{"id":542933,"date":"2022-01-25T03:57:44","date_gmt":"2022-01-25T03:57:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/this-morning-us-chamber-of-commerce-cop27-conference-continues-wild-day-in-us-stocks-imf-outlook-out-today-fed-meeting-starts-today\/"},"modified":"2022-01-25T03:57:44","modified_gmt":"2022-01-25T03:57:44","slug":"this-morning-us-chamber-of-commerce-cop27-conference-continues-wild-day-in-us-stocks-imf-outlook-out-today-fed-meeting-starts-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/this-morning-us-chamber-of-commerce-cop27-conference-continues-wild-day-in-us-stocks-imf-outlook-out-today-fed-meeting-starts-today\/","title":{"rendered":"THIS MORNING: US Chamber of Commerce COP27 conference continues; Wild day in US stocks; IMF outlook out today; Fed meeting starts today."},"content":{"rendered":"

Good morning, wonderful people, and happy hump day. <\/strong>What are you doing this morning to stay warm? Most of us here at Enterprise World Headquarters believe this is the coldest winter any of us have lived through in our fair country, and it seems we\u2019re not alone: Many readers we\u2019ve spoken with in the past few days share the sentiment.<\/p>\n

PSA #1- If you think it\u2019s cold this morning, wait for tomorrow. <\/strong>Our favorite weather app is telling us to expect a daytime high of just 11\u00b0C on Wednesday along with stiff winds and a chance of up to 5 mm of rain.<\/p>\n

Complaining about the weather aside: <\/strong>It\u2019s a busy news morning here and abroad, including word from loyalty services provider Dsquares that it is not <\/em>planning to SPAC, contrary to a report by Al Shorouk that we noted yesterday. And yesterday was another wild day on Wall Street, as shares clawed their way back from a steep selloff earlier in the day. You can practically hear the bears salivating. We have chapter and verse on these stories and more below.<\/p>\n

*** DID YOU MISS THE RESULTS OF OUR 2021 ENTERPRISE READER SURVEY?<\/strong> The emergence of the delta and omicron variants, supply chain issues, and surging commodity prices did little to put a damper on business, with the vast majority of you saying 2021 was a good year. Optimism is the prevailing sentiment as we push ahead with 2022<\/strong>, with most respondents signaling plans to increase investments this year and suggesting they see their companies faring better than the competition. Tap \/ click here<\/a><\/strong> to see the full results.<\/strong><\/p>\n

We\u2019ll be announcing on Sunday the names of eight readers who we\u2019re inviting to<\/strong> breakfast <\/strong>when this current wave of the pandemic eases. And speaking of the pandemic: There\u2019s growing optimism among some global health officials that omicron could indeed mark \u201c plausible hope for stabilization and normalization.\u201d In other words: It may signal that things are starting to wind down<\/a>.<\/p>\n

PSA #2- It\u2019s a four-day workweek:<\/strong> The Manpower Ministry confirmed<\/a> that the private sector will be taking this Thursday off in observance of the 25 January Revolution \/ Police Day. The central bank and Prime Minister Moustafa Madbouly have in recent days announced that banks and the public sector will have the day off \u2014 and banks closing means the EGX will be following suit.<\/p>\n

WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n

It\u2019s the second and final day of a <\/strong>virtual conference<\/strong> on this year\u2019s COP27 climate summit<\/strong> in Sharm El Sheikh.<\/strong> Day 2 will see sessions on water security, renewable energy and green technology, attended by representatives of American multinationals, US policymakers and Egyptian cabinet ministers. The event is being hosted by the US Chamber of Commerce in association with AmCham. Check out the full agenda here<\/a>.<\/p>\n

The headlines coming out of Day 1:<\/strong><\/p>\n