Written by Gary
The BLS Job Openings and Labor Turnover Survey (JOLTS) used for job growth show that the rate of private non-farm job openings has improved (SPY +2.0%).
The Market in Perspective
| Here are the headlines moving the markets. | |
 | Cuomo allows indoor dining at NYC restaurants at 25% capacity starting Sept. 30Restaurants will be required to take customers’ temperatures at the door, enforce mask wearing and social distancing rules. |
| Sweetgreen launches online-only menu items as it pushes into digitalSweetgreen is launching new collections of meals available only through its mobile app. |
| Urban flight means home improvement and DIY trends are more than a pandemic bounce. They’re a new habitDe-urbanization could lead to long-term growth for home improvement retailers like Home Depot and Lowe’s and auto-focused retailers like Carvana and AutoZone, according to a Wells Fargo research note. |
| Democratic senators grill U.S. health officials on Trump interference in coronavirus vaccine processDuring the hearing, Sen. Elizabeth Warren, D-Mass., accused Trump of overruling scientists and pressuring the FDA into approving products based on “weak evidence.” |
| United, pilots union reach agreement to avoid close to 3,000 furloughsUnited and the union that represents its pilots have reached an agreement in principle that could avoid the furlough of close to 3,000 pilots. |
| United Airlines bets on Africa, India and Hawaii in 2021 expansionUnited is increasing its service to Africa and India next year in a bid to capture new travelers |
| Covid-19 vaccine trial participant had serious neurological symptoms, but could be discharged today, AstraZeneca CEO saysThe participant who triggered a global shutdown of AstraZeneca’s Phase 3 Covid-19 vaccine trials was a woman in the United Kingdom who experienced neurological symptoms consistent with a rare but serious spinal inflammatory disorder called transverse myelitis. |
| NIH promises Congress the U.S. won’t skip safety steps in coronavirus vaccine approvalNIH director Dr. Francis Collins said studying the safety and effectiveness of Covid-19 vaccine candidates is now the agency’s “top priority.” |
| Billionaires battle over proposed Illinois tax hike on the wealthyBillionaire hedge funder Ken Griffin is going head-to-head with the billionaire governor of Illinois over a plan to increase taxes on the wealthy. |
| Dr. Fauci says he’ll never be ‘muzzled’ in discussing coronavirus science and facts“I would never be muzzled about anything when it comes to science and evidence and the facts,” Fauci, director of the National Institute of Allergy and Infectious Diseases, said. |
| Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million dealThe bankrupt department store chain J.C. Penney is expected to be rescued by its landlords, mall owners Simon and Brookfield. |
| Major League Baseball in the final stages of postseason bubble plans with World Series in TexasAccording to people familiar with Major League Baseball’s postseason bubble plans, clubs will compete in California and Texas in five ballparks. |
| UPS chief Carol Tome’s first 100 days dominated by pandemic surge and preparations for vaccine shippingTome, CEO since June, told CNBC that preparing for vaccine distribution and her first holiday peak shipping season top her 2020 agenda. |
| Stocks Bounce Off Critical Support After Fastest ‘Correction’ From Record High In HistoryStocks Bounce Off Critical Support After Fastest ‘Correction’ From Record High In History Tyler Durden Wed, 09/09/2020 – 16:00 What goes down, must come back with a vengeance in this new normal and so stocks did, but Nasdaq is still down 8% from highs… |
| Surreal Photos As San Francisco Sky Turns Orange Due To Wildfire Smoke And AshSurreal Photos As San Francisco Sky Turns Orange Due To Wildfire Smoke And Ash Tyler Durden Wed, 09/09/2020 – 15:46 Eerie, dark orange clouds enveloped San Francisco and the Bay Area on Wednesday as a result of nearby wildfire smoke entering the atmosphere. Stunning photos were posted by SF Gate on Wednesday showing what looks like a Martian sky, which was yellow on Tuesday, but darkened in color overnight to orange as a result of smoke being pushed inland off the Pacific Ocean. |
| An Open Letter On Political Discourse To Facebook ‘Friends’An Open Letter On Political Discourse To Facebook ‘Friends’ Tyler Durden Wed, 09/09/2020 – 15:30 Authored by Robert Graboyes via InsideSources.com, As Election Day draws nigh, here are a few thoughts. Hoping you won’t be offended. I treasure my Facebook friends. In this awful time of social isolation, you’ve been my lifeline to humanity. That goes for my friends who are Democrats, those who are Republicans, and those who are independents or otherwise aligned. I don’t care whom you plan to vote for. I don’t care which politicians you like or dislike. I do care what you do with those sentiments on Facebook. Though I’m slow to act, at times, posts by friends (of varying political persuasions) have led me to mute them or, on rare occasion, to unfriend them. If you deeply admire Joe Biden and Kamala Harris and wish to share your positive thoughts on their contributions, past and future, that’s fine. If you want to do the same for Donald Trump and Mike Pence, go for it. I do wonder why anyone bothers to post such things on Facebook, since everyone you know already has intensely strong views on Biden, Trump, Harris and Pence ” and virtually nothing you say wi … |
| One Doctor’s Own Practice Charged Him $10,984 For A COVID Antibody TestOne Doctor’s Own Practice Charged Him $10,984 For A COVID Antibody Test Tyler Durden Wed, 09/09/2020 – 15:15 One doctor in Austin literally got a taste of his own medicine after going to his own practice to get a Covid antibody test. Assuming he would get one for free because he worked for the company, his insurance instead wound up getting a bill from Physicians Premier ER for $10,984. His insurance paid it all. But the doctor in question, Dr. Zachary Sussman, became so dismayed, he quit his job, according to ProPublica. Now, the parent company of Sussman’s insurer is investigating the case. Sussman was working part time at four Physicians Premier ER centers, making $4,000 per month to oversee antibody testing. The job was a temporary gig between permanent jobs in Austin and New Mexico. He decided he wanted to take his own test in May, before visiting his family, because he had developed a headache. He went to his own company for a test and, knowing “the materials for each antibody test only amounted to about $8, and it gets read on the spot ” - and that he could even administer the test, figured costs would be minimal. |
| LVMH scraps Tiffany takeover citing tariff fightThe French luxury goods giant had planned to buy the US-based jeweller for more than $16bn. |
| Local lockdown business grants ‘not enough’, says lobby groupFirms forced to close will get cash grants, but the British Chambers of Commerce says more help is needed. |
| Lloyds Bank and Pizza Hut cut more than 1,000 jobsThe bank will cut 865 jobs, while the pizza chain shuts 29 restaurants and closes 450 roles. |
| Can shampoo sachets fix India’s battered banks?Can shampoo sachets fix India’s battered banks?In the present times, as COVID-19 is likely to have an impact on buffers, many of the private sector banks have already raised capital but most of the PSBs are yet to move on and there is speculation of re-privatising some of the PSBs. |
| Has RIL just got a trigger for next leg of rally?Has RIL just got a trigger for next leg of rally?For investors, it will be crucial to watch the efficiency with which RIL’s retail business takes advantage of its digital platform to enrich customer experience by building a strong e-commerce channel. A success on this front would go a long way in developing a sticky retail customer base. |
| India trials of Oxford vaccine is still onIndia trials of Oxford vaccine is still onLast month, the Drug Controller General of India had granted permission to the Pune-based SII to conduct Phase-II and -III human clinical trials of the coronavirus vaccine candidate developed by Oxford University and British-Swedish pharmaceutical firm AstraZeneca. |
| July 2020 Headline JOLTS Job Openings Improved But Remains In ContractionWritten by Steven Hansen The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future job growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings improved but remains in contraction.
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| How Black doctors are answering the call to reform medical education ” and bringing COVID-19 vaccine trials to communities of colorPatients of color have been ignored in medical textbooks for decades. Black doctors and students say the restructuring of the curriculum is necessary to change the culture of medicine in the classroom ” and the examination room. |
| : U.S. corporate bankruptcy filings at 10 year high as COVID-19 pandemic inflicts economic painU.S. corporate bankruptcies are on their way to hitting a decade long high, underlining the economic pain inflicted by the COVID-19 pandemic and efforts to limit the disease’s spread. |
| : Homeland Security whistle-blower says he was pressured to alter intelligence on Russia and white supremacists to match Trump preferencesAn official at the Department of Homeland Security says he was pressured by agency leaders to suppress details in his intelligence reports that President Donald Trump might find objectionable, including intelligence on Russian interference in the election and the threat posed by white supremacists. |
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