The U.S. has set a record for newcases on Tuesday for the fourth time in a week, reporting more than 136,000 new cases — the highest in a single day since the start of the pandemic.
In the apparent belief that “lower for longer” now means “lower forever”, investors have been piling into EM assets in recent weeks.
However, this may be balanced by a decline in European and Chinese investment, with the impact of the latter on global trade heightened if China was to engineer a partial switch from investment in resource-heavy construction to forms of infrastructure spending such as water purification that are not very commodity intensive.
On Tuesday, Minnesotathat limit gatherings and target situations where young people congregate. much of the state is seeing the worst surge since the pandemic started. And Wisconsin Governor Tony Evers gave an unusual prime-time address, advising people to stay home and calling on businesses to expand work-from-home options.
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- Major American retailers including Wal-Mart, Target (TGT, Fortune 500), and Kmart all opened their stores on Thanksgiving to get a jump on the holiday gift shopping season. Wal-Mart even went as far as to open its stores two hours earlier this year than it did last. But Costco (COST, Fortune 500) refused to join the trend of "Black Friday creep" and kept its doors shut. Chief executive Craig Jelinek thought giving his workers a day off was more important than increasing his company's bottom line.
Allegheny County, Pennsylvania, to give update on cases
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University of Pittsburgh Medical Center gives update
Gary Oldman's first film as director in 20 years, and only his second ever, is a biopic of the pioneering 19th-century photographer Eadweard Muybridge, focusing on the affair between his wife, Flora, and Harry Larkyns, the theatre critic he kills. No casting confirmed, but Oldman had been chasing Ralph Fiennes and Benedict Cumberbatch. The man himself will play Muybridge's prosecutor.