22Sep2020 Midday Update: Wall Street Struggles To Maintain Altitude After Opening With Modest Gains, DOW At 12:30 ET Down And Flat -23 Points, US Dollar Higher At 94.03, Gold Drops Below 1900, Nasdaq Up+ 0.6%

Here is the current market situation from CNN Money

North and South American markets are mixed today. The IPC is up 0.25% while the S&P 500 gains 0.22%. The Bovespa is off 0.02%.

The U.S. coronavirus death toll tops 200,000, and it’s just ‘the tip of the iceberg’

“We’re only seeing the tip of the iceberg. We’re only nine months into this pandemic,” said Dr. Syra Madad, senior director of the systemwide special pathogens program at New York City Health + Hospitals.

‘This is deeply concerning,’ ex-FDA chief Gottlieb says of CDC coronavirus guidance errors

“If it doesn’t represent the work of CDC, it shouldn’t have the CDC’s logo on it,” former FDA chief Dr. Scott Gottlieb told CNBC.

Brookfield Properties’ retail arm is laying off 20% of its workforce, as pandemic hits malls

The mall owner is slashing jobs “to align with the future scale of our portfolio,” Jared Chupaila, the CEO of Brookfield Properties’ retail group, said this week in an email to employees, which was obtained by CNBC.

Most cars are painted one of these four colors “here’s why

The vast majority of cars on the road around the world are painted in just a few colors ” white, black, gray and silver. There are reasons for that. But the colors are not as boring as it might seem.

Coronavirus vaccine won’t bring about ‘fairytale’ ending to pandemic, expert warns

As the coronavirus pandemic continues to rage around the world, a lot of hope is being placed in finding an effective and safe vaccine against Covid-19. That might be a mistake, one expert says.

NFL star DeAndre Hopkins beefs up investment portfolio with new BioSteel deal

Arizona Cardinals star DeAndre Hopkins negotiated is own football contract and now he’s focusing on his off field investments

GE plans big shift away from coal-fired power sector

The business has extensive experience in the coal industry.

Microsoft unveils Azure Orbital, competing with Amazon to connect satellites to the cloud

Microsoft will offer a new service called Azure Orbital that connects satellites directly to its cloud computing network.

Billionaire Barry Diller calls stock market ‘great speculation,’ urges everyone to save cash

“Personally, and professionally, every nickel you can, keep it … wherever it’s banked,” IAC and Expedia Chairman Barry Diller said on CNBC on Tuesday.

Op-ed: How America can help mint more million-dollar businesses amid the pandemic

With many small businesses struggling during the pandemic, the economy desperately needs more job-creating firms. The solution: prioritize access to capital, mentorship and supplier diversity.

Carvana shares surge 29% after company projects record quarter

The online marketplace for used cars said it expects record revenue in its third quarter.

5 things to know before the stock market opens Tuesday

U.S. stock futures pointed to a mixed open Tuesday, one day after a late-session turnaround cut the Dow’s nearly 1,000 point decline almost in half.

Coca-Cola will enter U.S. hard seltzer market in first half of 2021, CEO says

The beverage giant’s foray into the hard seltzer category represents the company’s consumer-centric approach to growing business, CEO James Quincey told CNBC.

Watch: Professor Lectures Students Not To Vote For “Dictator” Trump

Watch: Professor Lectures Students Not To Vote For “Dictator” Trump Tyler Durden Tue, 09/22/2020 – 11:49

Authored by Steve Watson via Summit News,

A Suffolk County Community College (SCCC) Professor was apparently caught on video lecturing students that they should not vote for President Trump in November, claiming that he is taking away fundamental rights and turning America into a œdictatorship type situation . The College has not fired the professor, only ‘reassigning’ her until an investigation is concluded.

Beijing Says “No!” To Washington’s Attempted “Robbery” Of TikTok

Beijing Says “No!” To Washington’s Attempted “Robbery” Of TikTok Tyler Durden Tue, 09/22/2020 – 11:30

In what is perhaps the most compelling sign yet that Beijing has put the kibosh on the Oracle-TikTok deal, the Global Times on Tuesday published a scathing editorial attacking President Trump for attempting a “robbery” of TikTok and violate China’s “dignity.”

The paper’s editorial writers echoed claims made in an editorial published more than six weeks ago by the People’s Daily – that Beijing would never tolerate Trump transferring majority ownership of TikTok to the US. Furthermore, as Kyle Bass explained earlier, anything that would require the company to fork over its content-recommendation algorithm is an instant deal breaker. Beijing has previously said it would rather shut down TikTok US than hand the business to the Americans.

Dollar Surges After Algos Misinterpret Evans Headline That “Fed May Raise Rates” Before 2% Inflation Hit

Dollar Surges After Algos Misinterpret Evans Headline That “Fed May Raise Rates” Before 2% Inflation Hit Tyler Durden Tue, 09/22/2020 – 11:10

In a stark example of how the market responds to any given Bloomberg headline, moments ago the dollar surged, rising to a one month high, after Chicago Fed President Charles Evans was quoted as saying that “the Fed could raise interest rates before the average 2% inflation target is reached”:

EVANS: FED COULD RAISE RATES BEFORE AVG 2% INFLATION REACHED

The immediate result was a surge in the BBDXY which jumped to the highest since August 21…

Was Monday’s Big Selloff A Plea For More Stimulus?

Was Monday’s Big Selloff A Plea For More Stimulus? Tyler Durden Tue, 09/22/2020 – 11:10

Via SchiffGold.com,

Monday (Sept. 21) looked a lot like March with everything selling off as the dollar rallied. There was a sudden burst of risk-off sentiment due to worries that a spike in coronavirus cases could lead to new economic lockdowns coupled with significant political uncertainty after the death of Supreme Court Justice Ruth Bader Ginsburg. Peter Schiff talked about the big selloff in his podcast, and he thinks there a deeper underlying reason for the sudden volatility. Markets are worried that the Fed and the US government aren’t stimulating enough.

Bank of England boss calls for furlough ‘rethink’

Governor Andrew Bailey suggests that some sectors may benefit from further targeted help.

Coronavirus: Work-at-home change ‘will have devastating impact’

Business groups warn that the government’s new stance “risks derailing an already fragile recovery”.

‘Closing pubs at 10pm halves your takings’

The hospitality industry warns the earlier closing time will have a ‘devastating’ impact.

1 cr migrants came home on foot during lockdown

1 cr migrants came home on foot during lockdownThis takes the total cases to 2,53,075 including 2,16,401 recoveries & 5,051 deaths. Number of active cases stands at 31,623.

ED attaches Dubai assets of Mirchi’s family

ED attaches Dubai assets of Mirchi’s familyThe attached assets include 15 commercial and residential properties belonging to the “family members” of gangster Iqbal Mirchi. They include a hotel called Midwest Hotel Apartment, the ED said.

For LS, Monsoon Session likely to end on Wed

For LS, Monsoon Session likely to end on WedThe session which began on September 14, witnessed the passage of several bills by the Lok Sabha, including those which sought to replace the ordinances issued recently.

From lockdowns to Brexit, the U.K. economy is heading toward a rough winter

Prime Minister Boris Johnson announced on Tuesday new restrictions to help control the aggressive rise of coronavirus infections, as Bank of England governor Andrew Bailey warned that œthe hard yards are ahead for the economy.

Market Snapshot: Dow edges lower in choppy trade as Fed chief Powell testifies before House panel

Stocks struggle to maintain altitude after opening with modest gains Tuesday, as worries about renewed coronavirus lockdowns in Europe and rising political uncertainty in the U.S. continued to hang over the market.

Key Words: The stock market is a ‘great speculation’ at this point, and it’s time to raise cash, billionaire investor warns

Media mogul Barry Diller on CNBC Tuesday urged investors to keep some powder dry in light of how far the stock market has come since bouncing off the lows from back in March.