27Jul2020 Midday Update: Wall Street Enjoying A Moderate Uptrend While It Lasts, DOW Up 91 Points At 1 ET, Gold Up 1937, US Dollar Lower At 93.63, Silver Creeping Higher At 24.28

Here is the current market situation from CNN Money

North and South American markets are broadly higher today with shares in Brazil leading the region. The Bovespa is up 1.65% while U.S.’s S&P 500 is up 0.50% and Mexico’s IPC is up 0.18%.

Moderna shares jump after U.S. ups funding for coronavirus vaccine by $472 million

Moderna shares jumped after the biotech company announced it received an additional $472 million from the U.S. government to support the development of its potential coronavirus vaccine.

Under Armour reveals receipt of ‘Wells notice’ from SEC over sales probe

On July 22, Under Armour in addition to two executives ” Kevin Plank, its former CEO and current executive chairman, and David Bergman, its current CFO ” received Wells notices from the SEC related to a previously disclosed probe by the agency, the company said in an 8-K filing.

Target joins Walmart in staying closed for Thanksgiving this year

Two of the biggest retailers in the U.S. are closing their doors on Thanksgiving this year, sidestepping a recent tradition of keeping the lights on for customers after their turkey dinners.

Papa John’s continues hiring spree with pledge to bring on 10,000 more workers

Papa John’s on Monday announced it would hire 10,000 more workers as it tries to meet surging demand for its pizzas.

Hasbro revenue falls 29% as store closures, product shortages hurt sales; shares drop

Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter, as the company posted weaker-than-expected earnings on Monday.

Pandemic pushes travelers to take to the road in RVs

The recreational vehicle industry saw years of growth during the recovery following the financial crisis. Then sales started to flag. Now the coronavirus is positioning it for a new boom.

Stocks making the biggest moves midday: Biogen, Walgreens, Moderna, Tapestry & more

Biogen jumps on a big upgrade. Walgreens falls after its CEO steps down.

Cramer: Moderna sets ‘pace of overoptimism’ on how quickly a coronavirus vaccine could be ready

“It’s going to take a long time. I don’t know if people are really ready for how long it’s going to take,” CNBC’s Jim Cramer said Monday.

MLB cancels 2 Monday games following player coronavirus outbreak

The league said Monday’s Miami Marlins-Baltimore Orioles three-game opener and Philadelphia Phillies’ series against the New York Yankees have been postponed.

Coronavirus live updates: Top Trump advisor tests positive; Google extends remote working until summer 2021

The coronavirus has infected more than 16.2 million people across the world as of Monday, killing at least 648,900 people.

The world’s biggest coronavirus vaccine study begins, a U.S. trial that will include 30,000 people to see if the shots really work

The world’s biggest Covid-19 vaccine study got underway Monday with the first of 30,000 planned volunteers helping to test shots created by the U.S. government ” one of several candidates in the final stretch of the global vaccine race.

Advocates push for more farmworker protections as coronavirus cases surge

At farms across the country, hundreds of workers are contracting Covid-19, sparking concerns about the nation’s food supply and how to protect the low-wage agricultural laborers.

Senate GOP, White House Propose Slashing $600 Weekly Unemployment Bonus To $200

Senate GOP, White House Propose Slashing $600 Weekly Unemployment Bonus To $200 Tyler Durden Mon, 07/27/2020 – 12:23

The White House and Senate Republicans are set to propose cutting the $600 weekly emergeny unemployment bonus down to $200 until states can implement a new approach which would pay workers 70% of their pre-pandemic income, according to the Washington Post’s ever-anonymous DC leakers.

Israel & Hezbollah Exchange Fire Across Lebanese Border In Major Clash

Israel & Hezbollah Exchange Fire Across Lebanese Border In Major Clash Tyler Durden Mon, 07/27/2020 – 12:10

Just this past weekend, on Sunday, Israeli Prime Minister Benjamin Netanyahu put Syria and Lebanon on notice, saying that any and all attacks for provocations along the border would result in a military response.Â

Netanyahu further outlined that the governments would bear responsibility. The remarks made at his weekly cabinet meeting seemed particularly aimed at Hezbollah. He said this was part of Israel’s œconsistent policy to not allow Iran to entrench militarily on our northern border  “ this in reference to Lebanese Hezbollah, which is widely seen as but an arm of the Ayatollah. And on Monday there are already reports of shots fired along the Israeli-Lebanese border, something that’s been somewhat rare of late. The AP reports:

Israeli forces on Monday exchanged fire with Hezbollah militants along the volatile Israeli-Lebanese frontier, as Israeli civilians living in the area were ordered to remain indoors amid the heaviest fighting between the bitter enemies in nearly a year.

The fighting occurred in an area known as Chebaa Farms, which was captured by Israel in the 1967 Middle …

America’s Major Cities Are Being Turned Into War Zones, And It’s Not Going To End In November

America’s Major Cities Are Being Turned Into War Zones, And It’s Not Going To End In November Tyler Durden Mon, 07/27/2020 – 11:53

Authored by Michael Snyder via TheMostImportantNews.com,

The civil unrest that we witnessed all across America this weekend was extremely alarming. For a few weeks, it seemed like the chaos that erupted in the immediate aftermath of the tragic death of George Floyd was subsiding, but in recent days there has been a dramatic resurgence. Within the last 48 hours, there have been eruptions of violence in major cities such as Seattle, Portland, Atlanta, Chicago, New York, Los Angeles, Oakland, Louisville, Austin and Richmond. At this point we have seen sustained protests and rioting for nearly two months straight, and it looks like the chaos isn’t going to disappear any time soon.

Unexpectedly Ugly, Record Large 2Y Auction Prices At New All Time Low Yield

Unexpectedly Ugly, Record Large 2Y Auction Prices At New All Time Low Yield Tyler Durden Mon, 07/27/2020 – 11:46

As part of this week’s abbreviated auction schedule, moments ago in its first of two auctions scheduled for Monday, the Treasury sold a record $48 billion in 2Y paper, the biggest auction size for that maturity on record.

Coronavirus: UK in talks on quarantine exemption for Balearic and Canary Islands

A source says no immediate decision is expected as No 10 warns “no travel is risk free”.

Gold hits record high as investor jitters spread

Investors flock to the traditional safe-haven amid US-China tensions and the Covid-19 pandemic.

Ryanair still flying to Spain despite quarantine

The airline says it will continue flights to Spain as normal, despite the UK’s 14-day quarantine.

Covid impact: Swiggy to slash 350 jobs

Covid impact: Swiggy to slash 350 jobs “With the industry still only having recovered to about 50% of its peak, we have to, unfortunately, go ahead with this final realignment exercise, which will result in the net loss of 350 jobs,” Swiggy said in a statement.

First five Rafales just two days away

First five Rafales just two days awayFor almost two decades, the IAF has been perceived to be handicapped on long-range weapons and sensors vis-a-vis PAF. Rafale will reverse this & give IAF the decisive edge with better sensors and weapons. Each Rafale in the air would require at least two F16s for a counter-challenge.

8 questions about Form 26AS answered

8 questions about Form 26AS answeredThe government has revised the format of Form 26AS to show the high-value transactions conducted by an individual during the financial year. This will help individuals to file an error-free income tax return.

Key Words: Sen. Tom Cotton says reports he called slavery a ‘necessary evil’ are ‘the definition of fake news’ ” here’s his original quote

The Arkansas Republican clarified his controversial remarks from a recent interview

Key Words: Don’t be fooled! Elon Musk says Warren Buffett isn’t quite the ‘kindly grandfather’ he’s cracked up to be

It’s pretty clear there’s at least a bit of animosity between two of the richest men in the world.

Miami Marlins home opener has been canceled after 14 players and coaches test positive for the coronavirus

The Miami Marlins’ home opener Monday night against Baltimore has been postponed as the Marlins deal with a coronavirus outbreak that stranded the team in Philadelphia.