Covid Task Force Promises Rapid Rollout: “We, from a federal perspective, have promised and set everything up so we can quickly review those EUAs (Emergency Use Authorization) and hopefully start sending out vaccines within 24 to 48 hours,” US Surgeon General Jerome Adams said on “Fox News Sunday.”
Adams continued that he expects 40 million vaccine doses to be produced by the end of the year and for most Americans to have access to a vaccine by early in the second quarter of 2021. American hero, Anthony Fauci also indicated on NBC’s “Meet the Press” that the government will “almost certainly” begin vaccinating portions of the first priority population by the end of December. Besides healthcare workers, 87 million essential workers are in meat/food processing, municipal waster/wastewater, public transit, police, firefighters, and tentatively teachers who will all be first priority. More here
Oil Market Disagreement: A panel of OPEC+ ministers couldn’t reach an agreement on whether to delay January’s oil-output increase, leaving the matter unresolved. The Organization of Petroleum Exporting Countries and its allies are a 23-nation network that pumps more than half the
Per Bloomberg, “While Russian Deputy Prime Minister Alexander Novak spoke in favor of postponing the supply hike that’s currently scheduled to happen in the new year, the United Arab Emirates and Kazakhstan were opposed.” Very nice. Remember, it was an OPEC disagreement that led to the negative oil spot price back in April of this year.
Ant Faces Slim Chances: Per Bloomberg, ” The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to regulatory officials familiar with the matter.”
Ant is still in the early stages of reviewing changes needed to appease Chinese regulators. This is of course a blow for Alibaba Group which owns a third of Ant. If you are interested in the inner workings of the Chinese business world and political world, we recommend this article which talks more about the behind the scenes on this IPO debacle. Article
Tweets and Charts we like:
Only the US is investable change my mind
Value vs Growth Rotation
What shines isn’t always gold …
Consensus is bullish, we talked about this last week
We like this take.
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