— This is the script of CNBC's news report for China's CCTV on September 24, 2021, Friday.
UN General Assembly took place this week in New York, Marcelo Queiroga, Minister of Health of Brazil was tested positive for Covid-19, together with a member of the Brazilian delegation. Not long before he tested positive, Marcelo was with Brazil's President Jair Bolsonaro having pizza on a sidewalk. According to New York's Covid guidelines, only vaccinated people are allowed to dine in. Bolsonaro refuses to get vaccinated despite being contracted with the virus once. Queiroga stays in New York for quarantine after tested positive, and Bolsonaro, who has returned back to Brazil, will also isolate himself at home.
This case has sparked widespread concern as Queiroga attended many events with Bolsonaro during the UN General Assembly, including the meeting with British prime minister Boris Johnson, when both of them did not wear masks and Queiroga even shaked hands with Johnson. Queiroga also attended many other events in New York, like having breakfast with a group of investors; participating in a meeting with Brazil's first lady, and joining a Sept. 11 memorial activity.
Since Messi moved to PSG, many fans have been looking forward to his performance. However, in his first three appearances, he did not score any and even got a knee injury. Cristiano Ronaldo, who also moved to a new club this summer, performs well in the new club and has overtaken Messi as the world's highest-paid soccer player.
Forbes estimates that Ronaldo is set to earn over $125 million before taxes in the 2021-22 season after re-joined Manchester United, Messi, meanwhile, sits just behind him at $110 million.
Ronaldo has a higher OTC income than Messi, which is part of the reason that why he can be the world's highest-paid soccer player instead of Messi. Ronald has over 500 million followers on the major social platforms and earns $55 million from commercial endorsements while Messi earns $35 million from that. Messi and Ronaldo both became famous at early age and already earned a lot of money. But how do the common youngers make money? Gary Gensler SEC Chairman suggested college students " start saving early, saving often" in a social platform's video this week.
Gary Gensler
SEC Chairman
"If you were to save 5 dollars a week, and you earned maybe 8%, starting off while you are in college, you may have 130000 dollars plus saved by the time of retirement of 65. Just 5 dollars a week, but if instead, you waited until… Let's say you are 40 years old to start saving, to get the same numbers, you would need about 30 dollars a week."
Though his main point is about the compound interest in finance, his advice drew some backlash. Some people commented "Why would anyone save money when inflation is 5% and interest is 0.5%? Savings don't make sense when real returns are negative."
Most "high yield" savings accounts in U.S. dollars offer annual percentage yields closer to 0.6% or less, according to Bankrate. The pandemic has changed many Americans' concept of financial management, personal saving rate shot up to 34% once before coming back down to 10% recently, data shows.