Five Things You Need to Know to Start Your Day

Bloomberg2021-07-12

China’s slowing economic rebound sends a warning to the world. Branson’s blast-off is another step toward space tourism. Sydney’s lockdown is unlikely to be lifted as scheduled. Here’s what you need ...

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Comments

Sriwonc
2021-07-13
Sriwonc
Good info
- TSENR3:
  Like, comment and follow me pls
caijuan
2021-07-12
caijuan
LnC pls
- caijuan:
  done! ;) stay safe
- TSENR3:
  Like, comment and follow me pls
Wallstrtbets
2021-07-12
Wallstrtbets
Better dunno.
- Elon2:
  Good
- TSENR3:
  Like, comment and follow me pls
Ngln
2021-07-12
Ngln
Wow
Cassjo
2021-07-12
Cassjo
Like pls
junan
2021-07-12
junan
Oh

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Here’s what you need to know.\nFading Rebound\nChina’s V-shaped economic rebound from the Covid-19 pandemic is slowing,sending a warning to the rest of worldabout how durable their own recoveries will prove to be. Data on Thursday is expected to show growth eased in the second quarter to 8% from the record gain of 18.3% in the first quarter, according to a Bloomberg poll of economists. The economy was always expected to descend from the heights hit during its initial rebound and as last year’s low base effect washes out. But economists say the softening has come sooner than expected, and could now ripple across the world.\nStarting Up\nAsian stocks are set tostart the week higherafter U.S. equities chalked fresh records Friday in a broad-based rebound. The Australian dollar dipped in early trading as Sydney’s worsening virus cases threaten to lengthen a lockdown. Futures rose in Japan, Australia and Hong Kong. Major U.S. benchmarks ended last week at all-time highs as investors continued to bet that global growth remains on track despite new Covid-19 variants. China’s central bank cut the amount of cash most banks must hold in reserve, underpinning gains, and the government proposed new rules on companies listing overseas. Treasuries snapped an eight-session rally and the dollar dipped against major peers.\nSpace Success\nBillionaire Richard Branson’s long-awaited test flight to space, taken alongside five of his Virgin Galactic employees,bolsters the company’s planto debut tourism trips next year. The VSS Unity space plane detached from a carrier aircraft high over New Mexico and rocketed to a speed of Mach 3 on its way to an altitude more than 53 miles (86 kilometers) above the Earth. Virgin Galactic’s test flight demonstrated that such trips, once the stuff of science fiction, are becoming increasingly realistic.  Later this month Amazon.com Inc. founder Jeff Bezos plans to fly on a rocket made by Blue Origin, his space venture. Both companies envision businesses catering to wealthy tourists willing to pay top dollar for a short period of weightlessness and an unforgettable view of the Earth.\nTax Timeline\nU.S. Treasury Secretary Janet Yellen began toput a timelineon when the Biden administration hopes Congress can take up two key portions of a global tax agreement endorsed Saturday by Group of 20 finance ministers in Venice. Speaking to the press on Sunday, Yellen declined, however, to signal whether she believes part of the plan will require a two-thirds vote in the Senate, an impossible hurdle unless Republicans come round to supporting the deal. She reiterated that she hoped Congress would approve the portion of the deal that would impose a global minimum tax rate on corporations of at least 15%.\nSelling Vaccines \nIndonesia’s state-owned pharmaceutical company PT Kimia Farma willstart selling vaccinesto the public on Monday as the country seeks to accelerate inoculations and achieve herd immunity by the end of the year. Meanwhile, Sydney’s lockdown, costing some A$1 billion a week, is “highly unlikely” to be lifted as scheduled next week as virus cases continue to rise, authorities said Sunday. Plans for a travel bubble between Australia and Singapore have beenpushed backto the end of 2021. In France, a key ally of President Emmanuel Macron said the nation must“live with the virus”rather than count on a new lockdown to contain the spread of a new variant of Covid-19.\nAnd finally, here’s what Tracy’s interested in today\n\"The bottom line is that the U.S. economy is booming, but this is now a known known and asset markets reflect it,\" says Morgan Stanley Strategist Michael Wilson. \"What isn’t so clear anymore is at what price this growth will accrue.\"\nA key variable in that “price” is labor costs and one of the big questions facing markets now is the degree to which Covid has sparked a structural shift towards tighter labor markets and higher wages. 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Already there are signs that the worker shortage may be easing, with Alexander saying that in U.S. states that have ended the enhanced unemployment benefits started in the depths of the Covid crisis last year, Omni is seeing a big jump in job applications, although there \"remain challenges.\"","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":142232412,"gmtCreate":1626151646136,"gmtModify":1703754389283,"author":{"id":"3586424409701165","authorId":"3586424409701165","name":"Sriwonc","avatar":"https://static.tigerbbs.com/264a5cfcdc2db585d9b139a4c4d7b11d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3586424409701165","idStr":"3586424409701165"},"htmlText":"Good info","listText":"Good info","text":"Good 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pls"}],"langContent":"EN"},{"id":146407283,"gmtCreate":1626095142542,"gmtModify":1703753218383,"author":{"id":"3582062933000410","authorId":"3582062933000410","name":"caijuan","avatar":"https://static.tigerbbs.com/d8a17720a5c0f395b13091ea9090ad43","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582062933000410","idStr":"3582062933000410"},"htmlText":"LnC pls","listText":"LnC pls","text":"LnC pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/146407283","repostId":1172063633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5237712,"gmtCreate":1626420105588,"gmtModify":1663231050928,"authorId":3582062933000410,"author":{"id":3582062933000410,"idStr":"3582062933000410","authorId":3582062933000410,"name":"caijuan","avatar":"https://static.tigerbbs.com/d8a17720a5c0f395b13091ea9090ad43","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146407283,"type":1,"supId":5205727,"prevId":0,"content":"done! ;) stay safe","text":"done! ;) stay safe","html":"done! ;) stay safe"},{"id":5205727,"gmtCreate":1626169324186,"gmtModify":1663230906839,"authorId":3584655084310997,"author":{"id":3584655084310997,"idStr":"3584655084310997","authorId":3584655084310997,"name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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