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Shutdown Angst Clouds Markets Again With Covid Cases on the Rise


Jul 20 2021, 8:43 AM
July 19 2021, 9:54 PM
July 20 2021, 8:43 AM
(Bloomberg) Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
(Bloomberg) Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
On Monday, many got a jarring reminder that the coronavirus pandemic hasn’t gone away, with anxious investors worried the resurgences could erode economic growth and reverse a rally in equities that had reached record highs as recently as last week.
“The rise in the variant, the ‘Oh my gosh, are we going to get shut down? And then even if we don’t get shut down, is growth going to slow?’” are thoughts driving the selloff, said Kim Forrest, founder and chief investment officer at Bokeh Capital Partners. ....

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Federated Hermes, Inc. (FHI) Q1 2021 Earnings Call Transcript


Operator
Greetings and welcome to the Federated Hermes, Inc s First Quarter 2021 Analyst Call and Webcast Conference Call. [Operator Instructions] [Operator Instructions]
I would now like to turn this conference over to your host Mr. Ray Hanley, President of Federated Investors Management Company. Thank you sir, you may begin.
Ray Hanley
President of Federated Investors Management Company
Thank you. Good morning and welcome. Leading today s call will be Chris Donahue, President and CEO of Federated Hermes; and Tom Donahue, Chief Financial Officer. And joining us for the Q&A are Saker Nusseibeh and Debbie Cunningham. Saker is the CEO of our International Business and Debbie is the Chief Investment Officer for Money Market. During today s call, we may make forward-looking statements and we want to note that Federated Hermes actual results may be materially different than the results implied by such statements. Please review the risk disclosures in our SEC fil ....

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