Sunday Brief – August 9th 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