Strong dollar erodes U.S. competitiveness in farm trade. Weaker currencies makes the cost of food imports in local currency more expensive..
Archives of “April 6, 2020” day
rssUse of financial keywords in newspapers from 1853 – 2016.
Google trends meets financial history.
So many takeaways in one image.
Use of ‘Railroads’ is interesting, as well as ‘Trouble’ (oh boy, 2008)
Trump says if oil price stays the way it is he would do very substantial tariffs
Oil remarks from US President Trump.
The oil price has plunged at the opening to this week’s trade after weekend news and comments. Trump’s latest in that headline cutting a few cents out of it again.
- if oil price stays the way it is he would do very substantial tariffs
- does not think he will need to use tariffs in oil fight
(On that second remark, note that Trump has said a few times from late last week that expects Russia and Saudi to cut production, he’s mentioned by 10m barrels a day, perhaps 15m. Noter also though that the OPEC+ meeting scheduled for today has been put off to April 9. )
US President Trump re hydroxychloroquine drug – “strong signs” it works on the coronavirus
White House press briefing on coronavirus, Trump remarks
- Trump says they’ve bought a “tremendous amount” of hydroxychloroquine
- claims there are “strong signs” it works on the coronavirus
Trump says has a bought 29m doses of the drug
—
Note:
Anthony Fauci, America’s most respected infectious disease expert, and others emphasize that it hasn’t been proven safe/effective
Fauci pictured here behind Trump at an earlier briefing.
Japan press reports a state of emergency to be declared on Tuesday or before
In that post some alarming developments from Tokyo over the weekend:
- Tokyo Metropolitan government confirmed 143 new coronavirus infections on Sunday
- that’s the highest rate of increase on record
- total in Tokyo now is 1,034
- The daily infection rate has more than tripled in just a week
Japan had been ahead of the curve on the outbreak but have since let their guard slip.
US embassy in Japan warned US citizens to make arrangements to return to the US now
An ICYMI from Japan, the US embassy there has said to US citizens in Japan they should
- either return home now or be prepared to remain abroad for an indefinite period
- “If U.S. citizens wish to return to the United States, they should make arrangements to do so now
- The Japanese Government’s decision to not test broadly makes it difficult to accurately assess the COVID-19 prevalence rate”
This comes amidst a resurgence of cases in Tokyo specifically
- Tokyo Metropolitan government confirmed 143 new coronavirus infections on Sunday
- that’s the highest rate of increase on record
- total in Tokyo now is 1,034
- The daily infection rate has more than tripled in just a week
Thought For A Day
