| Ex-cop is found guilty of George Floyd's murder. HSBC's pivot to Asia stokes tension between Hong Kong and London. Apple unveils revamped iMac and iPad Pro. And all English teams pull out of Europe's rebel soccer league. Here's what you need to know to start your day. HSBC's pivot to Asia is stoking tension between Hong Kong and London. The global heads of investment banking, commercial banking and wealth are relocating to Hong Kong this year, but some senior executives are worried about added bureaucracy and blurred reporting lines, according to people familiar with the discussions. Senior bankers expect friction with regional chief Peter Wong, who has so far enjoyed a high degree of autonomy. The transfers coincide with the start of an informal search to identify 69-year-old Wong's successor. A member of China's top political-advisory body, Wong's ties have been pivotal to mending relations with Beijing. He has pressed for quicker engagement with Beijing's concerns and publicly endorsed the security law imposed on the financial hub last year. Asian stocks looked set to track a decline in U.S. equities, with futures pointed lower in Japan, Australia and Hong Kong. The S&P 500 fell for a second day, extending its slide from an all-time high. Treasuries rallied, with the 10-year yield dropping to its lowest level in more than five weeks. The dollar advanced and oil prices retreated. For Wall Street pundits, the stumble in stocks defies an easy explanation. Theories stuffing inboxes include surging Covid-19 cases around the world, rising tension between the U.S. and Russia and already-stretched technical indicators. Apple rolled out the first redesign of its flagship desktop iMac computer in almost a decade, showcasing its latest machine with in-house designed chips instead of those made by Intel. The new iMacs come in a new 24-inch screen size, are far thinner than their predecessors and have slimmer edges. They also come in seven different colors, have a 1080p camera, better speakers and improved microphones for video conferencing. The company also unveiled an updated iPad Pro. Shipments of Johnson & Johnson's Covid-19 vaccine will be restarted to the European Union after the bloc's drug regulator said benefits of the shot outweigh the risks of a possible link to cases of rare blood clots. Singapore is tightening border measures for travelers from India as cases there surge. And hospitals across India say they're running out of everything from intensive care beds to medical oxygen, but Prime Minister Narendra Modi has asked states to avoid shutting businesses to protect a nascent economic revival. Meanwhile Tokyo wants to declare a state of emergency, with infections surging just three months ahead of the Olympics. In the U.S., here's how Covid has transformed New York City's housing map. White House officials have told supporters they will pledge to reduce U.S. greenhouse gas emissions by at least half by the end of the decade, according to people familiar with the plans. A reduction of 50% from 2005 levels would would represent a near doubling of a climate target for 2025 set by the Obama administration. Achieving a reduction on that scale will require sweeping changes for power generation, transportation and manufacturing. Meanwhile Australia has announced more than $420 million in new funding for emissions-reduction projects, days before Prime Minister Scott Morrison attends Joe Biden's virtual climate summit of global leaders. What We've Been ReadingThis is what's caught our eye over the past 24 hours: And finally, here's what Tracy's interested in todayYesterday was Doge Day, a made-up event. In the run-up to April 19, Dogecoin surged by almost 20%, taking its year-to-date gains to more than 8,700%. The joke token now joins the pantheon of meme assets and stocks generating big returns. GameStop has fallen from its January peak but it's still up 772% for the year. Hertz is up 40% in the same period, and AMC is up 355%. They have all benefited from swarm trading — people piling in to push up prices regardless of catalysts or fundamentals. All of these things trade like joke tokens in one sense or another. They are numbers on a screen to be moved up or down according to whatever captures people's attention that day.  Price of Dogecoin, via Coindesk Price of Dogecoin, via Coindesk Another example took place last week, when David Einhorn started talking about a deli in New Jersey. The deli generated total sales of $13,976 last year, but for some odd reason it's publicly listed and valued at over $100 million. By the end of last week, as the $100-million-dollar-sandwich-shop exploded into the public consciousness, trading volume in its shares soared (although now, as I write this, the stock is plummeting). As my Bloomberg colleague Matt Levine notes: "You buy the deli because it's funny, and because you think other people will find it funny and buy it. You buy the deli because the thing that makes stocks — or Dogecoin, or NFTs — valuable, in 2021, is attention. Even bad attention." Whether it's Dogecoin or a $100 million deli, these things point to a shift in behavior. It used to be that people ran away from brewing bubbles, eschewing stocks and other financial assets that seemed massively overvalued or just plain stupid. Nowadays people run towards them. You can follow Tracy Alloway on Twitter at @tracyalloway. | 
⊗⋗⋮〖~DownLoad!〗 2021 Initiation Full Movie Online released 2021. story: Whiton University unravels the night a star-athlete is murdered, k...
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