U.S.-China Trade Talks, Job Cuts, Argentine Debt: Eco Day

(Bloomberg) -- Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Top Chinese and U.S. trade negotiators will speak as soon as next week on progress in implementing a phase-one deal after President Donald Trump threatened to “terminate” the agreement if Beijing wasn’t adhering to the terms
• U.S. minorities and less skilled see a decade of job gains evaporate
• Women bore the brunt of early Covid-19 job losses in Canada but the playing field will likely level off after social distancing measures prompted nationwide layoffs
• Argentina’s government said it’s open to new proposals from it’s creditors to restructure $65 billion in debt, signaling a greater willingness to negotiate in talks to avoid another chaotic default
• Brazil’s central bank signaled it will spare no effort in helping Latin America’s largest economy ride out a historic blow from the coronavirus pandemic following Wednesday’s larger-than-expected interest rate cut
• Bank of England Governor Andrew Bailey made clear that policy makers could expand monetary stimulus as soon as next month as the U.K. faces an economic slump that could be the worst in Europe.
• The European Central Bank is “more determined than ever” to support the euro-area economy after the deadly coronavirus forced businesses shut and plunged the 19-nation region into its worst recession in decades, Vice President Luis de Guindos said
• Finally, don’t miss this week’s episode of the Stephanomics podcast

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