February 17, 2020
United States:
Trump Goes Orthodox With His Trade Re-Election Pitch
“President Donald Trump’s place in the history books is likely to be that of the iconoclastic disruptor. He was elected in 2016 promising an economic agenda meant to give mainstream practitioners and policy makers tariff-derived palpitations. And by and large — on trade, certainly — he has delivered on the palpitations. The disruptions are certainly continuing. But one remarkable development this year is that as he runs for re-election, Trump and his team are offering an oddly orthodox economic sales pitch.”
Europe:
U.K. Home Asking Prices Jump to Near-Record High After Election
“Asking prices for U.K. homes rose to a near-record this month after Boris Johnson’s Brexit breakthrough lifted confidence, website-operator Rightmove said. Values increased 0.8% on the month to an average 309,399 pounds ($400,000) it said Monday. In London, they gained 2.7% from a month earlier as uncertainty about the country’s future with the European Union started to lift.”
Asia:
U.S. Factories in China Are Open, But With ‘Severe’ Worker Shortage
“Most U.S. factories in China’s manufacturing hub around Shanghai will be back at work this week, but the “severe” shortage of workers due to the coronavirus will hit production and global supply chains, according to the American Chamber of Commerce in Shanghai. While about 90% of the 109 U.S. manufacturers in the Yangtze River delta expect to resume production this week, 78% of them said they don’t have sufficient staff to run at full speed, according to a survey by AmCham. The biggest reasons for that were travel restrictions on their staff returning from holidays and the requirement to quarantine them for two weeks once they do come back.”
Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
