Written by Gary
Stocks making the biggest moves premarket: Marriott, Eastman Kodak, Twitter, and FedEx (SPY +0.1%).
Here is the current market situation from CNN Money | |
 | European markets are higher today with shares in France leading the region. The CAC 40 is up 0.41% while London’s FTSE 100 is up 0.33% and Germany’s DAX is up 0.17%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | ‘We’d all be sitting in our favorite theaters’: Dire outlook for cinemas as coronavirus resurges in U.S.American studios have had to make tough decisions about film releases due to resurgences of coronavirus cases in the U.S. |
| These restaurant chains cut menu items during the pandemicRestaurant chains slimmed down their menus during the coronavirus pandemic to smooth operations, but some of those changes might become permanent. |
| Parents look to private schools for in-person instruction as school districts announce online startsAs more schools announce online starts for fall amid the coronavirus pandemic, parents are looking to private schools for face-to-face instruction. |
| Last call: Governors roll back hours instead of reopenings as bars take blame for coronavirus surge“Last call” orders to maintain public health in restaurants and bars will hurt establishments financially and won’t help to solve the problem, owners say. |
| Dr. Anthony Fauci says chance of coronavirus vaccine being highly effective is ‘not great’Scientists are hoping for a coronavirus vaccine that is at least 75% effective, but 50% or 60% effective would be acceptable, too, Dr. Anthony Fauci said. |
| Op-ed: Here’s how to prepare an investment plan for a Trump or Biden presidencyEvery four years, as we approach the U.S. presidential election, we reflect on the wide-ranging implications of each potential outcome. Financial planning for the election requires careful attention to the plans of each candidate, as well as a thoughtful strategy for anticipating their consequences. |
| ‘Vast’ gap in funding needed to fight the coronavirus, WHO warnsThe head of the World Health Organization warned Monday of a huge gap in funding to help fight the coronavirus pandemic. |
| 5 things to know before the stock market opens MondayU.S. stock futures pointed to a flat open Monday as traders tried to build on the solid gains from the previous week. |
| Stocks making the biggest moves premarket: Marriott, Eastman Kodak, Twitter, FedEx & moreThese are the stocks posting the largest moves before the bell. |
| Coronavirus live updates: Bill Gates says U.S. has ‘mind-blowing’ testing problemsThe coronavirus has infected more than 19.8 million people across the world as of Monday, killing at least 731,500 people. |
| Small business confidence rebounds from all-time low, but Main Street still has a long way to goSmall business confidence rose from an all-time low hit during coronavirus lockdowns, but on Main Street, the revenue, hiring and general business outlook remains mixed: CNBC|SurveyMonkey Q3 Small Business Survey. |
| It has ‘never been easier to make money’ on small and midcaps, JPMorgan strategist saysWith one in every five small and midcap stocks still down more than 30% since the beginning of the coronavirus crisis, it has “never been easier to make money,” according to JPMorgan’s Eduardo Lecubarri. |
| German firms expect coronavirus restrictions to last until AprilGerman businesses expect coronavirus restrictions on public life to continue for another 8.5 months on average, according to the closely-followed Ifo institute. |
| Indonesia’s Mt. Sinabung Ejects Massive Column Of Ash Into Sky ÂIndonesia’s Mt. Sinabung Ejects Massive Column Of Ash Into Sky  Tyler Durden Mon, 08/10/2020 – 08:33 Mount Sinabung in Indonesia erupted Monday, sending a column of volcanic ash more than 16,000 feet into the sky and dumped debris on nearby towns. |
| Wearing Masks Outdoors Now Mandatory In Paris As WHO Warns “Majority Of World Still Susceptible” To COVID-19: Live UpdatesWearing Masks Outdoors Now Mandatory In Paris As WHO Warns “Majority Of World Still Susceptible” To COVID-19: Live Updates Tyler Durden Mon, 08/10/2020 – 08:24 Summary: World on the cusp of 20 million confirmed COVID cases Paris mandatory outdoor mask rules take effect WHO warns “majority of world still susceptible” to COVID Germany warns of “alarming” rise in new cases Former Indian president tests positive Situation in Pakistan improves as lockdowns ease Lebanon suffers worst jump in infections yet * * * As global confirmed COVID-19 cases near 20 million (with potentially millions more that were never catalogued), an uptick in new cases has inspired Paris officials to impose dramatic new restrictions involving mandatory mask wearing. Masks must now be worn in public, even outdoors. The order was announced over the weekend. it applies to people aged 11 and over, and covers busy outdoor areas in the French capital and more than 1 … |
| Blain: “The Brutal Reality Of Slowdown Is Becoming Clearer”Blain: “The Brutal Reality Of Slowdown Is Becoming Clearer” Tyler Durden Mon, 08/10/2020 – 08:11 Authored by Bill Blain via MorningPorridge.com, Who Pulled the Plug? œUnnervingly coherent and laughably mindless This morning’s opening quote isn’t an independent assessment of the Morning Porridge ” but is lifted from a newspaper article on Artificial Intelligence. Â It ends on a very scary tag: the AI is asked if it is conscious and responds:
This is not from some dystopian novel or a reboot of the Terminator series ¦ but from the this morning’s FT! Should we pull the plug or ask it some more questions? … |
| Futures Shrug Off Latest China Sanctions, Approach All Time HighsFutures Shrug Off Latest China Sanctions, Approach All Time Highs Tyler Durden Mon, 08/10/2020 – 08:03 S&P futures edged higher with European stocks, and approached all time highs after President Donald Trump signed 4 executive orders to maintain some assistance, including for unemployment benefits, a temporary payroll tax deferral, eviction protection and student-loan relief, in doing so bolstering investor enthusiasm and helping market shrug off a brief wobble after China announced token sanctions against 11 US politicians over Hong Kong but no members of Trump’s cabinet. |
| Lockdown home worker: ‘Artificial office noise helps me concentrate’People are turning to artificial office noise to help them while working from home during lockdown. |
| ‘It will break my heart to have to walk away’Why has the number of self-employed people started to fall? |
| One in three UK firms ‘expect to make redundancies’Research suggests a third of UK organisations plan job cuts, a 50% increase on three months ago. |
| 327 things Modi can do to make India next China327 things Modi can do to make India next China Just 327 products ” ranging from mobile phones and telecom equipment to cameras, solar panels, air-conditioners and penicillin ” accounted for nearly three-fourths of the imports from China, a study has estimated. The study points out that it is possible to find alternative sources to get these goods or manufacture them in India. The study, which shared with TOI, finds China was not the most competitive producer. |
| Baba Ramdev is padding up for the IPLBaba Ramdev is padding up for the IPLMarket watchers said while Patanjali comes with the rub-off of being a staunch nationalistic brand replacing a Chinese one, it lacks the star power of a multinational or a heavily-invested unicorn brand. |
| No. of people infected to hit 20mn this week: WHONo. of people infected to hit 20mn this week: WHOWHO’s chief predicted that the number of people infected by the coronavirus will hit 20 million this week, including about 750,000 deaths. |
| These indicators show why investors shrugged off corona fears to embrace economic recoveryInvestors are becoming more confident about the continuing economic recovery, ignoring fears that new spikes of the coronavirus pandemic throughout the continent might prompt a return to partial or total lockdowns. |
| China flexes its muscles in Hong Kong with arrest of pro-democracy media tycoon Jimmy LaiThis is the first high-profile arrest under the new national security law forced upon the territory by Beijing to quell pro-democracy demonstrations. |
| Bond Report: Treasury yields hold steady after Trump issues stimulus executive orderU.S. Treasury yields mostly see steady trade early Monday after the Trump administration signed an executive order aimed at giving relief to households stricken by the coronavirus crisis |
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