The state has become the new national epicenter for the virus, accounting for around a fifth of all new cases in the U.S.
China's Manufacturing PMI 50.3 in July 2021, expected 50.8, previous
50.9
Bloomberg:
Bloomberg is tracking the progress of coronavirus
vaccines while mapping the pandemic worldwide.
China tries to ease market
fears after Beijing’s education crackdown. Well, their stock indexes are on the brink of a bear market. (weekly chart)
The Senate voted 67-32 to move forward on the bipartisan
infrastructure package.
Brazilian Arabica coffee (/KC) prices declined a bit amid speculation that a looming cold snap in Brazil might be less damaging to crops than originally expected.
FXI China large-cap ETF looking troubled..
Beijing’s crackdowns of its technology and education sectors has unleashed shockwaves across global markets..
New-home sales drop 6.6% in June to 676,000 annual rate.
Floods in central China, especially in the industrial and transport hub city of Zhengzhou in Henan province, have raised supply concerns and demand for rebuilding damaged infrastructure – so Copper is up.
Even as demand for crops has surged, a confluence of factors has conspired to squeeze global supply. Droughts in North and South America have curtailed output. Brazil’s winter-wheat harvest is down by a fifth—and that fifth was meant for export. Besides the container shortage that affects specialty crops such as coffee, the grounding of commercial flights is stranding fresh fruit and vegetables. Rising bulk-shipping rates, up by 150% this year, are adding to the squeeze.
There’s such scant funding for mutation surveillance that one lab in Minnesota with equipment, staff and protocols in place since the beginning of the pandemic spent over a year applying for grants. It even went so far as to try crowd-funding to start doing sequencing. The lab sat underused for all of that time, despite a widespread consensus that mutation hunting is critical work necessary to ending this pandemic and preventing future ones.
Under one, termed business as usual, or BAU2, growth would stall and combine with population collapse. The other, termed comprehensive technology (CT), modeled stalled economic growth without social collapse. Both scenarios “show a halt in growth within a decade or so from now,” the study says, adding, that “pursuing continuous growth, is not possible.”
Sustainability is the answer, she says.
Herbert Stein "Trends that can't continue won't." in 1974
# of civilian Planes currently in the air..
Brazil coffee frost sparks default fears,
crop recovery may take years
An unusual cold snap here, with temperatures dropping to freezing levels in a matter of minutes on the morning of July 20, delivered a blow to the heart of Brazil's coffee belt, damaging trees and harming prospects for next year's crop.
The Brazilian sugarcane crop has been moving at a slower pace compared with the prior 2020-21 crop cycle, as the current crop has been suffering the effects of severe dry conditions.
As a reference, sugar production from April 1 to July 1 added 12.2 million tons, down 8.16%, or nearly 1.1 million tons, year on year.
Despite the scenario of reduced sugar production and strong concerns about further crop losses, the wide carry strategy has triggered the collapse in the Brazilian cash premium to prompt shipment.
Republicans signal major fight coming on debt ceiling. $28.5 trillion debt was added to the national debt during Trump – now they want democrats to figure out how to pay for it.
The CME now has a micro-Crude contract. Symbol mcl and it is 100 barrels. 1/10 the regular contract.
British Columbia declared a state of emergency as the fires snarl transportation and supply chains. Lumber futures rose. However do-it-yourself renovation demand has dropped by a reported 40% at big-box retailers.
