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China’s Covid outbreak isn’t but at a turning level: hospital director

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Medical workers collect swab samples from residents of a Covid-19 testing site in Qiaoxi Township in Shijiazhuang, capital of north China’s Hebei Province, on Jan. 7, 2021.

Yang Shiyao | Xinhua News Agency | Getty Images

BEIJING – Beijing remains on the lookout for a recurrence of Covid-19 infection as neighboring Hebei Province continues to report new cases every day.

Hebei reported an increase in cases earlier in the year. In the last week or so, the province closed its own capital and at least two other areas to contain the spread of the coronavirus.

“The turning point has not yet come (for Hebei),” Gao Yan, director of the Infectious Diseases Department at Peking University People’s Hospital, told reporters on Friday. That comes from a CNBC translation of her Mandarin-language remarks.

Due to previous outbreaks in China, it usually takes about a month to reach a tipping point.

Hebei Province reported 90 new confirmed cases on Thursday, bringing the total number of current cases to more than 550. The majority are in the capital, Shijiazhuang, about three and a half hours by car southwest of Beijing.

Targeted measures in Beijing, such as tracking down people in contact with Hebei cases, are sufficient for the time being, Gao said. She said the likelihood of the Chinese outbreak recurring last year was “very, very small”.

Covid-19 first appeared in the Chinese city of Wuhan in late 2019. The authorities did not lock the city until more than a month later. More than 4,000 people have died from the virus in China, according to Johns Hopkins University. The disease has killed more than 1.9 million people worldwide.

Beijing launched a city-wide vaccination campaign with more than 200 vaccination centers on January 1, 2021 to ensure critical staff are vaccinated before the New Year celebrations. Hundreds of millions of people usually travel the month around the public holiday, which officially falls in mid-February of this year.

According to official figures, in about two weeks from 5 p.m. local time on Thursday, the capital administered 1.5 million vaccine doses. At least for a large vaccination center in the Chaoyang district – where large foreign companies and embassies are located – the vaccines came from the state-owned Sinopharm company.

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The hedge fund supervisor warns of a market crash like 1929

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People gather on Wall Street in front of the New York Stock Exchange, October 25, 1929.

Ullstein picture | Getty Images

President-elect Joe Biden’s Covid spending plan could restore financial conditions leading up to the Wall Street crash of 1929, with rising inflation possibly causing the bursting of an “epic” stock market bubble, according to a hedge fund manager.

The comments come shortly after Biden outlined the details of a $ 1.9 trillion bailout to help households and businesses through the coronavirus pandemic.

David Neuhauser, chief executive officer of Livermore Partners, said Biden’s spending plan appeared to be an attempt to mimic the “roaring 20s” by quickly getting people back on the workforce.

“But be careful, the ‘roaring 20s’ led to the stock market crash and the Great Depression in 1929. So be careful what you want,” he added.

If the American Rescue Plan is passed by the new democratically-controlled Congress, it will include $ 1 trillion in direct aid to households, $ 415 billion to fight the virus, and approximately $ 440 billion to small businesses.

“We don’t just have an economic need to act now – I think we have a moral obligation,” Biden said Thursday as he announced his plan from his interim headquarters in Delaware.

The former vice president is due to be inaugurated on January 20th.

US President-elect Joe Biden speaks out on January 14, 2021 at the Queen Theater in Wilmington, Delaware, on the public health and economic crises.

Jim Watson | AFP | Getty Images

When asked if investors should be concerned that the president-elect’s spending plan could lead to an event like the stock market crash of 1929, Neuhauser replied, “I think so.”

“You are seeing this massive $ 1 trillion deficit spending due to a pandemic that the world has naturally stopped for the past nine months, and the goals, of course, are, ‘We’re going to get a vaccine (and) we’re going to get through this,” said Neuhauser opposite CNBC’s “Squawk Box Europe”.

“We still don’t know how quickly and how quickly we can get through this. We also don’t know what global growth will look like in the years to come.”

After the stock market crash of October 29, 1929, the S&P 500 fell 86% in less than three years and did not exceed its previous high until 1954.

Neuhauser cited the expectation that US GDP (gross domestic product) could grow by 6% in 2021, but warned that growth is likely to normalize at a rate between 2% and 3% in subsequent years. An aging US population and massive corporate and national debt would also mean it’s likely a “hard road”, he said.

Neuhauser’s view, however, is not a consensus. James Sullivan, head of Asia Ex-Japan Equity Research at JPMorgan, told CNBC on Friday that Biden’s plan was more than double what the bank had expected.

So it was a “positive surprise” for the market and for general US growth in the years to come.

Separately, Goldman Sachs analysts increased their estimates of US household spending in the news in a release on Friday. They noted that Biden’s proposal on individual stimulus payments, unemployment benefits, state tax subsidies and public health funding went further than expected, but stressed that he faced hurdles in going through Congress.

Inflation warning

US stock futures were lower Friday morning, with contracts linked to the Dow Jones Industrial Average falling 89 points while the S&P and Nasdaq both traded in negative territory. The major US indices are currently on track to close the lower week to date.

Even so, the Dow and Nasdaq posted new all-time highs for the day in the previous session, while the S&P closed around 0.81% of its record high.

“The market is trying to figure out which narrative they should go with. And in the past nine months it has risen almost in a straight line in relation to the stock markets,” said Neuhauser.

“I think what happens in the end is that (there) so much is going to be built into the market and (we) will eventually start inflationary factors coming in. Those are the things that will ultimately burst the epic bubble.”

Earlier this week, data showed that US consumer prices rose in December on a spike in gasoline prices, but underlying inflation remained relatively low. The U.S. Department of Labor announced Wednesday that its consumer price index rose 0.4% last month, after rising 0.2% in November.

In the 12 months to December, the CPI rose 1.4% after rising 1.2% in November. The numbers were largely in line with economists’ expectations.

The Keurig the cocktail maker

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Illustration for article titled Is the Keurig the Cocktail Maker Worth $ 350?Image: Bartesian

Bartesian | $ 350 | Amazon

Just before last year’s vacation started, I found myself owning one Bartesian. The main goal? Drinking as many cocktails and mocktails as possible to get through the rest of 2020 in one piece. The holidays are almost always hectic – between buying gifts for loved ones, writing a steady amount of content, and everything else (like a one-off 100 year pandemic plus a classic coup!) I was stressed out the hell out of it. I won’t waste time describing my personal woes as I am not Drake, but we can dive into the Bartesian and how it actually works.

If you are familiar with a single serving beverage company, with Keurig being the most popular, you will understand how it works. The Bartesian is large and uniform in appearance, but still an eye-catcher on your countertop. It comes with four glass bottles – one for vodka, whiskey rum / gin and tequila. It is important to place the glasses where they are labeled so that the computer can draw the correct type of alcohol for the cocktails.

Similar to the Keurig, unlike coffee pods, you have to have cocktail capsules ready. I used the Cosmo and Lemon Drop with vodka. There is a water reservoir at the foot of the Bartesian. This is very important too – if you want to keep your guarantee just put water in the back. So no strange jungle juice preparations. This is specially made for the adult and sexy.

Illustration for article titled Is the Keurig the Cocktail Maker Worth $ 350?Photo: Ignacia Fulcher

After choosing a pod, you can choose between cocktail, light, normal or strong. If the cocktail you’ve chosen doesn’t need to be shaken, you’re good to go! If not, investing in a shaker as well and then pouring your drink into your preferred glass and enjoying it might be a good thing. The cocktails themselves are delicious as hell and have been a hit with my family over the holidays (and after). They loved the fact that they didn’t have to mix drinks by hand. Ringing in the New Year was a simple but spirited affair.

Sure, the Bartesian has a pretty high price tag $ 350and a six-pack pod is around $ 15 each, but it really gets your money’s worth. I mean especially when you miss going to bars and paying $ 13 for a top notch vodka cranberry. Why not have some fun you know We’ll all be in the house by at least autumn 2021 anyway.

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$ 350

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Can You Make Actual Cash With Steel Detection?

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Illustration for article titled Can You Make Real Money Metal Detection?Photo: Voyagerix (Shutterstock)

There has been a lot of eye catching news about people using metal detectors to uncover valuable artifacts –old coins, precious jewelry, Gold nuggets, maybe even a piece of the crown of Charles I.? (The British always have the best finds).

As exciting as these discoveries are, the chances of finding such items are slim and may depend on your experience, the metal detector you use, the places you explore and, crucially, your level of commitment. You could make a little more money with a metal detector, but don’t expect to make a living from it –maybe only $ 20 a week. On the other hand, the prospect of a big find is tempting too, but you need to invest the time, money and know-how if you hope so – and be ready to spot lots of old rusty nails along the way.

How metal detection can pay off

If you are lucky enough to discover valuable objects during metal detection, keep in mind that they have to make up for the cost – your time is money, metal detectors costs thousands of dollarsand you will likely have travel expenses too.

Illustration for article titled Can You Make Real Money Metal Detection?

Also, even if you find one, you may not be able to keep the treasure. While most states have a finder-keeper Treasury ActSome states require that items worth $ 100 or more be turned over to the police.

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Realistically, you will likely make more money as a professional detector searching for people’s lost jewelry. You can join websites like that Ring seekerSo people in your area can set you as a local metal detector. Note, however, that professional detectors typically only charge for gas money and a “retrieval fee” of $ 25-50 (for the trouble if nothing shows) and usually operate on a “reward basis” (pay what you can) . . The joy of finding a lost wedding ring might be a reward, but you probably don’t want to think of it as much more than a hobby.

Another way to make money is by doing a popular metal detection youtube channel, but you’d really need to invest the time and some money into these first (for more information on making money on YouTube, see here Lifehacker Post ).

Aside from that, who knows, you might find some hidden treasure under your porch after all?

Ethical considerations

There are many reasons why it is possible and it is possible to decide and regulate where you can perform metal detection. Do not try national parks, near monuments, on historical battlefields, or in Native American countries. People who ignore the rules tend to give the hobby a bad rap, which is why many detectors follow a Code of Ethics.

For more information on legal considerations, see Check out this post from the metal detection blog Tech Metals Research.

Blake Shelton defends “Minimal Wage” music from “Ridiculous” Backlash

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But Blake believes that those who criticized the song “obviously didn’t hear the song or read the lyrics” because, in his view, they would understand the emotions behind it, rather than questioning the romanticization of life near or below the poverty line.

“I feel like there are people these days who don’t want to know the truth. They just want to hear what they want to hear and they want to choose a fight. No matter what you’re up to, no whatever the truth is, they want it to be something to get upset about so that they can get on social media and try to get a headline, “he continues. “When I said ‘minimum wage’, I first thought, ‘Wow, I think I just missed something here.’ And the more I read about it, the more I realized that it really wasn’t real. “

Xiaomi was added to the US blacklist of Chinese language navy corporations

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Xiaomi’s headquarters

Getty Images

GUANGZHOU, China – The Trump administration has blacklisted smartphone maker Xiaomi on suspected Chinese military companies.

The Chinese company’s Hong Kong-listed shares fell 10.6% on the news when it opened on Friday.

Beijing-based Xiaomi was the third largest smartphone maker in the world in the third quarter of 2020, according to Counterpoint Research.

The move means Xiaomi is now subject to a November regulation preventing American investors from buying stocks or related securities of companies named by the Department of Defense as a Chinese military company.

Trump’s original executive order was subsequently expanded to force investors to sell or sell affected holdings by November 11 of this year.

Xiaomi wasn’t immediately available for comment when contacted by CNBC.

The company is listed in Hong Kong, not the United States

“The Ministry is determined to highlight and combat the People’s Republic of China (PRC) military-civil fusion development strategy, which supports the modernization goals of the People’s Liberation Army (PLA) by ensuring access to advanced technology and expertise acquired and developed by Even those companies, universities and research programs in the PRC that appear to be civil entities, “the DOD said in a statement.

Xiaomi is one of nine entities called “Communist Chinese Military Enterprises”. Comac, a Chinese aircraft manufacturer, is also on the list.

The DOD published its first list of companies in June 2020. Companies like Chinese tech giant Huawei and semiconductor maker SMIC are also on the list.

In accordance with Gottlieb, the US could face an “everlasting an infection” with Covid

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Dr. Scott Gottlieb emphasized the importance of getting as many people as possible vaccinated and warned of a potentially bad spring and summer without protective immunity, as new variants of Covid are emerging worldwide.

“If we can’t achieve more protective immunity among the population, we could face a situation where we have some kind of continuous infection in the spring and summer as those variants take hold here,” said the former FDA chief in the Trump- Administration in an interview on CNBC’s “The News with Shepard Smith” Thursday evening.

Ohio State researchers found a new strain of Covid in the United States with mutations that scientists had not seen before. They also revealed that they had found a different strain identical to the highly communicable one from the UK. The researchers say these mutations “likely make the virus more contagious”.

Gottlieb warned that the variants could turn a relatively quiet spring and summer into a summer when we have more infections because these variants are now in circulation and spread more easily even in the warm months when we shouldn’t . I didn’t spread a lot of coronavirus. “

Long-time professor at Harvard University, Dr. David Edwards, echoed Gottlieb’s views on the timing and importance of an effective vaccine rollout.

“Time is of course important when facing an organism,” said Edwards, founder of FEND, a nasal hygiene mist developed for the coronavirus pandemic. “Our main goal this winter should still be to vaccinate as many people as possible with the very powerful vaccines we have today.”

The U.S. has distributed 30.6 million vaccines and placed 11 million of them in the arms of the people, according to the Centers for Disease Control and Prevention. However, an ensemble forecast compiled by the CDC predicted an additional 92,000 Americans will die from Covid in the next three weeks.

The United States has suffered 8,400 deaths in the past two days and nearly 40,000 deaths in less than two weeks of 2021, according to a CNBC analysis of Johns Hopkins data. The pandemic kills an average of more than 3,300 Americans a day.

Gottlieb told host Shepard Smith that he was “encouraged” and “confident” by Johnson & Johnson’s single-dose vaccine that the company can scale its manufacturing to support the introduction of Covid vaccines in the US

“The early data looked encouraging,” said Gottlieb. “One of the things we saw in the data was that the antibody response continued to rise even after about two and a half months.”

Disclosure: Scott Gottlieb is a CNBC employee and a member of the boards of directors of Pfizer, the genetic testing startup Tempus, and the biotech company Illumina. Pfizer has signed a manufacturing agreement with Gilead to manufacture Remdesivir. Gottlieb is also co-chair of Norwegian Cruise Line Holdings and Royal Caribbean’s Healthy Sail Panel.

Cramer’s “Mad Cash” assessment (Thursday, Jan 14, 21)

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There are many things that a stock rally can do, Jim Cramer told Mad Money viewers Thursday. It’s the day we saw hopes for more momentum, a helpful Federal Reserve, and positive comments from Delta Air Lines, to name a few. But there’s another, more investable reason to buy a stock – bottlenecks.



graphical user interface, graphics: reasons for the rally: cramers


© TheStreet
Reasons for the rally: Cramer’s “Mad Money” review (Thursday, 01/14/21)

Cramer said there was a shortage of products, for example when Taiwan Semiconductor announced an increase in its capital expenditure budget to build more chips to meet demand. The semiconductor maker’s shares rose 6% on the news.

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There are also IPO bottlenecks, a tactic investment bankers use to cap stocks to ensure a positive first day of trading. It happened today with Petco (plus 63%), Poshmark (plus 141%) and Affirm (18% after going public on Wednesday).

After all, Cramer said, there is a shortage of stocks when short sellers are squeezed. Video game retailer GameStop’s shares have been slashed for years as the industry moves online. But with an activist investor and strong demand for the PlayStation 5 and Xbox, the shorts came under pressure and stocks rose 121% over the past week.

Similar short-busting can be seen at Beyond Meat, which closed 13% on Thursday, and Bed Bath & Beyond, which rose 18.7% at the end of the day.

These are just a few reasons individual stocks are higher, Cramer explained, even if they’re harder to spot.

Cramer and the AAP team are investigating everything from revenue and tariffs to the Federal Reserve. Find out what they are saying to their investment club members and have fun with a free trial subscription to Action Alerts Plus.

Executive decision: Signet Jewelers

In his first “Executive Decision” segment, Cramer spoke to Gina Drosos, CEO of Signet Jewelers, the jewelry chain with 2,900 locations and booming online sales, which rose 6.1% on Thursday. Signet’s shares are up 288% over the past six months.

Drosos said Signet cracked the online jewelry sales model with two initiatives. The first are better visualizations that allow customers to really “see” their item online. The second is expert advice, just like you would get in stores. Signet now has 700 virtual sales reps to assist customers with their online purchases. The company also introduced the “buy online, in-store pickup” options that customers love.

Signet also focuses on their bottom line. Drosos found that the company had paid off debt and used data and analytics to reduce inventory by making sure only the right items were in the right places.

When asked about their retail presence, Drosos said they migrated from locations in malls to locations outside of malls with a higher sales profile and they still see plenty of growth opportunities.

Don’t miss out on Cramer’s best every day with quick, actionable strategies: StreetLightning.

Executive decision: Honeywell

For his second “Executive Decision” segment, Cramer spoke to Darius Adamczyk, Chairman and CEO of Honeywell, about his company’s plan to vaccinate one million North Carolinians over the next six months.

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Adamczyk stated that the vaccine manufacturers did an excellent job developing and manufacturing their vaccines, and now it is up to all of us to get those doses into everyone’s arms as soon as possible. He said the challenge is not easy. Bulky vaccination encompasses storage, distribution, administration, supply chains, and records, which is why Honeywell works with other companies to get the job done.

What Honeywell is hoping, Adamczyk said, is to build a model that other states and other partnerships can follow to get the supplies, staff and technology needed to large venues that can handle the massive flow of people. In the case of their efforts in North Carolina, they will use the Carolina Panthers Stadium to vaccinate tens of thousands of people every day.

Executive decision: Cisco Systems

For his final executive decision segment, Cramer has also checked in Chuck Robbins, chairman and CEO of Cisco Systems, the network equipment maker that has just signed a new deal to acquire Acacia Communications for $ 115 per share.

Robbins said the Acacia deal was a long time coming, but he still feels that Cisco is getting a fair price and they are ready to welcome the Acacia team to the Cisco family. He said the 5G wireless buildout is now happening and companies will soon be ready with brand new applications to run on. Because of this, it was critical for Cisco to combine the forces with Acacia.

Cramer then asked Robbins how a CEO of a Fortune 500 company is coping through these troubled economic and political times. Robbins said the role of CEO has changed a lot in recent years and changed again last week due to the violence in Washington, DC. He said it was wrong to use technology to incite violence or encourage hatred and racism, and that is something that the tech industry is grappling with. CEOs need to be a unified force for everyone.

Not just profits

In his No-Huddle Offense segment, Cramer proclaimed that new investors have changed the market landscape forever, and not just with their high-risk, high-reward strategies.

Cramer stated that he interviewed Petco’s CEO the Thursday before. In the past few years, Cramer would have focused on earnings and sales growth. However, younger investors wanted to learn more about the company’s social responsibility efforts, including removing shelters and helping animal cancer research.

While older investors may make fun of environmental stewardship, PepsiCo recently announced it would double its carbon footprint reductions and its stake in the Northern Genesis acquisition continues to rise before the SPAC reverse merges with Lion Electric.

These are all trends that are not going to go away anytime soon, Cramer concluded, and all investors need to watch out for.

Lightning round

Here’s what Jim Cramer said about some of the stocks callers offered during Thursday night’s Mad Money Lightning Round:

Ballard Power Systems: “Ballard is good, but Plug Power is my favorite.”

Romeo Power RMO: “I think this one has come down a lot and I think it is attractive.”

Occidental Petroleum: “This is a deal in the short term, but you have to get out at some point.”

Salesforce.com: “People don’t like this acquisition, but I think they are having a good year.”

On Real moneyCramer provides an overview of the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.

Browse Jim Cramer’s “Mad Money” trading recommendations with our exclusive recommendations “Mad Money” Stock Screener.

To watch reruns of Cramer’s video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer’s free booyah! Newsletter with all his latest articles and videos please click here.

At the time of publication, Cramers Action Alerts PLUS held a position in CRM.

This article was originally published by TheStreet. Continue reading

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The very best area of interest streaming providers for each kind of viewer

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Illustration for article titled The Best Niche Streaming Services for Every Type of ViewerScreenshot: Jordan Calhoun

Crackle
Crackle is a revolving door for TV and movie content that doesn’t cost you anything, but of course that means it needs to generate ad-based revenue, and its library is relatively thin compared to what you get from paid services. You might find great episodes of a show that you forgot, but you also run the risk of that show’s availability being limited to a small number of episodes or seasons. Crackle also has some original programs such as the documentaries Going from Broke and the horror comedy film Office Uprising. Given its ever-changing cast, Crackle is best for trying new shows or looking for forgotten entertainment from the past.
Costs: $ 0

Tube
Tube has a surprisingly large library considering it’s completely free. You will come across ads, of course, but you may also find many shows or movies that you cannot find elsewhere. (For one, I’m grateful for recently getting to re-watch Transformer’s Beast Wars, which I couldn’t find on any of my many paid streaming services at the time.) Don’t expect a ton of new or trending titles, but the free catalog does tubi to something that might even be worth paying for. You know, if it wasn’t for free. (The FAQs understandably contain the questions “Is Tubi really free?” And “Is Tubi legal?” And luckily it is both.)
Costs: $ 0

Vudu
Vudu isn’t entirely free – there are plenty of titles you can pay for – but given the number of free titles available, it’s worth adding to the list. There are over 10,000 of them, and you can easily filter to find the free content, including lots of B-rate movies, old sitcoms, and endless horror movies (if you’re looking for something random in October). Vudu is great when you have no idea what to watch. Browse around and discover an obscure old movie or random old series that you can watch for free – and when you see something newer that you want to buy, it’s just a click away.
Costs: $ 0 (more or less)

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