China's currency is soaring; Wonder Woman is banned in Lebanon; India buying 1080 new planes

Profitable Moment   Was this election necessary? I have spent the last two days visiting the English seaside and countryside. The weather has been absolutely glorious -- burning sun on the beach at Weston-super-Mare and warm breezes at the Royal Bath & West agricultural show.   Those I met had different business and industrial concerns, but the same fundamental worries -- they want certainty, both in the U.K. government and in the Brexit process. And, at the moment, both are remarkably uncertain.   Tourist executives want to know that the sterling will be stable and that the government will continue to help the industry. Farmers want to know the government will make up any shortfall in EU subsidies that end when the U.K. leaves. More importantly, they want to ensure access to existing European markets, and fair access to new hyper-competitive markets like Australia and Canada.   All in all, I am hearing one single message: this election wasn't necessary. -Richard.Quest@cnn.com  What's new... what's next   By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney 1. Yuan hits highest level since Trump election China's currency has spiked to its strongest level against the dollar since President Trump's election in November. The yuan jumped as much as 0.5% against the greenback on Thursday. That's likely to please Trump, who frequently accused China during his campaign of devaluing its currency to get an unfair advantage in trade. But the move may be aimed at some of the country's critics -- particularly Moody's, which downgraded China's credit rating last week. 2. India will buy 1,080 planes. Can it handle them? India is adding airline passengers faster than any other country, and it needs more planes to carry them: 1,080 more, to be precise. The U.S. and China are the only other nations with more pending aircraft orders. But an industry report warns Indian airlines that they may be biting off more than they can chew. It says the unprecedented expansion will put immense pressure on India's aviation infrastructure 3. Why 'Wonder Woman' is banned in Lebanon The film's star, Gal Gadot, is Israeli. Lebanon and Israel have been fighting for decades. But some Lebanese fans want the government to reconsider. Reviews have been good. CNN's Brian Lowry said it adds "heart to the genre while still delivering the requisite action." Theater chains need it to be a hit too. Summer is off to a weak start. ("Wonder Woman" is a DC Comics character and is being released by Warner Bros. CNN parent Time Warner owns both.) 4. Brazil unemployment at all-time high Latin America's largest economy finally ended its worst recession in history, growing a meager 1%. But unemployment also rose this week to its highest level ever, 13.6%. Over 14 million Brazilians are out of work. And that's just where the worries begin. President Michel Temer faces new corruption allegations while Brazil's biggest companies are paying the largest corruption fines in the world.  5. Uh, oh OPEC: U.S. could smash 1970 record The U.S. shale oil boom is recovering from the crash faster than almost anyone imagined, OPEC included. OPEC's decision in late 2014 to pump oil at high levels sent prices plunging and knocked dozens of U.S. drillers into bankruptcy. But now shale is coming back stronger than before, especially in the Permian Basin of West Texas. Rystad Energy is even predicting the U.S. could ramp up to 10 million barrels a day later this year, breaking a record set in 1970. 6. Quick Takes: Russia bank CEO: Investigations could complicate U.S.-Russia ties for years Nobody is sure how China's new cybersecurity law works As U.S. steps back, China and Europe are ready to move forward Stay tuned: Trump's decision on the Paris deal could hit energy jobs Big banks, facing a quiet stretch, aren't getting a boost from Trump 7. What's next: Jobs, jobs, jobs: The highlight of the week is coming at 8:30 a.m. ET on Friday when the government releases the May jobs report. Economists surveyed by CNNMoney believe the U.S. created 179,00 jobs. A solid report will likely clear the way for the Federal Reserve to raise interest rates later this month. Deeper trade gap? Trump has seized on America's trade deficit as a serious problem, especially with nations like China and Germany. An update is coming at 8:30 a.m. ET on Friday and economists think the U.S. trade gap grew in April. Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com Share Tweet Forward Sign up for CNN Money's morning markets newsletter: Before the Bell Sign up for CNN Money's closing markets newsletter: Markets Now Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved. You're receiving this newsletter because you opted in at cnn.com or cnnmoney.com. Our mailing address is: Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved. One CNN Center Atlanta, GA 30303 Add us to your address book unsubscribe from this list    update subscription preferences