Dow futures briefly sink 400 points as Trump trade adviser declares China trade deal ‘over,’ then walks it back

U.S. stock-index futures Monday night briefly skidded by more than 400points, after White House trade adviser Peter Navarro implied to FoxNews in a late-Monday interview that a hard-fought trade agreement thatwas signed with China in January had been terminated by President Donald Trump.

Later, Navarro said his comments were taken out of context andthe phase-one pact remained in force. Trump also tweeted that the agreement was intact.

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Dow futures briefly sink 400 points as Trump trade adviser declares China trade deal ‘over,’ then walks it back - MarketWatch

Corruption: COVID 19: Assessing the Global Corruption Fallout

Corruption is bad today, but bound to get worse. Governments’ response to the COVID 19 pandemic amplifies the opportunities for abuse.

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https://www.theglobalist.com/coronavirus-pandemic-covid19-corruption-transparency-international-populism-china-russia/

USA - Wholesale - Costco: The Enduring Enigma of Costco's $1.50 Hot Dog and Soda Combo

When Costco president W. Craig Jelinek once complained to Costco co-founder and former CEO Jim Sinegal that their monolithic warehouse business was losing money on their famously cheap $1.50 hot dog and soda package, Sinegal listened, nodded, and then did his best to make his take on the situation perfectly clear.

"If you raise [the price of] the effing hot dog, I will kill you," Sinegal said. "Figure it out."

Read more at: The Enduring Enigma of Costco's $1.50 Hot Dog and Soda Combo

Italy's tourism industry braces for 'worst revenue slump in over 20 years'

The country, which welcomed over 60 million foreign tourists in 2018, according to the World Tourism Organization, is now expecting 56 million fewer overnight stays, according to a new survey from Florence's Centrefor Tourism Studies.

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Italy's tourism industry braces for 'worst revenue slump in over 20 years' - The Local

USA - discrimination: Aunt Jemima logo dropped, Uncle Ben's under review as brands confront racial stereotypes

PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday,

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Aunt Jemima logo dropped, Uncle Ben's under review as brands confront racial stereotypes | CBC News

Sweden: Volvo axes more than 4,000 jobs as corona crisis hits demand

 Swedish truckmaker Volvo said the coronavirus pandemic had forced it tocut 4,100 white collar jobs worldwide, including around 1,250 in Sweden.

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Volvo axes more than 4,000 jobs as corona crisis hits demand - The Local

USA - Eonomy: Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter

Morgan Stanley is more convinced than ever that the coronavirus recession will be a “sharp but short” blight on the global economy.

The bank doubled down on its call for a V-shaped recovery Sunday, telling clients in a mid-year review note that the cycle is “more ‘normal’ than appreciated.”

Despite equities largely erasing year-to-date losses, valuations continue to underprice the chance of a swift turn higher, the team led by Chetan Ahya wrote.

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Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter