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The Dow slumped because investors became afraid of the economy



A face mask is seen in front of the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City. - Global stock markets climbed Monday, buoyed by the prospect of further easing of coronavirus lockdowns despite sharp increases in case rates in some countries such as Brazil. Over the weekend, US President Donald Trump imposed travel limits on Brazil, now the second worst affected country after the United States, reminding markets that while the coronavirus outlook is better, the crisis is far from over. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

US stocks plummeted to a close, with all three indexes recording their worst performance since March 16 – when stock selloffs over fears how a pandemic will affect the economy are at their worst.

That Dow (INDU) closed 1,862 points, or 6.9%, lower. The index fell back below 26,000 points for the first time since the beginning of the month.
That S&P 500 (SPX) ended down 5.9%, closing at the lowest total point since the end of May. Only one S&P stock, wholesale chain Kroger (KR), closed in positive territory.
That Nasdaq Composite (COMP), which reached an all-time high on the first three days of the week, closed 5.3% lower. The index recorded three consecutive all-time highs at the beginning of the week and ended above 10,000 points for the first time in history Wednesday, but on Thursday it fell back to levels not seen since late May.

US crude oil prices closed at $ 36.34 a barrel, down 8.2%.

The increasing number of corona virus cases in the United States has scared Wall Street. The second wave of infection can force many businesses to close again right after they are reopened.

Treasury Secretary Steven Mnuchin said the US economy would not close again even though the number of cases had increased.

“We cannot kill the economy anymore. I think we have learned that if you shut down the economy, you will create more damage, and not only economic damage, but there are other areas,” he told CNBC in an interview.

Mnuchin said more than one trillion dollars would be pumped into the economy over the next month.

Federal Reserve Chair Jerome Powell said on Wednesday that the economic future was very uncertain.

Although Powell acknowledged that the May jobs report, which showed 2.5 million jobs were added to the economy, was a welcome surprise, he noted that millions of Americans would never return to their jobs and could remain unemployed for years.

Another 1.5 million Americans filed for unemployment benefits the first time last week, data from the Labor Department showed Thursday. The number of continuing unemployment claims, which counts people who have applied for benefits for at least two consecutive weeks, remains above 20 million.

The Fed projects the unemployment rate to fall to 9.3% at the end of the year from 13.3% in May. Before the pandemic, in February, the unemployment rate approached a 50-year low of 3.5%.

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Gross domestic product – the largest economy size in the country – is expected to plummet 6.5% this year before the rebound.

The central bank is expected to maintain its stimulus for the foreseeable future. The central bank does not expect to raise interest rates this year or in 2021, according to the so-called dot plot, which maps the expectations of members of the monetary policy committee. Even in 2022, only two policymakers expect an increase.

“We are not thinking about raising interest rates – we are not even thinking about raising interest rates,” Fed Chair Jerome Powell told reporters at a press conference.

Usually low interest rates are good for stocks because it is getting cheaper for companies to borrow money. But at this time, low interest rates for a longer period also means that the economy will not be re-established for a while.

President Donald Trump said in a tweet that the Fed was often wrong, adding “We will have a very good Third Quarter, a great Fourth Quarter, and one of our best years in 2021.”

Global stocks also fell sharply. Japan Nikkei 225 (N225) finished down 2.8% and Hong Kong Hang Seng Index (HSI) closed down 2.3%. Chinese benchmark Shanghai Composite (SHCOMP) give up 0.8%. In Europe, Germany DAX (DAX) finished down 4.5%, while France CAC 40 (CAC40) shed 4.7%. That FTSE 100 (UKX) decreased by almost 4% in London.

Coronavirus infection

Since Remembrance Day on May 25, the number of coronavirus hospitalizations has been lost in at least a dozen US states, according to CNN data collected from the Covid Tracking Project. They are Alaska, Arkansas, Arizona, California, Kentucky, Mississippi, Montana, North Carolina, Oregon, South Carolina, Texas and Utah.

When countries throughout the country reopen their economies, people are forced to coexist with the virus. The closely watched coronavirus model from the Institute for Health Metrics and Evaluation at the University of Washington was updated on Wednesday now estimating nearly 170,000 deaths from coronavirus in the United States on October 1.

AMC plans to reopen its cinema in July

“If the US cannot check growth in September, we can face a worsening trend in October, November, and the following months if a pandemic, as we predict, follows the pneumonia season,” IHME Director Dr. Christopher Murray said in a statement.

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The number of global cases also continues to increase, with almost 7.4 million confirmed confirmed infections, according to Johns Hopkins University. Brazil, Russia, Britain and India have the most cases after the United States. More than 415,000 people worldwide have died.

Hopeless hope

Many investors have bet on a quick recovery for the world’s largest economy.

The S&P 500 surged into positive territory for the year earlier this week even when economists formally declared the US economy was in recession. The Nasdaq reached 10,000 points for the first time in history Tuesday.

On Thursday, the S&P was negative again for this year and the Nasdaq returned below the key threshold.

But the increasing number of cases of corona virus in the United States coupled with dire economic projections from experts including the US central bank shows ongoing pain for companies and workers. Gloomy outlook now may be increasingly difficult to ignore.

Stephen Innes, head of global market strategy at AxiCorp, said on Thursday that the market was having a hard time digesting headlines indicating an outbreak of a new virus in the United States. “Secondary outbreaks have nothing to do with sneezing,” he said.

This is official: the recession began in February

– Faith Karimi, Arman Azad, Joe Sutton, Betsy Klein and Paul La Monica contributed reporting.

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Ribau Esteves in Montenegro. “No Portuguese can stand an hour’s speech”



Ribau Esteves in Montenegro.  "No Portuguese can stand an hour's speech"

Ribau Estevez, the mayor of Aveiro, urges Luis Montenegro to “work” on his affability and praises the fact that the new SDP leader is already aware of the need for this.

Despite being one of the main critics of Luis Montenegro’s candidacy, due to his history of bitter opposition to other leaders, the mayor of Aveiro believes that this is a “new phase” where “unity” is the word of order.

At the door of Pavilhão Rosa Mota in Porto Ribau, Estevez is talking to Renaissance what kind of SDP is this, with Montenegro at the head.

He was one of the main critics of Luis Montenegro’s candidacy due to his past opposition to other presidents. How do you look at the victory of Montenegro, and also how you have integrated many of your former opponents into the direction?

Obviously, we were all in opposition to each other. If there is one person who has vehemently and often incorrectly spoken out against the leader of the party in recent years, it is Luis Montenegro. I really liked yesterday’s speech, but the part in which he himself confesses his attitude is distinguished by humility and great grace.

So, as soon as he arranged this stage of his life, which was very long, because I obviously supported another candidate, I thought that there was another way.

It is obvious that this congress marks another time, a time when it is really necessary to take care of this party. It is necessary to make it a strong structure capable of leading the opposition in Portugal and creating an alternative.

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We are here to build. There is a time to fight and celebrate differences, and there is a time for a new phase that we are starting.

This is a Congress where we are trying to give deep meaning and seriousness to the word “unity”.

This lead in opposition to Luis Monteiro will certainly be a challenge, and it looks like Chega is already on his way. Should the SDP vote for a vote of no confidence?

I think that the government, which has three months, does not make any sense to submit a vote of no confidence in parliament. This is Chegi folklore. An episode of demagogy around a person is enough.

Introduce a vote of no confidence in the government, which has three months, although it has already made some mistakes and did it. As ridiculous and serious as a democratic act this episode between the Prime Minister and the Minister of Infrastructure and Housing was, it does not make political sense.

The leader of the party will do as he pleases, if I were the leader, I would refrain from an act of disrespect. The Social Democratic Party must be a reliable, serious and profound opposition.

How it’s done? Rui Rio often offered civilized resistance and was ineffective.

I do not think that it is important for a party leader to be in parliament, on the contrary. Luis Montenegro was very pleased with the news he told us yesterday.

The leader of the party must be on the ground, he must be with the people, he must know the companies. You must have an attitude of presence. Also, unfortunately in Portugal, the MP is a by-product of politics, because we devalue Parliament.

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In relation to Rui Rio, he had a problem of affability with people and a problem of easily perceived communication. But these are his characteristics, from this he is not good and not bad.

Affability is a characteristic that you either have or you don’t, and Rui Rio doesn’t have it. Communication is also easy, and Rui Rio does not have it.

Is there Montenegro?

I think that Montenegro has a very high potential in terms of ease of communication and the ability to say in a few words what people understand.

You need to talk less. Yesterday we must forgive him, it was his first speech as party chairman and he spoke for an hour. But it is obvious that if the chairman of the party wants to be heard, he cannot speak for an hour.

Yesterday he was supposed to speak, and he spoke, and we listened. But no Portuguese can stand an hour’s speech.

I think that Luis Montenegro has something to work on in friendliness, in human relations of intimacy. And I found it very interesting, just for those who are in the know, the idea that they will be one week a month in each area. It is very important.

I liked hearing the leader acknowledge that he needs to work on this dimension and that it is politically important for him and for the SDP.

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The beginning of Part 1 will arrive in Portuguese in MANGA Plus – JBox



Imagem: O próprio Chainsaw Man.

past too it’s a spade! From July 13 first 3 chapters from the first part Chainsaw will be available from translation into Portuguese No MANGAPlusfree app to read manga from Shueisha.

Apparently, not all 97 chapters of this first phase will be available, but only these first 3. The series will also not be split into two parts on the website/app. Even if it is a new phase, it will be published as usual. on the page of the man with the chainsawso the first chapter of part 2 will be #98.

Translation and editing work done comediansalso responsible for other platform projects with pt-br version (cases One piece, spy x family, Tokyo Ghoul Re e Jiu-Jitsu Kaisen). The information came from a project manager for a company in Brazil.

Unfortunately, the series is not among those that can be read completely free in english app — so even with the most recent readings, fans will have to resort to printed versions or alternative means to learn about the entire series. MANGA Plus does not allow, at least for now, subscriptions for fans in Brazil.

It is worth remembering that the second part of the manga, which will begin July 13, will also be available in Portuguese. Until the long-awaited sequel, Tatsuki Fujimoto launched one-shots on the Shueisha platform look back e Goodbye Eriin addition to working with mangaka Toda Oto (To take off the flash).

Story Chainsaw approaches Denji, a poor man capable of anything for money, even hunting demons with his dog, Honor. He is an ordinary boy mired in debt, but one day everything changes when he is betrayed by a man he trusted. Now possessing demonic powers, Denji becomes the Chainsaw Man (“The Chainsaw Man”).

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Fujimoto first part in Shonen jump from 2018 to December 2020, 11 volumes have been compiled to date. OUR Panini publishes manga in Brazil – check out our review first volume.

The work will be adapted into anime by the MAPPA studio and will have watching and duplicating Crunchyroll.

Source: Robert Rodriguez

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Portuguese missionary denounces ‘daily persecution and massacre’ in Congo



Portuguese missionary denounces 'daily persecution and massacre' in Congo

“There are persecutions and massacres every day” in the Democratic Republic of the Congo (DRC), and the international community turns a blind eye to this, says Father Marcelo de Oliveira, a Portuguese missionary in the African country.

The chief administrator of Komboni Province Missionaries in the Democratic Republic of the Congo speaks in an interview Renaissancethat attacks are permanent in an area of ​​the country where “cobalt is a source of wealth.”

“There are persecutions and massacres every day, there are people who are tortured, people who are forced to leave their homes and forced to flee,” condemns a priest who has lived in the Democratic Republic of the Congo for 15 years.

The eastern provinces of the DRC, notably North Kivu and neighboring Ituri, have “lived for decades in a state of constant instability due to the presence of various armed groups.

Born in Mortagua, Viseu district, the missionary says that in the Congo “no one escapes persecution.” “Catholics, Protestants and sects are treated equally”, given that “the religious question does not affect the situation at all”.

The priest says that “the Church is being persecuted, but to be a Christian means to be persecuted.” “The Catholic Church, which has great weight in public life, which has a large number of Catholics, which, by vocation, denounces, tells the truth and strives to defend the rights of the people, of course, is not appreciated by the simple,” he emphasizes.

The world “crossed its arms” on the problems in Africa

The priest admits that the President of the Democratic Republic of the Congo, Felix Tshisekedi, is ready to fight corruption, but says that, on the one hand, the government is involved in the situation, and on the other hand, it is powerless to resolve it.

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“The complicity is there to keep getting what they get from the stuff they sell and ship out of the country anyway,” he explains.

On the other hand, Marcelo’s father accuses the international community of doing nothing for the suffering people of the Congo and trying to “keep capitalizing on the wealth of the country” by sending “weapons to be able to keep up the unrest and thus keep on stealing easily” . .

“The Congo is a very rich country, and it is a bit strange that such a rich country is at the same time so poor. There is gold, diamonds, copper, cobalt, soil that could give twice a year, it’s hard to understand,” the missionary laments, and then accuses: “there are interests from outside (the international community) to be able to continue to benefit from everything rich, and so they keep sending weapons to keep the mess going and thus easily keep stealing.”

The missionary ensures that “when there is a problem in Africa, everyone folds their hands” and gives an example of the reluctance to find a cure for malaria, which “kills a huge number of people every day”, and now with Covid-19. 19 pandemic “the whole world plunged into disaster.”

The priest assures that “there are more people who die in Africa from malaria than those who die from Covid”, and rhetorically asks: “Who created a medicine to treat poor Africans? The problem of malaria after all this time?”

Marcelo’s father replies, “No one, it doesn’t matter, it doesn’t matter. Since we cannot profit from what we do, it is not important to make medicine, it is not important to help a country that will not repay us, ”he laments.

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Pope ‘deeply wishes’ to visit Congo

In this interview with RenaissanceFather Marcelo Oliveira assures that “the population still expects that soon” the Pope will visit the Democratic Republic of the Congo.

He believes that “for people living in conditions of constant attacks, persecution, the visit of the Pope would be a moment of encouragement.”

First of all, because Francis planned a visit to the city of Goma in the eastern part of the country, “where he will be with some victims of violence, and, of course, these people may be a little disappointed.”

“However, the population continues to expect that he will be able to come to us soon,” he assures.

The priest confirms that the Pope “deeply desires to be and come” to the Congo to “know the reality” and acknowledges that “the celebration planned for this Sunday with the Congolese community at St. Parolina in Kinshasa “is a sign of such a will.”

“The Pope deeply desires to be and come, because I believe he has heard so much about the reality of the suffering of the Congolese people, and therefore he has a deep desire to be able to come,” he assures.

Francis’ trip to South Sudan and the Congo, scheduled for July 2-7, has been rescheduled for a new date to be fixed due to the Pope’s health.

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