Macro Briefing | 15 July 2020

Promising results from Moderna’s first Covid-19 vaccine trial: NBC
Widespread mask use would control Covid-19 spread, says CDC director: STAT
China says it will retaliate after Trump ends Hong Kong’s special status: Reuters
Prime Minister Boris Johnson bans China’s Huawei from UK’s 5G network: CNN
Banks bulk up on cash to prepare for a surge in loan losses: NY Times
Sharp drop in global fertility rate will have “jaw-dropping” impact on societies: BBC
Fed’s Brainard: coronavirus still poses hefty economic risks for US: WSJ
Fed’s Kaplan expects pickup in US growth in 2021: CNBC
Apple scores a major victory on taxes in European Union: WSJ
US headline consumer price inflation up 0.6% in June–first gain in 4 months: MW
US small business optimism rebounded sharply in June: NFIB