• Indonesia’s Tangled Aid, Brazil President Infected: Virus Update
    Bloomberg

    Indonesia’s Tangled Aid, Brazil President Infected: Virus Update

    (Bloomberg) -- Brazilian President Jair Bolsonaro tested positive as the crisis in Latin America’s largest economy escalates, while Colombia extended its national lockdown until Aug. 1. States across the U.S. recorded new highs in coronavirus cases and deaths, with total infections in the country approaching 3 million.The U.S. gave the United Nations one-year notice of its plans to exit the World Health Organization, formalizing President Donald Trump’s decision to leave the agency even as the pandemic rages.Novavax Inc., one of the front-runners in the race to develop a vaccine, was awarded $1.6 billion in government funding to support large-scale manufacturing.Key Developments:Global Tracker: Cases top 11.7 million; deaths exceed 540,000These mistakes pushed an Australian city back into lockdownTrump insists schools must open, teachers aren’t so sureSingapore in survival mode looks to reinvent itself againForged to tackle virus, Israel’s alliance of rivals falls shortRetailers Face Unpredictable Back-to-School Shopping SeasonSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Red Tape Holds Up Indonesia’s Virus Relief Spending (9:41 a.m. HK)Indonesia’s bureaucratic red tape is preventing almost $50 billion in fiscal support from being disbursed to virus-hit businesses and health care workers, risking a deeper economic slump amid a surge in cases.The government has spent less than 5% of the 87.6 trillion rupiah ($6 billion) set aside for priority health care because of delays in verification and approval processes. Some 85% of 120.6 trillion rupiah in tax-breaks and other benefits for companies has yet to be allotted, official data show.Australia Plans More Income Support Amid Virus (8:54 a.m. HK)Treasurer Josh Frydenberg said the government will announce a “new phase” of income support for people impacted by the coronavirus crisis when it hands down its economic and fiscal update later this month.Economists have warned of a looming fiscal cliff at the end of September, when the government’s flagship wage subsidy program known as Jobkeeper is due to expire. Frydenberg told the Seven Network that another phase of temporary and targeted support would be announced July 23.Beijing Records No New Virus Cases for Second Day (8:42 a.m. HK)The capital city also reported zero new suspected or asymptomatic cases Tuesday, the Beijing Municipal Health Commission said in a statement.Duterte Expresses Caution as Philippine Cases Spike (8:40 a.m. HK)Philippine President Rodrigo Duterte said he will “have to be very circumspect in reopening the economy” given the recent spike in coronavirus cases.The firebrand leader said he can’t emulate the “devil-may-care attitude” of U.S. President Donald Trump or Brazilian President Jair Bolsonaro because the Philippines is poor. “We cannot afford really a total epidemic or pandemonium,” he said in an address aired Wednesday.The Philippines will continue to limit the number of people that can go out, Duterte said, urging residents to be patient. His comments came after Finance Secretary Carlos Dominguez and central bank Governor Benjamin Diokno both backed further easing of virus curbs to reignite an economy facing its deepest contraction in three decades.U.S. Plans Testing Surge in Three States (8:34 a.m. HK)The federal government is ramping up coronavirus testing in Louisiana, Texas and Florida, three states seeing a surge in Covid-19 infections, as health officials attempt to get a firm grasp on how the fast-moving pandemic is evolving.Eight temporary testing sites will each perform as many as 5,000 free tests a day, the U.S. Department of Health and Human Services said. Four sites opened Tuesday in Baton Rouge, Louisiana, while one in Edinburg, Texas, and three in Jacksonville, Florida, will open Wednesday. The sites will remain open for as long as 12 days.Increased testing could give health experts a clearer picture of how the coronavirus is moving through the population, as officials weigh how far to go in reopening the economy -- or in rolling back steps already taken to revive business.Tokyo District Eyes Aid for Bars If Clusters Found: NHK (8:13 a.m.)Tokyo’s Toshima ward, whose nightlife district has seen a spike in coronavirus infections, will provide financial aid to establishments that shut if clusters are discovered there, public broadcaster NHK reported.The ward is urging about 100 workers at 8 bars to take PCR tests to prevent further spread of the virus. The metropolitan government is considering providing the financial aid.Most U.S. Meat Plant Workers With Virus Are Minorities (8:08 a.m.)The virus outbreaks at meat-processing plants across America that sickened thousands and led to beef shortages have gotten worse -- and minority workers have been hit hardest.More than 16,200 U.S. meat plant workers had tested positive for Covid-19 by the end of May and 86 had died, the Centers for Disease Control and Prevention said Tuesday. Of the cases that disclosed race and ethnicity, 87% involved minority workers -- with employees identified as Hispanic accounting for 56% of infections despite making up less than one-third of the workforce.Collected from more than 20 states and hundreds of facilities, the data show how dramatically and disproportionately the pandemic has affected minority workers at meat plants.Restaurant Reopenings Boost New Zealand Lobster Sales (7:40 a.m.)New Zealand exports of live lobster are surging as Chinese gourmets return to restaurants.More than 300 tons of the crustaceans were airfreighted to China in May, up 53% on-year, according to data Wednesday from Auckland International Airport. That’s welcome relief for New Zealand lobster exporters, who were forced to release thousands of the shellfish back into the sea in February after China closed restaurants and canceled orders in response to the coronavirus outbreak.Ann Taylor Owner Ascena Prepares Bankruptcy to Cut Debt (7:32 a.m. HK)Ascena Retail Group Inc., the owner of mall brands that occupy almost 3,000 stores in the U.S., is preparing to file for bankruptcy and shutter at least 1,200 of those locations, according to people with knowledge of the plan. The company, which owns brands such as Ann Taylor and Lane Bryant, could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.Ascena shut its shops in mid-March as the coronavirus outbreak spread, and began to re-open locations in early May as state authorities lifted restrictions. Customer traffic is much lower than normal at the revived stores, the company said in an update on the impact from Covid-19 on its business.More U.S. Baseball Teams Suspend Workouts (7:26 a.m. HK)The San Francisco Giants have suspended workouts due to delayed Covid-19 testing results, becoming the latest team to raise doubts about Major League Baseball’s reopening efforts.On Monday, the Washington Nationals, Houston Astros and St. Louis Cardinals suspended their workouts, while the Los Angeles Angels and Arizona Diamondbacks had to reschedule planned practices.New York City to Reopen Childcare Centers July 13 (7:20 a.m. HK)New York City Mayor Bill de Blasio says in tweet that the Board of Health has voted to reopen 3,000 childcare centers as of July 13.Violence Erupts in Serbia Over Lockdown Plans (6:52 a.m. HK)Thousands of protesters clashed with police in Serbia’s capital of Belgrade after President Aleksandar Vucic said the city will go into lockdown this weekend because a spike in new cases of Covid-19 has filled hospitals to capacity.Riot police used tear gas to repel rock-throwing protesters who briefly broke into the parliament building in central Belgrade, the N1 broadcaster reported. The Balkan country of 7 million lifted one of Europe’s strictest lockdown regimes in May along with the rest of the continent after the social-distancing restrictions helped stifle contagion. However, a new surge in infections is overwhelming the national health-care system, Vucic said.“The situation in Belgrade is alarming,” Vucic said in a televised news conference. “Hospitals are literally packed.”Trump ‘Flexible’ on Convention Plans (6:45 a.m. HK)President Donald Trump signaled that he would be “flexible” about holding the Republican National Convention in Jacksonville, Florida, if coronavirus cases continue to rise across the state.“It really depends on the timing,” Trump said in an interview with Gray Television’s Greta Van Susteren. “Look, we’re very flexible. We can do a lot of things, but we’re very flexible.”Earlier this month, the Republican National Committee announced that most of the party’s convention, including Trump’s speech accepting the nomination, would take place in Jacksonville the week of Aug. 24. Covid-19 cases have been increasing across Florida.New York’s Long Island to Enter Fourth Reopening Phase (5:42 p.m. NY)New York’s Long Island has been cleared to enter the fourth stage of reopening starting Wednesday, Governor Andrew Cuomo said in a statement. The move applies to higher education, “low risk” arts and entertainment activities, media production and professional sports with no fans.“As states across the country experience a resurgence in cases, we’ve maintained both low hospitalizations and a low rate of positive cases,” Cuomo said.Texas Infections Jump by More Than 10,000 (5 p.m. NY)New cases in Texas topped 10,000 for the first time, rising by 5%, or 10,028, from Monday to 210,585. That exceeded the seven-day average daily increase of 3.9%. Sixty more people died, a 2.3% increase, versus an average 1.4% rise over the previous seven days. An additional 588 hospitalized with Covid-19 also topped the state’s seven-day average.In Houston, the state’s largest metropolitan area and home of the most severe outbreak, virus patients continued to rise in area intensive-care units. With the normal supply of ICU beds full, hospitals there are moving into surge capacity, filling another 9% of “Phase 2” beds, according to data reported Tuesday by the Texas Medical Center, which includes more than 20 local hospitals.The State Fair of Texas, an annual fall event in Dallas that brings as much as a $500 million boost to the region’s economy, was canceled on Tuesday. A poll conducted in the last days of June by the University of Texas at Austin found a continuing sharp divide between how Republicans and Democrats perceive the pandemic, with 76% of Republicans saying efforts to deal with the coronavirus are going well, compared with 84% of Democrats who say it’s going badly.U.S. Cases Rise 1.8% (4 p.m. NY)Coronavirus cases in the U.S. rose 1.8% from a day earlier to 2.96 million, according to data collected by Johns Hopkins University and Bloomberg News. That matched the average daily increase over the past week and marked a fourth day in which new cases topped 50,000. Deaths rose 0.6% to 130,813.Florida had 213,794 cases, up 3.6% from a day earlier, compared with an average increase of 5% in the previous seven days, according to state health officials. Deaths reached 3,841, an increase of 1.7%California reported a 3.4% daily jump in virus hospitalizations, to a record 5,989 patients. San Francisco will delay plans to open indoor dining and outdoor bars as planned July 13Arizona health officials reported 3,653 new cases, bringing that total to 105,094, a 3.6% increase. Deaths rose by a record 117 to 1,927New Jersey’s virus transmission rate rose to 1.05, the highest in about 10 weeks, according to Governor Phil Murphy’s office. Weeks ago, the rate was 0.64Montana cases rose 6.2% to a total 1,327, according to data compiled by Johns Hopkins and Bloomberg NewsU.S. Starts Clock to Quit WHO (3:49 p.m. NY)The Trump administration sent a letter giving the United Nations a one-year notice for the U.S. to quit the World Health Organization, formalizing President Donald Trump’s decision to leave the agency even as the coronavirus rages.The administration sent the letter to UN Secretary-General Antonio Guterres, making the U.S. withdrawal official on July 6, 2021, according to Stephane Dujarric, the secretary-general’s spokesman. It’s almost certain that Democratic rival Joe Biden will reverse Trump’s decision if he’s elected in November.Regeneron Antibody Gets U.S. Support (1:27 p.m. NY)An experimental antibody therapy from Regeneron Pharmaceuticals Inc. received a $450 million contract from the U.S. government to start amping up production. The move may signal a new plan of attack for the Trump Administration to concentrate on so-called “neutralizing” antibodies that are tailored to mimic immune responses to the virus.Other companies racing to come up with antibody treatments include AstraZeneca Plc and Vir Biotechnology Inc. in partnership with GlaxoSmithKline Plc.Theater Operators Sue N.J. to Open (12:55 p.m. NY)Movie theater operators AMC Entertainment Holdings Inc., Cinemark Holdings Inc. and Regal Cinemas Inc. sued New Jersey for keeping cinemas closed due to the risk of coronavirus spread while allowing stores, shopping malls and churches to reopen. They argue that going to the movies is less risky than attending organized religious services and ceremonies, which were allowed to resume in late June.WHO Sending Mission to China (12:30 p.m. NY)The World Health Organization will send a mission to China this weekend to begin preparations to study the animal origins of the virus, a controversial issue.The objective is to “ascertain how it jumped between animals and humans,” Director-General Tedros Adhanom Ghebreyesus said in a briefing. The WHO has said the group will include an epidemiological expert with a background in field investigations of epidemics, and an expert on animal health.Gene May Boost Male Risk (12:28 p.m. NY)In the latest peek into the genetics of Covid-19, testing giant Ancestry.com LLC has identified a DNA region that may explain why the virus appears to impact men more than women. The region was associated with 44% higher odds of Covid-19 susceptibility in males. Women with the same DNA difference didn’t show any increased risk of infection.Brown Latest School to Plan Opening (11:46 a.m. NY)Brown University is implementing a three-term academic model for the coming year, becoming the latest Ivy League school to plan for the upcoming term. Undergraduates will be on campus for two of the three terms, and the school said it will “de-densify” spaces on its Providence, Rhode Island campus.On Monday, Harvard and Princeton said they planned to bring back a portion of their undergraduate populations for the upcoming semester.Brazil’s Bolsonaro Tests Positive (11:19 a.m. NY)Brazil President Jair Bolsonaro tested positive for Covid-19 in an escalation of the health crisis that has engulfed Latin America’s largest economy. “I’m perfectly well,” the 65-year-old Bolsonaro told CNN Brasil in a live interview, after announcing the result of his test.Brazil is a global hotspot for the virus, trailing only the U.S. with more than 65,000 confirmed deaths and over 1.62 million total cases.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • COVID-19 Impact and Recovery Analysis | Fresh Pet Food Market 2019-2023 | Use Of Customized Pet Foods to Boost Growth | Technavio
    Business Wire

    COVID-19 Impact and Recovery Analysis | Fresh Pet Food Market 2019-2023 | Use Of Customized Pet Foods to Boost Growth | Technavio

    The Fresh Pet Food Market in US will grow by USD 6.02 bn during 2019-2023

  • Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever
    Reuters

    Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever

    From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc is having a moment in South Korea, particularly among tech-savvy professionals. "I am not interested in cars, but I am interested in the Tesla brand and its technology," the 39-year-old told Reuters. Kang bought a Tesla Model 3 in December, ditching the Hyundai crossover he bought only last summer.

  • Thomson Reuters StreetEvents

    Edited Transcript of TRMK.MZ earnings conference call or presentation 21-May-20 1:00pm GMT

    Q1 2020 Trubnaya Metallurgicheskaya Kompaniya PAO Earnings Call (IFRS)

  • Trump Aides Weigh Proposals to Undermine Hong Kong’s Dollar Peg
    Bloomberg

    Trump Aides Weigh Proposals to Undermine Hong Kong’s Dollar Peg

    (Bloomberg) -- Some top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms, according to people familiar with the matter.The idea of striking against the Hong Kong dollar peg -- perhaps by limiting the ability of Hong Kong banks to buy U.S. dollars -- has been raised as part of broader discussions among advisers to Secretary of State Michael Pompeo and hasn’t been elevated to the senior levels of the White House, suggesting that it hasn’t gained serious traction yet, according to people who discussed the matter on condition of anonymity.The proposal faces strong opposition from others in the administration who worry such a move would only hurt Hong Kong banks and the U.S., not China, they said. Another person cautioned that the idea of attacking the dollar peg is lower on the list of possible options now under discussion. Those ideas include canceling a U.S.-Hong Kong extradition treaty and ending cooperation with Hong Kong’s police, the person said.The State Department declined to comment when asked about the issue on Tuesday, as did the Treasury Department. Hong Kong’s financial secretary, Paul Chan, referred queries to the Hong Kong Monetary Authority, which said it had nothing to add beyond past statements on the subject. The People’s Bank of China in Beijing also didn’t immediately reply to queries.Chan said last month that China’s central bank could provide American dollars should the U.S. impose sanctions on the territory. The dollar peg is underpinned by about $440 billion of foreign-exchange reserves, which is more than two times the city’s money in circulation, he told China Central Television. Eddie Yue, chief executive of the HKMA, last month called any move to deny Hong Kong access to the U.S. dollar clearing system an “apocalyptic” scenario that “would also send shock waves across the global financial markets, including the U.S.”The proposal is a “nuclear-like weapon” and risks a complete decoupling between China and the U.S. if implemented, said Xia Le, chief Asia economist at BBVA Hong Kong. “It’s technically difficult to impose, and it’ll hurt U.S. a lot.”Hong Kong has pegged its currency to the U.S. dollar since 1983, allowing it to fluctuate within a fairly strict band that has generally centered around 7.8 per U.S. dollar. The currency has remained strong due to its yield advantage over the greenback, demand for Chinese company share sales and persistent flows into the local equity market.Markets SteadyCurrency market indicators from spot prices to risk reversals reflected little appetite among traders to bet that the Hong Kong dollar could break its peg with the greenback in early Asian trading Wednesday. The currency traded at 7.7501 per dollar on Wednesday, or just one pip away from the strong end of the trading band.While demand to bet on depreciation with derivatives picked up slightly on Wednesday, there were no signs of the speculative activity seen in late May, when China’s plans for a national security law were first reported. The local dollar’s 12-month forward points -- instruments used to hedge against depreciation in the currency -- rose just 11 points on Wednesday. They remain well below their May peak, which was the highest level since 1999.The very idea that undermining the peg has even been raised offers some insight into the range of discussions now underway for punishing China. It has primarily been discussed at the State Department, where Pompeo has emerged as the administration’s loudest critic of Beijing’s recent decision to impose a new national security law on Hong Kong.Two of the people familiar with the matter said a top administration priority has been finding ways to punish banks based in Hong Kong, particularly HSBC Holdings Plc. In a statement last month, Pompeo singled out Peter Wong, the bank’s Asia Pacific chief executive officer, for signing a petition supporting “Beijing’s disastrous decision to destroy Hong Kong’s autonomy.”“That show of fealty seems to have earned HSBC little respect in Beijing, which continues to use the bank’s business in China as political leverage against London,” Pompeo wrote in the June 9 statement. A Hong Kong-based spokeswoman for HSBC declined to comment.‘Unthinkable Instability’The possibility of the Hong Kong dollar peg’s demise has become a focus of major financial bets including by Hayman Capital Management founder Kyle Bass, who started a fund last month making wagers on a collapse in Hong Kong’s currency peg, according to people with knowledge of the matter.“It’s a fairly whacky idea that they would be able to force Hong Kong off the peg by some means,” said Patrick Bennett, head of macro strategy for Asia at Canadian Imperial Bank of Commerce. “I’ve been against the idea that Kyle Bass and others trying to break the peg -- that has been a spectacularly unsuccessful idea so far, and I expect it to be the same.”One possible way for Trump to attack the peg would be for the U.S. Treasury to limit American banks from providing dollar funding to Hong Kong and Chinese banks, which would drive the costs for such funding “exorbitantly” higher, according to Stephen Innes, chief global market strategist with AxiCorp. But he said this is unlikely because China could retaliate by taking action against U.S. assets including Treasuries and stocks, and it could destabilize pegs elsewhere -- especially those maintained by U.S. allies in the Middle East.“The unthinkable instability that it would trigger in the USD-based global financial ecosystem could drive a selloff in U.S. equity markets -- an outcome abhorrent to the White House ahead of the November presidential election,” Innes wrote in a note.Speaking on Monday to Fox News, Pompeo said the U.S. was mulling the possibility of banning ByteDance Ltd.’s social media app TikTok in the U.S., though he didn’t explain what authority the administration would use to do so.“We’d love to preserve the freedom in Hong Kong,” Pompeo said. “But if we can’t, we’re going to hold the Chinese Communist Party accountable.”(Updates with forwards in ninth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dow Jones Futures: Coronavirus Stock Market Rally Steps Back, But Tesla, These Leaders Advance; Facebook In Focus Late
    Investor's Business Daily

    Dow Jones Futures: Coronavirus Stock Market Rally Steps Back, But Tesla, These Leaders Advance; Facebook In Focus Late

    The stock market rally had a down day, but not hot EV plays Tesla and Nio. Facebook is in focus late after Mark Zuckerberg met with ad boycott organizers.

  • Newsfile

    Empress and Alto Announce Closing of Merger

    Vancouver, British Columbia--(Newsfile Corp. - July 7, 2020) - Empress Resources Corp. (TSXV: EMPX) ("Empress") and Alto Ventures Ltd. (TSXV: ATV) ("Alto") are pleased to announce that their previously announced merger (the "Arrangement") has closed. Effective at the close of business on July 7, 2020 Empress will be delisted from the TSX Venture Exchange as a result of the Arrangement.Under the Arrangement, Alto acquired all of the issued and outstanding common shares of ...

  • GlobeNewswire

    The Global Corporate Wellness Market is expected to grow by $ 25.42 bn during 2020-2024 progressing at a CAGR of 8% during the forecast period

    New York, July 07, 2020 -- Reportlinker.com announces the release of the report "Global Corporate Wellness Market 2020-2024" -.

  • Moody's

    Tripadvisor, Inc. -- Moody's assigns first-time Ba3 CFR to Tripadvisor and B1 to proposed notes; outlook stable

    Moody's Investors Service (Moody's) assigned a Ba3 Corporate Family Rating and a Ba3-PD Probability of Default Rating to Tripadvisor, Inc. (Tripadvisor). In connection with the proposed debt issuance, Moody's also assigned a B1 instrument rating to the new senior unsecured notes. Net proceeds from the new notes will be used for general corporate purposes including repayment of advances under the secured revolver (unrated), thereby enhancing Tripadvisor's liquidity.

  • Moody's

    Rattler Midstream LP -- Moody's rates Rattler Midstream's notes Ba3, assigns Ba2 CFR

    Moody's Investors Service ("Moody's") assigned first time ratings to Rattler Midstream LP (Rattler), including a Ba2 Corporate Family Rating (CFR), a Ba2-PD Probability of Default Rating (PDR) and a Ba3 rating to the company's proposed senior unsecured notes due 2025. Moody's also assigned a SGL-3 Speculative Grade Liquidity Rating reflecting adequate liquidity through 2021. Net proceeds from the proposed note offering will be used to repay Rattler's revolving credit facility, which had $451 million in outstanding balance as of March 31, 2020.

  • Hedge Funds Are Dumping Moelis & Company (MC)
    Insider Monkey

    Hedge Funds Are Dumping Moelis & Company (MC)

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • Thomson Reuters StreetEvents

    Edited Transcript of VER earnings conference call or presentation 20-May-20 5:30pm GMT

    Q1 2020 VEREIT Inc Earnings Call

  • Were Hedge Funds Right About Warming Up To Macatawa Bank Corporation (MCBC)?
    Insider Monkey

    Were Hedge Funds Right About Warming Up To Macatawa Bank Corporation (MCBC)?

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • Global Stocks Mixed as Rally Pauses; Yen Retreats: Markets Wrap
    Bloomberg

    Global Stocks Mixed as Rally Pauses; Yen Retreats: Markets Wrap

    (Bloomberg) -- Asian stocks were mixed Wednesday as concern lingered over the economic impact of the coronavirus. The yen retreated.Stocks saw modest gains in Japan and Hong Kong, slipped in China and Australia, and were little changed in South Korea. Futures on the S&P 500 edged higher after the gauge closed lower, with almost six shares falling for every one that gained. The tech-heavy Nasdaq earlier dropped from a record intraday high, while airlines and hotels were particularly hard hit. Traders monitored reports that some top advisers in the Trump administration are weighing proposals to undermine Hong Kong’s dollar peg to the greenback, as officials consider options to punish China for recent moves to clamp down on freedoms in the former British colony.Benchmark Treasury yields kept overnight declines and gold traded near the highest since 2011. The dollar was steady. Brazil’s currency and stocks earlier slumped as President Jair Bolsonaro said he had tested positive for Covid-19.Investors are pausing after a ferocious rally that fueled the S&P 500’s best winning streak this year. Federal Reserve Bank of Atlanta President Raphael Bostic said the renewed spread of coronavirus may threaten the pace of the recovery as businesses and consumers put plans on hold.“It’s not unusual for stocks to take a breather at this point,” Susan Schmidt, a portfolio manager at Aviva Investors, said on Bloomberg TV. “We could see ourselves in a bit of a trading range in the next couple of weeks,” before U.S. earnings season ramps up.Elsewhere, stocks slipped in Europe as officials lowered economic growth forecasts. Oil fluctuated around $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections.Here are some key events coming up:The EIA crude oil inventory report comes Wednesday.All eyes will be on the U.S. weekly jobless claims report on Thursday.Singapore holds its general election on Friday.These are the main moves in markets:StocksFutures on the S&P 500 Index rose 0.2% as of 10:25 a.m. in Tokyo. The index fell 1.1% on Tuesday.Japan’s Topix index Nikkei 225 rose 0.3%.Hong Kong’s Hang Seng index climbed 0.4%.South Korea’s Kospi index slid 0.1%.Australia’s S&P/ASX 200 Index retreated 0.2%.Euro Stoxx 50 futures dipped 0.4%.CurrenciesThe yen was at 107.58 per dollar, down 0.2%.The offshore yuan traded at 7.0245 per dollar.The euro bought $1.1270, little changed.BondsThe yield on 10-year Treasuries stayed at 0.64%.Australia’s 10-year yield remained at 0.88%.CommoditiesWest Texas Intermediate oil fell 0.1% to $40.61 a barrel.Gold was at $1,793.62 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of EBK.DE earnings conference call or presentation 15-May-20 11:00am GMT

    Q1 2020 EnBW Energie Baden Wuerttemberg AG Earnings Call

  • Thomson Reuters StreetEvents

    Edited Transcript of HAPV3.SA earnings conference call or presentation 21-May-20 2:00pm GMT

    Q1 2020 Hapvida Participacoes e Investimentos SA Earnings Call

  • Fox Business

    Some airlines resume alcohol service during coronavirus with a catch

    Here are the airlines that are resuming alcohol service on flights despite coronavirus.

  • Canopy Growth Corporation (CGC): Are Hedge Funds Right About This Stock?
    Insider Monkey

    Canopy Growth Corporation (CGC): Are Hedge Funds Right About This Stock?

    We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

  • Here is What Hedge Funds Think About DBV Technologies SA (DBVT)
    Insider Monkey

    Here is What Hedge Funds Think About DBV Technologies SA (DBVT)

    The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

  • GlobeNewswire

    89bio Announces Pricing of Upsized Public Offering of Common Stock

    SAN FRANCISCO, July 07, 2020 -- 89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies.

  • Is Radware Ltd. (RDWR) A Good Stock To Buy?
    Insider Monkey

    Is Radware Ltd. (RDWR) A Good Stock To Buy?

    We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

  • Hedge Fund Sentiment Is Stagnant On Ituran Location and Control Ltd. (ITRN)
    Insider Monkey

    Hedge Fund Sentiment Is Stagnant On Ituran Location and Control Ltd. (ITRN)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

  • Oil Stuck Below $41 With Signs U.S. Crude Stockpiles Swelled
    Bloomberg

    Oil Stuck Below $41 With Signs U.S. Crude Stockpiles Swelled

    (Bloomberg) -- Oil was anchored near $41 a barrel with an industry report signaling a surprise gain in U.S. crude stockpiles, while concerns linger about the threat to demand from rising coronavirus infections.The American Petroleum Institute reported inventories rose by 2.05 million barrels last week, with Cushing supplies expanding for the first time since early May, according to people familiar with the data. Official figures are due Wednesday. Meanwhile, the virus set records across the U.S., with Texas’s daily cases, Arizona’s deaths and California’s hospitalizations hitting new highs.Oil’s rally from its plunge below zero in April has stalled with rising infections leading to the reintroduction of stricter measures to curb the spread, raising concerns demand may be derailed. OPEC+ is also poised to ease its historic supply cuts next month, with Reuters reporting the U.A.E. is planning to increase crude exports by as much as 300,000 barrels a day in August.U.S. gasoline stockpiles fell by 1.83 million barrels last week, the API reported on Tuesday. The Energy Information Administration is expected to report inventories of the motor fuel rose by 550,000 barrels, while nationwide crude inventories dropped by 3.25 million, according to a Bloomberg survey.“We could see WTI trading back below $40 per barrel in the near term, especially if concerns over the surge in Covid-19 cases in the U.S. continues,” said Warren Patterson, head of commodities strategy at ING Bank NV in Singapore. “The market will be watching the gasoline inventory numbers closely, along with implied demand.”See also: Australia’s Second-Largest City Re-Enters 6-Week Virus LockdownCoronavirus cases in the U.S. rose 1.8% from a day earlier to 2.96 million, according to data compiled by John Hopkins University and Bloomberg News. European officials warned that the impact of the pandemic may be worse than previously estimated and that the recovery may take longer because of a slow easing of restrictions.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Vivint Solar, Inc.
    PR Newswire

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Vivint Solar, Inc.

    WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vivint Solar, Inc. ("VSLR" or the "Company") (NYSE: VSLR) in connection with the proposed acquisition of the Company by Sunrun, Inc. ("RUN") (NASDAQ: RUN). Under the terms of the agreement, VSLR shareholders will be entitled to receive 0.55 shares of RUN common stock for each VSLR share that they own, representing implied per-share merger consideration of $14.39 based upon RUN's July 7, 2020 closing price of $26.17.

  • Reuters

    UK's Sunak to map out next moves in COVID recovery plan

    British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown unemployment crisis in the world's sixth-biggest economy. Sunak is already on course to take Britain's borrowing to World War Two levels as he subsidises 9 million jobs - equivalent to more than a third of private-sector employees - alongside other emergency measures. The 40 year-old former Goldman Sachs analyst, who only became finance minister in February, has won plaudits for setting aside the pro-market instincts of his Conservative Party and putting the state at the heart of Britain's COVID-19 response.

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