U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

Police Caught On Camera Pressing Knee Into Neck During Seattle Arrest

A police officer in Seattle was caught on video pressing a knee into the necks of white looting suspects who were arrested on Saturday night. 

It was similar to the technique used by-then Minneapolis police officer Derek Chauvin on George Floyd, a handcuffed Black man who said he couldn’t breathe and then died. Chauvin has since been charged with third-degree murder and manslaughter.

Floyd’s death kicked off a wave of unrest around the nation, including the demonstration in Seattle, where the unidentified officer used a similar technique on two men who were accused of looting.

In one case, a protester could be heard shouting “get your fucking knee off his neck.” A second officer then shoved the first officer’s knee off of the suspect’s neck and onto his back in footage captured by Crosscut journalist Matt McKnight:

A longer clip by McKnight showed the same officer apparently using his knee on the neck of another white looting suspect minutes earlier. Then, he runs to help officers catch the second suspect, where he uses his knee again:  

View this post on Instagram

A post shared by Matt M. McKnight (@mattmillsphoto) on

Urban design: Isolation forces rethink on how we live

Al Jazeera takes a look at how health priorities have governments thinking critically about urban design.

The coronavirus pandemic has drastically changed how many people live.

And it is forcing a rethink about how cities and towns are built, and how people go about their lives in these communities.

Architects and urban planners are looking at what this pandemic’s legacy might be.

Al Jazeera’s Wayne Hay reports from Auckland, New Zealand.

UK pension scheme USS to ditch sectors including tobacco

LONDON (Reuters) – Universities Superannuation Scheme, Britain’s largest private pension scheme by assets, said it plans to ditch companies in a number of sectors it deems “financially unsuitable” over the long term, including tobacco manufacturing.

Companies which make more than 25% of their revenues from thermal coal and those with ties to controversial weapons including cluster munitions, landmines and white phosphorus will also be excluded, it said in a statement on Monday.

Life after lockdown: How will our new world shape up?

On this edition of the Sky News Daily podcast with Dermot Murnaghan, we examine what the future may look like after the COVID-19 pandemic – and how we’ll get there.

We are joined by Douglas McWilliams, founder of the Centre for Economic and Business Research and Dr Bharat Pankhania, senior clinical lecturer at the University of Exeter – plus the writer Deborah Feldman talks to us about her remarkable life story.

Sophy Ridge on Sunday podcast: Too soon to ease lockdown? | Dominic Raab & Nicola Sturgeon

Sophy challenges Foreign Secretary Dominic Raab on whether lockdown measures are being eased too soon in England.

She also questions him about just how much he knew about Dominic Cummings’ 260 mile journey from London to Durham.

First Minister Nicola Sturgeon defends the Scottish government’s handling of the coronavirus crisis in care homes.

Saudi-led coalition says shot down two drones launched by Yemen's Houthis: agency

DUBAI (Reuters) – The Saudi-led coalition has shot down two drones launched by Yemen’s Houthi group in the direction of Saudi Arabia, the state-run Saudi Press Agency said, citing a coalition spokesman.

South Africa's Absa PMI rises in May as economic activity edges up

JOHANNESBURG, June 1 (Reuters) – South Africa’s seasonally-adjusted Absa Purchasing Managers’ Index (PMI) expanded in May with factories gradually restarting activity as the coronavirus lockdown eased, helping to lift production and sales.

The index, which gauges manufacturing activity in Africa’s most industrialised economy, rose to 50.2 points in May from 46.1 points in April. (Reporting by Mfuneko Toyana; editing by Olivia Kumwenda-Mtambo)

Oil Prices Slip Ahead Of OPEC+ Meeting

Oil prices were moving lower on Monday as caution set in ahead of an upcoming meeting of the OPEC+ group as early as Thursday to discuss their output policy.

Benchmark Brent crude for August delivery was little changed at $37.84 a barrel, while West Texas Intermediate (WTI) crude futures for July delivery were down 0.7 percent at $35.24 a barrel.

Reuters reported, citing sources that OPEC and Russia were moving closer to an agreement on extending current output cuts and were now discussing a proposal to rollover supply curbs for one to two months.

It was also reported that Russia has no objection to the next OPEC+ meeting being preponed by a week to June 4.

Algeria, which currently holds the OPEC presidency, had proposed the meeting planned for June 9-10 be brought forward to facilitate oil sales for countries such as Saudi Arabia, Iraq and Kuwait.

OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day (bpd) in May and June after the coronavirus pandemic ravaged demand.

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly less initially estimated in the month of May.

The report showed the consumer sentiment index for May was downwardly revised to 72.3 from the preliminary reading of 73.7. Economists had expected the index to be upwardly revised to 74.0.

Despite the unexpected downward revision, the consumer sentiment index is still above the April reading of 71.8.

“Consumer sentiment has remained largely unchanged during the past two months, with the final May estimate just a half index point above the April reading,” said Surveys of Consumers chief economist Richard Curtin.

He added, “The CARES relief checks and higher unemployment payments have helped to stem economic hardship, but those programs have not acted to stimulate discretionary spending due to uncertainty about the future course of the pandemic.”

The slight uptick by the consumer sentiment index came as the current economic conditions index jumped to 82.3 in May from 74.3 in April.

On the other hand, the report showed the index of consumer expectations slumped to 65.9 in May from 70.1 in the previous month.

One-year inflation expectations surged up to 3.2 percent in May from 2.1 percent in April, while five-year inflation expectations rose to 2.7 percent from 2.5 percent.