Written by Gary
Stocks slightly higher as virus, stimulus concerns grip investors (SPY +0.5%). A surge in coronavirus cases in Europe and concerns over prospects of fiscal stimulus in the US has rattled investors.
Here is the current market situation from CNN Money | |
 | North and South American markets are higher today with shares in U.S. leading the region. The S&P 500 is up 0.69% while Brazil’s Bovespa is up 0.44% and Mexico’s IPC is up 0.05%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| HHS wants to test 30% of U.S. wastewater for the coronavirus as an ‘early warning system’Wastewater surveillance is no replacement for standard diagnostic testing, Dave Larsen said, adding that it’s just one more tool that can help communities around the country better understand the outbreak. |
| Taxes are likely to go up for the wealthy in these nine statesLawmakers in nine states are proposing higher taxes on the wealthy to help fill growing budget holes from the pandemic, and the list is likely to grow, according to a legislative group. |
| Why so many people are hopeful about an mRNA coronavirus vaccineMore than 30 biotech and pharmaceutical companies are racing to develop a safe Covid-19 vaccine. Several candidates entered late stage trials in a matter of months. Two of the companies developing a vaccine ” Pfizer and Moderna ” are utilizing a promising new technology using messenger RNA. Watch the video to learn why experts believe this vaccination method could be a game changer for getting back to normal. |
| It’s not entirely clear how the government will pay for Trump’s $200 Medicare cards“Under my plan, 33 million Medicare beneficiaries will soon receive a card in the mail containing $200 that they can use to help pay for prescription drugs,” Trump said in a speech. |
| Watch live: The World Health Organization holds a press briefing on the coronavirus pandemicThe World Health Organization is holding a press briefing Friday on the coronavirus pandemic, which has infected more than 32 million people worldwide. |
| Top U.S. health officials try to reassure people of coronavirus vaccine safety as concerns stirThere’s a lot of confusion because there are mixed messages that are coming,” Dr. Anthony Fauci, the director of National Institute of Allergy and Infectious Diseases, said. |
| Cramer says the stock market looks bad, but that’s OK: ‘We’re churning to find a bottom’CNBC’s Jim Cramer reminded investors that September is a historically difficult month for stocks. |
| A second coronavirus wave is coming ” of ’employee duress’: Hilton’s top HR executiveWork from home worked for a while, but top executives at iconic U.S. companies like Hilton and Levi Strauss say the dangers of increased employee stress are rising. |
| Hydrogen-powered passenger plane completes maiden flight in ‘world first’As technology develops, the way aircraft are powered is changing. |
| Stanford researchers say they won’t be silenced after criticizing Trump’s coronavirus advisor Dr. Scott AtlasDozens of doctors, researchers and other faculty members affiliated with Stanford University wrote an open letter criticizing Trump’s coronavirus advisor Dr. Scott Atlas. In return, they say they were threatened with a defamation lawsuit. |
| Safaris are back, and luxury lodges are enlisting guests to help save animalsWhen South Africa reopens on Oct. 1, travelers can visit private game reserves in KwaZulu-Natal that let tourists help protect the country’s rhinos and elephants. |
| How a process using ‘fluid’ carbon dioxide could stop your wine from spoilingCork taint can ruin the taste and smell of wine. |
| Citadel Securities Reaps Historic Revenue Bonanza Thanks To Unprecedented Dominance Of Retail TradingCitadel Securities Reaps Historic Revenue Bonanza Thanks To Unprecedented Dominance Of Retail Trading Tyler Durden Fri, 09/25/2020 – 12:05 The last time we heard from Citadel was two weeks ago when, in the aftermath of the furious “gamma meltup” reversal, investors and regulators starting asking pointed questions about who was behind all this option frenzy. It was then that David Silber, the head of institutional equity derivatives at Citadel Securities decided to preemptively come to the defense of option-heavy market-makers, such as Citadel, and told Bloomberg to stop blaming options for the recent market drop. Going a little further back to July, we reported that Citadel Securities – one of the world’s biggest market-makers – had just been find by industry regulator FINRA (the whopping sum of $700,000) for frontrunning of at least 559 client orders while masking “hundreds of thousands” of orders from its pre-trade control logic. This happened at a time when Citadel emerged as the biggest Robinhood client, paying hundreds of millions to route retail investor orderflow (something that we first reported in 2018 in “Robinhood Is Said To Get 40% … |
| Buchanan: All The Chips Are On The Table NowBuchanan: All The Chips Are On The Table Now Tyler Durden Fri, 09/25/2020 – 11:50 Authored by Pat Buchanan via Buchanan.org,
So Joe Biden promised. Since the death of Justice Ruth Bader Ginsburg, however, Biden has refused to produce a list of Black female judges and scholars whom he would consider for the now-vacant seat. |
| Fire Breaks Out At Huawei’s 5G Antenna Research LabFire Breaks Out At Huawei’s 5G Antenna Research Lab Tyler Durden Fri, 09/25/2020 – 11:35 As the seemingly never-ending squabbling over TikTok’s deal with Oracle and Walmart drags on, the Trump administration’s battle with tech giant Huawei Technologies has seemingly taken a backseat over the last couple of weeks to this newest distraction. But in a shocking new developing, a Huawei research lab in Dongguan caught fire on Friday, according to Reuters and local Chinese press. The Chinese state-controlled Global Times confirmed reports of the fire but assured the public that nobody was injured. “The lab in the city’s Songshan Lake area is a steel structure and the main material burning is sound-absorbing cotton,” Dongguan city fire-rescue department said in a statement. The lab is allegedly the site for where the tech giant conducts testing for 4G and 5G antennas related to Huawei’s base station business, sources told … |
| The Astonishing Lack Of Value In ValueThe Astonishing Lack Of Value In Value Tyler Durden Fri, 09/25/2020 – 11:15 Authored by Lance Roberts via RealInvestmentAdvice.com, We have recently been discussing the lack of performance in value versus growth. Such is historically the case during the late-stage, exuberance-driven, bull markets. However, not everything classified as a œvalue stock  is necessarily a value. The problem today, more so than at any point previously, is the astonishing lack of value in œvalue.
The chart is pretty stunning but needs some explanation. The Problem With Book Valuing a company is not a simple task. Every fundamental analyst uses different measures and adjustments to calculate a fair valuation. Importantly, there is no precise method, and each presents a differ … |
| Tesco joins Morrisons to limit sales of some itemsLimits on loo roll and flour are back as supermarkets act to prevent a repeat of March’s panic buying. |
| Covid: Jobs scheme ‘won’t stop major rise in unemployment’Influential think tank the Resolution Foundation warns Rishi Sunak’s plan will not “live up to its promise”. |
| European Commission to challenge Apple tax bill verdictEU court ruling that the tech giant does not have to pay hefty back taxes to Ireland goes back to court. |
| Maharashtra reports 17,794 new COVID19 casesMaharashtra reports 17,794 new COVID19 casesThis takes the total positive cases to 13,00,757 till date, including 2,72,775 active cases, 9,92,806 discharges & 34,761 deaths. |
| GMM Pfaudler OFS attracts MFs, US money managersGMM Pfaudler OFS attracts MFs, US money managersGMM Pfaudler had enjoyed a dream run and had rallied 184 per cent since the end of 2019, up to the OFS announcement that came in earlier this week. |
| Govt may impose customs duty on solar equipmentGovt may impose customs duty on solar equipmentDomestic manufacturers have been anticipating the duty on solar equipment for a long time. Power and renewable energy minister told reporters in June that basic custom duty was likely to be imposed from August 1 to prevent the dumping of Chinese goods. |
| NewsWatch: Red Hot Chili Peppers drummer Chad Smith is selling his $15 million Hamptons homeThe longtime drummer of the Red Hot Chili Peppers, Chad Smith, is making moves in the Hamptons. He’s listed his œprivate waterfront oasis in Montauk, NY, for $15 million. |
| The Ratings Game: Olive Garden parent takes a COVID-related hit in key markets but here’s why analysts are upbeatEach week begins with a $300,000 deficit due to the closure of the Times Square Olive Garden, CEO Lee says. |
| Realtor.com: Red Hot Chili Peppers drummer Chad Smith is selling his $15 million Hamptons homeThe longtime drummer of the Red Hot Chili Peppers, Chad Smith, is making moves in the Hamptons. He’s listed his œprivate waterfront oasis in Montauk, NY, for $15 million. |
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