{"id":572140,"date":"2020-06-14T04:22:50","date_gmt":"2020-06-14T04:22:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/what-were-tracking-on-14-june-2020\/"},"modified":"2020-06-14T04:22:50","modified_gmt":"2020-06-14T04:22:50","slug":"what-were-tracking-on-14-june-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/what-were-tracking-on-14-june-2020\/","title":{"rendered":"What we\u2019re tracking on 14 June 2020"},"content":{"rendered":"

The brevity of this morning\u2019s issue reflects a news day cut short by continuing concern<\/strong> about the spread in Egypt of covid-19. <\/strong>Indeed, it is the shortest issue we remember having published outside of Ramadan in at least three years.<\/p>\n

We have the rundown on what\u2019s open and what\u2019s closed through the end of the month <\/strong>in this morning\u2019s Speed Round, and Information Minister Osama Heikal said last night that we should have more clarity on the government\u2019s plan to reopen airspace after a presser today (see Last Night\u2019s Talk Shows, below).<\/p>\n

(Random note: <\/strong>A jet flew over the capital city this morning as we wrote those words. The sound made even the non-travelers among us all very happy.)<\/p>\n

We set a new single-day record yesterday for deaths and infections<\/strong>, capping a three-day run of covid news in which the Madbouly government suggested some flights may resume in July. Meanwhile, curfew is now an hour shorter, running 8pm-4am.<\/p>\n

Look for covid and the House of Representatives to dominate the news agenda here at<\/strong> home this week. <\/strong>Lawmakers are due to debate<\/a> the nation\u2019s draft FY2020-2021 budget and the bill that will establish the Senate as a reconstituted upper house of parliament.<\/p>\n

Up for a final vote this week:<\/strong> The draft Central Depository Act<\/a>, amendments to the Railway<\/a><\/a>Act<\/a>, the Infectious Diseases Act<\/a>, and the Police Authority Act, as well as a bill regulating parking lots.<\/p>\n

We\u2019re heading to the polls once more this year<\/strong> to elect members to the Senate and the House of Representatives, most likely in November or December<\/a> after the latter convenes again for its final session. That said, Ahram Online<\/a> and Cairo 24<\/a> suggest we may be voting for the Senate in August, citing what they said was a report by state-owned Akhbar Al Youm. No other media outlets have picked up the news and we weren\u2019t able to track down the piece in Akhbar, so take that with a grain of salt for the moment.<\/p>\n

On the global front: We suspect we\u2019ll be seeing plenty of hand-wringing this week about<\/strong> whether financial markets are in tune with economic reality. <\/strong>US shares suffered on Thursday their worst one-day slump in three months<\/a>, with the Dow off nearly 7% and the S&P down just about 6%. Oil also took it on the chin as \u201cat least for a day, reality triumphed over hope on Wall Street.\u201d<\/a> Equities clawed back<\/a> a bit of ground on Friday, but still finished in the red for the week.<\/p>\n

From the Department of the Obvious: <\/strong>\u201cThe idea that Covid is fully behind us, or that a V-shaped recovery is in front of us, were put on hold\u201d on Thursday, one analyst told the New York Times.<\/p>\n

What next? <\/strong>Concerns on both sides of the Atlantic. Check out Bad things happen when finance<\/a><\/a>front-runs the economy<\/a>, by the always-on-point Mohamed El-Erian and The real economic catastrophe hasn\u2019t hit yet. Just wait for August<\/a> in BuzzFeed, by former business and opinion editor Tom Gara.<\/p>\n

News triggers coming up this month:<\/strong><\/p>\n