Five Things You Need to Know to Start Your Day

Covid-19 cases continue to climb, growth outlook revised lower and China risks inflating another bubble.

The World Health Organization reported a one-day high in global coronavirus infections, with Iran and Indonesia reporting their deadliest days yet. Pakistan is emerging as another hot spot in South Asia. The economic fallout from the pandemic is likely to continue long into the second half of the year, with a rebound in 2021 now less certain. Speaking of prospects for 2021, support for President Donald Trump is dropping in areas where virus cases are rising fastest in the U.S.