1. Dow set for decrease open after 580-point surgeAhead of the final buying and selling day in June and the second quarter, the Dow Jones Industrial Common was on monitor for an virtually 16.8% quarterly advance, which might be the most effective quarter since This fall 1998. The Dow was pacing for an almost 1% improve in June, which might be the third straight constructive month. Nonetheless, 12 months up to now, the Dow was nonetheless down 10% as of Monday’s shut.In ready remarks for Tuesday afternoon’s Home Monetary Companies Committee listening to, Federal Reserve Chairman Jerome Powell stated massive questions stay over the outlook for the economic system, significantly in mild of ongoing efforts to include the pandemic.Practically all the largest U.S. banks stated Monday they carried out effectively sufficient on the Fed’s most-recent stress check to take care of their present quarterly dividends. Nonetheless, Wells Fargo stated the Fed’s evaluation of its enterprise will warrant a discount to its quarterly payout.2. Fauci, different prime U.S. well being officers to testifyDr. Anthony Fauci, Director of the Nationwide Institute for Allergy and Infectious Illnesses, Nationwide Institutes of Well being, testifies throughout a Home Power and Commerce Committee listening to on the Trump Administration’s Response to the COVID-19 Pandemic, on Capitol Hill in Washington, DC on Tuesday, June 23, 2020.Kevin Dietsch | Pool through ReutersWhite Home well being advisor Dr. Anthony Fauci and prime U.S. well being company leaders are set to testify Tuesday morning earlier than the Senate Well being, Training, Labor and Pensions Committee, someday after a CDC official stated the coronavirus is spreading too quickly and too broadly for the U.S. to convey it beneath management. On Monday, the pinnacle of the World Well being Group stated that regardless of progress in lots of nations “globally, the pandemic is definitely rushing up” and “the worst is but to come back” as many countries and world leaders stay divided on learn how to fight the virus. Complete worldwide circumstances now quantity greater than 10.three million, together with over 505,500 deaths. 1 / 4 of the infections and fatalities have been in the us3. States stroll again or delay reopening plansA signal asking customers to not transfer tables or chairs to take care of social distancing is displayed on the Arrowhead Towne Middle on June 20, 2020 in Glendale, Arizona.Christian Petersen | Getty ImagesAs coronavirus circumstances surge in Southern and Western states, extra governors are strolling again or delaying reopening plans. Arizona Gov. Doug Ducey on Monday shut down bars, film theaters, gyms and water parks. Arizona isn’t alone in its reversal. States together with Texas, Florida and California are backtracking, closing seashores and bars in some circumstances. Oregon Gov. Kate Brown and Kansas Gov. Laura Kelly are ordering individuals to put on masks or face coverings when social distancing can’t be maintained. The town of Jacksonville, Florida, the place mask-averse President Donald Trump plans to simply accept the Republican nomination in August, can be implementing a face-covering order.4. NJ governor delays indoor eating, NY governor pronounces mall requirementsA “CLOSED USA” signal on May 4, 2020 on the Jersey Shore in New Jersey.Eduardo MunozAlvarez | VIEWpress | Corbis through Getty ImagesIn the Northeast, laborious hit earlier this 12 months however not seeing new surges, New Jersey Gov. Phil Murphy introduced Monday the state will delay a resumption of indoor eating that was deliberate for Thursday. New York Gov. Andrew Cuomo introduced that buying malls within the state will probably be required to have virus-filtering air-con programs in place to be able to reopen. AMC is pushing again the reopening date for its theaters to July 30. Beforehand, the corporate had deliberate on beginning to reopen theaters in mid-July in time for the releases of “Tenet” and “Mulan,” each of which have been delayed into August.5. China’s Xi Jinping indicators Hong Kong safety lawPolice stand guard on a highway to discourage pro-democracy protesters from blocking roads within the Mong Kok district of Hong Kong on May 27, 2020.Isaac Lawrence | AFP | Getty ImagesChinese President Xi Jinping has signed the Hong Kong nationwide safety regulation, state media reported Tuesday. Few particulars have been unveiled, however Beijing stated the laws is aimed toward prohibiting secession, subversion of state energy, terrorism actions and international interference. It is unclear when it’ll take impact. When the regulation was proposed final month, it reignited protests in Hong Kong. Critics see the safety regulation as a option to undermine the autonomy promised to Hong Kong for 50 years after it was handed over from the UK. to China on July 1, 1997. Wednesday marks the anniversary of the handover.— The Related Press contributed to this report.