Newsletter

[5 books this morning]Carefully selected news to read at the beginning of work –Bloomberg

“Patriot customers should wear a mask.” This is an announcement made at the theater before the opening of “Hamilton,” a Broadway musical that resumed for the first time in a year and a half. In Japan, there are quite a few people in Europe and the United States who resist wearing masks, and the battle over masks can be violent.More than 4 million people in the UK have stopped wearing masks in publicReported by The Guardian.New coronavirusNow that it has become clear that the effectiveness of vaccines declines over time, it is necessary to review the basics of infection prevention once again. Below are five news items to keep in mind as you start your day.

Is the economic zone expanding?

China has a Trans-Pacific Partnership (Trans-Pacific Partnership)Formally applied for membership in TPP). The TPP was originally conceived by the United States with the aim of launching an economic block against China’s growing power, but former President Trump decided to withdraw in 2017, and the content was revised and summarized under the initiative of Japan. rice field. Xi Jinping Jintao has since expressed an interest in participating in 2020, China had promoted the consultation over a period of several months under water. There are currently 11 TPP member countries, and the UK has also applied for membership earlier this year.

China ranking

The World Bank’s annual report, “The Current State of the Business Environment,” is published by the International Monetary Fund (IMF).He pointed out that when Georgiewa was the CEO of the World Bank, he internally pressured China to move up the rankings. Georgiewa said he disagrees with the findings. In a review released last December, the World Bank reported that China’s ranking in the 2018 report issued in October 2017 was not 78th, but should have been seven lower, 85th. rice field.

Unexpected

US retail sales in August increased 0.7% month-on-month,It increased unexpectedly. Demand for cars was weak, but sales growth accelerated in most categories. Excluding automobiles, it increased by 1.8%, the largest increase in 5 months. Demand for services such as travel and entertainment has been curtailed by the influence of the Delta mutant. Eating and drinking establishments, the only category of service-related spending in retail sales statistics, remained flat month-on-month. Core sales, which are used to calculate gross domestic product (GDP), increased by 2.5%, the largest increase in five months.

Next FAANG

Goldman Sachs Asset Management (GSAM) is trying to uncover the future “FAANG”. Goldman Sachs Future Tech Leaders Equity (GTEK), an actively managed ETF launched on the 16th, will incorporate high-tech companies from developed and emerging countries, and Goldman himself will invest with customers. Katie Koch, co-head of fundamental stocks at GSAM, said, “The stock price has risen from an initial public offering (IPO).He said he is working hard to find the next company that will rise 175,000%.

long way to go

German car maker Volkswagen (VW), the head of the Americas business, said car production in the United States would not return to normal levels until late 2022. The reason is that the rapid spread of the new coronavirus infection has caused new supply chain problems in Malaysia. Scott Kio, CEO of VW Group Americas, said the new Corona pandemicHe pointed out that the “structural gap” between semiconductor production and demand has become apparent.

Other hot news

FOMC postpones tapering announcement due to debt cap issue-Guggenheim

FRB Chair Powell directs comprehensive scrutiny of high-ranking officials’ code of ethics over financial transactions

ECB scrutinizes trading operations in next year’s climate change stress test

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