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Macro Briefing | 18 May 2020

Summary:
Countries focus on China’s initial handling of coronavirus crisis: CNN China will take “all necessary measures” to new US restrictions on Huawei: AP Iran warns US against intercepting oil shipment to Venezuela: AP Fed’s Powell: US economy could fall 30% in second quarter: CNBC Full economic recovery will require a vaccine, says Fed’s Powell: CNBC Japan is first major economy to report 2 straight quarterly GDP declines: NYT US Covid-19 deaths fell on Sun (May 17), close to 7-week low: Johns Hopkins Industrial output in US declined 11.2% in April — biggest drop on record: MW US retail spending fell a stunning 16.4% in April: AP

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Countries focus on China’s initial handling of coronavirus crisis: CNN
China will take “all necessary measures” to new US restrictions on Huawei: AP
Iran warns US against intercepting oil shipment to Venezuela: AP
Fed’s Powell: US economy could fall 30% in second quarter: CNBC
Full economic recovery will require a vaccine, says Fed’s Powell: CNBC
Japan is first major economy to report 2 straight quarterly GDP declines: NYT
US Covid-19 deaths fell on Sun (May 17), close to 7-week low: Johns Hopkins
Industrial output in US declined 11.2% in April — biggest drop on record: MW
US retail spending fell a stunning 16.4% in April: AP

Macro Briefing | 18 May 2020

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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