Update: Saudi Arabia considers cancelling the Hajj

Activists angry at Brazil's response to Covid-19 have created 100 graves on Rio's Copacabana beach to remember the more than 40,000 people who have died. Brazil has the world's second-highest number of cases - and the third-highest number of deaths in the world. Professor Anthony Pereira of University of London explains how the economy has been hit by the combination of the lockdown and the virus itself. Saudi Arabia is close to announcing whether the Hajj pilgrimage will be cancelled amid the coronavirus pandemic. Some two million people were expected to travel to Mecca and Medina this July and August for the annual gathering. The BBC’s Mohamed El Assar explains what impact this could have on the Saudi Kingdom. And Chris Low of FHN Financial in New York rounds out the week with a look at the US markets.