Stock Market’s Biggest Risks | End Of Haven | Britain’s New Lockdown

Plus: The Mother Of Three Who Made Nearly $200 Million Baking McDonald's Buns

Good morning.

Morgan Stanley experts have revealed their biggest concerns about the stock market this year. We also look at the latest measures the British government is taking to tackle surging Covid-19 infections and deaths in the country, and at a curious conundrum related to marijuana legalization.

In The News Today

Enrique Tarrio, the leader of the far-right Proud Boys, was arrested in Washington, D.C. on charges of destruction of property and illegally possessing firearms magazines.

President-elect Joe Biden and incumbent President Donald Trump made very different final pitches to voters in Georgia ahead of a runoff election that will determine control of the Senate.

Top Take-Aways

Morgan Stanley experts are worried about the unintended consequences of extra cash and pent-up demand in the economy once the pandemic subsides, which could tank markets quickly and abruptly this year.

A handful of states, including California and New York, have said they will begin paying out a long-awaited extra $300 weekly unemployment benefit to eligible claimants this week.

Among the provisions included in December’s hefty coronavirus relief bill, the Continued Assistance for Unemployed Workers Act of 2020 (CAUWA) extends and slightly expands coronavirus relief for unemployed workers—here’s what you need to know. 

Amazon, Berkshire Hathaway and JPMorgan announced they will shut down Haven, a venture founded in 2018 that aimed to improve healthcare provisions for their employees, at the end of February after a tumultuous run.

After announcing a new lockdown across England and $6.2 billion in support of businesses struggling in the pandemic, the British government is preparing to tighten access to the country, advising people to avoid travel.

You may be surprised to know that members of Generation X and Boomers feel very differently about financial security. Survey after survey is showing that Gen Xers have much in common with Millennials and Generation Z when it comes to money worries.

It’s a cannabis conundrum: as of January 1, weed is legal in New Jersey by plebiscite. But the absence of further legislative changes to support a regulatory framework means that marijuana remains, in effect, illegal. Here’s a look at what went wrong.

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