Service Properties Trust (SVC)
North America In the U.S.: Although China has increased its US good purchases, it is still not expected to meet its purchase commitments for 2020. This was not surprising given the big gap between Democrats and the White House over the size and scope of the package. The drop continued the push the theme that the recovery may be decelerating. REIT Focus: Service Properties Trust (SVC) announced that it will transfer the branding and management of 103 hotels to Sonesta International Hotels Corporation from InterContinental Hotels Group (IHG). The move comes after IHG failed to make its scheduled rent payments for July and August. ASIA In China: In Japan: Abe will reportedly stay in office until a successor is named.