Written by Gary
Stocks power higher as deal activity picks up (SPY +1.3%). Tech shares push Nasdaq to a 1.9% advance, but relatively low green volume.
The Market in Perspective
| Here are the headlines moving the markets. | |
 | Here’s what to expect from Kraft Heinz’s investor meetingThe coronavirus pandemic has revived Kraft Heinz’s sales just as it prepares to unveil its turnaround strategy. |
| In Photos: Oregon wildfires devastate communities as fires rage onA week after wildfires began consuming thousands of acres of land in Oregon, firefighters are still working to contain some of the most destructive blazes in the state’s history. |
| Macy’s unveils plans for televised-only Thanksgiving Day Parade, scraps parade routeNew York City will host this year’s Macy’s Thanksgiving Day Parade, though the celebration will “not be the same parade we’re used to,” Mayor Bill de Blasio said on Monday. |
| New York Sports Club owner files for bankruptcy, with gyms hit by pandemicNew York Sports Club owner Town Sports International filed for Chapter 11 bankruptcy Monday, with many gyms nationwide still shut because of the Covid pandemic. |
| PepsiCo to launch drink to aid sleep as consumers struggle with stressPepsiCo is launching a new enhanced water drink called Driftwell. |
| Beyond Meat is launching meat-free meatballs in grocery storesBeyond Meat is bringing its plant-based meatballs to grocery stores nationwide. |
| Gilead CEO: We’re studying new ways to treat coronavirus with remdesivir outside of the hospital“We want to follow the science here. We don’t to get ahead of it,” Gilead Sciences CEO Daniel O’Day told CNBC on Monday. |
| Nikola rebuts fraud claims but acknowledges that its truck wasn’t driving itselfThe company said there were “dozens” of inaccurate allegations in a report by a short-selling firm. |
| Holiday travel bookings lag, but trend toward last-minute trips might helpAdvance bookings for the winter holidays are down by double digits as of mid-September, but a trend toward last-minute trips and more generous terms from hosts and airlines might help mitigate an otherwise gloomy travel and tourism season. |
| DraftKings surges after announcing ESPN dealShares of DraftKings jumped after the company announced a partnership with ESPN. |
| General Motors to unveil Hummer EV pickup with ‘crab mode’ in OctoberThe Hummer EV pickup is expected to be the first to market with the automaker’s next-generation Ultium battery system. It will be unveiled online Oct. 20. |
| Tesla shares jump more than 12% amid tech rebound, Goldman commentsShares of Tesla moved higher on Monday, amid a broad rally in the technology sector. |
| Stocks making the biggest moves midday: Oracle, Nvidia, Immunomedics, Overstock & moreOracle, Nvidia and Immunomedics were all up on dealmaking news. Overstock got a boost after an analyst upgrade. |
| Small Caps, Big-Tech, & Bullion Bounce As Dollar DivesSmall Caps, Big-Tech, & Bullion Bounce As Dollar Dives Tyler Durden Mon, 09/14/2020 – 16:03 The ‘Rick Astley’ market is back… “Never gonna let you down”… Another day, another short-squeeze (“most shorted” stocks rose 3% on the day, erasing the losses from Thursday and Friday)… |
| Fauci: “I Have To Disagree” With Trump On COVID “Rounding The Corner”Fauci: “I Have To Disagree” With Trump On COVID “Rounding The Corner” Tyler Durden Mon, 09/14/2020 – 15:35 Authored by Michael Nadler via AmericanThinker.com, American Thinker has run several articles like this one about Dr. Anthony Fauci’s political bias (which is his right).  But the Miami Herald published an article that was aimed at undermining President Trump, which actually contains compelling evidence that Fauci’s bias or ignorance is affecting what he is telling the American people about Covid-19.  In the article, Dr. Fauci: ‘I have to disagree’ with Trump on coronavirus, the author writes:
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| Robinhooders Discover 3x Levered ETFsRobinhooders Discover 3x Levered ETFs Tyler Durden Mon, 09/14/2020 – 15:35 There was a bit of consternation last week when, in the aftermath of the brief Nasdaq 10% correction, the Nasdaq ETF, the QQQ, suffered its biggest weekly outflow on record, prompting fears that last week’s tech slump was just the beginning. |
| Arabica Coffee Prices Crash Most In Decade As Hedge Funds Caught By Change In WeatherArabica Coffee Prices Crash Most In Decade As Hedge Funds Caught By Change In Weather Tyler Durden Mon, 09/14/2020 – 15:25 Arabica coffee rallied over the summer as a weaker dollar and dryer conditions in South America outweighed the abundance in supply and weak demand, caused by the virus pandemic, which resulted in prices, slumping to a near 15-year low earlier in the year. Now prices are tumbling from eight-month highs, as ICE December arabica coffee KCc2 contracts plunged 8% Monday, to a low of $1.219 per pound, the most significant daily drop in ten years, following a change in the weather forecast for Brazil. |
| Daimler to pay $1.5bn over emissions cheat claims in USThe deal concludes a four-year investigation of the firm in the United States. |
| TikTok: Oracle confirms being picked by Bytedance to be app’s partnerThe American database specialist says a tie-up plan has been submitted to the US government. |
| No-deal Brexit and Covid threaten ‘double whammy’ for car industryA no-deal Brexit could cost UK and European car makers £100bn, trade groups have warned. |
| How the vaccine effort influences the US pollsHow the vaccine effort influences the US pollsThe November 3 election certainly is an important factor to the ‘race for a Covid vaccine’. |
| What global innovation ranking means for IndiaWhat global innovation ranking means for IndiaThe growth of a $190 billion-plus knowledge-based export services economy in the IT-ITeS sector points to thedepth of India’s entrepreneurial and human capital. This is also reflected in India’s ranking 12th in the number ofscience and engineering graduates in the world, and 16th in the list of R&D intensive global companies. |
| COVID: UK trials new antibody cocktail treatmentCOVID: UK trials new antibody cocktail treatmentAs part of the government-backed Randomised Evaluation of COVid-19 thERapY (RECOVERY) Trials, monoclonal antibodies, or potent laboratory-made antibodies, will be given to about 2,000 patients in the coming weeks to see if they are effective against coronavirus. |
| Trump Today: Trump spars with California official on wildfires and climate change: ‘It’ll start getting cooler’President Donald Trump on Monday gets briefed on wildfires raging in the West as he visits the Sacramento, Calif., area. |
| : Massive chunk of Greenland’s ice cap breaks offAn enormous chunk of Greenland’s ice cap has broken off in the far northeastern Arctic, a development that scientists say is evidence of rapid climate change. |
| CityWatch: Macy’s Thanksgiving Day Parade to go virtual this yearThe show will go on without the usual throngs of spectators, pretaped and with the giant balloons rigged to vehicles. |
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