Equites are higher over the optimism that the stimulus deal may still be in play before the election. Major markets in the US went deeper into green during pre-market, including tech, gold, crude and Bitcoin. However, the number of jobless claims filed for the first time went up by 3k.
Despite Trump's announcement regarding no more talks on stimulus until after the election, Pelosi is chasing a deal for airline industries which bumped their stocks by 3.5%.
Trump hails Regeneron's treatment cocktail as a cure.
We are in a tough economic situation with a pandemic on our back in 2020. However, since 1928, there has been lots of bad situations happening. Wars, bubbles, natural disasters, financial crisis and etc; which has of course impacted the stock market and the economy. But the intresting common theme in all these events was the fact that people wanted a better life which included better services. This has been one of the important factors as a resilience towards a bullish force that has driven the market higher.
McDonald's sale increased in the third quarter as drive-thru orders surged. Dominos Pizza on the other hand, reported smaller profit than expected due to Covid related costs.
Harris and Pence had a much more civil debate last night. Harris debated the President's handling of the pandemic with US deaths per capita being one of the highest among developed countries.
Trump's administration is planning yet another set of restrictions this time on Ant and Tencent claiming national security threat over digital payment.
Ontario, state of New York and province of Quebec are pursuing a change to daylight saving in order to make the entire year to take advantage of the timing. This is a effort to help small business, because according to the studies people tend to shop more after work when there is daylight.
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