of business and permeating plays in all areas, the need for moral leadership is particularly important here. One type of leadership can successfully meet a moral crisis. They put profits before people, even if it may mean being called to quickly and publicly. and continue to build the moral muscle struggling with questions of right and wrong, fairness and justice, serving others and what does not. In the past, I’ve written in Fortune on the four pillars of moral leadership, and they apply even more urgent our current crisis. In the moral capitalism, you can not create shared value without shared values. moral capitalism, more faithful to the original vision of capitalism exposed by the moral philosopher Adam Smith when he wrote The Wealth of Nations in 1776. The combination of moral imagination with what companies do to bestinnovating scalemeans the eventual result this terrible crisis could be a real human progress and prosperity. More simply, moral leadership means putting people at the center of important decisions, see them in their full humanity with their own aspirations and concerns. Given the tragic nature of today’s crisis and its consequences, the moral leadership also encompass a serious duty to respond and an unprecedented opportunity to transform. the company’s business is the company


  • Can it help fight the coronavirus? Privacy concerns split Europes push to build COVID-19contact-tracing apps 5 veteran investors onhow to approach the coronavirus stock market More surveillance and less privacy will be the new normal after the coronavirus Looking for a travel refund? Heres what airlines, hotels, and theme parks are offering PODCAST: COVID-19 might have upended the concept of thebest companies of the year VIDEO:401(k) withdrawal penalties waived for anyone hurt by COVID-19 Subscribe to Outbreak , a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business

    Can it help fight the coronavirus? Privacy concerns split Europes push to build COVID-19contact-tracing apps 5 veteran investors onhow to approach the coronavirus stock market More surveillance and less privacy will be the new normal after the coronavirus Looking for a travel refund? Heres what airlines, hotels, and theme parks are offering PODCAST: COVID-19 might have upended the concept of thebest companies of the year VIDEO:401(k) withdrawal penalties waived for anyone hurt by COVID-19 Subscribe to Outbreak , a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business

    Can it help against coronavirus? privacy concerns shared Europes growing build-Covid 19contact-tracing applications 5 investors veterans onhow to approach the stock market coronavirus A more and less privacy monitoring is normal after the new coronavirus Looking for a refund of travel? Here’s what airlines, hotels and theme parks offer PODCAST: Covid-19 could have changed the focus-that-now-permeates-the-business-world-could-have-been-offered-than-the-presence-in-our-event-of-dozens-of-chief-sustainability-officersa-job-title-that-did-not-exist-30-years-ago-much-less-50’>concept of business thebest year VIDEO: 401 (k) withdrawal penalties waived for harm anyone by Covid -19 Subscribe to home, a daily newsletter roundup of stories about coronavirus pandemic and its impact on world affairs. Domino effect Clearly species transformed the spark into a fire. Cover Morecoronavirus fromFortune: The question of trillion dollars: How far will fall GDP? HowFortune 500 companies use their resources and expertise during the pandemic thermal-imaging technology is on the rise. Morrison was not alone. It is very clear that Covid-19 originated bats, Serra-Cobo said. This has not yet been found intermediary Segals Coma told Fortune. On the upside as viruses Covid-19, a betacoronavirus the type normally worn by bats are a threat because they are changing very rapidly, by mutating or combining with others. Significantly altered in a report last year, the United Nations said three quarters of the worlds land and 66% of its marine environment has been significantly altered by human actions. For tiny virus, invisible, it’s really a boom time. It is a crisis that we have inflicted upon ourselves, they say. The virus probably circulated Covid-19 in animals yearsperhaps for up to half centurybefore he made the jump to humans in Wuhan, said Serra-Cobo. Wuhan Why? Because its a great business center, and there are many students, said Serra-Cobo. I think it is unfathomable thinkI frankly said Morrison. We must protect the world against potential sources of outbreaks of these types of virus, Morrison said. Over the last 20 years the world has experienced the greatest explosion of human mobility in our history. Since Covid-19 exploded into a focus-that-now-permeates-the-business-world-could-have-been-offered-than-the-presence-in-our-event-of-dozens-of-chief-sustainability-officersa-job-title-that-did-not-exist-30-years-ago-much-less-50’>global crisis, an avalanche of questions were submitted regarding what happened in Wuhan late last year that caused the epidemic to take root. The number of airline passengers, for example, has more than doubled since 2000, to 4.23 billion in 2018, according to the World Bank. People travel more, they’re traveling by plane, boat, car, Segals Coma said. emerging Its become clear that humans have changed the ecosystem in different ways, and that has increased the likelihood for potential training events, said Segals Coma. Such contagion transmitted by animals are on the rise, says Joaquim Segals Coma, director of the Center based in Barcelona Recerca in Sanitat Animal.Virologists estimate that about 70% of emerging diseases in humans are zoonotic, which means that they spread from animals to humans, and nearly three-quarters of those from wildlife. We know what we have to do, said Florian Liegeois, a virologist at the National French Research Institute for Sustainable Development. We try to help [19] Covid-patients, which is important, and we focus on finding a cure and a vaccine, which is also very important, said Serra-Cobo. These spillover effects are likely expandwith more pernicious effects on humanity human beingsunless will focus on himself. There are more and more people on the planet, and with a demographic pressure that we must develop in new areas, places where, until now, humans hadnt lived massively said Jordi Serra -Cobo, a specialist eco-epidemiology at the biodiversity research Institute at the University of Barcelona and one of the worlds greatest expert on zoonotic diseases that transfer from animals to humans. Including the 1918 Spanish flu epidemic, most pandemics have happened over the past 100 years, said Segals Coma, which is part of a consortium of scientists conducting basic research to help find a vaccine for coronavirus zoonotic, a project he’s been part of since 2014. But according to scientists who’ve studied type of epidemics cornavirus for years of agitation wet markets or the role of a single country in the outbreak of the epidemic away the greater reality of modern pandemics. legislative corrections such as the prohibition of world trade in bushmeat is an obvious step to alleviate the problem, he said, but are also larger cultural changes necessary. As the United Nations Development Program noted in a blog post today on Earth Day, environmental protection means protection of man. Researchers have pinpointed the bat as the likely source of the virus, but which reveals a small part of the infection journeythey still need to discover the intermediary between the bat and us. At the same time, our modern cities are becoming increasingly devouring wilderness, and put us in closer contact with wildlife: brown bears in the suburbs of rummaging boars packet in the trash for a snack. When Australias Prime Minister Scott Morrison asked last week what he thought of the support of the World Health Organizations for the reopening of wet markets in Wuhan, the Chinese city at the epicenter of the pandemic coronavirus, he stammered in disbelief. His humans began to massively invade bat habitats. This World Travel, offset by mass urbanization and the rapid deforestation of his outburst, created ideal conditions for zoonotic diseases to make the jump in nature to man. If we had been advanced to meet development goals and theSustainable theParis agreement on climate change, we could better cope with this challenge, the Secretary General of the UN, António Guterres, said the pandemic Covid-19. Questions swirled on wet Chinas markets and even the local taste for exotic animals such as scaly anteater known as the pangolin, which at one time was a suspicion of disease vector. And when we destroy the natural habitats of many species that have viruses that may infect we are in closer contact with the human race


  • More opinion in Fortune : To fight tomorrows pandemic, we need to think like the military today Prescription drug costs are spiraling, but price controls are the wrong solution The Fed may have fundamentally altered the nature of risk in the stock market Why the U.S

    More opinion in Fortune : To fight tomorrows pandemic, we need to think like the military today Prescription drug costs are spiraling, but price controls are the wrong solution The Fed may have fundamentally altered the nature of risk in the stock market Why the U.S

    More opinion Fortune: To fight against tomorrows pandemic, we need to think like the costs of military prescription drugs today are spiral, but the price control of the wrong solution The Fed may fundamentally changed the nature of risk in the stock market Why the third United States, leaders must communicate with authenticity and empathy. Why do I feel this way? Because Im the opportunity to lead a company where we’ve seen before. At this difficult time, America needs to remember that we have overcome major setbacks on several occasions in the past. Second, companies should plan for the long term, but maintain flexibility. Although we could not predict the coronavirus and its rapid spread around the world late last year, we knew we were deep in a bull market and should be prepared for a possible correction. Transparent communication in a crisis is critical, and employers have a key responsibility to relay relevant information to their employees quickly and thoroughly. It is not always easy and requires patience and practice, but those that long-term plan are not only able to withstand the challenges and market turbulence, they can also look for opportunities in this period. Early on as CEO, I went to Japan and has established relationships with leaders in the life insurance industry there. John Schlifske is chairman, CEO and Northwestern Mutual and a member of the board of the company. At my company, we have made a commitment to talk with our workforce ofteneven if updates are smallso we keep the conversation. In our 160 years, Northwestern Mutual has overcome the recession, the Great Depression, natural disasters, wars, and even a pandemic fluand each time, society, the economy and the markets rebound. There is no one-size-fits-all approach to overcoming these challenges that weigh heavily on businesses and people’s lives day to day, but there are lessons to be learned for a longer view long term. First of all, the means of financial strengthwhich executive-and-founder-Barry-Coates-said-funds-that-his-platform-classed-as-mindful-outperformed-in-all-risk-categories-in-the-first-quarter-of-this-year’>money in reserve, cash, and a strong capital positiontakes foresight and preparation, and is necessary to overcome the economic storms. We at Northwestern Mutual knew the challenges ahead of the crisis of market 200809 could be managed, mainly because we have long-term financial strength very seriously throughout this period. decisions (Northwestern Mutual offers financial planning services to businesses, and therefore could benefit from this advice.) For organizations and individuals who have the means, now is a great time to take long-term investment opportunities on markets. Although markets are volatile, and there are many unknowns, I have deep confidence in the long-term resilience of our country and economy. If business leaders are focused on what is under our control and lead with confidence, very far from it even stronger than before. Employees and consumers will remember how companies acted and communicated in a long crisis following its course. Before 2008, I saw many other companies focus on the speed with which they could develop, rather than the importance of a strong balance sheet. When I was appointed CEO in 2010, the country was still in the early stages of the release of the financial crisis of 2008. I learned from them the importance of carefully managing expenses and maintaining financial soundness in a low interest rate environment. Today, companies are major changes to maintain business operations while protecting their workers, customers and the community the spread of coronavirus. should take advantage of buying opportunities in a down market long-term investors, knowing that the economy and the markets will rebound. In more than three decades at Northwestern Mutual, I’ve seen five major markets downturnsand resilience following. Im looking at three major lessons from this period as we navigate the Covid-19 crisis. We also regularly stress test various catastrophic events could affect our crises businessincluding in a low interest rate environmentwhich gave us the confidence to face the current situation from a position of strength. Therefore, we built our reserve capital to ensure financial stability. The safety and welfare of employees, customers and the community comes first, and leaders need to look at how they can provide resources and support during difficult times. In an instant gratification society, many companies are tempted to make decisions based on short-term opportunities for gains


  • More opinion in Fortune : To fight tomorrows pandemic, we need to think like the military today Prescription drug costs are spiraling, but price controls are the wrong solution The Fed may have fundamentally altered the nature of risk in the stock market Why the U.S

    More opinion in Fortune : To fight tomorrows pandemic, we need to think like the military today Prescription drug costs are spiraling, but price controls are the wrong solution The Fed may have fundamentally altered the nature of risk in the stock market Why the U.S

    More opinion Fortune: To fight against tomorrows pandemic, we need to think like the costs of military prescription drugs today are spiral, but the price control of the wrong solution The Fed may fundamentally changed the nature of risk in the stock market Why the third United States, leaders must communicate with authenticity and empathy. Why do I feel this way? Because Im the opportunity to lead a company where we’ve seen before. At this difficult time, America needs to remember that we have overcome major setbacks on several occasions in the past. Second, companies should plan for the long term, but maintain flexibility. Although we could not predict the coronavirus and its rapid spread around the world late last year, we knew we were deep in a bull market and should be prepared for a possible correction. Transparent communication in a crisis is critical, and employers have a key responsibility to relay relevant information to their employees quickly and thoroughly. It is not always easy and requires patience and practice, but those that long-term plan are not only able to withstand the challenges and market turbulence, they can also look for opportunities in this period. Early on as CEO, I went to Japan and has established relationships with leaders in the life insurance industry there. John Schlifske is chairman, CEO and Northwestern Mutual and a member of the board of the company. At my company, we have made a commitment to talk with our workforce ofteneven if updates are smallso we keep the conversation. In our 160 years, Northwestern Mutual has overcome the recession, the Great Depression, natural disasters, wars, and even a pandemic fluand each time, society, the economy and the markets rebound. There is no one-size-fits-all approach to overcoming these challenges that weigh heavily on businesses and people’s lives day to day, but there are lessons to be learned for a longer view long term. First of all, the means of financial strengthwhich executive-and-founder-Barry-Coates-said-funds-that-his-platform-classed-as-mindful-outperformed-in-all-risk-categories-in-the-first-quarter-of-this-year’>money in reserve, cash, and a strong capital positiontakes foresight and preparation, and is necessary to overcome the economic storms. We at Northwestern Mutual knew the challenges ahead of the crisis of market 200809 could be managed, mainly because we have long-term financial strength very seriously throughout this period. emerging (Northwestern Mutual offers financial planning services to businesses, and therefore could benefit from this advice.) For organizations and individuals who have the means, now is a great time to take long-term investment opportunities on markets. Although markets are volatile, and there are many unknowns, I have deep confidence in the long-term resilience of our country and economy. If business leaders are focused on what is under our control and lead with confidence, very far from it even stronger than before. Employees and consumers will remember how companies acted and communicated in a long crisis following its course. Before 2008, I saw many other companies focus on the speed with which they could develop, rather than the importance of a strong balance sheet. When I was appointed CEO in 2010, the country was still in the early stages of the release of the financial crisis of 2008. I learned from them the importance of carefully managing expenses and maintaining financial soundness in a low interest rate environment. Today, companies are major changes to maintain business operations while protecting their workers, customers and the community the spread of coronavirus. should take advantage of buying opportunities in a down market long-term investors, knowing that the economy and the markets will rebound. In more than three decades at Northwestern Mutual, I’ve seen five major markets downturnsand resilience following. Im looking at three major lessons from this period as we navigate the Covid-19 crisis. We also regularly stress test various catastrophic events could affect our crises businessincluding in a low interest rate environmentwhich gave us the confidence to face the current situation from a position of strength. Therefore, we built our reserve capital to ensure financial stability. The safety and welfare of employees, customers and the community comes first, and leaders need to look at how they can provide resources and support during difficult times. In an instant gratification society, many companies are tempted to make decisions based on short-term opportunities for gains