Hints and tips:
...I started wearing Scottish cotton marcels [vests], Agnès b men’s shirts, oversized pants upgraded with a thin red leather belt and sneakers without laces....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...The contracts will give the UK access to 1.75m additional courses of Merck Sharp and Dohme’s antiviral Lagevrio and an extra 2.5m courses of Pfizer’s Paxlovid pill....
...The medical and scientific world responded to news of B.1.1.529 far more quickly than to any previous coronavirus variant....
...“An end to the sharp rise in prices caused by supply bottlenecks is not in sight in the short term, and the economy should continue to lose momentum in the fourth quarter,” he said....
...The sharp rise in cases contrasts with the exuberant re-opening of the Israeli economy, where 4m people – out of 6.7m adults – have been fully vaccinated, hospitals are quickly emptying and the number of...
...Fuel consumption rose by more than 1m barrels a day to more than 20m b/d....
...For example, the US Energy Information Administration expects a demand drop of 18m barrels a day at the trough this month before a sharp recovery back to 100m b/d by the end of the year for an annual reduction...
...And then there’s the unmitigated bliss of being able to lie in bed reading until 8.53am, before showering and being ready at my “desk” by 9 o’clock sharp....
...To offset the fiscal impact of the revenue drop, we estimate that oil prices would need to average a little under USD48/b this year rather than the USD37/b we currently assume....
...Just 30% expect a V shaped recovery in the stock market....
...It will certainly require evidence of a V-shaped economic recovery to ignite demand for cyclical and value stocks....
...We think it’s largely right that the gaming sector will enjoy a V-shaped recovery as sporting events resume....
...The Fed, as usual, got the sharp end of the stick for its “near record number of rate increase and quantitative tightening.”...
...If there’s a V-shaped recovery on the horizon “the market probably buys the EPS downgrade, assuming that the disruption is eventually contained.”...
...WPP will also reduce is planned capex from £400m to v£300m....
...We value IAG at a P/B 2019 of 0.4x (as for AF-KLM / at a 20% discount to Lufthansa’s P/B multiple in the lows in 2009; IAG was formed in 2011)....
...The IMF is authorised to do so by Article V, Section 2(b) of the IMF’s Articles of Agreement, which constitute an international treaty among the 189 IMF member countries....
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...Historically, the rebound has been sharp and quick, but times have changed....
...[B]reakeven rates dropped from 2% to zero rapidly during Sep-Nov 2008....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Brexit In the UK MPs are due to give an interim verdict on prime minister Theresa May’s Brexit plan B on Tuesday, but a second meaningful vote may not happen until well into February....
...A spokesperson for Merck Sharp & Dohme – the name under which the US group operates in Europe – said it is cooperating fully with the CMA’s investigation, and said: MSD is confident that the proceedings...
...The 500-day WTI average price is $45/b not far off current spot. Compare this with the end of Jan 2016 when spot was at current levels, but the 500-day average was at $94/b!...
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