Trump trade adviser: Rally comment on reducing Covid testing was just a joke

Trump trade adviser: Rally comment on reducing Covid testing was just a joke

“Come on. It was a light moment,” Peter Navarro said. Want to make the world a better place while prospering? This approach could be for you. It’s been about two months since the Vancouver Farmers Market made its 2020 debut after a delay caused by the COVID-19 pandemic. The ongoing public health crisis and a spate of rainy weather have caused the market to be a relatively subdued affair, but Saturday marked the return of an important feature: hot food. The value of the broadcast rights for Germany’s top league, the first major European soccer deal agreed upon since the health crisis, fell amid concerns about the lasting damage to the global economy. The Golden State Warriors’ upcoming NBA Draft pick is on the market. Rather than trading out of the draft completely, the Dubs should look for a later pick. The Global toys and games market will grow by $ 54.72 bn during 2020-2024

White House trade adviser Peter Navarro said Sunday that President Donald Trump was only joking when he said he asked his administration to slow down coronavirus testing for the sake of optics.

Speaking with CNN’s Jake Tapper on “State of the Union,“ Navarro repeatedly said, “Come on now, Jake. You know it was tongue in cheek. Come on now. That was tongue in cheek,” cutting off Tapper as he repeatedly asked about the president’s remarks.

“I don’t know that it was tongue in cheek at all,” Tapper retorted.

“That’s news for you, tongue in cheek,” Navarro said with a dismissive laugh.

Trump said during a comeback rally Saturday night that he had told officials to lower the number of coronavirus tests to temper the rising infection rate in the country. The U.S. has surged to the country with the most infections in the world.

“When you do testing to that extent, you’re going to find more people,” Trump said during his rally in Tulsa, Okla. “You’re going to find more cases. So I said to my people, slow the testing down please.”

Trump has made similar remarks in the past, but never as explicitly and to as large a platform as on Saturday night. The White House has since said multiple times that the president was joking.

“Come on. It was a light moment,” Navarro said.

There have been more than 2 million cases of coronavirus diagnosed in the United States, causing more than 110,000 deaths.


This Investing Strategy Is Beating the Market Amid a Pandemic

This Investing Strategy Is Beating the Market Amid a Pandemic

This has been an unnerving year for investors. COVID-19 went from a minor news story in China to a full-blown global pandemic. Government lockdowns took effect, business activity ground to a halt, and U.S. stocks witnessed their fastest bear market in history. 

Then, amazingly, the markets came roaring back to life. During these incredibly volatile times, an investing strategy called ESG has continued to gain popularity, and its followers have outperformed the market throughout this crazy time.

Could following this strategy be a good fit for you?

Blocks of wood growing with percentage signs on them

Image source: Getty Images.

ESG means investors pick which stocks they buy based on certain environmental, social, and governance criteria in addition to the usual business metrics.

For example, some investors want to invest in businesses that are actively trying to reduce their impact on the environment. This might mean that the companies disclose their greenhouse gas emissions, work to lower their carbon footprint, purchase renewable forms of energy, or take other environmentally friendly actions.

Other investors emphasis companies that score well in certain social areas. This could include businesses that provide above-average pay and benefits to their employees, work to improve their supply chain to only source ethically produced products, or take public stances on certain social justice issues.

Governance is a bit of a wonky category, but investors who focus their attention here want to make sure that a company is set up to ensure that all of its key stakeholders prosper, not just one or two. Companies that do well in this area tend to do a good job at aligning their management team’s incentives with outside shareholders’ interests, separate the chairman and CEO roles, emphasize gender and racial diversity in the board of directors and management teams, and more. 

What’s exciting about ESG investing is that investors don’t have to sacrifice returns to gain these benefits. In fact, investing with ESG factors in mind can often lead to higher returns.

For example, let’s compare an ESG-focused exchange-traded fund (ETF), the Vanguard ESG US Stock ETF (NYSEMKT:ESGV), to a similarly sized, non-ESG focused ETF: in this case, the Vanguard S&P 500 ETF (NYSEMKT:VOO)

On the surface, these two funds are quite similar. They both hold hundreds of stocks in a wide variety of sectors. They each have the majority of their assets focused on large businesses. They each charge low expense ratios, and both of their top 10 holdings have a lot of overlap, too.

But the ESG ETF also includes an extra set of screening criteria that emphasize ESG factors. These include:

  • Only investing in companies that score well in certain ESG areas.
  • Excluding companies from industries such as adult entertainment, alcohol, tobacco, weapons, fossil fuels, gambling, and nuclear power.
  • Excluding stocks that do not meet standards of U.N. global compact principles.
  • Excluding companies that do not meet certain diversity criteria.
  • Here’s how these two seemingly similar funds are performing since the start of 2020:

    ESGV Total Return Price Chart

    ESGV Total Return Price data by YCharts.

    And here’s how these two funds have performed since the ESGV was launched on Sept. 18, 2018:

    ESGV Total Return Price Chart

    ESGV Total Return Price data by YCharts.

    In both cases, the ESGV has outperformed the VOO by two or three percentage points. That might not seem like much, but when compounded over a lifetime, those extra few percentage points can potentially lead to thousands of dollars (or even millions) in extra returns.

    Before you write this performance off as just a fluke, you should know that there is data that backs up ESG investing. An asset management company called Arabesque found that companies in the S&P 500 that ranked in the top quintile of ESG attributes outperformed those in the bottom quintile by more than 25 percentage points between the beginning of 2014 and the end of 2018. What’s more, the companies that received the highest ESG scores were also less volatile on average. 

    What can explain the outperformance? While there are likely to be a lot of factors at play, here are a few that could be working in ESG companies’ favor:

  • These companies could have a lower risk of regulatory headaches or suffering reputational damage.
  • ESG companies might be able to retain their employees longer, which lowers training and hiring costs. 
  • Companies with high levels of diversity in leadership roles have access to a wider range of viewpoints so they can make more-informed decisions.
  • Customers might be more loyal to companies if they believe the business is doing good in the world.
  • The millennial generation, which is rapidly increasing its buying power, is generally shown to be supportive of socially responsible companies.
  • ESG investing is really catching on with investors in a big way. As of 2018, roughly one out of every four investing dollars under management was being put to work with at least some ESG principles in mind. That totaled nearly $12 trillion in assets, which is an 18-fold increase from 1995. The demand for this philosophy of investing is likely to continue, too.

    So if you are interested in doing good in the world, increasing your returns, and lowering your volatility, then ESG investing might be right up your alley. 


    Author: Brian Feroldi

    Hot food warms up Vancouver Farmers Market’s pandemic-era vibe

    Hot food warms up Vancouver Farmers Market’s pandemic-era vibe

    Published: June 20, 2020, 5:29pm

    5 Photos

    It’s been about two months since the Vancouver Farmers Market made its 2020 debut after a delay caused by the COVID-19 pandemic. The ongoing public health crisis and a spate of rainy weather have caused the market to be a relatively subdued affair, but Saturday marked the return of an important feature: hot food.

    The market is settling into its new pandemic-era rhythm, and vendors expressed confidence that it will continue to grow in subsequent weeks as Clark County slowly reopens.

    “Once we get some good weather, that’s going to get people out of their houses,” said Ken Condiff, owner of Nut-Tritious Foods and a regular vendor at the farmers market for the past seven years.

    The returning market initially opened on one block of Esther Street next to Esther Short Park, but has since expanded onto a portion of Eighth Street in order to add more stalls. COVID-19 health safety rules require at least 6 feet of space between stalls, so the returning market was limited to about 35 of its usual 150 vendors.

    The Eighth Street addition raised capacity to about 70, according to Farmers Market Executive Director Jordan Boldt. The plan is for the market to keep expanding in subsequent weeks, he said, although it depends on the organizers’ ability to line up volunteers to regulate the crowds at the entrances. COVID-19 health safety rules limit the number of customers allowed in at a time.

    “How do we count customers? That’s our biggest issue right now,” he said.

    In order to promote social distancing, the COVID-era market ditches the live music, interactive activities and other features that are normally at the heart of the event. During the initial weeks, that also meant that the vendor lineup was limited solely to produce and other food product sellers.

    Now that Clark County is in Phase 2 of the Safe Start reopening plan, Boldt said, the market has been able to allow some nongrocery and hot food vendors to return. Funky Fresh, Greek Gyros and K&K’s Fish n’ Chips & Chicken Too joined the lineup on Saturday.

    Inside the Funky Fresh truck, co-owners Shawna Stewart and Rebekah Trigg said they spent the morning greeting regular customers who were happy to see them return. The food truck had to delay the usual start of its seasonal operations, Stewart said, and she and Trigg are currently operating it themselves rather than hiring additional employees.

    Over at K&K, co-owner Kirsten Ah Yek said the booth had to be scaled down to fit the new distancing requirements and the menu had to be simplified, but after 15 years as a Vancouver market vendor, she’s determined to adapt and stick around.

    “Now that we’re back, we’ll be here until the end of the year,” she said.

    Attendance is still low — Boldt estimated that the market now sees between 1,500 and 2,000 visitors on a good day, compared with as many as 10,000 on the best days last year — but it’s expected to continue growing as the weather warms.


    Bundesliga TV Rights Deal Suggests a Softening Market

    Bundesliga TV Rights Deal Suggests a Softening Market

    Soccer|Bundesliga TV Rights Deal Suggests a Softening Market

    The value of the broadcast rights for Germany’s top league, the first major European soccer deal agreed upon since the health crisis, fell amid concerns about the lasting damage to the global economy.

    • June 21, 2020, 2:22 p.m. ET

    Germany’s top soccer league continues to be a bellwether for sports.

    The Bundesliga’s return to action in May after a two-month hiatus caused by the coronavirus pandemic gave other big leagues the courage, and also some helpful guidance, as they pressed forward with their own returns. Now the Bundesliga has become the first major European soccer competition to sell its domestic broadcast rights since the coronavirus outbreak.

    The clues from Germany this time are far less reassuring.

    The sale generated less than the record 4.6 billion euros ($5.1 billion) the Bundesliga earned under its current agreements, but not by a significant amount, according to two people with knowledge of the sale, which will be announced on Monday. The pool of broadcasters narrowed in the new deal, too, with all the games divided by Sky, the longtime incumbent, and the streaming service DAZN.

    The Bundesliga, DAZN and Sky Deutschland all declined to comment on the deal.

    The modest decrease in the new deal could be encouraging for leagues and clubs nervous about the game’s financial future. But the reduced fee — and the smaller pool of interested bidders — could also be a worrying harbinger for dozens of other leagues and broadcasters as they head into negotiations uncertain if games will be played on schedule, in front of fans — or even if they will take place at all.

    The Bundesliga sale took place against a backdrop of empty stadiums and unusual summer schedules as leagues raced to complete their suspended seasons to meet spectator demand and — perhaps more crucially — to limit the risk of nonpayment from their broadcaster partners. (The Bundesliga has yet to resolve a multimillion-dollar dispute with Discovery Inc.’s Eurosport, which pulled out of a contract to show games it had been contracted to broadcast.)

    While the sale offers a sign that premium sports properties are likely to command large fees even amid a bleak outlook for the wider global economy, it could also mark the end of a yearslong inflationary bubble for elite level sports programming. The value of the current Bundesliga deal, for instance, had represented an 85 percent leap from when the rights were last tendered in 2016.

    The impact of the pandemic almost certainly played a part in dulling the demand for soccer rights in Germany, but also in other key European television markets like Britain, Italy and Spain, which are typically the most sought programming. Only last year, Christian Seifert, the Bundesliga’s chief executive, predicted his league would continue its upward march, saying he anticipated broadcasters and digital upstarts like DAZN would be prepared to spend even more.

    “The German pay-TV market still has a lot of room to grow,” Seifert told the Financial Times last year.

    Ultimately, that did not prove to be the case. But it could also have been worse, given cost cutting plans at Sky and what appears to be the absence of strong bids from Amazon and Deutsche Telekom, two companies that had been rumored to be preparing to compete fiercely for games.

    Sky managed to secure the main Saturday night game, appointment television in Germany that is akin to Sunday and Monday night N.F.L. games in the United States. But in what could be a sign of the belt-tightening measures imposed by its new owner, Comcast, Sky secured six games per week, two fewer than it currently airs.

    DAZN has doubled down on its bet in Germany, where starting in 2021 it will also be the country’s main Champions League broadcaster. The company has been burning through cash as it seeks to build its subscriber base, but it has shown little sign in slowing even as it has lost more than $1 billion in the past two years.

    Germany, along with Japan, is the streaming company’s biggest market. DAZN will exclusively show games on Friday nights and Sunday, while Sky’s matches will be largely limited to Saturdays.


    Author: Tariq Panja

    Golden State Warriors should trade down, not out of 2020 NBA Draft

    Golden State Warriors should trade down, not out of 2020 NBA Draft

    AUBURN, ALABAMA – FEBRUARY 12: Isaac Okoro #23 of the Auburn Tigers reacts in the first half against the Alabama Crimson Tide at Auburn Arena on February 12, 2020 in Auburn, Alabama. (Photo by Kevin C. Cox/Getty Images)

    The entire league understands the Golden State Warriors are open to trading their upcoming NBA draft pick. But, nobody seems sure if the Warriors will trade out of the draft entirely or simply look for a selection farther in the order.

    Both options have potential. If the Warriors looked to trade out of the draft, that would likely mean they are aiming for a more talented player in return. Andre Iguodala’s $17 million dollar trade exception will help give them the freedom they need to flip this pick for a more valuable player.

    Still, the best option for the franchise would be to stay in the draft. While they aren’t in desperate need for a top prospect, it’s important to keep stashing away young talent in the event that the Warriors need to begin a rebuild sooner than they want to.

    There are only a few players in this draft that seem to have All-Star projections. As for the rest of the class, there are a few prospects with promising futures as high-quality role players. This is the type of player the Dubs should be targetting.

    A versatile wing such as Isaac Okoro could be on their list. Or, a rim-running big-man like Onyeka Okongwu. If they want to find a backup for Stephen Curry, Tyrese Haliburton will probably be on the board later in the lottery.

    The Warriors should look to swap picks with a team further down in the order. Not only will this help them acquire some immediate help but it will allow them to collect another prospect to add to their developing core.

    Eric Paschall is the team’s most intriguing member but Ky Bowman and Jordan Poole have the ability to become reliable producers as well. Adding another promising player to this core could be huge for the franchise.


    Author: by Tony Pesta

    COVID-19 Impact and Recovery Analysis- Toys And Games Market 2020-2024 | Increasing Children's TV & Internet Viewership to Boost Growth | Technavio

    COVID-19 Impact and Recovery Analysis- Toys And Games Market 2020-2024 | Increasing Children’s TV & Internet Viewership to Boost Growth | Technavio

    Technavio has been monitoring the toys and games market and it is poised to grow by $ 54.72 bn during 2020-2024, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

    This press release features multimedia. View the full release here:

    Technavio has announced its latest market research report titled Global toys and games market 2020-2024 (Graphic: Business Wire)

    Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Toys and Games Market Download free sample report

    The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Atlas Games, Clementoni Spa, Goliath Games LLC, Hasbro Inc., LEGO Group, Mattel Inc., Ravensburger AG, Thames & Kosmos, TOMY Co. Ltd., and VTech Holdings Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

    Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

    View market snapshot before purchasing

    The popularity of TV shows and movies has been instrumental in driving the growth of the market.

    Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

    Toys and Games Market 2020-2024: Segmentation

    Toys and Games Market is segmented as below:

    • Product
      • Activity And Ride-on Toys
      • Infant And Pre-school Toys
      • Plush Toys
      • Games And Puzzles
      • Others
    • Distribution Channel
      • Offline Distribution Channel
      • Online Distribution Channel
      • Geographic Landscape
        • APAC
        • Europe
        • MEA
        • North America
        • South America
        • To learn more about the global trends impacting the future of market research, download a free sample:

          Toys and Games Market 2020-2024: Scope

          Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our toys and games market report covers the following areas:

          • Toys and Games Market Size
          • Toys and Games Market Trends
          • Toys and Games Market Industry Analysis

          This study identifies the rise in online sales as one of the prime reasons driving the toys and games market growth during the next few years.

          Register for a free trial today and gain instant access to 17,000+ market research reports.

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          Toys and Games Market 2020-2024: Key Highlights

          • CAGR of the market during the forecast period 2020-2024
          • Detailed information on factors that will assist toys and games market growth during the next five years
          • Estimation of the toys and games market size and its contribution to the parent market
          • Predictions on upcoming trends and changes in consumer behavior
          • The growth of the toys and games market
          • Analysis of the market’s competitive landscape and detailed information on vendors
          • Comprehensive details of factors that will challenge the growth of toys and games market vendors

          Table of Contents:

          Executive Summary

          • Market Overview

          Market Landscape

          • Market ecosystem
          • Value chain analysis

          Market Sizing

          • Market definition
          • Market segment analysis
          • Market size 2019
          • Market outlook: Forecast for 2019 – 2024

          Five Forces Analysis

          • Bargaining power of buyers
          • Bargaining power of suppliers
          • Threat of new entrants
          • Threat of substitutes
          • Threat of rivalry
          • Market condition

          Market Segmentation by Product

          • Market segments
          • Comparison by Product placement
          • Activity and ride-on toys – Market size and forecast 2019-2024
          • Infant and pre-school toys – Market size and forecast 2019-2024
          • Plush toys – Market size and forecast 2019-2024
          • Games and puzzles – Market size and forecast 2019-2024
          • Others – Market size and forecast 2019-2024
          • Market opportunity by Product

          Market Segmentation by Distribution channel

          • Market segments
          • Comparison by Distribution channel placement
          • Offline distribution channel – Market size and forecast 2019-2024
          • Online distribution channel – Market size and forecast 2019-2024
          • Market opportunity by Distribution channel

          Customer landscape

          • Overview

          Geographic Landscape

          • Geographic segmentation
          • Geographic comparison
          • APAC – Market size and forecast 2019-2024
          • North America – Market size and forecast 2019-2024
          • Europe – Market size and forecast 2019-2024
          • South America – Market size and forecast 2019-2024
          • MEA – Market size and forecast 2019-2024
          • Key leading countries
          • Market opportunity by geography

          Drivers, Challenges, and Trends

          • Market drivers
          • Volume driver – Demand led growth
          • Volume driver – Supply led growth
          • Volume driver – External factors
          • Volume driver – Demand shift in adjacent markets
          • Price driver – Inflation
          • Price driver – Shift from lower to higher-priced units
          • Market challenges
          • Market trends

          Vendor Landscape

          • Overview
          • Landscape disruption

          Vendor Analysis

          • Vendors covered
          • Market positioning of vendors
          • Atlas Games
          • Clementoni Spa
          • Goliath Games LLC
          • Hasbro Inc.
          • LEGO Group
          • Mattel Inc.
          • Ravensburger AG
          • Thames & Kosmos
          • TOMY Co. Ltd.
          • VTech Holdings Ltd.


          • Scope of the report
          • Currency conversion rates for US$
          • Research methodology
          • List of abbreviations

          About Us

          Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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