Here's our summary of key economic events overnight that affect New Zealand, with news equity investors continued to bid share prices higher even as the global economy struggled to get back into gear.
The US is on holiday this weekend and all markets there are closed.
The latest update of the US Fed's balance sheet shows it is still not adding to its holdings with more QE, and it is now a full month that it has held back. Given that the US Senate is blocking more fiscal stimulus, it seems likely that little more assistance for their economy is coming any time soon.
Official unemployment is at 11.1%, wages and time worked are falling. Part-time working has doubled since February. And the the extra US$600 per week top-up of unemployment insurance will end in July which means being jobless will get very tough very soon, and stress about that will be starting to mount about now.
The latest GDP Now tracking suggests their economy is shrinking at a striking rate.
Of course, they are not the only country whose economy is shrinking. Most are, and the outliers are now the ones who are growing.
Among our trading partners, Singapore reported current activity is contracting sharply still, and this is confirmed in a parallel survey.
Japan's PMI is also contracting even though their bounceback is notable. But there hasn't been a good bounceback for their manufacturing sector. Like Germany, it is very dependent on exports, so is now taking a harder hit. Taiwan and South Korea are feeling similar pain on the factory floor.
That is what makes the Chinese factory result stand out.
And now the Chinese service sector has signaled its sharpest increase in activity for over a decade in June. Their service sector PMI rose from 55.0 in May to 58.4 in June, to signal a substantial increase in service sector activity. Furthermore, total new orders rose at the quickest pace since August 2010 and new export work expanded for the first time since January. Firms widely reported that overall market conditions had continued to improve following an easing of measures related to the coronavirus pandemic.
The big question now is whether the Chinese economy can hold on to these expansion rates in the face of the global weakness. Most observers are sceptical.
The iron ore price seems to be topping out at just under US$100/tonne and market chatter is that it is downhill from here. The top has been called many times recently, so this may be a false one too. But with the world in recession and supply still strong it is hard to why it has stayed so elevated for so long. Excessive Chinese inventories aren't helping either.
And the copper price is being watched for the same weakness signals. But so far, it has had a run-up, back to pre pandemic 'normal' levels.
The same could be said for bulk shipping, but the Baltic Dry Index just keeps on rising, defying expectations. However, a supply of ships (and especially crews willing to risk stranding) is shrinking fast and is keeping this demand elevated.
In China, major flooding is affecting agriculture nationwide. Although rice and cotton are unlikely to be affected much, other grains are and especially animal fed grains. That will keep meat prices elevated over the next year and keep up Chinese demand for New Zealand meat.
In Australia, retail sales rose +16% in May from April and marginally better than expected. Year-on-year they were up +5.5% after the -9% year-on-year drop in April.
Yesterday on Wall Street, the S&P500 ended their short week with a +4.0% weekly gain. Frankfurt ended the week with a +3.6% weekly gain while Paris was up +2.0%. London ended with zero gain for the week, losing it all in their final session. The Shanghai index ended last week with a +5.8% weekly gain on the back of a strong surge at the end. Hong Kong was up +3.4% while Tokyo was down -1.0% for the week. The ASX200 had a weekly gain of +2.6% while the NZX50 Capital Index rose +3.9% on the same basis.
The latest compilation of COVID-19 data is here. The global tally is 10,951,500 and that is a jump of +190,000 in one day. Global deaths reported now exceed 523,000 (+5000).
A quarter of all reported cases globally are in the US, which is up +59,200 since yesterday to 2,772,400. US deaths now exceed 129,000. The number of active infections in the US is now up to 1,861,300 and up a modest +6500 in a day. Recording is slower over the holiday weekend. We are coming up to two weeks since lockdown rules eased so next week is likely to show record new infections. Brazil, Russia and India may soon be joined by Mexico as the worst-managed outbreak outside the US. Inside the US, California, Texas, Florida and Arizona are the main states where new infections are rife and Georgia is about to join that unfortunate club. The first-hit North East states all seem to have crushed their curves now, but opening up threatens those gains. A lot depends on social distancing during the holiday weekend.
In Australia, there have been 8255 cases now, another +254 since yesterday but 189 were recording an historic ship set in NSW so the net for the day is +65, mainly in Victoria. Their death count is still at 104 but their recovery rate has slipped back to under 89%. There are now 832 active cases in Australia (up +25 overnight).
The UST 10yr yield is little-changed at 0.67%. Their 2-10 curve is holding at +51 bps. Their 1-5 curve is unchanged at +14 bps, as is their 3m-10yr curve at +55 bps. The Aussie Govt 10yr yield is down -1 bp at 0.91%. The China Govt 10yr is up +3 bps at 2.93%. And the NZ Govt 10 yr yield is down -2 bps at 0.96%.
The gold price is little-changed overnight, down -US$1 to US$1,775/oz.
Oil prices have softened slightly today. They are now just over US$40/bbl in the US and the international price is just over US$42.50/bbl.
But the Kiwi dollar is firmer yet again, now just on 65.3 USc. That is a gain of more than +1c in a week. On the cross rates we are holding higher at 94.1 AUc and against the euro we are marginally firmer at 58.1 euro cents. That means our TWI-5 has risen to 70.2 and its strongest in more than four months.
The bitcoin price unchanged overnight, still at US$9,085. The bitcoin rate is charted in the exchange rate set below.
The easiest place to stay up with event risk today is by following our Economic Calendar here ».
78 Comments
Election year wage subsidy will be extended in US, party will continue despite number of rising coronavirus case.
Thanks for the analysis, unfortunately the glee with which you report the US stats on all matters shows your anti--US stance. China very likely leads the world on cases and their internal economic stats which you repeat are unlikely to be true - as was the case with the Soviet Union. US deaths per case are middle of the pack - and probably a lot lower as they will be accurate. Saying the US has handled it badly is a nonsense - who has handled it well - aside from remote tiny countries bounded by sea?
When we have high expectations of anything, disappointment is easily come by.
I doubt anyone is surprised by the questionability of statistics from China; all of them, but we do expect better from the USA - and much of the time, that's what we get.
(NB: NZ isn't that tiny!
https://www.stuff.co.nz/travel/destinations/nz/114778829/how-new-zealan… )
When we have high expectations of anything, disappointment is easily come by.
That is one reason to compare with April 2020 when everything was in shutdown mode :) Like compare to April retail is up, compare to April listing is up, compare to April.........
Compared to April... fear is down, hype is down, rhetoric is through the floor. Will be tough out there for some, so adapt/pivot and get through together.
That is a reality check. Good one too.
It's been explained before that even though fear is down the economic numbers are FALLING. You will no doubt make the claim that it is due to dodgy stats etc. Show some balance Houseworks please.
Ya think blo bless? First of all DC cant make up his mind whether there was overnight news or the markets were on holiday :)
"Here's our summary of key economic events overnight that affect New Zealand, with news equity investors continued to bid share prices higher even as the global economy struggled to get back into gear.
The US is on holiday this weekend and all markets there are closed."
Second, both may and june US dept of labour jobs reports were not better than expected but were FAR better than expected
Third, imitation and flattery
Check your sources... https://wolfstreet.com/2020/07/02/never-before-have-i-seen-so-much-fake…
The US has handled it badly. From the bad CDC test kits and not allowing others to develop their own tests, to the shambolic and uncoordinated responses of various states, the poor availability of tests even today, and don't even go near the lack of leadership from the orange orangutan they have in charge.
"Not listening, not listening".
The US president has continually said the virus is nothing, it will be gone soon, there is too much lockdown, etc. They had marches and demonstrations from people claiming there was no need for lockdown. They have astonishing unemployment. This all makes the US virus failure much more interesting.
Yes as someone commented here, sardonically but accurately, the Americans will head out en masse and demonstrate their god given right to get infected.
The China is lying angle is starting to get a bit old isn’t it? I’ve heard it so many times over the last 10 years but I don’t think it’s ever actually been the case.
Germany has handled it well, hardly a tiny island nation surrounded by water. Facts are facts, the USA have handled it poorly and it’s only going to get worse.
China handled it pretty well and they didn’t have the information other countries had by the time they got it.
They handled the journalists and outspoken doctors real well...
China created it and gave it to the world. Colluded with WHO to suppress the facts while allowing 1,000's of their citizens to travel the globe. I wouldn't call that handling it pretty well unless that is what the CCP intended.
On what metric could you possibly say the US has not handled it badly? The wealthiest country in the world, they had more warning than other developed nations- more time to prepare- and the unwillingness of 30% of their population (and apparently yourself) to admit that Trump’s initial complacency was misguided has cost, and will continue to cost, hundreds of thousands of lives. Compared to rest of theworld, complete incompetence. When you insist that Trump’s actually doing fine, it sounds a lot like a Stalinist denying the gulags to the rest of the world. And the truth or untruth of China’s figures, which is bloody hard to know, has no bearing on the staggering incompetence of the US reaction.
The US had the ability to contain and knew what was coming and failed. That is why there is a 'could have done a lot better' sentiment for the US.
Expect the infection rates to massively increase in two weeks time after the 4th of July holidays. CSe numbers have increased from 18k a day to arround three times higher in less than three weeks. 200,000 plus per day. It is not about the death rates so much, it is the amount of people being removed from the work force decreasing the productivity GDP, supply chains etc.
Dp
The US may have had the ability but did they have the will. The States are no longer truly United. The Democrats would have no border controls. The Republicans are more concerned for the economy than the loss of people. The parties have been at war since Trump was elected and there appears little “unitedness” to defeat covid. Too many vested interests looking after themselves, not very patriotic.
The parties have always been at war. They war about attaining position and accompanying power and from there, the respective gravy trains are topped up and the party faithfuls, up and down the line, top to bottom, get their due rewards. The last President to actually bridge the divide was FDR who enlisted staunch republicans such as Henry Stimpson, but there was the slight matter WW2 curled up in that. Unfortunately your last sentence is brutally correct
Compared to USA and with big populations and reliable stats: Japan and South Korea.
An incoherent response is still an incoherent response, no matter what is happening elsewhere.
If Trump listened to advice on infection prevention, even keeping some activities open, the rate of increase would have been fundamentally blunted and many deaths avoided. Instead he chose to ridicule the health sector, and make PPE a political statement.
So compare the world - the results is still the same. More cases (#1), more infections (#1), more active cases (#1), less coordinated response, state by state fighting, lower testing per capita (#25), cases per capita (#13 but look who is above them....), deaths (#9 but look for this ranking to "improve" too)
The US saw the warnings from Europe that other developed countries heeded. You don't have to be anti American to make that observation, but we did expect better from the USA, sadly not under the current administration who is still only interested in re-election not "We the people"
Am I reading the signals right:
"The latest update of the US Fed's balance sheet shows it is still not adding to its holdings with more QE, and it is now a full month that it has held back. Given that the US Senate is blocking more fiscal stimulus, it seems likely that little more assistance for their economy is coming any time soon."
The (surprising) bounce back of the equities markets - such as in the USA - seems to have been largely driven by QE.
Does this means that this "life support system" has some what been turned off?
Should we be definitely noting this and thinking of possible consequences?
Yes to both.
( An informal view here http://charleshughsmith.blogspot.com/2020/06/dear-junkies-addicted-to-f… )
Yes and no. Fed asset purchases have plateaued - latest graphic evidence
The stock market hasn't crashed and nor have bond prices. But in the real world financial matters are not so sanguine.
World’s Largest Pension Fund Loses $165 Billion in Worst Quarter
The Reserve Bank of Australia imposed them [yield caps] back in March 2020 during GFC2, opting for what it said was the cleaner, more efficient option than straight QE. Bond buying messy and confused, yield caps neat and simple. It’s been so successful, sayeth the media, that the central bank hasn’t had to buy a single bond in two months. Seriously:
"Since setting its target in late March and launching into a flurry of purchases, the RBA hasn’t had to buy bonds for eight weeks. This benefit won’t have gone unnoticed by other central banks."Link
It's past time to review the RBNZ's $19.333 billion QE buying frenzy and the dislocation it's causing in the mechanism of price discovery. Not to mention the government's growing contingent liability to banks.
I Have an awful feeling that Central Banks are going to destroy the world we know, if they haven't succeeded already.
AJ are they, the CBs, destroying the world as we know it or do "they" want total control as in 1984.
Here's George Gammon with his theory and I sincerely hope he's totally wrong.
The Real Reason They Want To BAN CASH!
https://youtu.be/o48-_fY58jg
What scares me more is that having watched many of his recent videos (as well as those by Dalio), the more I think Carl Marx might have been right! Is this late capitalism?
Yes, it is. The present part of the capitalist cycle is very well described by Marx. You don’t have to be a ‘Marxist’ per se to see that he was a very acute observer of economics. Thomas Piketty’s book Capital is good on this too - pointing out the previous cycles where economies have become progressively more unequal due to the dynamics of capitalism, and how it’s only ended by profoundly destructive events.
Article worth reading on lock downs.
https://edition.cnn.com/2020/07/03/health/coronavirus-lockdown-lifting-…
Excellent graphic including NZ indicating that the call on not opening too soon and tightly closed borders have been the right calls.
China will move to control it's food supply same as it has done with oil.
https://www.bloomberg.com/news/articles/2020-06-29/china-oil-titans-pla…
https://investoramnesia.com/2020/06/28/fraud-short-sellers-media/
Happy Trump Dependents Day everyone....4th July.
Used to be 'Independence Day'??...did it not.
“US economy shrinking but Wall St is up”...... the Fed sponsored Ponzi scheme continues.
The drumbeats are sounding louder and louder
The lobbyists and pushers and drongos are demanding NZ open its borders - now
Yesterday it was the Auckland Business Council getting screen-time of TVNZ
I'm neutral on the border being closed. It would appear to be a lawful option to exercise under the health act. It is costing me, and the country, export income, but I'm happy to see tourism numbers slow up. That is going to be devastating to a lot of peoples livelihood though. I posed the question last week - "at what level of unemployment does the border open up?" It was a political position to close it, and so will it be to open.
I think Helen Clark and co are right about one thing, that the systems in place to operate with open borders simply haven't been developed. I believe that lockdown empowered a malaise that let this happen. It was done in lieu of the management the Health Act did empower.
Don't think this is going to end well either way, you can't rely on government to manage anything well.
18 sounds small, however, it is the full list.
https://www.rnz.co.nz/news/political/420494/criminal-charges-possible-i…
Scarfie, what do you make of the threat of criminal charges. No one going to remember anything.
How do you think Radio NZ verified those 18 names - could be 18 fake names - could be a hit job
Now that would make for a bit of intrigue. Firstly if it was, second if RNZ didn't verify.
Asked the Stuff reporter, "What's it look like"
A Stuff journalist who has seen the list said it included the names and personal details of the 18 confirmed Covid-19 cases in New Zealand quarantine on Friday.
https://i.stuff.co.nz/national/health/122036788/state-services-commissi…
He [Minister] had asked the State Services Commission to work with all relevant agencies to ensure the matter was thoroughly investigated.
Hit job?, someone moving against the new Minister, can't sack Clark twice. What do you see?
A nameless homeless man
He had asked the State Services Commission to work with all relevant agencies to ensure the matter was thoroughly investigated.
https://ssc.govt.nz/about-us/sscer/
"4A - Role of Commissioner
The Commissioner's role is to provide leadership and over-sight of the State services so as to ensure the purpose of this Act is carried out, including by -
(a) Promoting the spirit of service to the community; and
(b) Promoting the spirit of collaboration among agencies; and
(c) Identifying and developing high-calibre leaders; and
(d) Working with State services leaders to ensure that the State services maintain high standards of integrity and conduct and are led well and are trusted; and
(e) Overseeing workforce and personnel matters in the State services; and
(f) Advising on the design and capability of the State services; and
(g) Evaluating the performance of Public Service Leaders, including the extent to which they carry out the purpose of this Act; and
(h) Supporting the efficient, effective and economical achievement of good outcomes by the State services; and
(i) Promoting a culture of stewardship in the State services."
Why didn't the leaker leak the details of the 367 abscondees instead
Often the term "Criminal" is often thrown about in error when the charges might come from some other act. For instance the Summary Offences Act is for minor offences that are not crimes, imprisonment upto 3 months still though. Common in the media to confuse things. How many times have you heard the term "their house was robbed"? Robbery is a crime against a person not a property crime.
So looking through the Crimes Act this is one possibility, although I think it a stretch. http://www.legislation.govt.nz/act/public/1961/0043/latest/DLM328528.ht…
It is really a breach of the Privacy Act and that is targeted at organisations. If so then it is an employment matter for the offender.
The process of finding out be interesting, hard to hide your activity on a computer. They'll narrow it down to a computer and printer, but can they prove who was at the terminal? Might be the physical document was seen and simply photographed with a phone. They will have a short list of suspects in time, but whether they can pin it down is another matter. Usually in these cases someone talks. The smart ones shut their trap and say nothing. But this wasn't likely pre-meditated, more spur of the moment, that person is more likely to crack.
Why would you do that? What possible gain could you get from doing such a thing?
Bugger the criminal charges. Just throw them in the stocks.
Some years ago traveled to Seoul in South Korea for a football tournament. Getting out of the place was an experience. The Military manned the departure lounge and Aerobridge to the plane. Passengers were ruthlessly “frisked” hard. No mucking around. Males and females were treated alike. This was just before body scanners, and some time before 9/11. Never been back. The NZDF was deployed to assist with the Fox River rubbish clean-up Why is the NZ Military not deployed at NZ entry points to test every arrival
http://www.legislation.govt.nz/act/public/2020/0012/latest/LMS344191.ht…
Note that if the Military is given power as an authorised person then that power extends to entering your home without warrant. I warned of this, it is a shift in the principle that a mans home is his castle.
I know. I know. The role of the NZDF is to defend NZ against threats that threaten the populace. There is a conflict between that and civil rights. I have referred to this before. What is needed is a full discussion by an eminent ethicist. Trouble is I don't think there is any in this country. Meanwhile silence.
The Law Society did submit on the matter, although it would be interesting to get their further opinion on the Military as they missed this scenario. I'd still maintain that logistically the military are the ones to control the border, or quarantine facilities. But better to use the military to build capability then have them back off and let others do the management. That could be done after a short training course on the legal framework they work under. Couple of weeks would do it and they could work directly for the health ministry.
You might have the military supply services that also involve logistics, such as kitchens. It would be good training in that side of operations. Better to have the military active, something the organisation is more suited to, rather than standing around doing guard duty.
https://www.lawsociety.org.nz/news-and-communications/news/emergency-co…
Can the Fed go bust? (George Gammon).
Anyone else notice more and more people coming out and saying that the current financial system is a ponzi scheme? (and I'm not just referring to housing in NZ, I'm talking globally across all markets using central bank controls). Or do I find myself stuck in a series of echo chambers across different financial sites/commentators?
A debt laden mess!
At the end of 2019 we had issue after issue that could have protenicailly tipped everything over. With hindsight those issues were small compared to this megashambles that is present.
We can look at all the polls, stats and take snippets of hope from them but the real facts are that this is insanely bad and getting worse by the day.
By comments on here from the last few days that we should be happy and keep on trucking BAU off we go..... Is there anyway we can view the Prozac usage rates in NZ compared with the previous rates?
It would be a better indication of the public optimisium.
People have been saying it’s all going to collapse ever since the GFC. But here we are with a pandemic and associated job losses and loss of tourism etc, but no collapse yet. Doesn’t that imply the economy is much stronger and substantial than what people believe?
Stable economies do not need trillions pumped into them to keep it afloat. It is the equivalent of a person in a hospitial bed with life support hooked and requiring more and more stimulation to keep that person alive and saying they are as good as gold.
I’d say any stable economy would need money pumped in during a pandemic. It’s not that abnormal.
But surely if debt was as bad as we keep hearing it would have all collapsed by now don’t you think regardless of the money printers.
If this pandemic doesn’t pop this bubble then I can’t see how it could be a bubble.
JJ. it would have collapsed in the GFC if banks and others weren't propped up and that kept going until the Fed tried to reverse those measures, which started it all over again.
For this to continue the rich will be made richer and the poor poorer, until the poor decide enough is enough.
I’ve had enough Kezza but what can I do? None of our political parties are woke to this issue. Hell they are probably a main beneficiary of the central bank largesse. What do you suggest?
The theme of the last few days seems to be blurry your head in the sand.
For my two cents, it means the economy is much more fragile and artificial now than 'stronger and substantial'.
For sure. But if it truly was fragile before don’t you think it would have died by now?
To me it proves the doomsters were being a bit too gloomy before the pandemic (as usual)
How did I go bust?
Slowly, then suddenly
I didn’t expect society to so freely allow the likes of the Fed to buy junk bonds and allow zombie companies to emerge in our economies so we could carry them into the future. So I underestimated the extremes the central banks would go to save the system - whether their decisions are beneficial in the long run, well we’re going to have to wait and see.
IO - ' do I find myself stuck in a series of echo chambers across different financial sites/commentators? ' I have clearly thought like you for a long time but rightly or wrongly the world has changed and perhaps we need to too. We can debate the change from moving from the gold standard by Nixon, but from that moment onward we did not then have a fixed amount of money in circulation. I found this article very informative - https://www.interest.co.nz/news/105740/covid-19-ravaged-world-could-mod…
It can be debated that all markets are Ponzi scheme's now, but really it would appear it does not really matter. Governments running surpluses means private sector runs deficits and vise versa ! Debt as like the RBNZ bonds for the Government so they have extra money can be written off at the stroke of a keypad ! Under MMT ( Modern Money Theory ) potentially more people can have a better life as I see it, and that is the role that Governments in theory should focus on.
I do wonder though if at some point we all devalue currencies so much that what we know as money (Fiat) is no longer recognisable - and do we start again with repricing of assets using some new form of money or some other form of transition/continuation.
The idea of that people can have a "better life" by printing money is a fallacy. If we were actually investing the "printed money" into infrastructure and new technologies that actually increase the standard of living, it may work (if invested well, so the returns justify the investment). But there is scant evidence that is what is happening.
https://www.tvnz.co.nz/one-news/new-zealand/new-zealand-considers-quara…
""The exemption, which is the first of its kind, would apply to relatives accompanying patients seeking medical treatment here, members of the judiciary, health workers, and people working on critical infrastructure.""
At long last some sense. Of course NZ and the Cook Islands should be one bubble. They have more to fear from us then we have from them.
NZ is slowly getting its quarantine in order; once everyone can have confidence in it then we need to check the quarantine procedures in the Covid-19 free Pacific Island countries and open up travel. And no need for specific exemptions - they could and should be opened up for tourism. PIs like shopping here and we like a little sunshine in winter.
Ray Dalio says capital markets are no longer 'free markets' (no surprise..)
We are where we are, running the Ark plan.
2 big issues to get a handle of - because of tha Ark.
First, the Helen Clark paper, how to move forward, (ironic that the new slogan calls out the problem). - comment below if having a plan is dangerous.
Second, because we are on the Ark, the border stop/good traffic mgt has got to work. We have had a week of leaking people, undone process followed by a week of leaking data. Quarantine sites are moving away for health & hospital resources, and away from Auckland control eyes.
Example of what's to be avoided:
The Melbourne lock down, locking of 3,000 tower residents for testing - food delivered 5 days, related to quarantine hotel security contractors visitor infection.
https://youtu.be/lLdhV1emHmo
Bets are locking Melbourne next week will not be enough.
- what's the key needed to take the stuff ups out of the border management?
A fact of border control
https://i.stuff.co.nz/national/health/coronavirus/300049527/coronavirus…
Air Commodore Darryn Webb, head of managed isolation and quarantine, said the exact movements of the woman were still being determined.
Of the 3 new cases, 5 in quarantine, maybe 6.
“All have been in managed isolation since their arrival in Christchurch and their cases were detected during our day three testing. All are now in quarantine at the Chateau on the Park facility.”
https://i.stuff.co.nz/national/health/coronavirus/122040804/three-new-c…
Q: what's the difference between isolation, The Commodore and quarantine, The Chateau on the Park? What's done differently.
Cases numbers increasing, how long until 20% of those returning are infected? How much does that cost the tax payer?
Not too long, depends on luck.
Reports from The Chateau on the Park, a two story motor lodge type property set in grounds. Reported as being used as quarantine for 3 confirmed covid19
cases- see above.
No security on multiple driveway entrances, multiple entrances open to public.
No marked security vehicles on site.
No signage directing on site visitors to a single building entrance,
No bio hazard warning signage.
Christchurch Girls High School on one side
Hagley Park on another.
What could possibly go wrong?
RNZ have pictures
https://www.rnz.co.nz/news/national/420536/covid-19-update-three-new-ca…
It's a Hilton
https://www.hilton.com/en/hotels/chcnzdi-chateau-on-the-park-christchur…
Idyllic leisure near central Christchurch
We're across the street from Hagley Park, home to Christchurch Botanic Gardens and Canterbury Museum. The city center is three kilometers away and we’re within 10 minutes of Te Pae Christchurch Convention and Exhibition Centre. We have a free scheduled local shuttle, an outdoor pool. Enjoy a warm DoubleTree cookie on arrival.
Australia experience.
Note the 450 people limit of daily arrivals into NSW.
https://www.smh.com.au/national/nsw/the-risk-remains-14-new-cases-of-co…
The use of private security guards in Sydney's quarantine hotels is now under the microscope, with failures in monitoring guest movements being blamed for the surge of cases in Victoria.
Acting Chief Medical Officer Paul Kelly said on Sunday that all states needed to ensure security guards in hotels were trained and understood the magnitude of their responsibility.
Sex with the people in isolation from what I heard from an Ozzy mate as well. Whoops.
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