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2021-07-15

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Five Things You Need to Know to Start Your Day

The U.S. has no plans to resume regular high-level economic dialogue with China. Netflix is branchin

Five Things You Need to Know to Start Your Day

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Netflix is branchin","content":"<p>The U.S. has no plans to resume&nbsp;regular high-level economic dialogue with China. Netflix is branching out into video games. And Singapore’s local virus cases reach a 15-month high. Here’s what you need to know.</p>\n<p><b>No Talking</b></p>\n<p>Treasury Secretary Janet Yellen and her staff haveno plansto resurrect the regular U.S.-China economic dialogue that governed ties between the two nations during the Bush and Obama administrations, continuing for now the suspension put in place under President Donald Trump.&nbsp;A spate of U.S. actions in recent days —&nbsp;including aplanned warningto American businesses in Hong Kong, newimport controlsfor China’s Xinjiang region and talks about adigital trade agreementthat would exclude Beijing —&nbsp;underscore how&nbsp;Biden plans to extend and even deepen Trump’s moreconfrontational approach.&nbsp;&nbsp;Former Vice President Mike Pence is calling on&nbsp;Biden to further&nbsp;toughen his stanceon China, including delisting Chinese companies that don’t meet U.S. accounting standards, withholding research funds and demanding that Chinareveal the originsof the coronavirus pandemic.</p>\n<p><b>Awaiting Data</b></p>\n<p>Asian stocks look set for asteady start&nbsp;after Federal Reserve Chairman Jerome Powell&nbsp;signaled&nbsp;more U.S. economic progress is needed before stimulus is pared back and astraders await key China growth data. A raft of key Chinese reports are due, including GDP&nbsp;growth, amid a debate on whether the Asian nation’s economic rebound from the pandemic is peaking. Futures inched lower in Japan and Australia and were steady in Hong Kong. U.S. contracts fluctuated after the S&amp;P 500 and Nasdaq 100 both closed slightly higher on Powell’s reassurance on accommodative policy and reiteration that elevated inflation will likely moderate in coming months. Treasuries rallied and the dollar retreated.</p>\n<p><b>Netflix Branches Out</b></p>\n<p>Netflix&nbsp;is planning anexpansion into video gamesand has hired a former&nbsp;Electronic Arts&nbsp;and&nbsp;Facebook executive to lead the effort.</p>\n<p>Mike Verdu&nbsp;will join Netflix as vice president of game development, reporting to Chief Operating Officer&nbsp;Greg Peters, the company said on Wednesday. Verdu was previously Facebook’s vice president in charge of working with developers to bring games and other content to Oculus virtual-reality headsets.&nbsp;The games will appear alongside current fare as a new programming genre and the&nbsp;company doesn’t currently plan to charge extra for the content, said a&nbsp;person familiar with the situation.</p>\n<p><b>Karaoke&nbsp;Cluster</b></p>\n<p>Singapore’s local virus cases reached a 15-month high on Wednesday with 56 new cases amid aworsening clusterat karaoke lounges, though its health minister said this wouldn’t affect the city’s closely-watched reopening plans.Indonesia surpassed India’s daily Covid-19 case numbers, marking a new Asian virus epicenter, while Australia’s Sydney&nbsp;is now in the third week of astrict lockdownthat on Wednesday&nbsp;was extended&nbsp;until at least July 30. Meanwhile, Moderna hopes to replicate its&nbsp;success with itsCovid mRNA vaccineon other diseases, including flu, HIV and cancer.</p>\n<p><b>Border Talks</b></p>\n<p>The foreign ministers of India and China on Wednesday agreed tocontinue discussionsover the ongoingborder standoffthat started last May in their second in-person meeting in less than a year.&nbsp;India’s Subrahmanyam Jaishankar met China’s Wang Yi on the sidelines of the Shanghai Cooperation Organisation Council of Foreign Ministers conference in Dushanbe, Tajikistan.&nbsp;The two ministers had a “detailed exchange of views” on the current border situation in the northern Indian territory of Ladakh and on other bilateral issues, the Indian foreign ministry said in a&nbsp;statement. The leaders’ agreement&nbsp;to continue&nbsp;talks&nbsp;comes less than a month after Indiashifted 50,000 more&nbsp;troopsto its China border.</p>\n<p><b>And finally, here’s what Tracy’s&nbsp;interested in today</b></p>\n<p>The big news this morning is that the Biden administrationwon't resurrect the U.S.'s old economic dialoguewith China. So even after the departure of Trump, U.S.-China trade relations are a long way from healing. Meanwhile, today also marks a sort of “Super Thursday”&nbsp;for China, with the new reserve ratio requirement (RRR) coming into effect, plus the scheduled release of second-quarter GDP data, which is expected to show a slowdown as some of the country's export boom tails off (expectations are for 8% growth year-on-year versus&nbsp;18.3% seen in the first quarter).</p>\n<p><img src=\"https://static.tigerbbs.com/b5a011d0c2638c783c699cfc8c8963df\" tg-width=\"681\" tg-height=\"384\"></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Things You Need to Know to Start Your Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive Things You Need to Know to Start Your Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 08:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/newsletters/2021-07-14/five-things-you-need-to-know-to-start-your-day-kr448b1h?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. has no plans to resume regular high-level economic dialogue with China. Netflix is branching out into video games. And Singapore’s local virus cases reach a 15-month high. Here’s what you ...</p>\n\n<a href=\"https://www.bloomberg.com/news/newsletters/2021-07-14/five-things-you-need-to-know-to-start-your-day-kr448b1h?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","STI.SI":"富时新加坡海峡指数","000001.SH":"上证指数","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/newsletters/2021-07-14/five-things-you-need-to-know-to-start-your-day-kr448b1h?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183889763","content_text":"The U.S. has no plans to resume regular high-level economic dialogue with China. Netflix is branching out into video games. And Singapore’s local virus cases reach a 15-month high. Here’s what you need to know.\nNo Talking\nTreasury Secretary Janet Yellen and her staff haveno plansto resurrect the regular U.S.-China economic dialogue that governed ties between the two nations during the Bush and Obama administrations, continuing for now the suspension put in place under President Donald Trump. A spate of U.S. actions in recent days — including aplanned warningto American businesses in Hong Kong, newimport controlsfor China’s Xinjiang region and talks about adigital trade agreementthat would exclude Beijing — underscore how Biden plans to extend and even deepen Trump’s moreconfrontational approach.  Former Vice President Mike Pence is calling on Biden to further toughen his stanceon China, including delisting Chinese companies that don’t meet U.S. accounting standards, withholding research funds and demanding that Chinareveal the originsof the coronavirus pandemic.\nAwaiting Data\nAsian stocks look set for asteady start after Federal Reserve Chairman Jerome Powell signaled more U.S. economic progress is needed before stimulus is pared back and astraders await key China growth data. A raft of key Chinese reports are due, including GDP growth, amid a debate on whether the Asian nation’s economic rebound from the pandemic is peaking. Futures inched lower in Japan and Australia and were steady in Hong Kong. U.S. contracts fluctuated after the S&P 500 and Nasdaq 100 both closed slightly higher on Powell’s reassurance on accommodative policy and reiteration that elevated inflation will likely moderate in coming months. Treasuries rallied and the dollar retreated.\nNetflix Branches Out\nNetflix is planning anexpansion into video gamesand has hired a former Electronic Arts and Facebook executive to lead the effort.\nMike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company said on Wednesday. Verdu was previously Facebook’s vice president in charge of working with developers to bring games and other content to Oculus virtual-reality headsets. The games will appear alongside current fare as a new programming genre and the company doesn’t currently plan to charge extra for the content, said a person familiar with the situation.\nKaraoke Cluster\nSingapore’s local virus cases reached a 15-month high on Wednesday with 56 new cases amid aworsening clusterat karaoke lounges, though its health minister said this wouldn’t affect the city’s closely-watched reopening plans.Indonesia surpassed India’s daily Covid-19 case numbers, marking a new Asian virus epicenter, while Australia’s Sydney is now in the third week of astrict lockdownthat on Wednesday was extended until at least July 30. Meanwhile, Moderna hopes to replicate its success with itsCovid mRNA vaccineon other diseases, including flu, HIV and cancer.\nBorder Talks\nThe foreign ministers of India and China on Wednesday agreed tocontinue discussionsover the ongoingborder standoffthat started last May in their second in-person meeting in less than a year. India’s Subrahmanyam Jaishankar met China’s Wang Yi on the sidelines of the Shanghai Cooperation Organisation Council of Foreign Ministers conference in Dushanbe, Tajikistan. The two ministers had a “detailed exchange of views” on the current border situation in the northern Indian territory of Ladakh and on other bilateral issues, the Indian foreign ministry said in a statement. The leaders’ agreement to continue talks comes less than a month after Indiashifted 50,000 more troopsto its China border.\nAnd finally, here’s what Tracy’s interested in today\nThe big news this morning is that the Biden administrationwon't resurrect the U.S.'s old economic dialoguewith China. So even after the departure of Trump, U.S.-China trade relations are a long way from healing. Meanwhile, today also marks a sort of “Super Thursday” for China, with the new reserve ratio requirement (RRR) coming into effect, plus the scheduled release of second-quarter GDP data, which is expected to show a slowdown as some of the country's export boom tails off (expectations are for 8% growth year-on-year versus 18.3% seen in the first quarter).","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}