- President Trump approved Microsoft’s planned purchase of China’s TikTok
- US relief package still contentious, President Trump accused the Democrats of wanting to bail out US cities and states run by their party
- US issued a
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"The Economist: Finance and economics articles summarised (" - 1st August 2020)
Emerging markets
There has been a recovery of sorts after the lockdown effects from fighting the virus as the Fed and others pumped money and governments relaxed fiscal rules.
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Read more"The Day Today" - 3rd August 2020
- The Trump administration will “take action” in a matter of days against Chinese software companies, Microsoft presses on with TikTok deal
- US is entering a different phase of the virus says a Trump medical adviser
- Fed Kashkari
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Read more"The Week That Will Be (" - 2nd August 2020)
1. Payrolls and PMIs – the Mistaken V
The data continues to suffer from collection issues not to mention over-interpretation. We are living through the worst recession of our lifetimes.
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Read more"The Day Today" - 31st July 2020
- Congress look nowhere near a deal yet as benefits are set to expire
- California, Florida and Arizona saw coronavirus deaths hover near record highs as the Midwest fears a surge
- CBI
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