British business confidence is always low, Deloitte’s report revealed
Business confidence in British companies has plummeted to an all-time low due to the coronavirus pandemic, according to a survey of finance chiefs at the biggest companies in the UK.
Accounting group Deloitte found that nine out of 10 financial directors believe there is a high or very high level of uncertainty facing their business.
Deloitte’s latest quarterly finance chief survey was conducted after Britain was locked down, and warned that only 16% of executives were more optimistic about the prospects for their companies than three months ago.
This survey has recorded the lowest reading of business confidence since it was launched in 2007, even lower than during the global financial crisis, in stark contrast to the last quarter of 2019, when the survey recorded confidence at a record high.
New Zealand did not record a new case for the first time
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New Zealand has recorded the day there were no new cases of Covid-19 in the country for the first time.
This is an “encouraging result,” said Ashley Bloomfield, director general of health, who announced the latest figures at an ongoing press conference in Wellington.
There are 1,487 confirmed Covid-19 cases and are likely in New Zealand, with 86% of them now recovering. Seven people were hospitalized.
20 people have died from the virus so far, and no additional deaths were reported on Monday.
Jacinda Ardern, prime minister of New Zealand, has won international acclaim for the fast and fast locking of New Zealand.
The most stringent measures were eased last Monday, and officials and the public paid close attention to the daily figures to see if the steps could ease further next week.
Trump was asked about returning the country to work, and he said that not working could also have serious consequences for people, but praised the government’s success with the virus.
Acknowledging that each death is one too many, he said: “In the case of death … we are at the lowest predicted level, and we may not even reach it.”
Then he appears to issue a re-election strategy, pretty much in the form of dots:
1. Get rid of viruses
2. Get the country back to work “quickly and safely”
3. Economically, he said the third quarter would be a “transitional” quarter, increasing in the fourth quarter, and then the “great year” next year.
Six months until the US election will be held (November 3), and he was asked if he would hold an election general meeting:
“Everybody wants a demonstration … but I don’t think you can do a demonstration with an empty stadium,” he said, adding that he hoped to do so in the last few months.
And the event is over.
Mike Pence finally received word. He was asked about not wearing a mask when he visited the Mayo clinic last week, an event that was widely publicized. He apologizes.
“I don’t think it’s necessary, but I should wear a mask at the Mayo clinic,” he said.
The vice president then went on to ensure that he “knew we would get through this (pandemic)” and thanked the American people for what they had done.
Steve Mnuchin still hasn’t said a word.
The vice president, Mike Pence, and the Secretary of Finance, Steve Mnuchin, have joined the broadcast with Trump, but they barely got word.
Trump was asked if he considered tariffs as a way to punish China.
“This is the ultimate punishment, I will tell you that. We all play complicated chess or poker games … but this is not chess, I will tell you.”
“The minimum tariff is the biggest negotiating tool,” he said.
He then attacked the World Health Organization because of their involvement in managing the virus. He said WHO missed “every call” on the virus.
He also targeted China very much: “Don’t forget the Chinese tried to blame him on some of our soldiers. Then they tried to blame him Europe. “
Asked whether the virus originated from the laboratory, intentionally or unintentionally, he said:
“I think they made a terrible mistake and they don’t want to admit it.
“My opinion is they made a mistake, they tried to cover it up … they could not put out the fire. They stopped people going to China but did not stop people around the world.
“They know they have a problem. I think they are ashamed of this problem, “Trump said.
Will this affect his relationship with President Xi? He was reluctant to blame Xi directly.
“I conducted many trade transactions with him. I will not say anything. He is a strong man, “he said.
“But this should never have happened. They should have extinguished it. They should have allowed us and other countries to put it out.”
Cases worldwide exceed 3.5 million, nearly a quarter million deaths
Trump was asked about his relationship with China, including on trade, and he was not happy about it: “China has never given 10 cents to our country … they robbed our country … I have said this to President Xi … I get along well with him … ( but) he should do something different in this regard. “
He then went on to list all the trade agreements he had successfully … with South Korea, Japan and others. The message is that the economy will revive next year.
“This country will grow like crazy,” he said.
Now he was asked about whether the manufacture of drugs will be brought back ashore, antibiotics and the like. He did not give specifics but said “America first” was his election spell, and reiterated that he thought there would be a vaccine soon.
“We will have a vaccine by the end of this year. I really believe, “he said.
Trump’s virtual city hall returned from a commercial break, and subsequent video calls from businesses that did not qualify for any financial support.
“At some point we have to open our country. We cannot remain closed as a country or we will not have the remaining country. “
Trump said “the biggest thing we can do is get rid of viruses”.
He is now pushing for the economic recovery he hopes for next year. “We did the right thing (closing the business), but we never want to do it again,” he said.
The next question is from a Trump supporter who asks why he didn’t answer the question at the news conference and discusses other tangents about the positive decisions he made. He made harsh words about how hostile the press was and that he had been treated worse than Abraham Lincoln by the press.
“The media might also be in the Democratic party,” he said.
Then list what else he saw as his success … killing leader Isis Abu Bakar al-Baghdadi, killing Iranian general Qasem Soleimani, launching space forces.
The Fox anchor suggests he will be tried in the election for handling the virus. He disagrees.
Meanwhile in Michigan:
Governor Gretchen Whitmer of Michigan issued a reprimand from armed demonstrators who gathered in the state capital last week to oppose locking orders across the state, saying the demonstrators manifested some of the “worst racism” in the country’s history.
“Some outrageous of what happened in our capital illustrates some of the worst racism and terrible parts of our history in this country,” Whitmer said in Sunday’s interview at the State of the Union CNN.
Last week, Donald Trump said about the protesters: “They are very good people.”
Hundreds of protesters, many not wearing face masks and some armed with “long weapons”, gathered inside the state building in Lansing on Thursday when lawmakers debated the Democrat governor’s request to expand his emergency force to combat the coronavirus virus pandemic. The overcrowded crowd tried to enter the floor of the legislative chamber and were detained by rows of state police and capitol staff, according to video footage posted by local reporters.
It should be noted that Fox News is a “virtual city hall” as they call it, a highly controlled interview environment, compared to President Trump’s usual White House daily briefing. He is being interviewed with two Fox news anchors and receives several phone calls.
Fox has chosen questions to ask Trump from the “thousands” of video questions and calls he has received from viewers over the past week.
When asked about why he had not acted on the virus before, he quickly pointed out that many people, including he said, disease expert Anthony Fauci, said Covid-19 “would graduate”.
He indicated the US intelligence community would release a report about the virus on Monday.
He is now asked about what actions are being taken to protect nursing homes: “The problem of nursing homes is zero”
“What we are doing is immediately making laws about how many people can (visit) … the only thing about this disease that everyone has learned … is that it is very contagious.”
He reminded viewers that nursing homes are a matter of state.
He said elective operations had to be resumed, but again, it was up to the state governor. “They must return,” he said. “You think they made a lot of money? They lost a lot of money. They have to go back to elective surgery.”
The network takes advertising breaks.
Trump said he was “very confident” there would be a vaccine later this year
President Trump gave a sit-down interview with Fox news, and received phone calls from viewers about coronavirus.
Asked about the Covid-19 vaccine, he said: “We are very confident we will have the vaccine by the end of this year.”
Trump was asked about schools going back in the US in September: “We have to go back,” he said, adding that he was worried about some older teachers and the possibility of their exposure to the virus.
He criticized the Democrats’ response to the pandemic, implying it would be in accordance with their political objectives if the virus outcome was worse.
He talks about hydroxychloroquine, reminding viewers that he doesn’t have a stake in the company that manufactures it: “We don’t lose anything with hydroxy … people won’t die from it.”
He asked why he had not acted earlier on the virus, and said his intelligence was that “on January 23 I was told there would be a virus coming but that there was no real import,” and then reminded viewers that he had stopped flights from China early.
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