China willing to support Tokyo Olympics, says President Xi

The US Cities Where Home Values Are Falling the Fastest

In the early months of the COVID-19 pandemic, U.S. home sales slumped. Since then, however, the market has come roaring back — and rising demand, in conjunction with a relatively low supply of housing, has caused home values to surge.

Between March 2020 and March 2021, the typical single-family American home appreciated in value from $250,179 to $276,717, a 10.6% increase. Of course, housing markets also respond to local forces, and in some parts of the country, home values have actually declined.

In 15 cities and towns with populations of 15,000 or more, home values have depreciated by at least 2.6% over the past year. In some of them, the value of a typical family home has plummeted by over 7.8%. Though these communities span the country, they tend to be concentrated in the Southern United States.

One factor that can contribute to rapidly climbing home prices at a local level is demand. And demand for housing is often precipitated by a growing population. According to the most recent available Census data, nine of the 15 cities and towns on this list reported population decline over the last one-year period.

Elanco Animal Health Inc. Q1 adjusted earnings Beat Estimates

Below are the earnings highlights for Elanco Animal Health Inc. (ELAN):

-Earnings: -$61 million in Q1 vs. -$49 million in the same period last year.
-EPS: -$0.12 in Q1 vs. -$0.12 in the same period last year.
-Excluding items, Elanco Animal Health Inc. reported adjusted earnings of $182 million or $0.37 per share for the period.
-Analysts projected $0.23 per share
-Revenue: $1.24 billion in Q1 vs. $658 million in the same period last year.

-Guidance:
Full year EPS guidance: $1.00-$1.06
Full year revenue guidance: $4.68-$4.73 bln

Oil Prices Set For Weekly Gain

Oil prices dipped slightly on Friday, but were on track for second consecutive weekly gains amid bets on rising energy demand.

Brent crude futures for July settlement dipped 0.2 percent to $67.96 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 0.3 percent at $64.53.

Oil prices are set for a weekly gain on the back of optimism over a global economic recovery as gradual reopening and coronavirus vaccinations pave the way for a revival in fuel demand in United States and Europe.

China’s export growth unexpectedly accelerated in April and a private survey pointed to strong expansion in the country’s service sector activity, though crude imports by the world’s biggest buyer fell an annual 0.2 percent in April.

Strong economic data from Germany, France and the U.K. also boosted optimism about a recovery in oil demand as India reported a new high of 4,14,188 new COVID-19 cases, taking the caseload to 2,14,91,598, according to the Union Health Ministry.

Gold Rises On Dollar Weakness

Gold prices inched higher on Friday and were set for their best week in six months as Treasury yields pulled back and the dollar fell ahead of key U.S. non-farm payrolls report due later in the day.

Spot gold rose 0.3 percent to $1,820.60 per ounce, after having its highest since Feb. 16 earlier in the session. U.S. told futures were up 0.3 percent at $1,820.95.

Bullion prices were up almost 3 percent so far this week as comments from several Federal Reserve officials helped push back tapering bets.

Benchmark 10-year note yields eased to 1.577 percent and the dollar index extended its two-day decline as investors await the Labor Department’s monthly jobs report, which could affect views on the outlook for the economy and monetary policy.

Economists employment to jump by 978,000 jobs in April after an increase of 916,000 jobs in May. The unemployment rate is also expected to dip to 5.8 percent from 6.0 percent.

COVID-19: England’s R number falls slightly to between 0.8 and 1

England’s R number has fallen slightly to between 0.8 and 1, latest figures show.

This means that on average, every 10 people infected with COVID-19 will pass it on to between eight and 10 other people.

Last week, the figure was estimated to be between 0.8 and 1.1 by the government’s Scientific Advisory Group for Emergencies (SAGE).

Josh Hawley’s ‘Canceled’ Whine Gets Thoroughly Debunked By CNN’s Brianna Keilar

CNN’s Brianna Keilar on Thursday broke down why Sen. Josh Hawley’s (R-Mo.) complaints about being “canceled” are so disingenuous.

“Just try to get away from Sen. Hawley. It’s like trying to escape the Kardashians,” cracked the “New Day” host. “It’s impossible, because he’s everywhere.”

Keilar noted that Hawley ― an ally of Donald Trump who supported the ex-president’s attempts to overturn the 2020 election result ―  is on Facebook, Twitter, YouTube and Instagram, and he shows up on Fox News “as often as you brush your teeth.”

“And don’t forget, as he complains about being silenced, he also has a platform so exclusive that only 99 other Americans have access to it — the floor of the United States Senate,” she continued.

“‘Silenced,’ he says. But he’s not and he knows it,” Keilar concluded. “He’s a smart man who sees opportunity in acting like a martyr.”

Watch the video here:

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China willing to support Tokyo Olympics, says President Xi

BEIJING (REUTERS) – China’s President Xi Jinping said on Friday (May 7) that China will continue to cooperate with International Olympic Committee to support the Tokyo Olympics, and strengthen vaccine cooperation with the IOC for the games.

Mr Xi made the comments in a phone call with the president of IOC, state television reported.

This is a developing story.

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