Donald Trump said he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates.
The US president, however, expressed confidence that a vaccine would be developed by the year's end.
Mr Trump alternated during a two-hour virtual town hall broadcast between forecasting a rapid recovery for the US economy and casting blame for the pandemic's spread on China, where the disease is believed to have originated.
There's been more than 1.1 million coronavirus cases in the United States, and more than 67,000 have died.
The UAE on Sunday announced it has carried out 26,000 new tests for the coronavirus in the past 24 hours, uncovering 564 new cases, with 99 recoveries and seven deaths.
Other developments:
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
TICKETS
Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.
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Cry Macho
Director: Clint Eastwood
Stars: Clint Eastwood, Dwight Yoakam
Rating:**
