Windows 10: the blocking for the 2004 version is lifted on the Surface

Technology: Microsoft was preventing certain Surface devices from updating to the 2004 version due to technical issues. The blockade was lifted on June 29.
Microsoft releases the block it placed on certain Surface devices to prevent them from updating to version 2004. This block prevented users of certain Surface models manufactured by Microsoft, including Surface Laptop 3 and Surface Pro 7, from downloading and manually install the latest Windows 10 feature update.

According to information released as part of the May 2020 update, devices with more than one network adapter capable of operating in "Always On, Always Connected" mode may experience unexpected shutdowns and reboots. The Surface Laptop 3 and Surface Pro 7 both fall into this category. (Other surface devices can also be included; I asked Microsoft for a list of affected devices, but got no response).



Several technical problems when launching the updateEven though a patch (KB4557957) was released on June 9 as part of …

US Federal rate cut adds to panic

The US central bank "The Federal Reserve System" announced a rate cut of 0.5 percentage points on Tuesday to target a range of 1% to 1.25%. It was his first emergency decision since 2008. Markets first reacted before rising again. If she wanted to calm the markets, she’s missed. Initially up, the stock market fell again on Tuesday as the US Federal Reserve pulled out heavy artillery against the economic effects of the coronavirus. The Fed cut interest rates by 0.5 percentage points, citing risks to the US economy from the spread of the virus in a statement. It is the first time that the American institution lowers its rates in emergency since the financial crisis of 2008. Its next meeting was scheduled for March 18, but it had announced Friday already to be ready to act to counter the economic damage and financiers of the epidemic.
 
US central bank - The Federal Reserve System

"The magnitude and persistence of the effects" of the coronavirus remains "very uncertain," said Fed officials. Taken unanimously, the decision to lower rates, now in the range of 1% and 1.25%, should provide "a significant boost to the American economy". She added that we should now expect "more formal coordination" between G7 countries on the coronavirus.

Surprising drop

This drop in Federal Reserve interest rates is surprising, says Fabrizio Quirighetti, of Decalia in Geneva, "because it comes when the Fed has a meeting scheduled in two weeks and the G7 meeting on Tuesday morning did not not lead to the announcement of a concerted reaction. Maybe the Fed just warned its counterparts that it was going to cut rates. It is also true that the European Central Bank or the Bank of Japan have less leeway to further lower their rates. ” Just like the SNB, whose rates are already negative.


A cartridge used for nothing?
 
The fact remains that such a decision by the American central bank will not treat the sick or reopen Chinese factories; However, the main problem created by the coronavirus is precisely to have disrupted the global supply chain, continues the chief investment officer of Decalia.

For him, the objective of this intervention by the Fed is to prevent a stronger correction of the markets weighing on the economy. Not sure, however, that the markets will join, concludes Fabrizio Quirighetti: "If they end the session down, it will mean that they believe that the Fed has made a mistake in monetary policy and that it has spent a big canister for nothing. " The facts seem to prove him right: at the end of the day, the markets were in the red. The 10-year US bond rate was down.

Likewise, "the Fed's cut will not be enough to avoid a major economic disruption," said Andrew Mulliner, global bond portfolio manager at Janus Henderson Investors, in a note released just after the announcement. In addition, this drop was so expected, now or in the coming weeks, that it was already taken into account by the market. The specialist draws a parallel with 2008, when the economy was on the brink of the abyss: "That we see a similar response from the Fed today can both be applauded - better to act boldly than shyly in these uncertain times - and feared: how much can the current situation deteriorate? ”


Central bank action in China and Australia
 
The Bank of Japan, the Bank of England and the European Central Bank have said they are ready to intervene. But only their Australian and Chinese counterparts have taken action. The former lowered interest rates to an all time low to 0.50% from 0.75%. The second has injected liquidity, eased the credit it gives to financial institutions, among others, to facilitate the restart of activity in a country still largely paralyzed.