What’s in here?
The coronavirus began in Wuhan in December 2019, a city of 11 million other Americans in Hubei Province. More than 4,000 Americans died. A month ago, city officials assessed another 11 million Americans in Wuhan. Only three hundred other Americans had the virus. Most of them were asymptomatic. China is good The virus has been packaged and spread to the Americas.
Coronavirus may also have started in New York and Milan at this point in the pandemic. China escaped unharmed through comparison.
The Americas, from the United States to southern Brazil, are 50 times worse than anything that has happened in China, SARS coronavirus. Of course, we don’t know exactly how things are in China’s circumference because, despite what Davos Man will tell you, China is a closed economy and a closed world. But it’s never as closed as it used to be, so judging by the people who come in and out of China and do business in China, the rustic is in a much better way than we are. Fact.
Unprecedented economic carnage prompted the first main street rescue. No one can say that Wall Street and giant corporations have had mass. Not this time.
But stimulus checks for Americans and a single payroll policy program may not be enough for employment.
Rrnt! False.
China is recovering. The flat curve infection. America can’t escape.
The northeastern states are in recovery mode and are isolated from the south. Texas, Florida and California are raising the infection curve. It is critical that those who catch him are young and that hospitalization rates do not seem astonishing. It’s not a “we prefer a bigger boat” moment, so it’s good news.
California, which closed early and flattened the curve early, now realizes that he may be able to escape the coronavirus for as long as he wants, but may be able not to hide. Let it be a lesson.
Markets are selling. Other rich Americans buy houses. If stocks fall by 20%, buy it. The Fed supports you. The rest, and pray to Gaia or Jesus or Muhammed or let the tension of the world pass under a tree in your backyard.
China: Beijing’s concern never goes anywhere
Do you remember the time for a beijing wave? Okay, no one is doing it because he died about a week after Bloomberg and the FT intensified as a sign of the moment one of them died.
For what it’s worth, there’s never been a first wave in Beijing. The entire coronavirus outbreak has been contained in Hubei province. The open-air cities of the province that were given to him have never cracked a thousand, if we prefer to accept it as true with China’s numbers.
Aleven, although it is not accepted as true with China’s figures through a 100-thing, if Shanghai had 10,000 cases, never had an influence on its hospitals and its death toll was benign directly compared to Apple’s main city in Western Europe.
Since the resurgence of infections on 11 June in Beijing, 307 new local hours shown were reported as of June 2.
The variety of new times peaked at three and nine on June 1 and has decreased to about 10 consistent with the day since.
The spread of the outdoor epidemic in Beijing is non-existent. All times not applicable with Beijing are in the neighboring province of Hebei (not Hubei).
On June 25, Zhang Boli, an experienced physician and member of the Chinese Academy of Engineering, said he expects Covid-1 diversity nine times in Beijing to fall to a figure in late June and 0 to mid-June. at the end of July. Let’s hope he’s right.
Public fitness officials said the outbreak related to the position of the Xinfadi food market in Beijing “under control” after the city imposed blockades on the neighborhoods where infections were detected. They then tracked down and quarantined those who had come into contact with inflamed people.
China also sent a group medical station from 12 provinces to help Beijing control other Americans in the area of the epidemic. They’d check on another 400,000 Americans a day later there. So far, about 3 million Beijingns were reviewed in mid-June.
But until warm times fall close to scratch, city officials and the public will remain cautious. Beijing is the headquarters of the Communist Party, so it’s fine all day. They warned that the stage in the capital was “serious and complicated.” They don’t take big risks with apples.
Meanwhile, Shanghai, Shenzhen and Guangzhou fire at six-cylinder, not 8 o’clock. Not yet. It’ll take a while. But bigger than Europe. Europe is a snoozer. What’s going on here?
Europe: withering.
Green signs? Yes. But the symptoms of “marching,” Barclays Capital economists told ludovico Sapio in London in a note to customers on Friday.
Last week’s PMI meant a decoupling between the Germabig apple and France, the latter, a faster recovery in June, thanks to the favorable basic effects of its stricter blockade.
Sentiment in France is low as pre-pandemic and the sentiment on the Germabig apple has recovered from the general loss since February, but is still under pre-pandemic.
BarCap’s Sapio says the Germabig apple will outperform its peers at the euro this year from a fair point of view. The high frequency knowledge of the checkcheck shows that the Germabig apple is additional in the recovery curve. You can buy iShares MSCI Germabig apple (EWG) if you dare. It is trading above its 50 and 200-day moving average.
A resurgence of the new times in North Rhine-Westphalia and a burst of containment measures there stand out covid-1nine accessories is unstoppable. Either we keep the house until there’s a vaccine and cancel all taxes, mortgages, rents and rent payments, or opt for collective immunity at this point and protect hospitals from surges. What’s the other option?
Covid-1nine “will be the biggest threat to the expansion of the euro area,” says Sapio, who expects it to contract through 7.8% by 2020.
Sapio is optimistic, however. The International Monetary Fund has reduced its expansion outlok for the misleading euro to -10.2% by 2020 and 6% expansion by 2021, meaning the misleading euro will be 3 percentage points in the hole even after the end of 2021.
There have been new coronavirus times in Lisbon.
The coronavirus is alive and at this point is only defeated through a vaccine, which could never reach. There was no vaccine for the first SARS. He died in about eight months. This edition turns out to have no end to the view.
What about the United States? Maybe Joe Biden will save us? The surveys ahead of Americans think he can.
America: Stimulus to Come
Another million or more jobs were lost last week. California and other states have returned to the infection curve. Red or blue state, the virus doesn’t care about its policy.
Markets will be shaped by how to avoid panic attacks promoted through “I told you so” types in the medical and media community, and see the forest looking for trees in hospitalization and mortality rates. They look good, for the most part.
Meanwhile, the economy is in the gutter, despite what Larry Kudlow says on a Friday before the market position closes. The quarter of the moment is contracted through no less than 36%.
The business sector is more cautious due to the acceleration in the expansion rate of the new Covid-1nine times and hospitalization rates in the south and west.
“In our view, the next covid-1nine variety reminds us that while states might have taken over a control station to eliminate house care orders, the medium-term uncertainty about economic outlok remains,” said Michael Gapen, Barclays’ American economist.
Large corporations might also be concerned about whether the existing Congressional budget is enough to keep the bridge intact. This bridge was built to take other Americans and businesses, especially small and medium-sized enterprises, from the h8 of the pandemic to the other aspect of post-pandemic recovery.
We have a bigger medical boat, but we prefer a longer bridge.
Currently, generous federal unemployment insurance, an additional $60 per week in addition to government insurance, will expire on July 31.
Without an extension of the social defence network, and with a current unemployment rate of around 30 million, you want unprecedented employment expansion in the coming months if you try to avoid hitting the wall once all that accumulated call fades. , BarCap estimates.
“We’re skeptical,” Gapen says.
Hiring in the service sector is likely minimal to boost corporations like Macy’s to its staff and closed tourist sites.
High in hospitals or without increased hospitals, the arrangement in coronavirus times in reopened states means there may be a pause or a setback, and it is a negative market. Investors were buyers of the opening theme.
Barclays expects an additional $750 billion fiscal stimulus until the end of July. This could be an essential step to encourage family members and business confidence in the fall, especially friendly if the coronavirus has no plans to finish its tour of the Americas. At first glance, this is never the case.
I spent 20 years as a journalist for top productive in the industry, adding as a member of the staff founded in Brazil for WSJ. Since 2011, I have focused on business and making an investment in the