Daily Archives: August 9, 2020

Americas

#Trump Orders Extended Jobless Benefits, Payroll Tax Deferral – Bloomberghttps://t.co/vaogrBkU9x

— Christophe Barraud (@C_Barraud) August 9, 2020

Struggling U.S. Economy Gets Limited Lifeline From #Trump Actions – Bloomberghttps://t.co/0F3J5bWdBg

— Christophe Barraud (@C_Barraud) August 9, 2020

To recap:

1/ Evictions: No eviction moratorium or new rental $, asks HUD to "consider" if evictions should stop

2/ Unemployment: Uses $44B from FEMA to cover $300/week benefit for ~5 more weeks

3/ Taxes: Option to defer payroll tax payment, but w/o new law they'll still be due

— Jeff Stein (@JStein_WaPo) August 9, 2020

“It’s a nightmare.” New York City retail is collapsing as more stores close and shoppers still aren't around https://t.co/8b3sSMcOZ6

— Bloomberg Economics (@economics) August 8, 2020

U.S. Visit to #Taiwan Begins, Adding to Rising #China Tensions – Bloomberghttps://t.co/DlIFkwL4Sd

— Christophe Barraud (@C_Barraud) August 9, 2020

IMF to start negotiating new Argentine lending deal over coming weeks https://t.co/fKwxwL0xqa pic.twitter.com/dFETsr9krh

— Reuters Business (@ReutersBiz) August 9, 2020

Asia

Twitter has had preliminary talks with TikTok about a potential combination with its U.S. operations, people familiar with the matter say https://t.co/GQ1cB1VOmF

— The Wall Street Journal (@WSJ) August 8, 2020

#TikTok To Sue #Trump Administration Over Ban, As Soon As Tuesday – NPRhttps://t.co/MajHp3II4o

— Christophe Barraud (@C_Barraud) August 9, 2020

People's Bank of #China governor Yi Gang said monetary policy should be more flexible, appropriate and precise, and combination of monetary policy tools should be used to guide growth of broad money supply and social financing in order to achieve higher growth this year. pic.twitter.com/IrrYmH4gAU

— Global Times (@globaltimesnews) August 9, 2020

Israel rushes to sell biggest port as China builds rival https://t.co/0CYSyXJiRK (via @IvanLevingston)

— Bloomberg Economics (@economics) August 9, 2020

Australia’s government still plans to start dialing back its JobKeeper wage subsidy at the end of next month https://t.co/15pIz9TnyC

— Bloomberg Asia (@BloombergAsia) August 9, 2020

Australia's Victoria reports deadliest day of COVID-19 pandemic https://t.co/kpJSUBOzFN pic.twitter.com/y4EkdKxIv2

— Reuters (@Reuters) August 9, 2020

No fast lane to zero auto tariffs in Japan-UK trade deal. https://t.co/U8RLr9AAPr #Brexit #trade #automotive #USMCA #TPP

— Nikkei Asian Review (@NAR) August 8, 2020

Europe

Pandemic Puts Millions of Europeans on Path to a Debt Crisis – Bloomberg
*Link: https://t.co/Iw6O3EWTYg pic.twitter.com/yd6baYdxb4

— Christophe Barraud (@C_Barraud) August 9, 2020

Barclays is being investigated by a privacy watchdog on allegations it spied on its workers through a computer monitoring software, the Telegraph reports https://t.co/zDK0IElCUY

— Bloomberg Australia (@BloombergAU) August 9, 2020

Juan Carlos, Spain's disgraced former king, may be in Abu Dhabi, reports suggest https://t.co/IfFFPgUocG

— The Guardian (@guardian) August 9, 2020

Belarus holds election as street protests rattle strongman president https://t.co/xL94QXLGk6 pic.twitter.com/yi1fq7Ch3G

— Reuters (@Reuters) August 9, 2020

#Nasdaq Valuations Say You’ll Be Stuck at Home for a Long Time – Bloomberg
*Link: https://t.co/KIlWYwkNRm pic.twitter.com/ILb5VjtO0V

— Christophe Barraud (@C_Barraud) August 9, 2020

#Oil industry reels from historic crash – FT
*Link: https://t.co/ccyMRehvg0 pic.twitter.com/Kx0UNWchtp

— Christophe Barraud (@C_Barraud) August 9, 2020

Global stock mkts have hit another milestone. All stocks now worth more than 100% of global GDP for the 1st time since 2018, pointing to stretched valuations. For Warren Buffett, a Market Cap to GDP Ratio >100% means stocks in bubble territory. pic.twitter.com/EqPi8A9Tkc

— Holger Zschaepitz (@Schuldensuehner) August 9, 2020

Small businesses everywhere on tight margins are facing a brutal test of survival. Here the US data for revenue broken down by state.
Via @SoberLookhttps://t.co/ewOA87oTGb pic.twitter.com/M4yRuitgyw

— Adam Tooze (@adam_tooze) August 8, 2020

10. As you might guess, average holding period has taken a lurch lower (on the back of higher volatility and greater ease of access to the market for the little guy): https://t.co/KZDd5Mzvig pic.twitter.com/OG3O75Q3KX

— Callum Thomas (@Callum_Thomas) August 8, 2020