Trump and Melania tested positive for Covid. After yesterdays 150 points gain on Nasdaq; today, futures, Gold, Crude and Bitcoin fell under pressure. However, 661k new jobs were added in Sep decreasing the unemployment rate from 8.2% to 7.9%.
Tesla's sale rose 44% from a year ago as global demand increased; planning to enter Indian market. Amazon announced, 20k of its employees tested positive for Covid. Walmart sold its British chain Asda for $8.8 billion. Greenbriar investing $500 million in Uber's logistic units.
Airlines, cruise lines and oil are the major industries hit after Trump's Covid results were reported.
I believe there was a request to have Trump and Biden to take Covid test prior to their first debate (Trump was pushing the idea for Biden to take the test). The timing of this result looks and feel odd to me. Perhaps they knew the results on the debate night and decided to announce it today (or maybe even way earlier, like when Trump announced the vaccine will be ready sooner than expected). Maybe, and this is my speculation, Trump needed this momentum to increase his chances of the upcoming election. How? I think he will be one of the first public subjects of the early Covid vaccine, to show off his "achievement"!
Let me know what you think.
Keep smiling and stay charitable.
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