It’s a light one on the North American calendar today

Economic data is slim

Economic data is slim

It’s all about impeachment, Brexit and China-US talks this week as the economic calendar is light today and for most of the week.

Equity market sentiment is negative to start the week, partly on a Bloomberg report suggesting that China won’t consider reforming industrial policy or government subsidies. On NPR, Peter Navarro said the White House wants a big trade deal with China or no deal.

There is also chatter today about faultlines in corporate policy where US companies are appeasing China. The flashpoint today was that the GM of the NBA’s Houston Rockets tweeted support for Hong Kong. It’s set of such a firestorm that there’s even talk he could be fired.

There are also rising geopolitical fears after Trump announced a pullout from Syria. The fear is that Turkey could invade and destabilize the region.


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New research sheds light on the day the dinosaurs died

For the first time, we have a detailed picture of what happened in the 24 hours after an asteroid hit the Earth 65 million years ago and caused dinosaurs to become extinct. A research team led by the University of Texas at Austin made the new discoveries using rocks found off the Yucatan Peninsula. They found that the blast ignited a chaotic day of fires, earthquakes, and tsunamis, which led to a prolonged period of global cooling.

The new research allows scientists “to get a really clear snapshot” of what happened that day, according to Derrick Pitts, chief astronomer at the Franklin Institute in Philadelphia. “This is the most eventful day, almost in the history of the planet.” 

That snapshot is a grim one. Pitts said the asteroid was six miles wide – and that when it hit Earth, it created a crater 90 miles wide and 18 miles deep that blew 25 trillion metric tons of material into the atmosphere.  

The new research showed scientists that the impact “created a gigantic tidal wave that washed across this continent, and really changed the face of the planet in that location – or, really, changed the face of the planet overall entirely,” Pitts said.  

The spot where the asteroid struck is key, he said. “If the asteroid had not hit that particular location at that time, it could have been a very different outcome for the planet,” he said. “That particular impact region at that particular time created this world that we have now because it altered the planet … If it had hit somewhere else, we could have had a different planet.”  

The research also showed that the event isn’t isolated – and that another asteroid could strike.

There is good news: while smaller asteroids could still cause problems, Pitts is confident that a major asteroid isn’t headed toward Earth any time soon. “I’m confident there’s not a big one heading our way,” Pitts said. “And we’ve taken a very good assessment of what’s out there. Still more work to be done — but we know there aren’t any more planet killers out there in the next thousand years or so.”  

© 2019 CBS Interactive Inc. All Rights Reserved.

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A very light day on the economic calendar in Asia today – some data from China

Monday gets the week off to a quiet economic data start.

The first event of note is from the BOJ – JGB purchase operation in 1-3, 3-5, 10-25 and 25+ years remaining until maturity. At 0110GMT.

0130 GMT from China is the April reading for industrial profits, prior 13.9% y/y

  • China’s industrial profits f have been impacted adversely by slowing exports and production. The result in March, +13.9% y/y, was surprisingly strong given the weaker trend (note that profits in the first three months (i.e. YTD) were -3.3% from a year ago).
  • Exports and growth in industrial production slowed in April, which should ensure a weaker result than in March.

After that, later in the session at 0500GMT Japan leading and coincident indexes.

If you are going to have a nap instead of trade Asia, set your alarm for a speech from the European Central Bank’s Benoît Cœuré at 0840GMT.

European Central Bank's Benoît Cœuré

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Duchess shines light on dangers of osteoporosis

The Duchess of Cornwall is speaking out about osteoporosis, a condition she says contributed to her mother’s death. Camilla, 71, marked the official launch of the Royal Osteoporosis Society at the Science Museum in London by sharing an anecdote about her late mother Rosalind, who died of the bone disease in 1994.

“It was 25 years ago that my mother died as a result of osteoporosis. In fact, she was exactly the same age that I am now. Then it was never discussed, rarely diagnosed and always attributed to old people,” Camilla said, according to the royal couple‘s official Twitter account.

She continued on to say that she wishes her mother “was here today to see what could have been done.”

What is osteoporosis?

Osteoporosis literally means porous bone. It is a disease in which the density and quality of bone become weaker and brittle. As bones become more porous and fragile, a fall or even a mild stress like coughing or bending over can lead to a fracture.

Worldwide, about 1 in 3 women and 1 in 5 men are at risk of a fracture related to osteoporosis, according to the International Osteoporosis Foundation. In fact, a fracture associated with osteoporosis occurs once every 3 seconds. The most common fractures occur in the hip, spine, and wrist.

As the disease progresses, bone loss occurs silently and often there are no symptoms until the first fracture occurs.

Who is at risk for osteoporosis?

Some people are at a greater risk of osteoporosis than others, for reasons they cannot control. Women, for example, are much more likely to develop the disease than men, as are people of white or Asian descent. 

The risk of osteoporosis also increases with age. People who have a parent or sibling with osteoporosis are at a greater risk of the disease themselves, especially if a parent suffered a hip fracture. Both men and women with smaller body frames also have a higher risk since they may have less bone mass to draw from as they get older.

Osteoporosis is more common in people with certain medical conditions, including thyroid problems, eating disorders, celiac disease, inflammatory bowel disease, kidney or liver disease, cancer, Lupus, multiple myeloma, and rheumatoid arthritis.

Lifestyle habits can also increase the risk of osteoporosis, such as tobacco use, excessive alcohol consumption, and a sedentary lifestyle.

How do you die from osteoporosis?

Osteoporosis can be fatal when it leads to dangerous falls and fractures.

In fact, a 2015 study found fractures due to osteoporosis can cause premature death in people 45 and older. The researchers followed more than 200,000 elderly patients over several years and found an increase in deaths among those who suffered fractures. Almost all bone fractures (apart from fingers and toes) were linked to an increased risk of dying when compared to other men and women of the same age who had not had a fracture.

“Common fractures like spinal fractures that cause older people to stoop over, arm, collarbone and wrist fractures from a simple fall, or pelvic fractures from a trip on the stairs or a slip on the ice all increase the risk of the sufferer dying in the next few years,” study author Lyn March, MD, PhD, said in a statement.

The International Osteoporosis Foundation reports that a 50-year-old woman has the same risk of death related to a hip fracture as she does from dying of breast cancer.

Can you prevent osteoporosis?

It’s important to note that osteoporosis is not a normal part of aging and there are steps you can take throughout your life to protect your bones.

Good nutrition and regular exercise are essential to maintaining good health and keeping bones strong, Protein and calcium in particular are building blocks of healthy bones. If you cannot get enough of these in your diet, you may want to talk to your doctor about taking supplements.

Avoiding tobacco and limiting alcohol intake can also go a long way in protecting your bones.

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