Written by Gary
Here’s a list of markets that will be closed Today, Sept. 7, 2020 for the U.S. Labor Day holiday.
New York Stock Exchange
Nasdaq
U.S. Treasury and other U.S., U.K. and Japanese bond markets
Here is the current market situation from CNN Money | |
 | European markets are sharply higher today with shares in London leading the region. The FTSE 100 is up 1.35% while Germany’s DAX is up 1.26% and France’s CAC 40 is up 1.07%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | Coronavirus updates: NY keeps infection rate below 1%; Labor Day weekend sets stage for pandemic’s fall phaseThe coronavirus has infected more than 26.3 million people around the world so far, killing at least 869,300 people. |
| ‘Mulan’ is cinematic eye candy that makes up for a weak script, critics sayCritics, who speak highly of the visually stunning film, were quick to note that “Mulan” would have been eye candy for viewers on a big screen. Countries without Disney+ will get the chance to see the film in theaters. |
| Key coronavirus forecast predicts over 410,000 total U.S. deaths by Jan. 1: ‘The worst is yet to come’“We are facing the prospect of a deadly December,” Dr. Christopher Murray, director of IHME, said in a statement. |
| Jeep punches above its weight with $100,000 Grand Wagoneer SUVJeep aims to punch above its weight with the arrival next year of the Grand Wagoneer, a vehicle that will top $100,000 when fully loaded and bring the brand into the highly profitable large SUV segment. |
| Closure of Hilton Times Square may be ‘tip of the iceberg’ of troubles facing New York hotelsIn New York City alone, 34% of hotels are delinquent, and hospitality investment bank Robert Douglas sees more hotels at risk of closing. |
| Dangerous heat wave to hit California over weekend as wildfires still burnExcessive heat warnings are in effect as temperatures could reach between 110 and 120 degrees Fahrenheit in parts of Los Angeles on Sunday and 104 to 117 degrees in cities like Phoenix and Las Vegas. |
| Most people likely won’t get a coronavirus vaccine until the middle of 2021Whichever vaccine wins regulatory authorization, it will likely be in short supply once it’s cleared for public distribution, officials and experts warn. |
| ‘Tenet’ scores $20 million in biggest domestic opening since pandemic upended movie industryAfter months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. |
| Virgin Galactic plans next test spaceflight for Oct. 22 as it nears flying founder Richard BransonVirgin Galactic plans to conducts its next crewed spaceflight test on Oct. 22, according to documents the company filed on Tuesday. |
| Beyond work from home: Why ‘digital nomads’ think they’re the future of remote lifeSome companies adopted the ‘digital nomad’ life, where employees can be remote from anywhere, long before Covid-19. This method of WFH may be bound for mass adoption. |
| How the coronavirus pandemic helped convince grocery chains to experiment with new techLegacy grocery chains from Wegmans to Price Chopper are experimenting with new technologies to make it safer and more convenient for customers to shop. |
| U.S. considers blacklisting China’s largest chipmaker as tech tensions escalateThe Trump administration’s move is part of a continued effort to put pressure on China’s technology firms and marks a major escalation in the tech battle between the U.S. and China. |
| Mulan debut allows Disney to ‘flex’ its muscle,’ trader says. Here’s whyDisney released Mulan on its Disney+ streaming service ahead of the long weekend, and traders say it could give the stock a real boost. |
| ‘Bubonic Plague Warning’ Issued In Lake Tahoe After Fleas Test Positive‘Bubonic Plague Warning’ Issued In Lake Tahoe After Fleas Test Positive Tyler Durden Mon, 09/07/2020 – 06:45 After new cases of the bubonic plague were found in Los Angeles, Colorado, and in Mongolia near the Russian border this summer, it appears the infamous plague strain responsible for killing tens of millions of Europeans during the 14th Century continues to surface, this time, in South Lake Tahoe, California. The US Forest Service, Lake Tahoe Basin Management Unit, issued a “plague warning” on Thur. (Sept. 3) ahead of Labor Day weekend, informing the public that fleas in the area tested positive for the bubonic plague. “Visitors should take the following precautions when visiting areas where active Bubonic Plague has been found. Remember to stay on trails, and if you must bring your pet, keep them on a short leash and do not let them investigate rodent burrows,” the Forest Service wrote in a recent Facebo … |
| France Again Being Forced To Stimulate Is Bad NewsFrance Again Being Forced To Stimulate Is Bad News Tyler Durden Mon, 09/07/2020 – 06:00 Authored by Bruce Wilds via Advancing Time blog, On Thursday the French government rolled out a new stimulus plan. The fact France is again forced to stimulate its economy should be viewed as bad news. The move reflects the reality that all is not well and things are getting worse. France is facing one of Europe’s worst recessions and its deepest since World War Two. France is looking at posting an 11% drop in GDP 2020. This follows a 13.8% second-quarter contraction that coincided with the covid-19 lock-down. This is seen as an attempt to bolster French President Emmanuel Macron’s re-election prospects. Macron is not loved by many of the French people and the “Yellow Vest” protesters that have marched against his policies are proof of this. If France moves back to the right support for a stronger Euro-zone government body will take a big hit. |
| A Record 52% Of Millennials Now Live With Their Parents, Highest Since Great DepressionA Record 52% Of Millennials Now Live With Their Parents, Highest Since Great Depression Tyler Durden Mon, 09/07/2020 – 05:15 Wall Street and the Trump administration have been in no rush to acknowledge the deep economic scarring from the virus-induced downturn that is set to prolong the recovery well into 2021. Readers, by now, understand the probabilities of a “V-shaped” recovery for the real economy for the remainder of 2020 are quickly fading. Stories of permanent job loss and the collapse of small businesses are gaining traction in the mainstream press in Sept. as the stock market rolls over. Another dose of economic reality could stun Americans as the total number of young adults living at home has just surpassed levels not seen since the 1930s Great Depression. A new report via Pew Research Center explains a record amount of young folks have moved back home because the virus pandemic has crippled their finances. As of July, 52% of millennials were living at home, … |
| Either Russians Are The Dumbest Idiots On Earth, Or…Either Russians Are The Dumbest Idiots On Earth, Or… Tyler Durden Mon, 09/07/2020 – 04:30 (Satirically) via The Saker, Russians are dumb. Hopelessly stupid. They are amateurs of the worst kind. Ignoramuses on steroids. Why? Well, for one, their so-called super-dooper biowarfare agent œNovichok seems unable to kill anybody. The Russians must have realized that. This is why, when they tried to kill Skripal (after freeing him from jail) they put that Novichok thing all over the place: on the bench near Salisbury, on Skripal’s door handle, even in some bottle of perfume a local addict found in the trash. Probably all over the Skripal home, and this is why the Brits initially said that they would tear down the extremely toxic place (yet both the Skripal cat and their hamster survived ” tells you how utterly useless that pretend biowarfare substance really was ¦). One would have thought that after this total cluster-bleep the Russians would have learned their lesson. But no. They are clearly too dumb for that. So they decided to poison Alexei Navalnyi, a well-know œdissident . And they failed. Again! |
| Extend furlough scheme ‘or risk second wave of job cuts’Business groups warn of large scale cuts if the job retention scheme is not extended after October. |
| Wedding firm forced by watchdog to increase refundsBijou Weddings will pay back more to couples whose weddings were cancelled under lockdown. |
| Primark post-lockdown sales head for £2bnOwner AB Foods says the High Street chain’s sales since reopening have been stronger than expected. |
| One-day session of Delhi Assembly on Sept 14One-day session of Delhi Assembly on Sept 14In view of the COVID-19 pandemic, the session will be held with various safety measures in place, including testing of legislators and staff. |
| COVID-19: Hamdard to start trial of 2 drugsCOVID-19: Hamdard to start trial of 2 drugs The company has received all the regulatory approvals to begin the proof of concept clinical trial for its Infuza and Kulzam drugs, Hamdard Laboratories said in a statement. |
| PM must answer on strategy to control virus: CongPM must answer on strategy to control virus: CongCongress chief spokesperson Randeep Surjewala attacked the Centre, alleging that it has left the people to fend for themselves and its “indifference, ineptitude and a failed leadership” were responsible for the current situation. |
| : Asymptomatic children who contract COVID-19 may ‘shed’ coronavirus for weeksNew insights into coronavirus transmission among children shed light on the pandemic at an important time for families, communities and public-health officials. |
| As schools reopen, scientists say some children could spread COVID-19 even if they already have the antibodies‘With most viruses, when you start to detect antibodies, you won’t detect the virus anymore. But with COVID-19, we’re seeing both.’ |
| The Moneyist: ‘My brother was my best friend’: He moved into my late father’s home, changed the locks and blew through his money. Should I pursue criminal charges?‘He and his wife were in serious financial debt prior to dad’s death. When I confronted my brother he blocked me on social media, and has refused to talk to me ever since.’ |
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