The bets have been laid; the strategies are in place.
Britain is telling its citizens to eat out to save the economy. The Chinese are buying stocks instead. Germany is reaping early dividends from targeting exports success, while Bolsonaro believes hydroxychloroquine can save his life, as well as the lives of thousands of other Brazilians.
Will any of these strategies work? The markets don’t know either, although gold is proving our man Charlie Gibson right again and the FTSE 250 seems to be buying into Rishi’s recipe for recovery.
UK public spending on COVID-19 has soared to £190bn but the housing market’s post-lockdown bounce might run out of steam. Boots is axeing 4,000 jobs, while John Lewis is putting 1,300 positions at risk with eight store closures.
Nvidia has surpassed Intel as the largest US chip maker, but corporate America may have given up on R&D and Trump’s Tulsa rally may have helped the latest spike in US cases. Melania’s statue has been burnt in Slovenia, while US Post Office trucks also have a fire problem.
There are other unanswered questions. Can Alibaba’s Ant get a $200bn IPO through in these conditions? Will the Indian army’s Facebook and Instagram ban work? Why has it taken up to now to have a black Batwoman? And why has no one ever seen a whale shark give birth?
But relax. Michel Barnier got a healthier meal in Downing Street last night. Shame it won’t qualify for the £10 rebate.
The Stream Team