China Stocks Surge and NYC Real Estate Craters: 5 Stories Shaping Markets Today

Breakdown-7.6
6 July 2020

The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more.

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This episode is sponsored by Bitstamp and Crypto.com.

In this extended Brief, NLW tells the story of the economy through five themes:

  • China stocks surge – but how much is it driven by Chinese state-sponsored media hype?
  • A tale of two cities – real estate in New York City and Hong Kong are telling very different stories
  • A global currency crisis in Lebanon – foodstuffs are up 100% in the last two weeks as the pound continues to falter 
  • The COVID-19 ticker – daily cases continue to grow in the U.S. but deaths are declining 
  • The cost of the U.S. losing its place in the world – from travelers turned away in Italy to decreasing capital inflows 
  • Plus a bonus: what the Nasdaq all-time highs really mean

See also: Bull vs. Bear: Who Has the Economy Right?

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.