What To Watch Out For In The Week Ahead

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Contents

‘There will be death’: Trump warns of ‘toughest week’ ahead

Thousands of military to be sent to states -Trump

Kids totally fall for parents’ hilarious April Fools’ Day prank

Doctors use viral dance to send important message

Lawmakers get creative with how to tell people to stay home

These roomates recreate their commute using their shower as London’s tube

This is a quarantine love story for the ages!

Disney fans recreate ‘Happiest Place on Earth’ in their homes

Dad and daughter brighten up quarantine with dance routine

Tornado captured on camera close up in Arkansas

Singing surgeon stuns with musical covers

Mom fist bumping with baby causes hilarious giggle fit

Footage from locked-down San Francisco shows a deserted ghost town

How to pull off an April Fool’s prank

Pianist in Barcelona serenades neighbors from balcony during lockdown

Baby makes dad’s work from home impossible!

Stir-crazy pub owner serves drinks to cardboard customers

President Donald Trump on Saturday warned that America’s “toughest week” is coming up, predicting “there will be death” as the number of Covid-19 cases surges in the days ahead.

The president said he was committed to supplying hotspots around the country with the medical supplies they need to combat the outbreak, noting that the federal government has set up new field hospitals in several states, and is now ready to handle infected patients in a field hospital in New York.

Also watch: Trump: Probably won’t wear CDC-recommended coverings (Provided by Reuters)

Kids totally fall for parents’ hilarious April Fools’ Day prank

Doctors use viral dance to send important message

Lawmakers get creative with how to tell people to stay home

These roomates recreate their commute using their shower as London’s tube

This is a quarantine love story for the ages!

Disney fans recreate ‘Happiest Place on Earth’ in their homes

Dad and daughter brighten up quarantine with dance routine

Tornado captured on camera close up in Arkansas

Singing surgeon stuns with musical covers

Mom fist bumping with baby causes hilarious giggle fit

Footage from locked-down San Francisco shows a deserted ghost town

How to pull off an April Fool’s prank

Pianist in Barcelona serenades neighbors from balcony during lockdown

Baby makes dad’s work from home impossible!

Stir-crazy pub owner serves drinks to cardboard customers

“We will move heaven and earth to safeguard our great American citizens,” Trump said.

But he signaled his growing impatience with the stringent social distancing measures states had put in place around the country, which have sent the economy spiraling rapidly downward.

The world is battling the COVID-19 outbreak that the World Health Organization declared a global pandemic.

(Pictured) A bicyclist and her dog pedal through the empty streets of Queens, New York, on April 5.

Two women practice social distancing while talking on Commonwealth Avenue Mall on April 4 in Boston.

A medic of the Elmhurst Hospital Center medical team reacts after stepping outside of the emergency room on April 4 in the Queens borough of New York.

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Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauc speaks during the daily briefing on the COVID-19 at the White House on April 4 in Washington, DC.

Members of the media tour the field hospital setup for coronavirus (COVID-19) patients at the Ernest N. Morial Convention Center on April 4 in New Orleans, Louisiana. The convention center will start taking patients tomorrow with room for 1,000 COVID-19 positive patients to alleviate stress on local hospitals.

A makeshift sign in support of first responders and essential workers is pictured on Los Feliz Blvd in Los Angeles, on April 4.

A volunteer helps fill cars with food and home staples as the Jacobs and Cushman San Diego Food Bank helps thousands at a drive-through food bank in Del Mar, on April 3.

Felix Hassebroek is comforted by his mother Naomi Hassebroek as he reacts to the end of a live stream meet up with classmates, who he has not seen in 2 weeks, during the outbreak of COVID-19 in Brooklyn, New York, on April 3.

A New York City Parks Department worker removes a basketball hoop April 3 to discourage people from playing together in a closed public park during the outbreak of the coronavirus in New York.

Father Brian Mahoney hears drive-up confessions in the parking lot of St. Mary’s Catholic Church in Chelmsford on April 1.

The marquee for the Iowa Theater closed in response to the coronavirus outbreak, is seen on John Wayne Drive on April 1 in Winterset, Iowa.

A healthcare worker sits on a bench near Central Park in the Manhattan borough of New York City, Mar. 30.

Slideshow by photo services

“We have to open our country again,” Trump said. “We have to open our country again. We don’t want to be doing this for months and months and months.”

The president’s comments came after New York Gov. Andrew Cuomo praised the Chinese government and Oregon officials for shipping more than 1,000 ventilators to New York in response to the area’s ballooning number of coronavirus patients.

In a news conference on Saturday, Cuomo said 1,000 ventilators from China were expected to arrive at John F. Kennedy International Airport on Saturday; Oregon is loaning New York an additional 140 ventilators, he said.

The fresh supplies could delay an urgent equipment shortage that Cuomo warned on Thursday could arrive within a week, as New York officials brace for the epidemic to crest in their state.

Nationwide, the number of cumulative confirmed cases has surged past 300,000, along with more than 8,000 deaths from complications related to the virus. While several states are seeing worsening local outbreaks, New York has suffered the most confirmed cases and deaths in the U.S. thus far: More than 600 people have died since Friday, bringing the state’s tally to 3,565 deaths. More than 113,000 have tested positive for the virus.

“We’re all in the same battle here and the battle is stopping the spread of the virus,” Cuomo told reporters in Albany. “Stop the virus here. It’s better for the state of Oregon, it’s better for the nation.”

A group of patients who tested positive for Covid-19 were meanwhile isolated and treated aboard the USNS Comfort hospital ship docked in Manhattan, a Navy spokesman confirmed Saturday, as part of a shift from the military vessel’s planned role in the city’s battle against the novel coronavirus.

Officials initially said the ship would not treat coronavirus patients when it arrived in New York, but would instead take on other patients to free up beds at local hospitals focused on combating the pandemic.

But a handful of patients who transferred to the Comfort for treatment on Friday tested positive for Covid-19, Navy Lt. Cmdr. Ashley Hockycko told POLITICO. The patients were isolated and cared for during their time aboard the Comfort, and were being transferred to a FEMA overflow hospital at the city’s Javits Center.

“Our medical experts on board are well prepared for cases like this, and have taken the appropriate precautionary measures,” Hockycko said in a statement. “The Comfort is capable of continuing its mission.”

The Comfort is staffed by 1,200 medical personnel and equipped with operating rooms, a medical laboratory, a pharmacy, digital radiology, a CAT scan, two oxygen-producing plants and a helicopter deck.

Patients initially required a negative test for the disease before arriving to the Comfort for treatment, Hockycko said. Now, the ship is accepting asymptomatic patients who will be isolated and tested immediately after their arrival.

If the patients test positive for Covid-19, the Navy spokeswoman said, authorities will transfer the patients to the Javits Center “as soon as practical.”

Cuomo’s administration has estimated that 37,000 ventilators will be needed when the outbreak’s “apex” arrives in New York, a prospect he said could arrive within days and threatens to overwhelm the state’s hospital system. New York officials are particularly concerned about the growth of new cases in Long Island.

An earlier order from China for 17,000 ventilators ultimately only yielded about 2,500 machines, the governor said. The federal government has sent about 4,000 ventilators.

Cuomo noted that the total federal stockpile of ventilators was only about 10,000, and confirmed Trump’s comments during a Friday briefing that the federal government had sent additional ventilators to New York that day — though he did not supply the exact number.

In neighboring New Jersey, Gov. Phil Murphy announced that another 200 of the state’s residents have died from Covid-19-related complications since Friday, bringing the total statewide to 846. As with New York, more New Jersey residents have been killed from complications related to the virus than lost their lives in the terrorist attacks on 9/11, Murphy noted.

Trump has been sparring with Democratic governors over their demands for more federal help, and on Friday the president said he doubted New York truly needed more ventilators, which are critical for treating the severe respiratory symptoms caused by the virus.

“We happen to think that he is well served with ventilators,” Trump said. “We will find out. But we have other states to take care of.”

© Win McNamee/Getty Images President Donald Trump.

What To Watch In The Week Ahead?

U.S. equities rallied sharply at the end of last week as did the dollar, despite the NFP disappointment.

The headline number for the rise in jobs came short of analysts’ expectations, “164K vs. 193K forecast”, but the previous month’s figure was revised up by 32K. Average hourly earnings also came in below expectations, growing by 2.6% YoY. The bright spot was the unemployment rate which dropped to an 18-year low at 3.9%.

Overall the labor market remains solid, and with rising inflation the Federal Reserve will persevere with monetary policy normalization. However, there isn’t enough indication yet of the economy overheating, suggesting that two more rate hikes for 2020 will remain the base case scenario.

With the U.S. earning season coming closer to an end, politics are likely to dominate again. Here’s what to watch for the week ahead.

Decision on China, Nafta talks

The first round of negotiations between China and the U.S. ended on Friday with no breakthrough. Although China said some progress was made in trade talks, there weren’t any tangible results. The U.S. demanded China cut the trade deficit by at least $200 billion by the end of 2020, which to many economists seems a mission impossible. The ongoing negotiations might have bought some time and eased tensions in the short-run, but investors will remain alert for another round of trade threats. Markets will closely scrutinize any statement from President Trump on this front.

The negotiation skills of team Trump will be tested again next week, as Nafta talks resume. According to U.S. Trade Representative, Robert Lighthizer, failure to complete trade negotiations with Canada and Mexico in the next two weeks could put the agreement in jeopardy. The Canadian dollar and Mexican peso would be hit hard if a deal doesn’t come through.

Iran Nuclear deal

With oil trading at its highest levels in more than three years, investors are in “wait-and-see” mode on whether to push prices to new highs or start taking some profit. Over the past few weeks, Trump has been criticizing the Iranian nuclear deal and is set to withdraw from it on 12 May, unless his European allies agree to fix the deal. Although oil prices have benefited from tighter supplies, a lot of risk premium has been priced in due to Trump’s threat. However, it’s challenging to know the magnitude of reimposing sanctions on oil exports from Iran. That’s why analysts’ expectations varied widely on this front. Whether exports will be hit by 100 thousand or 1 million depends on the nature of the new sanctions. How will Europe react? Will sanctions hit banks and businesses dealing with Iran? How will Iran respond? What about the impact on Middle East politics? Until we get answers to these questions, it’s difficult to estimate the impact on Iranian oil exports. However, prices may remain elevated and even reach $80 in the short run.

Bank of England

A couple of weeks ago, it looked certain that the Bank of England would be hiking rates by 25 basis points, during its May policy meeting. This was before a round of disappointing UK economic data and BoE Governor Carney seemingly backtracking once again from his previous tone that the markets should prepare for an interest rate rise. It is now expected that the BoE will look to raise interest rates gradually and is conscious that there are other meetings over the course of 2020 to raise UK interest rates. As a result, the pound plunged by more than 800 pips from its 17 April peak. While a rate hike is off the table for now, forward guidance may lend the GBP some support, especially if new voices were added to Michael Saunders and Ian McCafferty, who voted for a rate hike in the last meeting.

What to watch in the week ahead

Investors will focus on a Fed rate decision, the jobs report, and the latest results from Apple. Fred Katayama takes a look at the week ahead in the U.S. business world.

Investors will focus on a Fed rate decision, the jobs report, and the latest results from Apple. Fred Katayama takes a look at the week ahead in the U.S. business world.

Category News & Politics
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What you need to know for the week ahead

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It’s Monday, it’s a new week, and while we won’t pretend we know everything that’s going to happen over the next seven days, we have some sense of what is coming up.

Here’s your briefing on some of the most important and interesting stories happening in the week ahead.

1) A court battle brews

What’s happening?

On Tuesday, confirmation hearings will begin into President Donald Trump’s nominee for the US Supreme Court, Brett Kavanaugh.

Why is this important?

If he gets confirmed by the Senate, Mr Kavanaugh will help turn the Supreme Court in a more conservative direction for a generation.

Mr Kavanaugh is likely to be confirmed, but he could face some awkward questions during the hearings.

Chief among them is likely to be: would you excuse yourself from ruling on a case involving the president who nominated you to the top court in the land?

2) How will Venezuela cope?

What’s happening?

The economy in Venezuela, a country of about 30m people, is in freefall – experts warn inflation this year could hit 1,000,000%. So on Saturday, a new minimum wage, 34 times its previous level, came into force to try to help workers.

Why is this important?

It’s far from the first time the government has raised the minimum wage – but it’s never done so to this extent.

This presents businesses, particularly small ones, with a problem: if they stay open and pay their employees the increased wage, they may be forced out of business. But because of price controls on many items, it will be hard for them to balance out the increased costs (a step that could repel customers anyway).

From early this week, we may get a sense of how businesses are coping and whether this move actually ends up making things worse.

More than two million Venezuelans have fled the country since 2020, with hundreds of thousands leaving for neighbouring countries in the past year.

3) Entertaining the masses

What’s happening?

On Sunday, 9 September, the Arirang Mass Games begin in North Korea. Prepare for enormous co-ordinated displays unlike anything else seen anywhere in the world.

Why is this important?

They’re the first Games in five years, and are reportedly being held to give the people of North Korea a morale boost and to help the economy.

Tickets to each event reportedly cost up to €800 ($933; £717) – meaning the country could rake in good money at a time it is still under sanctions from many Western nations.

The colourful displays may well be striking, and will no doubt make headlines, but it’s important to remember that the UN says that children are forced to take part, or to help in the build-up.

How big will these Games be? If the sneaky satellite images taken in the past two weeks are any indication, they’re going to be very big indeed.

4) A final showdown in Syria?

What’s happening?

The last big battle in the seven-year Syrian war looks like it could be about to begin.

Why is this important?

There are about three million people living in north-western Idlib province, the last major area held by the opposition.

The province is dominated by jihadists and rebel fighters, though most of the people there are civilians. Many fighters and their families have been evacuated there from other rebel-held areas under truce deals with the government.

A major build-up of the military outside Idlib has already started and Russia, the Syrian government’s ally, has been stepping up its presence nearby in the Mediterranean Sea.

Meanwhile, Russia and Syria have accused rebel fighters of preparing to use chemical attacks in Idlib to blame pro-government forces.

UN investigators say government forces have used chemical weapons several times during the conflict, despite Syria’s denial.

5) Tech giants in the spotlight

What’s happening?

Executives from Facebook, Twitter and Google will give evidence on Wednesday about what they are doing to stop foreign powers from using their online platforms to influence US politics.

Why is this important?

We’re two months away from the US mid-term elections, that will help shape the country’s politics for the next two years and beyond.

After Russian attempts to influence voters in the 2020 presidential election via social networks, there’s a lot of attention on who might be trying to do the same this time around.

So are tech companies doing enough in 2020? What evidence have they seen that foreign powers are trying to meddle?

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