SET rises on positive sentiment but tight valuation raises volatility risk #SootinClaimon.Com

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SET rises on positive sentiment but tight valuation raises volatility risk (nationthailand.com)

SET rises on positive sentiment but tight valuation raises volatility risk

EconDec 18. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 3.40 points, or 0.23 per cent, to 1,487.29 in the morning session on Friday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,475 and 1,495 points amid hopes from the US$900 billion economic stimulus package and foreign funds inflows in line with the baht’s appreciation.

“However, investors should beware of volatility due to the FTSE rebalance and the SET’s tight valuation,” he said.

He recommended that investors buy:

▪︎ PTTEP, PTTGC, TOP, IVL and SPRC that benefit from rising oil price.

▪︎ BH, SAWAD and TU, whose investment weight on the FTSE will increase today.

▪︎ BAM, DELTA and COM7, which will be listed on the SET50 Index.

▪︎ JMART and MBK, which will be listed on the SET100 Index.

The SET Index closed at 1,483.89 on Thursday, up 1.80 points or 0.12 per cent. The volume of total transactions was Bt112.75 billion with an index high of 1,495.37 and a low of 1,483.32.

Gold sees modest gains as Fed maintains bond purchases and dollar weakens #SootinClaimon.Com

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Gold sees modest gains as Fed maintains bond purchases and dollar weakens (nationthailand.com)

Gold sees modest gains as Fed maintains bond purchases and dollar weakens

EconDec 18. 2020

By The Nation

The price of gold rose by Bt50 per baht weight in morning trade on Friday after rising by Bt50 per baht weight at close on Thursday, the Gold Traders Association reported.

At 9.24am, the buying price of a gold bar was Bt26,450 per baht weight and selling price Bt26,550, while gold ornaments were priced at Bt25,969.08 and Bt27,050, respectively.

At close on Thursday, the buying price of a gold bar was Bt26,400 per baht weight and selling price Bt26,500, while gold ornaments were Bt25,923.60 and Bt27,000, respectively.

Spot gold price moved to US$1,880 (Bt56,097) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year surged by $31.3 to $1,890.4 per ounce on Thursday, due to the US Federal Reserve’s move to maintain bond purchases, the progress of the US economic stimulus package and the weakening dollar.

U.S. stocks rise to records #SootinClaimon.Com

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U.S. stocks rise to records (nationthailand.com)

U.S. stocks rise to records

EconDec 18. 2020

By Syndication Washington Post, Bloomberg · Claire Ballentine, Vildana Hajric

U.S. stocks notched a solid gain to close at all-time highs, even as lawmakers continue to wrangle over a federal-spending deal.

The S&P 500 climbed for a third day, even with Republicans and Democrats still unable to reach an agreement that would assist millions of Americans who face losing virus-era assistance later this month. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward a deal. The dollar slumped, Treasury yields rose and oil advanced. Bitcoin breached $23,000 for the first time.

With the clock ticking to renew pandemic aid, leaders in Washington are under pressure to resolve their differences after months of deadlock amid signs of a faltering economic recovery. The country continues to set records for virus infections and deaths, with more jurisdictions tightening lockdowns in a renewed therat to the economy.

In Europe, lawmakers cleared the bloc’s 1.8 trillion-euro ($2.2 trillion) stimulus package on Wednesday. Cyclical shares such as miners and retailers rose on news that the rollout of a Covid vaccine would begin this month. The pound climbed and the euro rose to the highest since April 2018 as officials cautiously predicted a Brexit deal within days. Both held their gains after European Commission President Ursula von der Leyen said “big differences” remain.

“Investors know that the environment for businesses and for earnings is going to be good in the medium and long-term,” said Chris Gaffney, president of world markets at TIAA Bank. “The global economy and the U.S. in particular is going to go through a tough patch here in the next few months. However, the central banks and the future looks good.”

Emmanuel Macron’s office said he’d tested positive for the coronavirus. The French president, 42, will self-isolate during seven days, while continuing to work, his office said. The number of virus deaths reached another daily record in the U.S., while the first known allergic reaction to the Pfizer vaccine was reported in Alaska as some snarls began to emerge in the effort to send the shots across the country.

Elsewhere, oil held gains in the wake of a surprise decline in U.S. crude inventories. Stocks across Asia saw modest advances.

Policy decisions from central banks in Japan and Russia are due Friday.

– – –

These are some of the main moves in markets:

Stocks

– The S&P 500 Index advanced 0.6% as of 4 p.m. New York time, the highest on record.

– The Dow Jones Industrial Average gained 0.5%.

– The Nasdaq Composite Index climbed 0.8%.

Currencies

– The Bloomberg Dollar Spot Index fell 0.4% to the lowest in almost three years.

– The euro gained 0.6% to $1.2267, the strongest in almost three years.

– The Japanese yen appreciated 0.3%, to 103.11 per dollar, the strongest in more than nine months.

Bonds

– The yield on 10-year Treasuries rose one basis point, to 0.93%.

– Germany’s 10-year yield declined two basis points, to -0.57%.

– Britain’s 10-year yield rose one two basis points to 0.29%.

Commodities

– West Texas Intermediate crude gained 1.1%, to $48.36 a barrel, the highest in almost 10 months.

– Gold futures strengthened 1.6%, to $1,889 an ounce, the highest in almost six weeks.

Manufacturing sentiment rising for seven months in a row: FTI #SootinClaimon.Com

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Manufacturing sentiment rising for seven months in a row: FTI (nationthailand.com)

Manufacturing sentiment rising for seven months in a row: FTI

EconDec 18. 2020

By The Nation

The Thailand Industrial Sentiment Index (TISI) has grown for the seventh consecutive month to 87.4 points in November from 86 points in October, proving that confidence in the manufacturing sector is improving, Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said.

This confidence has been evidenced by an increase in orders, sales and production for both local and export markets. 

Government stimulus packages to ease the burden of the outbreak and increase consumption has contributed to economic recovery and a boost in manufacturing confidence. 

Foreign buyers have been placing orders for many products including food and medical equipment, while sales of products like clothes, shoes, leatherwear, ceramics and home appliances has been rising during the New Year holidays. 

The economic outlook, however, is still uncertain because manufacturers are still worried about a second wave of infections in many countries. 

They are also concerned about the rising baht, which could make Thai products less competitive globally, as well as the shortage of shipping containers, which could result in higher costs. 

A survey of 1,258 manufacturers in 45 industries showed that 70.5 per cent were worried about the state of global economy, 46.1 per cent were concerned about baht appreciation, 41 per cent were worried about oil prices and 40.5 were concerned about the cost of interest. 

The three-month sentiment index, meanwhile, has risen to 94.1 points from 91.9 in October thanks to government stimulus, public spending and availability of the Covid-19 vaccine. 

Manufacturers, meanwhile, want the government to continue implementing stimulus packages, and are calling on the central bank to ensure the baht moves in line with regional currencies. 

They also want the government to ensure the supply of shipping containers by providing incentives for their import. They also want the authorities to maintain high standards in containing the virus, he added. 

BEC share price rockets up over 70% #SootinClaimon.Com

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BEC share price rockets up over 70% (nationthailand.com)

BEC share price rockets up over 70%

EconDec 18. 2020

By The Nation

The share price of BEC World (BEC) was up more than 70 per cent this month on Thursday, amid expectations of improved company performance next year.

The price of shares in the media/entertainment firm had risen to Bt7.90 at close on Thursday, more than 70 per cent up on the Bt4.62 price at the end of November.

KTB Securities senior director Mongkol Puangpetra said the rise was down to restructuring that saw BEC World change its executives and lay off employees.

“Most importantly, the company sold 119.99 million BEC-Tero Entertainment Plc shares, which accounted for 59.99 per cent of the capital to boost its financial position,” he said.

BEC’s digital TV business would also improve from a rise in advertising revenue next year, he added.

“Therefore, we forecast the company’s net profit next year will be Bt459 million, up from a net loss of Bt371 million [this year].”

However, he advised investors to take profit at a ceiling of Bt8.70 per share, citing limited upside room.

BEC shares rose sharply on third-quarter profits of Bt60 million, moves to reduce costs, revenue from selling drama rights to overseas and online platforms, and sales of BEC-Tero Entertainment shares.

“We expect BEC to gain profits next year because BEC-Tero Entertainment shares were sold at a price higher than book value, while the company was boosted by news that popular former TV show host Sorayuth Suthassanachinda will be released from jail next year,” the brokerage firm said.

Securities and Exchange Commission (SEC) records show 64 million BEC shares worth Bt327.58 million were bought by BEC executives Nipa Maleenont, Rattana Maleenont and Amporn Maleenont, daughters of the company’s founder, Vichai Maleenont.

Biden picks Rep. Deb Haaland of New Mexico to be first Native American interior secretary #SootinClaimon.Com

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Biden picks Rep. Deb Haaland of New Mexico to be first Native American interior secretary (nationthailand.com)

Biden picks Rep. Deb Haaland of New Mexico to be first Native American interior secretary

InternationalDec 18. 2020Rep. Deb Haaland, D-N.M., has been nominated to become the first Native American to serve as interior secretary. MUST CREDIT: Washington Post photo by Bonnie Jo MountRep. Deb Haaland, D-N.M., has been nominated to become the first Native American to serve as interior secretary. MUST CREDIT: Washington Post photo by Bonnie Jo Mount 

By The Washington Post · Juliet Eilperin, Dino Grandoni, Brady Dennis

WASHINGTON – President-elect Joe Biden chose Rep. Deb Haaland, D-N.M., Thursday to serve as the first Native American Cabinet secretary and head the Interior Department, a historic pick that marks a turning point for the U.S. government’s relationship with the nation’s Indigenous peoples.

With that selection and others this week, Biden sent a clear message that top officials charged with confronting the nation’s environmental problems will have a shared experience with the Americans who have disproportionately been affected by toxic air and polluted land.

“A voice like mine has never been a Cabinet secretary or at the head of the Department of Interior,” Haaland tweeted Thursday night. ” … I’ll be fierce for all of us, our planet, and all of our protected land.”

In addition to Haaland, Biden has turned to North Carolina environmental regulator Michael Regan to become the first Black man to head the Environmental Protection Agency, as well as Obama administration veteran Brenda Mallory to serve as the first Black chair of the White House Council on Environmental Quality.

While the picks represent a concession to progressives in Biden’s party, who publicly campaigned for an American Indian at the helm of Interior, they were also chosen to personify Biden’s plans to address the long-standing burdens low-income and minority communities have shouldered when it comes to dirty air and water. All three nominees will play a central role in realizing his promises to combat climate change, embrace green energy and address environmental racism.

“We have individuals coming to these positions who have seen what it’s like on the other side, in terms of communities that have suffered,” environmental justice pioneer Bob Bullard said in an interview Thursday. “They have been fighting for justice. Now they are in a position to make change and make policy. That, to me, has the potential to be transformative.”

Earlier this week, Biden chose former Michigan governor Jennifer Granholm, a Democrat, a proponent of zero-emission vehicles, as his Energy Secretary nominee. He also established the first White House Office of Domestic Climate Policy and designated former EPA Administrator Gina McCarthy to head it. Former Obama budget official Ali Zaidi will serve as her deputy.

“This brilliant, tested, trailblazing team will be ready on day one to confront the existential threat of climate change with a unified national response rooted in science and equity,” Biden said in a statement Thursday. “They share my belief that we have no time to waste to confront the climate crisis, protect our air and drinking water, and deliver justice to communities that have long shouldered the burdens of environmental harms.”

If confirmed, Regan, 44, who heads the North Carolina Department of Environmental Quality, would be responsible for crafting fuel-efficiency standards for the nation’s cars and trucks, overseeing emissions from power plants and oil and gas facilities and cleaning up the country’s most polluted sites.

Regan has served as the state’s top environmental official since early 2017, when Gov. Roy Cooper, a Democrat, named him to his current role. While union leaders have criticized his approach at times, he has shown a capacity to work with community activists and the corporate world.

Regan forged a multibillion-dollar settlement over cleanups of coal waste with Duke Energy, established an environmental justice advisory board, and reached across the political divide to work with the state’s Republican legislature. In another high-profile case, the state ordered the chemical company Chemours to virtually eliminate a group of man-made chemicals from seeping into the Cape Fear River.

Before entering state government, Regan worked on climate change and pollution issues as southeast regional director for the Environmental Defense Fund, an advocacy group. “Michael knows how to make progress even when that isn’t easy – that’s a necessary skill in North Carolina,” the group’s president, Fred Krupp, said in an email.

In selecting 60-year-old Haaland, a member of Pueblo of Laguna, Biden has placed the descendant of the original people to populate North America atop a 171-year-old institution that has often had a fraught relationship with the nation’s 574 federally recognized tribes.

Three divisions of Interior have a tremendous impact on Indian Country, including the Bureau of Indian Affairs, the Bureau of Indian Education and the Bureau of Trust Funds Administration, which manages billions held in trust by the U.S. government.

“It’s called plenary power,” said University of Colorado Boulder law professor Charles Wilkinson. “Native people jokingly call it, ‘plenty power.’ “

Born in Arizona to a Native American mother who served in the Navy and a Norwegian American father who was an active-duty Marine, Haaland bounced between 13 public schools as the family changed military bases. At 15, she worked at a bakery, and later attended law school with the help of student loans and food stamps, occasionally experiencing homelessness as a single mother.

Now, after serving a single term in Congress, she will oversee a department that manages roughly one-fifth of land in the U.S. While she hails from a top oil-and gas-producing state, Haaland has pledged to transform the department from a champion of fossil fuel development into a promoter of renewable energy and policies to mitigate climate change.

“I come from New Mexico. It’s a big gas and oil state. And I care about every single job,” Haaland said in a recent interview with The Washington Post. But she added: “We don’t want to go back to normal, right? We don’t want to go back to where we were because that economy wasn’t working for a lot of people.”

Biden, meanwhile, has pledged to halt all new oil and gas drilling on public lands and waters, a daunting task that faces both legal and political obstacles. The extraction of oil, gas and coal in these areas accounts for nearly a quarter of the nation’s annual carbon output.

In a sign of the opposition the administration will soon face, the New Mexico Oil and Gas Association issued a statement noting drilling on federal land generates $800 million annually for the state’s government. “We hope Rep. Haaland will employ a balanced approach that considers the needs of all who depend on public lands, including the thousands of men and women and families whose livelihoods depend on access to public lands for resource development,” the group said.

Interior oversees vast protected areas – including 75 million acres of wilderness and 422 national park sites, as well as national monuments and wildlife refuges. It safeguards more than 1,000 endangered species, and manages massive water projects in the West that help sustain farmland and provide drinking water for major cities including Las Vegas and Los Angeles.

Haaland just won reelection from a north central New Mexico district that leans Democratic. If confirmed by the Senate, her party will have a razor-thin margin over Republicans in the House until her seat is filled. Right now Democrats hold 222 seats, pending a re-canvassing in a New York race and challenges in Iowa, and Biden has already tapped two other House Democrats to serve in his administration, Reps. Cedric Richmond of Louisiana and Marcia Fudge of Ohio.

But House Speaker Nancy Pelosi, D-Calif., said Wednesday that she would not stand in the way of Haaland leaving the House, calling her “one of the most respected and one of the best members of Congress I have served with.”

As a child, Haaland spent summers with her grandparents in a house without running water in Mesita, one of Laguna Pueblo’s small villages in New Mexico.

“As kids we moved a lot because my dad was in the service, but no matter where we were he would take us outside,” she recalled. “In New Mexico we would hike in Jemez during a rainstorm, or at other military bases we would visit the ocean.”

Rep. Raúl Grijalva., D-Ariz., who chairs the House Natural Resources Committee and helped lead the campaign for Haaland to be interior secretary, said a diverse Cabinet will pursue environmental policies that are “inclusive and involving the breadth of who the American people are.”

“That’s important, that nobody be left behind as we go forward,” he added.

Biden’s decision to appoint Haaland to head Interior will hold profound meaning for the 1.9 million Native Americans whose education and health care are often influenced by the department’s decisions.

Jim Enote, a Zuni tribal member and chief executive of the Native-led Colorado Plateau Foundation, said in an interview that the move signals how much has changed over the past half-century. Native Americans “do not participate in the same channels of influence as other Americans,” he said, and some previous Interior secretaries have held a dismissive attitude toward the country’s first inhabitants.

The legacy of Interior is blemished by instances of federal officials removing Native Americans from their ancestral lands – including from Yellowstone, the first and perhaps most iconic national park.

Years later, in 1972, several hundred tribal activists took over the Interior Department headquarters in Washington to draw attention to their plight. In 1983, then-Interior Secretary James Watt blamed the problems on U.S. reservations on Indigenous culture.

“If you want an example of the failure of socialism,” Watt said in an interview on a satellite radio show based in Tulsa, “don’t go to Russia. Come to America and go to the Indian reservations.”

Biden’s choice comes as the federal government’s relationship with tribes has eroded under the Trump administration, which has removed protections from sacred tribal sites in Utah’s Bears Ears National Monument and allowed oil drillers into Alaska’s Arctic National Wildlife Refuges, home to the caribou that Native Alaskans hunt for food.

“The Trump administration has not been kind to Indian country,” Haaland said. “He has thrown tribal consultation essentially out the window.”

She argued that Trump’s interior secretaries, Ryan Zinke and David Bernhardt, reorganized the Bureau of Indian Affairs and other agencies in ways that hampered the ability of Native Americans to confer with federal officials.

Chase Iron Eyes, a Native American activist and attorney with the Lakota People’s Law Project, said that while Indigenous people have several champions in Congress, he is elated the department will be run by a tribal member.

“It could not have been in our forefathers’ dreams to have an actual Indian be appointed at the Cabinet level in the agency that is meant to oversee their absorption,” he said.

Charles Curtis, a Republican and member of the Kaw nation who was vice president from 1929 to 1933 under President Herbert Hoover, was the first person of Native American ancestry to serve at the highest levels of the federal government.

Haaland bolstered her national profile in 2016 by going to the Standing Rock Sioux’s reservation in North and South Dakota to join tribal leaders in opposition to the construction of the Dakota Access pipeline. “She asked what I needed and what the tribe needed,” said Jodi Archambault, a former special assistant to Barack Obama for Native American affairs and a member of the tribe. Haaland, she said, was able to provide support from some New Mexico labor unions – and tortillas and green chili stew.

“She brought her own cooking things and opened her trunk up, and said, ‘This is the best I can do,’ ” Archambault said, adding, “The stew was really good; the tortillas were excellent.”

States report confusion as feds slash vaccine shipments, and Pfizer says it has ‘millions’ of unclaimed doses #SootinClaimon.Com

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States report confusion as feds slash vaccine shipments, and Pfizer says it has ‘millions’ of unclaimed doses (nationthailand.com)

States report confusion as feds slash vaccine shipments, and Pfizer says it has ‘millions’ of unclaimed doses

InternationalDec 18. 2020

By The Washington Post · Isaac Stanley-Becker, Yasmeen Abutaleb, Lena H. Sun, Josh Dawsey

WASHINGTON – State officials said they were alerted late Wednesday that their second shipments of Pfizer-BioNTech’s vaccine had been drastically cut for next week, sparking widespread confusion and conflicting statements from Pfizer and federal officials about who was to blame.

https://www.washingtonpost.com/video/c/embed/90c241ec-6c2d-4184-8ddb-9423317da25e?ptvads=block&playthrough=false

The reduction prompted concern in health departments across the country about whether Operation Warp Speed, the Trump administration’s vaccine accelerator, was capable of distributing doses quickly enough to meet the target of delivering first shots to 20 million people by year’s end. A senior administration official, speaking on the condition of anonymity to discuss internal plans, said the revised estimates were the result of states requesting an expedited timeline for locking in their allocations for the following week – moving the notification of how many doses they could order from Friday to Tuesday. Because Pfizer is producing doses daily, the official said, there are fewer doses available on Tuesday than there would be on Friday.

But Pfizer released a statement on Thursday that seemed to contradictthat explanation, saying the company faced no production problems and had many more doses available right now than were being distributed.

“We have millions more doses sitting in our warehouse but, as of now, we have not received any shipment instructions for additional doses,” the statement read.

The clashing accounts came as Pfizer and the Trump administration negotiate additional vaccine doses for the United States. Pfizer, which has already committed to providing the government with 100 million doses, said that as recently as October, federal officials had turned down its entreaties to lock in another 100 million doses. When those officials sought to buy those doses later, the company said its supplies were already committed to other countries. Now the pharmaceutical giant and the administration are nearing an agreement that would give the United States between 50 million and 100 million doses, probably spread over the second and third quarters of 2021, according to people knowledgeable about the negotiations who spoke on the condition of anonymity because they were not authorized to talk to the news media.

Health and Human Services Secretary Alex Azar, in a CNBC appearance on Thursday, noted that Pfizer had reduced its manufacturing projection for this year from 100 million doses to 50 million doses, and said he would “like to have more visibility” into the company’s manufacturing capacity.

“I do wish we would stop just talking about this Pfizer thing,” Azar said, noting that other vaccines were in the pipeline.

The company said the change, announced in November, had to do with difficulties procuring sufficient raw ingredients and noted in its statement Thursday that it had shared “every aspect of our production and distribution capabilities” in weekly meetings with federal officials.

Earlier this week, 2.9 million doses of the Pfizer-BioNTech vaccine were cleared for shipment, while 5.9 million doses of Moderna’s regimen are poised to go out next week if the vaccine is authorized, as expected. That will be on top of additional supply from Pfizer, which Azar said Wednesday would amount to 2 million doses next week.

That represents a sharp drop-off from what states were expecting, according to state health officials. At least six states – from Washington to Florida – were informed by federal health authorities of the shortfall, forcing last-minute changes to vaccine distribution plans for next week. Some were intending to use the second shipment to begin vaccinating residents of long-term care facilities, creating dilemmas about whether to go ahead with those plans or to finish inoculating health-care providers, officials said.

Illinois Gov. J.B. Pritzker, a Democrat, said anticipated shipments to the state in the next two weeks had been cut roughly in half. The uncertainty was even more pronounced in Florida, where Gov. Ron DeSantis, a Republican, said new shipments from Pfizer were “on hold” as officials in his administration reported their expected allocation disappearing entirely in Tiberius, the online tracking system the administration uses to coordinate with the states. Fred Piccolo, a spokesman for DeSantis, said the numbers had come back online by Thursday but had been reduced significantly.

“It’s forty percent less than we were originally thinking,” Washington Health Secretary John Wiesman said. “We thought we were getting 74,100 and now we are planning for 44,850 doses.”

Maine said it is receiving about 40% less than expected – 8,775 doses rather than 13,650 doses. The state will not be able to fully launch its program next week to vaccinate residents and staffs of all long-term care facilities, said Robert Long, a spokesman for the Maine Center for Disease Control and Prevention.

Michael Pratt, an HHS spokesperson, denied any changes to “numbers locked in with states” and said the government was on track to allocate enough vaccine for about 20 million people to receive their first doses by year’s end.

“Each week, OWS will let states know how many doses are available to order against for the coming week,” he said.

The senior administration official said moving up the notice to Tuesday was the reason for the one-week shortfall, as “we are sending doses that have been produced, verified and released.”

Wiesman, of Washington state, said he could appreciate Warp Speed’s decision to provide numbers of verified doses only, as opposed to an estimate of what might be available by week’s end. But he said states cannot plan without a longer-term sense of what they will receive, which has been impossible because of changing estimates from the pharmaceutical companies and from Operation Warp Speed.

“We need to have some sense of what regular production is going to be, what the throughput of the manufacturer is so we can look more than a week ahead,” he said.

Some of these concerns were communicated on a call last week with governors and administration officials, including Vice President Mike Pence, Azar and Gen. Gustave Perna, chief operating officer of Operation Warp Speed. There was only preliminary guidance on shipments for this week, said a state official who participated in the call. Administration officials, peppered with questions about the initial supply of the Pfizer-BioNTech vaccine, emphasized the Moderna vaccine, which they said would be available soon.

FedEx and UPS are distributing the Pfizer vaccine; Moderna’s product will be moved by McKesson, a major medical distributor. Both vaccines are two-dose regimens, and the Trump administration has elected to hold back shipments of the second dose in an effort to ensure that everyone gets their second shot.

Another person involved in the planning, who spoke on the condition of anonymity because the person was not authorized to discuss the situation, said Pfizer executives were baffled that the administration was not immediately distributing all of its vaccine, instead leaving much of it on the shelves.

In one bright spot for hospitals receiving the initial shipments of the Pfizer vaccine this week, some health-care providers discovered that they could get as many as seven doses out of vials they were told contained five allotments of the precious vaccine.

The Food and Drug Administration advised hospitals to use the additional supply, while Pfizer said the amount of vaccine remaining in the vial after five doses may vary, instructing health-care providers to consult their own immunization policies.

One complicating factor was that companion kits shipped to vaccination sites by the federal government did not contain many spare syringes needed to give the excess doses. The administration official said additional materials will be included in the future kits to accommodate additional doses that can be drawn from the vials of Pfizer vaccine.

Over 38 million people in England face highest virus curbs #SootinClaimon.Com

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Over 38 million people in England face highest virus curbs (nationthailand.com)

Over 38 million people in England face highest virus curbs

InternationalDec 18. 2020A covid-19 public health information board in London's Covent Garden, after the capital was placed into tier 3 coronavirus restrictions on Dec. 16, 2020. MUST CREDIT: Bloomberg photo by Betty Laura Zapata.A covid-19 public health information board in London’s Covent Garden, after the capital was placed into tier 3 coronavirus restrictions on Dec. 16, 2020. MUST CREDIT: Bloomberg photo by Betty Laura Zapata. 

By Syndication Washington Post, Bloomberg · Emily Ashton

More than 38 million people in England will be ordered to comply with the toughest level of coronavirus restrictions from Saturday after ministers acted to slow a surge in infections.

Health Secretary Matt Hancock said more parts of the east and southeast of England will face the toughest rules — meaning 68% of England’s population will be under tier 3, 30% in tier 2, and just 2% in the lowest tier 1.

The move is another huge blow to the hospitality industry ahead of Christmas, as tier 3 means pubs, restaurants, bars and indoor entertainment venues must close.

“Businesses will have bought stock which will now go to waste and more people will lose work at a stressful time,” said Kate Nicholls, chief executive officer of the UKHospitality industry group. “Hotels are now facing a deluge of short-notice cancellations because of the tightening of restrictions. What was already looking like a bleak Christmas is now looking like a total write-off.”

Chancellor of the Exchequer Rishi Sunak said the government’s job support program, which pays 80% of furloughed workers wages, will be extended by a month to the end of April. The government’s state-backed loan programs for struggling businesses will also now be open until the end of March, rather than January.

London was moved to the highest tier on Wednesday after a rapid spread of infections across the capital in recent days. It will now be joined by the nearby counties of Bedfordshire, Buckinghamshire, Berkshire, Hertfordshire, most of Surrey, and parts of Cambridgeshire, East Sussex and Hampshire, Hancock told the House of Commons on Thursday.

Cases increased by 46% in southeast England in the last week.

The vast majority of regions already in tier 3, including Greater Manchester in northwest England, will stay in that bracket — prompting anger from local lawmakers including senior Conservative Graham Brady, who said the region has already been in “severe restrictions” for nine months.

The southwest city of Bristol and nearby north Somerset will move down to tier 2, and the West Midlands county of Herefordshire will drop to the lowest tier 1.

Prime Minister Boris Johnson is going ahead with plans to let people celebrate with two other households over five days at Christmas, despite doctors warning the relaxation will lead to a spike in cases, hospitalizations and deaths.

The public must “exercise a high degree of personal responsibility” and “avoid contact with elderly people wherever possible,” Johnson said on Wednesday.

Hancock said people must continue to “be cautious” as the U.K. rolls out a coronavirus vaccine.

“We’ve come so far, we mustn’t blow it now,” he told Parliament. “I regret having to take the action that we have to take. I deem it necessary and there is a strong view right across government that these actions are necessary.”

Johnson faces a looming battle with his own lawmakers when the restrictions are put to a vote at the end of January, with increasing numbers opposed to his coronavirus strategy.

Conservative MP Stephen McPartland said on Twitter it is “ridiculous” that his Hertfordshire district had been moved into tier 3. “Totally unacceptable and clearly shows I was right to vote against a second lockdown and tier system,” he wrote.

Steve Baker, a former minister and deputy chair of the Covid Recovery Group of skeptical rank-and-file lawmakers, said the government “must now show how they will lift restrictions as the vaccine rolls out.”

Teaching unions hit out at the government for announcing Thursday that high schools in England will have a staggered return in January, with some pupils learning online during the first week. Ministers said this will allow schools to set up a new mass testing program.

The National Education Union said making the announcement at the end of term demonstrated “ministerial panic rather than rational and responsible action,” and the government has failed to understand the “fundamental issues” involved in testing secondary school pupils.

Mexico City resists lockdown with hospital occupancy at 75% #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Mexico City resists lockdown with hospital occupancy at 75% (nationthailand.com)

Mexico City resists lockdown with hospital occupancy at 75%

InternationalDec 18. 2020Mexican President Andres Manuel Lopez Obrador speaks during a news conference at the National Palace in Mexico City on Nov. 25, 2020, with mayor Claudia Sheinbaum seated on the right. MUST CREDIT: Bloomberg photo by Alejandro Cegarra.Mexican President Andres Manuel Lopez Obrador speaks during a news conference at the National Palace in Mexico City on Nov. 25, 2020, with mayor Claudia Sheinbaum seated on the right. MUST CREDIT: Bloomberg photo by Alejandro Cegarra. 

By Syndication Washington Post, Bloomberg · Andrea Navarro

Every day this week Mexico City has set a record for hospital beds occupied by covid patients, driving numbers above those last spring. The mayor is urging people to stay inside. For many being cared for at home, lines to refill oxygen tanks at local outlets stretch around the block. The death toll has risen above 19,000.

Everything about the situation screams emergency. And Mayor Claudia Sheinbaum has said that’s what it is. What she hasn’t done is what many health experts consider vital: move the city’s status on the national covid scale from orange to red and trigger a full shutdown at the height of holiday shopping.

“Her message is confusing — Is it orange? Is it red? You can go outside but it’s better to stay home — this is leading people to make bad decisions,” said former health minister Salomon Chertorivski in a radio interview this week.

Jokes are making the rounds about how dark a shade of orange you can have as long as it’s not red. Orange, many here now say, is not the new black. It’s the new red.

The mayor is in a delicate spot. President Andres Manuel Lopez Obrador, known as AMLO, has always viewed the virus with the suspicion of a populist and has pressed hard to keep the economy open for business.

“There’s fear of contradicting the federal government and the president, which makes it hard to enforce the required measures,” Chertorivski, who is from an opposition party, said. “The city is being submissive.”

Eurasia Group analyst Carlos Petersen agreed that the mayor doesn’t find it easy to act on her own. “There seems to be an inclination from the city government to implement more restrictions but there’s an aversion at the federal level to shut down the economy,” he said in an interview.

Sheinbaum may also have presidential aspirations, Petersen said, adding to pressures to stay within party lines. “She knows the main elector for the 2024 election is AMLO,” he said.

Only two states in Mexico — Baja California and Zacatecas — are currently in red, with most of the rest in orange. Overall cases stand at nearly 1.3 million and deaths close to 116,000. Mexico is among the world’s worst-hit countries by the pandemic.

The epicenter remains the capital, where 20% of all Mexican cases are concentrated.

“We’re doing all we can to avoid returning to the painful situation of shutting down,” Sheinbaum said at a press conference Tuesday. Asked whether she was acting on Lopez Obrador’s orders, she said, “The city makes its own decisions. This time of the year is very important in economic terms for the wellbeing of many families.”

Every day this week Mexico City has set a record for hospital beds occupied by covid patients, driving numbers above those last spring. The mayor is urging people to stay inside. For many being cared for at home, lines to refill oxygen tanks at local outlets stretch around the block. The death toll has risen above 19,000.

Every day this week Mexico City has set a record for hospital beds occupied by covid patients, driving numbers above those last spring. The mayor is urging people to stay inside. For many being cared for at home, lines to refill oxygen tanks at local outlets stretch around the block. The death toll has risen above 19,000.

The criteria for moving from orange to red include percentage of hospital beds occupied, and Mexico City just added 260 beds, giving it more time. It is also now carrying out 20,000 rapid tests daily to find cases more quickly and stop them from spreading, Sheinbaum said. On Tuesday, 4,834 hospital beds were in use. A May 22 record of 4,553 hospitalizations was broken Dec. 12 and has continued to increase.

Overall hospital capacity is at around 75%, Sheinbaum said, calling on people to stay home to help reduce infections.

Billionaire Carlos Slim, Walmart de Mexico and other companies announced on Wednesday a joint donation of 495 million pesos ($25 million) to add beds at the Citibanamex Center that’s been reconfigured for Covid patients.”It’s one thing to have beds, but it’s another thing to have the personnel and the equipment to take care of those extra beds,” said Alejandro Macias, Mexico’s czar during the H1N1 epidemic in 2009. “Health workers are tired.”

But city center streets have been packed with pedestrians, most in masks but not all. Signs inside stores read, “Hurry, we close at 5pm today.” Adding to the infections are underground parties and holiday dinners, one of which was hosted by billionaire Ricardo Salinas.

“Life is only lived once and it’s a risk living it, a risk that’s worth it,” he tweeted alongside a picture of at least 40 guests in a holiday dinner with executives from one of his companies.

In the meantime, Guillermina Diaz waited an hour to refill an oxygen tank for her 67-year-old father who’s recovering from the coronavirus at home, after spending 24 days in the hospital. Finding him a hospital bed was a feat on its own, she said, and now family members take turns finding places to fill the tanks.

“At least I found some,” she said. “The worst part is calling place after place and hearing there’s none left.”

U.S. housing starts rose for a third-straight month in November #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

U.S. housing starts rose for a third-straight month in November (nationthailand.com)

U.S. housing starts rose for a third-straight month in November

InternationalDec 18. 2020A contractor wearing a protective mask moves pieces of sheet rock while working at a home under construction at The Estates at Kelley Farms new housing development in Ballston Lake, N.Y., on Dec. 11, 2020. MUST CREDIT: Bloomberg photo by Angus Mordant.A contractor wearing a protective mask moves pieces of sheet rock while working at a home under construction at The Estates at Kelley Farms new housing development in Ballston Lake, N.Y., on Dec. 11, 2020. MUST CREDIT: Bloomberg photo by Angus Mordant. 

By Syndication Washington Post, Bloomberg · Olivia Rockeman

U.S. new home construction rose more than forecast to a nine-month high in November, highlighting the strength of a residential housing market that’s been supported by strong demand amid low interest rates.

Residential starts rose 1.2% to a 1.547 million annualized rate from an downwardly revised 1.528 million a month earlier, according to government report released Thursday. The median estimate in a Bloomberg survey of economists called for a 1.535 million pace.

The unexpected strength, bringing new home construction nearly back to February’s level, underscores robust buyer interest in new homes thanks to record-low mortgage rates and Americans looking for bigger spaces during the pandemic.

“Housing remains a bright spot in an otherwise weak economy, seeing a bounce from strong demand and low mortgage rates,” Rubeela Farooqi, chief U.S. economist at High Frequency Economics, wrote in a report. “Lean inventories will likely continue to support building activity over coming months, mostly in the single-family sector.”

Single-family starts rose for a seventh month to a 1.186 million annualized rate that was the highest since 2007, while starts for projects with five or more units, a category that tends to be volatile and includes apartments and condos, increased to 352,000.

New construction strength was broad-based nationally. Starts climbed in all four regions, led by a 12.9% rise in the Northeast, according to the report, which is published jointly by the Census Bureau and the Department of Housing and Urban Development.

Still, housing may face headwinds as the worsening spread of the virus prompts fresh restrictions and stimulus talks in Washington remain unresolved. Separately, another government report on Thursday showed that applications for U.S. unemployment benefits unexpectedly jumped last week to the highest level in three months.

Thursday’s housing report showed applications to build, a proxy for future construction, rose to 1.639 million, the highest since 2006. New single-family homes sold but not started also reached a 14-year high, indicating that builders will be able to keep busy for some time.

“Construction activity has not yet fully caught up with the surge in housing activity, leaving room for modest further gains,” Ian Shepherdson of Pantheon Macroeconomics said in a note. “Home sales have peaked, at least for now, though we think a renewed increase is likely next spring.”

A separate report Wednesday showed that U.S. homebuilder confidence eased slightly in December to the second-best level on record following the prior month’s peak.