Insights

• Fed left rates near zero, said “the economy will depend significantly” on the course of coronavirus, extended dollar swap lines and temporary repo facility
• Melbourne’s virus surge dwarfs the first outbreak and is .

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Some people think coronavirus is a matter of life and death; it’s much more serious than that. Bill Shankly was not joking when he said it of football, neither are we when we say it of the virus.

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• US relief package still needs work, even Mitch McConnell pushed back on President Trump’s attempt to include $1.75bn for a new FBI headquarters in downtown Washington in the proposal
• US infections rose but California and Arizona saw infections slow
• UK vaccine chief 

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• Senate Republicans unveiled a White House backed $1trn package in new relief that cuts emergency unemployment benefits by two-thirds,  Mitch McConnell said “we have one foot in the pandemic and one foot in the recovery.

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• US coronavirus cases soar, 18 states set single day records; Florida now has more cases than New York
• Republicans prepare latest stimulus offer,

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