{"id":559393,"date":"2021-01-20T03:39:21","date_gmt":"2021-01-20T03:39:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/what-were-tracking-on-january-19-2021\/"},"modified":"2021-01-20T03:39:21","modified_gmt":"2021-01-20T03:39:21","slug":"what-were-tracking-on-january-19-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/what-were-tracking-on-january-19-2021\/","title":{"rendered":"What we\u2019re tracking on January 19 2021"},"content":{"rendered":"<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Good morning, everyone. A very smart Egyptian-American friend of ours recently likened <\/strong><strong>us <\/strong><strong>all to \u201cnon-voting subjects\u201d <\/strong>of a global American sphere of influence. Are you educated? A participant in this thing called global capitalism? Like the idea of democracy? Then your wagon is tied to Amreeka whether you like it or not, however much we may admire a softer approaches to capitalism and more sensible approaches to things like social welfare and inclusion (cf: Canada, France, Scandinavia).<\/p>\n<p><strong>And so it is that we cheer this morning the departure of Agent Orange <\/strong>and the swearing in at 7pm CLT of decent human beings as president and vice president of the United States.<\/p>\n<p><strong>Joe Biden will be sworn in today at noon Washington time as the 46th US <\/strong><strong>president<\/strong> at the Capitol in Washington, DC. Kamala Harris will become the 49th vice president \u2014 and the first woman and first person of color to hold the position.<\/p>\n<p><strong>The event this year has been marred by the <\/strong><strong><a href=\"https:\/\/www.nytimes.com\/2021\/01\/15\/us\/politics\/inauguration-security.html\">threat of violence<\/a><\/strong> and all 50 US states are bracing themselves, with several <a href=\"https:\/\/nypost.com\/2021\/01\/17\/armed-demonstrations-unfold-ahead-of-inauguration-day\/\">already seeing<\/a> armed demonstrations. <strong>Meanwhile, the departing president <\/strong>(can we all stop saying his name now?)<strong> is throwing himself a farewell party<\/strong>, having requested a red carpet, a military parade (which he may not get), and a large crowd of supporters, reports <a href=\"https:\/\/www.theguardian.com\/us-news\/2021\/jan\/18\/trump-sendoff-ceremony-biden-inauguration-day\">the Guardian<\/a>.<\/p>\n<p><strong>Biden will start to roll back the clock to 2016 from day one<\/strong>, signing executive orders to end the travel ban on Muslim-majority countries and rejoin the Paris climate agreement, reports <a href=\"https:\/\/edition.cnn.com\/2021\/01\/16\/politics\/joe-biden-executive-orders-paris-climate-accord-muslim-ban\/index.html\">CNN<\/a>. He will also take executive action to freeze evictions and student loan payments during the covid-19 pandemic, and <a href=\"https:\/\/www.ft.com\/content\/ae505da8-d38b-4e8a-85dd-b346e5d23660\">maintain the travel ban<\/a> on the UK and much of Europe. You can also look for him to <a href=\"https:\/\/www.reuters.com\/article\/us-usa-biden-antitrust-exclusive\/exclusive-biden-administration-considers-creating-white-house-antitrust-czar-sources-idUSKBN29O2PT\">appoint an antitrust czar at the White House<\/a>.<\/p>\n<p><strong>Expect to see a more liberal USD, swift stimulus, and climate change action- The key <\/strong><strong>takeaways from <\/strong>incoming Treasury Secretary Janet Yellen\u2019s Senate confirmation hearing:<\/p>\n<ul>\n<li><strong>Expect big stimulus:<\/strong> The former Fed chair urged Congress to <a href=\"https:\/\/www.reuters.com\/article\/us-global-forex\/dollar-slides-as-investors-look-to-yellen-comments-on-stimulus-idUSKBN29O03Q\">\u201cact big\u201d<\/a> and push ahead with a large stimulus package to prop up the US economy.<\/li>\n<li><strong>Democrats accept Agent Orange\u2019s tax cuts:<\/strong> Yellen said the administration <a href=\"https:\/\/www.reuters.com\/article\/us-usa-biden-yellen-taxes\/yellen-says-bidens-focus-now-is-providing-relief-not-raising-taxes-idUSKBN29O287?il=0\">has no plans<\/a> to raise corporate taxes to pre-2017 levels to fund the extra spending.<\/li>\n<li><strong>A hands-off approach to the greenback (QE aside):<\/strong> The US will oppose attempts by other countries to manipulate their currencies, she said, pledging to take a hands-off approach to the currency.<\/li>\n<\/ul>\n<p><strong>US stocks climbed higher on Yellen\u2019s statements: <\/strong>The S&P 500 blue-chip index <a href=\"https:\/\/www.wsj.com\/articles\/u-s-stock-futures-rise-ahead-of-yellens-testimony-11611045783?mod=hp_lead_pos4\">was up<\/a> 0.5%, the Dow Jones 0.4%, and the Nasdaq 0.6% as expectations that the Biden administration will push for large-scale stimulus measures.<\/p>\n<p><strong>Republican heavyweight Mitch McConnell finally seems to be taking off his MAGA hat. <\/strong>The Senate majority leader yesterday <a href=\"https:\/\/apnews.com\/article\/mcconnell-trump-fed-lies-to-mob-36871d68df56a10be1c46ed364ad6de6\">explicitly blamed<\/a> Trump for the siege on Capitol Hill, accusing him of \u201cprovoking\u201dhis loyalists into attempting to prevent the certification of the election. This comes as Republicans mull which way to vote in Trump\u2019s upcoming impeachment trial.<\/p>\n<p><strong>The lightest, most fun piece on the transition of power today: <\/strong><a href=\"https:\/\/www.nytimes.com\/2021\/01\/18\/us\/politics\/white-house-biden-trump.html\">They prepare the White<\/a><a href=\"https:\/\/www.nytimes.com\/2021\/01\/18\/us\/politics\/white-house-biden-trump.html\">House for a new president. They have 5 hours.<\/a><\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>WHAT\u2019S HAPPENING TODAY-<\/strong><\/p>\n<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a> <strong>Rumors of a cabinet shuffle continue to swirl:<\/strong> More names have been added to the list of ministers suspected to be on their way out of government should a cabinet shuffle come to pass. Sources told <a href=\"https:\/\/bit.ly\/2KtbM7i\">Al Shorouk<\/a> that the aviation, higher education, irrigation, local development and manpower ministers, among others, could all be heading for the exit. Sources <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3dda300-7982-4d85-ba1a-df2f1421f659\">claimed earlier this month<\/a> that members of the cabinet\u2019s economic group were all safe, but that the environment, culture, and tourism ministers could leave the stage.<\/p>\n<p><strong>Egypt faces Russia at the 2021 Handball World Championships at 7pm CLT today <\/strong>before taking on Belarus at 4:30pm CLT on Friday and Slovenia at 7pm CLT on Sunday.<\/p>\n<p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt=\"enterprise\" \/><\/p>\n<p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and as well as social infrastructure such as health and education.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>We explore how the \u201coil-for-development\u201d agreement \u2014 our most recent and expansive mechanism for infrastructure diplomacy \u2014 is stoking excitement among Egyptian infrastructure developers, who see it as a chance to expand overseas. Insiders tell us, though, that greater clarity from policymakers and additional incentives will be needed before they fully commit to the agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, everyone. A very smart Egyptian-American friend of ours recently likened us all to \u201cnon-voting subjects\u201d of a global American sphere of influence. Are you educated? A participant in this thing called global capitalism? Like the idea of democracy? Then your wagon is tied to Amreeka whether you like it or not, however much [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[3635,984,72,498,117,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559393","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-cabinet-shuffle","tag-donald-trump","tag-enterpriseam","tag-joe-biden","tag-us","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"33ac2eec-9140-447f-bc42-c125e088c84c","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[559391],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What we\u2019re tracking on January 19 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/what-were-tracking-on-january-19-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on January 19 2021\" \/>\n<meta property=\"og:description\" content=\"Good morning, everyone. A very smart Egyptian-American friend of ours recently likened us all to \u201cnon-voting subjects\u201d of a global American sphere of influence. Are you educated? A participant in this thing called global capitalism? Like the idea of democracy? 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Many moons ago, we were heard remarking that the primary social duties of a company of any size were to (a) pay a livable wage and (b) pay their taxes \u2014 and that, by extension, all of the noise\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/4164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623264,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/what-were-tracking-on-25-october\/","url_meta":{"origin":559393,"position":1},"title":"What we\u2019re tracking on 25 October","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"President Abdel Fattah El Sisi is in Khartoum today for talks with his Sudanese counterpart, Omar Al Bashir. Egypt and Sudan are expected to sign a final agreement for on a 630 km railway line connecting the two countries, Sudan\u2019s Transport Minister Hatem Al Ser said, according to Al Mal.\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":609077,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/30\/this-evening-car-for-fx-initiative-has-been-reinstated\/","url_meta":{"origin":559393,"position":2},"title":"THIS EVENING: Car-for-FX initiative has been reinstated","author":"enterpriseam admin","date":"30 October 2023","format":false,"excerpt":"Good afternoon friends and welcome to this Monday that brings us closer to the end of October. The focus of the local and international news cycle remains fixated on the continuing assault of Gaza.THE BIG STORY TODAY Your favorite car scheme is officially back: President Abdel Fattah El Sisi has\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/65.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614951,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/11\/all-eyes-on-rafah\/","url_meta":{"origin":559393,"position":3},"title":"All eyes on Rafah","author":"enterpriseam admin","date":"11 February 2024","format":false,"excerpt":"Good morning, wonderful people. We are kicking off the workweek with a packed issue filled with a little bit of everything \u2014 privatization, economy, diplo, and M&A. But before we dive in: All eyes are on Rafah this morning after Israel launched airstrikes on the southern town of Gaza. The\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/822.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608295,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/this-evening-china-energy-united-energy-sign-usd-14-75-bn-sczone-investment-agreements\/","url_meta":{"origin":559393,"position":4},"title":"THIS EVENING: China Energy, United Energy sign USD 14.75 bn SCZone investment agreements","author":"enterpriseam admin","date":"17 October 2023","format":false,"excerpt":"Good afternoon, friends, and happy hump day. It\u2019s looking like a brisk Tuesday here at home so far, bringing us a range of stories across the news cycle.THE BIG STORY TODAY Chinese companies are investing USD 14.75 bn in SCZone projects: Chinese companies signed agreements to invest a total of\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633837,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/22\/biden-drops-out-of-the-presidential-race\/","url_meta":{"origin":559393,"position":5},"title":"Biden drops out of the presidential race","author":"enterpriseam admin","date":"22 July 2024","format":false,"excerpt":"Good morning, friends. It has been a busy 24 hours as the world tries to take in US President Joe Biden dropping out of the 2024 presidential race. Meanwhile, on the home front, the IMF Executive Board is scheduled to discuss the third review of our USD 8 bn loan\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1646.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=559393"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559393\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559391"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559393"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559393"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}