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Premarket stock trading: The reality of catching up with stocks. But what followed was anyone’s guess

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'Catastrophic' one-two punch from coronavirus and Brexit threatens UK
What happened: The S&P 500 plummeted 5.9%, a massive setback that some investors say has passed, with stocks increasingly showing a disconnect from what is happening in the real economy. Every share in the S&P 500 fell except Kroger, according to the Bespoke Investment Group.

The question now is whether an unprecedented intervention by the central bank and other policy makers – with more potential assistance on the road – will be sufficient for stable risk assets, or if they will take other steps.

Some investors think stocks will still fall more given the highly uncertain outlook.

“Recent experience shows that it will become too arrogant because of a stock market decline of this magnitude, which finally seems to reflect some of the increasing weight of bad news in the global economy,” Robert Carnell of ING said in a note to clients Friday.

The sell-off was partly driven by Federal Reserve Chair Jerome Powell’s statement that the US jobs market remained in a very weak position, and that the recovery would be largely determined by programs taken by the virus.

But Carnell noted that Powell really only said what everyone already knew: that the global economy was in a bad place, and that there would not be a quick rebound.

JJ Kinahan, chief market strategist at TD Ameritrade, told me that trading optimism is bound to meet trading reality at some point, bringing the company’s valuation down.

“The reality is when you start to look at numbers, many of these businesses will not open fast enough for the market,” he said.

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In recent weeks, the Federal Reserve’s massive expansion of the balance sheet has given investors confidence to cross back to risk assets. The support hasn’t gone anywhere, and Powell has assured market observers that the central bank will help as long as needed.

More fiscal assistance will also be available. US Treasury Secretary Steven Mnuchin said Thursday that the White House was considering another round of stimulus checks, the Wall Street Journal reported.

But with VIX, a measure of S&P 500 volatility, surging above 40 on Thursday, the highest level since April, the direction of travel for stocks heading into a bleak next week.

“Some investors’ fingers will burn. But others will see this as a buying opportunity,” Carnell said. “After [Thursday’s] adjustments, nobody knows where the market will go. “

One or two blows from Coronavirus and Brexit threaten Britain

The UK is headed for the worst downturn caused by coronaviruses of all major economies. Now concerns are mounting that business could be hit by a second body blow this year – the failure of trade talks with the European Union, my CNN business partner Hanna Ziady reported.

Latest: The economic picture in this country is already terrible. British output shrank a record 20.4% in April compared to the previous month, the government said Friday. The country’s economy is around 25% smaller than in February.

But the situation could worsen further because the country is racing against the deadline to get a trade agreement with the European Union, its biggest single export market, by the end of the year.

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The Organization for Economic Cooperation and Development said this week that it expects the British economy to shrink by 11.5% this year even if a basic free trade agreement with the European Union is reached, and a second wave of infections is avoided.

It was the worst projected contraction among the major economies. And if infections soar again and increasingly stringent social measures are reintroduced, GDP could drop 14%, the OECD said.

On Thursday, the head of the British Industrial Confederation, which represents 190,000 British companies, warned that businesses would not be able to withstand other shocks, with many already struggling to survive.

“The resilience of British business has really come down,” CBI director general Carolyn Fairbairn told the BBC. “Every penny of cash that has been saved, all of the prepared inventory has been used up.”

Corporate America’s calculation of the race gained momentum

Protests around the world against police brutality and systemic racism are pushing companies to make changes to company policy and leadership, with announcements from Silicon Valley to the retail sector and startup world that have accumulated throughout the week.

Some changes: Sephora said it would dedicate 15% of its shelf space to black-owned brands, while Walmart said it would end the practice of locking black hair care products sold in its stores. The Walgreens drugstore chain and CVS Health follow, AP reports.

Even bankrupt stocks surged in the latest market rally

Meanwhile, Audrey Gelman resigned Thursday as CEO of The Wing, a startup that works together for women. Members and workers have spoken in the past about racist incidents and persecution. Officials at the Refinery29 website and media giant Condé Nast also left this week following criticism of the company’s culture.

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And Nike said on Thursday that it would make Juneteenth (June 19) – a celebration of the end of slavery in the United States – a company holiday, joining Twitter, Square and Vox Media.

But so far, Corporate America has avoided talking about police deforestation.

My CNN Business Partner Chauncey Alcorn reached out to a number of Fortune 500 companies that issued public statements supporting the Black Lives Matter movement in recent days, including Amazon, Facebook, Twitter, Bank of America, Chase Bank, Citigroup and Google. Nobody said they supported denudation of the police department.

Next

The University of Michigan consumer sentiment survey for June arrives at 10 am ET.

Coming next week: A string of closely watched economic data for May, including retail and housing sales, begins in the United States.

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PAN wants to abolish fees for teaching Portuguese abroad

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PAN wants to abolish fees for teaching Portuguese abroad

O PAN has submitted a draft to Parliament to stop collecting tuition/entry fees for young Portuguese and descendants of Portuguese who attend or will attend Portuguese language teaching abroad.

The diploma, which was presented this Wednesday to the Assembly of the Republic, refers to a petition signed by 4,524 people that was delivered to Parliament in the previous legislature. Petition titled “Portuguese for all! Concerning the right of our children and young people to study Portuguese abroad, it proposes to “protect and strengthen the teaching of Portuguese among children and young people of Portuguese and Portuguese living abroad”.

PAN understands that the formal learning of the Portuguese language by Portuguese children and young people living abroad is “more than the right of these children and young people, is the responsibility of the state” and is a way to ensure the continuity of “Portuguese across borders”.

“Petition No. 168/XIV/2.ª gives the Assembly of the Republic the opportunity to review the state of the official network of teaching Portuguese abroad for the Portuguese and the descendants of the Portuguese, as well as to consider its problems and the causes of these problems. “, – says PAN.

The party, led by Inés Sousa Real, warns of “a small number of students studying Portuguese abroad” and justifies this fact with “mandatory attendance rates applicable to all students”.

“Currently, the school has about 20,000 students, which is a third of what it was in 2008. This situation is largely justified by the fact that in the 2012/2013 academic year there was a mandatory attendance rate for all students, which meant revenge on the idea that there are constitutional rights for the Portuguese community abroad, but they can only be exercised if they are paid, which is regrettable,” the document says.

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PAN also reports that even during the pandemic, students had to continue paying tuition fees “despite being unable to attend remote classes due to a lack of necessary resources.”

“In the previous legislature, the PAN at the headquarters of the Education Commission requested the Minister of Education for the designation of the revenues generated from the collection of tuition fees, but never received a clear answer,” the party points out, also mentioning that he had already submitted a draft resolution about the abolition of tuition/registration fees for these young people who are “only not moving forward due to the dissolution of the Assembly of the Republic”.

“As part of this initiative, PAN, in an effort to address this clearly defined problem, is proposing to abolish tuition fees for all Portuguese and Portuguese young people who attend or will attend Portuguese language teaching, from January 1, 2023, as this makes no sense in constitutional law payable, and that students have to pay for what is already funded by the Portuguese state,” the document says.

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What Makes Professional AV Solutions the Top Priority in Business Meetings

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Do you need someone to get you the most promising professional AV control solutions but don’t know specifically when the market is overflowing with choices? Well, don’t you worry anymore because we have tons of choices right at your disposal for the best experience, be it for your office or even for educational purposes.

A professional AV solution’s major work is to ensure that you can have a one-of-a-kind experience, and this stands not only for meetings but even for presentations.

The AV solution is one where there is a huge display, and each of the members in the room can see and hear the deeds of the presentation very easily. Not only that, it is different from the monotonous lectures and adds a bit of spark, making people more engaged. After all, visual aids are always great for a better impact.

Affordable AV Solutions with Biamp Systems

However, the problem many people face at this juncture is that they do not end up finding someone who offers quality services and that too by not charging a bomb. It could be difficult to shell out a lot of money for the initial setup or maintenance; hence, finding someone affordable is very important. Biamp Systems ensures you have the most amazing experience, and that too by not having to spend too much.

The idea always has been to provide the best of services close price range. However, this has not come in the way of the high quality; that is what they have taken up as a motto. If you want good services at a price range that is convenient for everyone, then Biamp Systems is the name that you should believe in.

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Conclusion

So, if you want to offer a great audio-visual meeting experience to all the participants from different geographical locations, you must opt for professional AV Solutions today. Connect with team Biamp Systems and place your order.

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Portuguese club sign Matheus Pereira from Cruzeiro

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Portuguese club sign Matheus Pereira from Cruzeiro

Credit: Bruno Haddad / Cruzeiro

Boavista received a positive response from Cruzeiro for the final transfer of Matheus Pereira. The left-back, first of all, is the request of coach Armando Petit to replace Janis Amas, who is due to leave the club in the coming days.

O Torcedores.com It turned out that the clubs started the exchange of documents this Wednesday morning (29) and the purchase of the defender is in full swing. Now Boavista is looking to get past the red tape to finally announce the signing of the player.

Mateus Pereira has a contract with Cruzeiro until June 2023 and is on loan from Guarani until the end of the current season. The club from Sao Paulo has already been informed that it will lose the left-back in the next transfer window.

Also according to the report, Boavista will invest 3 million euros (16.6 million reais at the current price) to get 60% of the economic rights for four seasons. Cruzeiro, in turn, will keep 40% of the season ticket for future sale.

Mateus Pereira was one of the full backs, according to the Boavista Market Analysis Center, since 2021 I have kept a player in my field of vision. At first, the deal will be on a season-long lease.

However, the Minas Gerais club eventually agreed to negotiations when the Portuguese made the final choice in favor of buying the athlete. Recently, Mateus Pereira received a poll from Braga. However, Cruzeiro was not enthusiastic about this business model.

Matheus Pereira held talks with the club from Rio de Janeiro

Having failed to return to Serie A of the Brazilian championship, Cruzeiro placed Matheus Pereira on the list of “fixed” players. In January, for example, he appeared on the radar to protect Fluminense.

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At the direction of Abel Braga, the then tricolor coach, the defender even had a verbal agreement with Fluminense. However, the board backed out of the deal shortly after signing Chris Silva from Sheriff Moldova and Mauricio Pineyda, who was at Barcelona, ​​Ecuador.

Out of coach Paulo Pezzolano’s plans, the left-back was loaned out to Guarani until the end of the current season. Bugre has 23 matches, three goals and one assist. In addition, he is one of the best players in the Brazilian Serie B position.

Matheus Pereira figures

Matheus Pereira, based on the basic categories of Cruzeiro, arrived at Toca da Raposa II in 2017. He belongs to the same generation as goalkeeper Gabriel Braçao, defender Kaka, right-back Vitinho, midfielder Mauricio, striker Cayo Rosa and others.

With these players, Matheus Pereira won the 2018 Under-20 Mineiro Championship. Two years later, coach Adilson Batista promoted the player to the first team, who decided to bet on the first team to form a squad that would play for the first time. in series B.

In two seasons, he established himself as the owner of the left back of Rapos. At the same time, he represented the club in 61 matches, scored one goal and made three assists.

This season, for example, 21-year-old Mateus Pereira has made 23 appearances for Guarani: 12 in Brazil’s Serie B, two in the Brazilian Cup and nine in the Campeonato Paulista. In addition, he scored three goals, provided an assist and spent 2033 minutes on the field.

Highlights: Cruzeiro 2 x 0 Ponte Preta (Serie B). Watch the video!

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