Beijing has begun quietly delivering a message to Washington: U.S. pressure over matters China considers off limits could jeopardize Chinese purchases of farm goods and other U.S. exports under the “Phase One” trade deal.
While Mr. Yang reiterated Beijing’s commitment to carrying out the trade deal, he stressed that both sides had to “work together,” said people familiar with the conversations. A Chinese official said that meant “the U.S. side should refrain from going too far with meddling.” The official added, “Red lines shouldn’t be crossed.”
Coronavirus deaths are way down. Mortality rate is one of the lowest in the World. Our Economy is roaring back and will NOT be shut down. “Embers” or flare ups will be put out, as necessary!
Well, it starts with a rise in cases followed by an overburden of medical capacity and then you’ll start to see the mortality rate spike again. I mean, there’s already a precedent as we saw many countries went through this back in March and April. Geez.
But I guess the takeaway for the stock market here is that there will be no major economic shutdown, then again the fear of the virus is something that matters a great deal too.
The Fed says it is capping dividends following Covid-19 sensitivity analysis to ‘ensure large banks remain resilient despite the economic uncertainty’
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