21Sep2020 Market Close: Global Shares Fall As Lockdown Fears Hit Leisure Sector, DOW Closes Down 510 Points, Nasdaq Closes Down -0.1%, WTI Crude Settles At 39.66, Gold Remains Weak 1912. Can We Answer Why The Market Is Declining?

CDC says it erroneously posted guidance that said coronavirus spreads through air and travels beyond 6 feet

“A draft version of proposed changes to these recommendations was posted in error to the agency’s official website,” the CDC said.

Primetime Emmy awards show ratings drop to all-time low

In early estimates from Nielsen Monday, it appears the 72nd Annual Primetime Emmy Awards saw the lowest viewership in the Television Academy’s history, drawing only 5.1 million total viewers.

Nikola shares open at lowest price since its public debut after company founder Trevor Milton resigns

Stephen Girsky, a former vice chairman ofA General MotorsA and a member of Nikola’s board, has been appointed chairman of the board, effective immediately.

Trump’s coronavirus vaccine czar says U.S. could immunize ‘most susceptible’ Americans by December

The U.S. could also immunize “most of the elderly” and health-care workers in January 2021,A said Dr. Moncef Slaoui, who is leading the Trump administration’s Operation Warp Speed, said.

Movie theater stocks tank after yet another disappointing weekend at the domestic box office

On Monday, shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office.

Biden’s capital gains tax hike could spark a big sell-off in stocks. Here’s what that means for the market

As part of his $4 trillion tax plan, Biden has proposed increasing the top tax rate for capital gains for the highest earners to 39.6% from 23.8%, the largest real increase in capital gains rates in history.

Not trusting the FDA, Black doctors’ group creates panel to vet Covid-19 vaccines

The committee is meant to safeguard against any unscientific guidance from the Centers for Disease Control and Prevention and the Food and Drug Administration, STAT News reports.

Walmart expands fashion focus with new private clothing label for men and women

With the coronavirus pandemic and recession, Walmart has a new opportunity to grab market share from apparel retailers.

‘Schitt’s Creek’ has record-setting Emmy sweep, while HBO scores big with ‘Watchmen,’ ‘Succession’

HBO and Pop TV with the biggest winners of this year’s primetime Emmy Awards.

Watch live: The World Health Organization holds a press briefing on the coronavirus pandemic

The coronavirus has infected more than 31 million people worldwide and killed at least 961,200 people, according to data compiled by Johns Hopkins University.

Stocks making the biggest moves midday: Nikola, JPMorgan Chase, Roku, Apple, Delta & more

Nikola shares plunge after its founder reigns. Oracle and Walmart buck the market’s negative trend.

Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plunges

The announcement comes after short-selling firm Hindenburg Research accused Nikola of fraud. The company pushed back on the accusations, saying there were “dozens” of inaccurate allegations in the report.

Coronavirus hit to fashion industry is ‘incredibly concerning,’ British Fashion Council Chairman says

British Fashion Council Chairman Stephanie Phair says now is the time for designer businesses to think about how they can “rebuild on better foundations.”

‘Bad’ Banks, Bader Ginsburg, And Limey Lockdowns Slam Stocks & Silver, USD Soars

‘Bad’ Banks, Bader Ginsburg, And Limey Lockdowns Slam Stocks & Silver, USD Soars Tyler Durden Mon, 09/21/2020 – 16:00

RBG’s death ramps up election, and thus stimulus, uncertainty to ’11’; blowback from the FinCEN leaks on the world’s biggest banks did nothing to comfort investors; and the resurgence of COVID across various European nations (and increasing chatter of lockdowns) was the cherry on the top of today’s derisking. Thanks to the magic of post-EU close dip-buying, Nasdaq – rather shockingly – managed to get back to green (up 2% in 70 minutes on nothing)!!!!!

Furious Mayors Of New York, Seattle And Portland Respond To Trump’s “Anarchy” Designation

Furious Mayors Of New York, Seattle And Portland Respond To Trump’s “Anarchy” Designation Tyler Durden Mon, 09/21/2020 – 15:43

Update (1534ET): Mayors of the three cities targeted by AG Barr’s order have released a joint statement blasting the Trump Administration’s label of “anarchist” cities.

The cities’ mayors – Bill de Blasio of New York, Ted Wheeler of Portland and Jenny Durkan of Seattle – rejected the threat as “thoroughly political and unconstitutional.”

“The President is playing cheap political games with Congressionally directed funds,” they wrote in a joint statement. “Our cities are bringing communities together; our cities are pushing forward after fighting back a pandemic and facing the worst financial crisis since the Great Depression, all despite recklessness and partisanship from the White House.”

Barr accused the mayors of endangering the lives of innocent citizens by treating the vandals and criminals mixed in with the ‘peaceful protesters’ far too gently.

“When state and local leaders impede their own law enforcement officers and agencies from doing their jobs, it endangers innocent citizens who deserve to be protected, including those who are trying to peacefully assemble and protest,” Barr said in the release. “We cannot a …

“Paper Gold No Longer As Important” – BofA Finds Physical Demand Now Key To Gold Prices

“Paper Gold No Longer As Important” – BofA Finds Physical Demand Now Key To Gold Prices Tyler Durden Mon, 09/21/2020 – 15:41

On a day where real yields are spiking, seemingly sparking a degrossing in gold futures, we found it rather noptable that BofA’s Global Commodities Research team publish a note highlighting the fact that recent flow data suggests thatA paper gold is no longer as importantA as it used to be.

After Botched Rollout, Hollywood-Backed Quibi Reportedly Weighs ‘SPAC’-Backed Offering

After Botched Rollout, Hollywood-Backed Quibi Reportedly Weighs ‘SPAC’-Backed Offering Tyler Durden Mon, 09/21/2020 – 15:25

By failing to score even a single hit show, Quibi, the streaming service conceived and run by Jeffrey Katzenberg and Meg Whitman, has managed to squander $2 billion in start-up capitalA in just a couple of quarters. With subscription revenue well below where its founders had hoped, the company is reportedly exploring “strategic” options, including a sale.

And in an amusing twist that ties together two of 2020’s business-press punchlines, Quibi is considering raising more money, or going public via a merger with a SPAC – those “blank check” companies that have become so popular this year. It’s just the latest installment in a trend we’re calling “peak SPAC”.

GE: Industrial giant will stop building coal-fired power plants

In a dramatic reversal, one of the world’s biggest makers of coal-fired plants will exit the market.

Airbus looks to the future with hydrogen planes

The aerospace giant said its hydrogen-fuelled passenger planes could be in service by 2035.

Global shares fall as lockdown fears hit leisure sector

Shares in the US and Europe fall sharply but supermarkets and food delivery firms buck the trend.

ByteDance can’t control TikTok-Oracle deal: Trump

ByteDance can’t control TikTok-Oracle deal: Trump Shortly after Trump’s comments, Hu Xijin, editor-in-chief of the China state-affiliated Global Times, tweeted that Beijing would likely reject the deal because the agreement would endanger China’s national security, interests and dignity. �

India Inc welcomes new labour laws

India Inc welcomes new labour lawsThe government introduced three separate labour codes ” on industrial relations, occupational safety and health, and social security — in the Lok Sabha on Saturday, proposing significant changes to make them less rigid for industry, while strengthening the safety net of workers.

Why it makes sense to diversify investing style now

Why it makes sense to diversify investing style nowThe problem starts when we become slightly successful in our style of investing. Due to our ego, we tend to believe our way of investing is the best and others are sub-par. And then, we look for confirmation from the external world.

Market Extra: Investors debate whether currencies can replace role of bonds in a zero interest-rate world

Investors are debating whether to engage more actively in currency trading as government bonds offer scanty yields, raising doubts over their ability to act as safe-havens.

Key Words: Ellen DeGeneres says being known as the ‘be kind’ lady is ‘tricky’ in her embattled show’s season premiere

The daytime talk show host addressed her toxic workplace controversy in the opening monologue

Market Extra: Why the Dow is diving: Ginsburg replacement battle amplifies election jitters

Stocks are supposed to climb a wall of worry, � according to a Wall Street clichA . That wasn’t the case on Monday.