Written by Gary
Trump and medical team will decide Monday whether he’s discharged, chief of staff says (SPY +0.6%). Treasury yields jump to start week amid hopes for new fiscal package.
Here is the current market situation from CNN Money | |
 | European markets are mixed today. The FTSE 100 is up 0.83% while the DAX gains 0.80%. The CAC 40 is off 0.02%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | MIT Scientists: Nuclear Fusion Energy Could Be Closer Than ThoughtThe decades-old dream of many scientists and science fiction writers may come true at some point over the next decade. Researchers at MIT and a startup spun out of MIT are working on a nuclear fusion experiment, which they are fairly certain will achieve its goal of creating a hot burning plasma to produce for the first time ever fusion energy more than the energy consumed to generate that fusion energy. Nuclear fusion has long been considered the answer to zero-emission by-product-free energy generation. However, no one has cracked |
| Why Energy Investors Are Pivoting Towards ESG FundsAfter years of just bubbling under, the ESG megatrend has finally opened the afterburners. At a time when the reminders of past flameouts by the fossil fuel sector have been amplified by the pandemic, the Environmental, Social, and Corporate Governance (ESG) momentum has reached fever-pitch with assets invested in ESG funds eclipsing the pivotal $100B mark. According to ETF navel-gazer ETFGI, assets invented in ESG-themed Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs) reached a record $101B globally by the end of July, 18 years |
| Is Venezuelas Oil Production Poised For A Comeback?The flow of positive news regarding the future of PDVSA, Venezuelas national oil company and cash cow, has been almost non-existent since February 2018. Rightly so, given that almost every month was a demanding uphill battle few were those who could predict such survival skills from the Maduro regime. This September was no exception to the rule, as the media were replete with news about Venezuelas revenues continuing to decrease, Caracas selling out its gold reserves to lay its hands on some Iranian crude volumes and the last |
| Does Cryptocurrency Really Run On Clean Energy?In the past, cryptocurrency mining operations, especially that of Bitcoin, have gotten a lot of flack for consuming jaw-dropping amounts of energy. Bitcoin alone consumes more energy each year than the entire country of Switzerland. To help illustrate the extremity of Bitcoins energy consumption, the University of Cambridge created an online tool that allows users to view Bitcoins energy consumption side by side with that of other entities. When this platform debuted, the tool showed that Bitcoin is using around |
| China Doubles Down On Nuclear Energy To Cut Carbon EmissionsAround the world, there is a sweeping movement toward a global green energy transition. While world leaders have been urged by experts for years to start lowering greenhouse gas emissions and start battling climate change with a sense of urgency, the COVID-19 pandemic has, in its severe and continued destruction of the global economy, catalyzed the decarbonization of our economies. The pandemic has given the global community an unanticipated interruption to the status quo and a vital, once-in-a-lifetime opportunity for what the World Economic Forum |
| Venezuelas Oil industry May Never RecoverDespite President Maduros claims of a looming recovery for Venezuelas economically crucial oil industry in early 2020 production keeps declining. Even measures aimed at revitalizing the industry and circumventing U.S. sanctions are failing to trigger any sustainable recovery. According to the latest OPEC Monthly Oil Market Report, August 2020 oil output remained flat compared to a month earlier at 340,000 barrels daily. This comes on the back of Maduros ongoing tussles with opposition leader, and U.S. backed interim president |
| Coronavirus hospitalizations grow in the Midwest amid climbing cases ” ‘It’s clearly a forest fire’Six states reached record high Covid-19 hospitalizations as of Friday, based on a weekly average, including Missouri, Wisconsin, North Dakota and South Dakota. |
| The White House hoped testing would keep the coronavirus out ” but it didn’t“I don’t think any experts recommend that you use medical screening tests as a replacement for social distancing, or masks, or other kinds of mitigation efforts,” Dr. Ben Mazer, an anatomic and clinical pathologist at Johns Hopkins Hospital, said. |
| 5 things to know before the stock market opens MondayDow futures pointed to strong gains at Monday’s open as Wall Street considers what President Trump’s Covid-19 diagnosis means 29 days before the election. |
| One proxy stock for the travel industry could signal more downsideTravel stocks could come under even more pressure judging by this proxy company, says Craig Johnson of Piper Sandler. |
| This Medicare open enrollment season more seniors are expected to seek online help. Insurers say they’re readyMedicare insurers and brokers expect surge in demand for online help during open enrollment because of rising Covid-19 cases. |
| New York City is ‘on the edge of a precipice’ as coronavirus cases grow, former CDC director saysNew York is responding to growing clusters of coronavirus cases in 20 “hotspot” ZIP codes that are reporting average positivity rates as high as 18%. |
| The coronavirus could pose a severe threat to patients like President Donald Trump, data shows“So we should not feel reassured if the president initially seems OK, because there is still a long time for us to wait to see what the trajectory of his disease is,” said Dr. Leana Wen, former Baltimore health commissioner. |
| Pelosi asks airlines to pause furloughs, vowing additional aid, but no deal yetHouse Speaker Nancy Pelosi vowed that airlines would receive billions more in federal aid to reverse thousands of furloughs, but no deal has been reached yet. |
| Top health official says coronavirus ‘herd immunity is not the strategy of the U.S. government’“Herd immunity is not the strategy of the U.S. government with regard to coronavirus,” HHS Secretary Alex Azar told lawmakers on Friday. |
| Trump isn’t the first sitting U.S. president to contract a potentially deadly virus in the middle of a pandemic ” so did Woodrow Wilson in 1918Former President Woodrow Wilson became ill with the 1918 flu when he was in Paris in April 1919, much like President Donald Trump’s Covid-19 diagnosis in 2020. |
| Ford’s Q3 vehicle sales outperform industry as demand recovers from coronavirus lockdownsSales of F-Series pickups and SUVs helped Ford Motor outperform its Detroit crosstown rivals as well as the auto industry in the third quarter. |
| Black Friday is over: Here’s why retailers are touting weeks of deals this yearShoppers will have little reason to rush to stores for a one-day event as retailers start holiday sales early, offer the same discounts online and extend Black Friday deals for weeks or months. |
| The “One-Way Trip” Of American DebtThe “One-Way Trip” Of American Debt Tyler Durden Mon, 10/05/2020 – 08:30 Authored by Lance Roberts via RealInvestmentAdvice.com, We have frequently discussed the œone-way trip  of American debt and the long, slow slide into the œJapanification  of America. The amount of outstanding debt, and the subsequent deficit, has long been a problem in the U.S. For the last two decades, policymakers have made annual promises for more substantial economic growth. Yet with each passing year, growth rates weaken, and economic prosperity worsens. As we discussed pre-pandemic in œEconomy Should Grow Faster Than Debt:
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| Trump’s Condition Improved Again Overnight, Chief Of Staff Meadows SaysTrump’s Condition Improved Again Overnight, Chief Of Staff Meadows Says Tyler Durden Mon, 10/05/2020 – 08:15 President Trump’s condition has improved again overnight, according to White House Chief of Staff Mark Meadows. In an interview with Fox News, Meadows said he expects Trump to depart the White House Monday afternoon. As we noted earlier, in addition to optimism over a covid vaccine, optimism about the economic recovery, and optimism about a fiscal stimulus, we can now add another category of “optimism” cited by traders to justify overnight futures ramps (at least for the next few days): optimism Trump will be discharged from Howard Reed hospital any day now, perhaps as soon as today, and then stage a full recovery. |
| Markets Rally On Optimism Trump May Be Discharged As Soon As TodayMarkets Rally On Optimism Trump May Be Discharged As Soon As Today Tyler Durden Mon, 10/05/2020 – 08:07 In addition to optimism over a covid vaccine, optimism about the economic recovery, and optimism about a fiscal stimulus, we can now add another category of “optimism” cited by traders to justify overnight futures ramps (at least for the next few days): optimism Trump will be discharged from Howard Reed hospital any day now, perhaps as soon as today, and then stage a full recovery. Sure enough, on Monday US index future bounced after doctors said Trump could be discharged from Howard Reed imminently, while sentiment was also lifted amid tentative signs of progress on a new fiscal stimulus. |
| Trump Warns “If You Want Massive Tax Increase, Vote Democrat” In Morning ‘Roid Rage’ TweetstormTrump Warns “If You Want Massive Tax Increase, Vote Democrat” In Morning ‘Roid Rage’ Tweetstorm Tyler Durden Mon, 10/05/2020 – 07:06 Update (0823ET): Another journalist noted the irony of it all.
* * * Update (0745ET): “Steroids” is now trending on twitter as users across the social network joke that Trump’s early morning tweetstorm was the result of “roid rage”. Over the weekend, Trump’s doctors confirmed that the president was being treated with dexamethasone, a steroid and effective anti-inflammatory drug that has shown great results in treating seriously ill patients. The NYT suggested that the fact that Trump is receiving the steroid suggests his condition is worse than the White House is letting on.
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| Boris Johnson urges people to ‘go to the cinema’The prime minister’s comments come after Cineworld said it would temporarily close UK and US venues. |
| Worst September for UK car sales this centuryNew UK car registrations fell 4.4% last month from a year earlier, the motor industry says. |
| Hovis receives takeover bid from Italy’s Newlat FoodPasta and dairy firm Newlat Food makes a takeover bid for the 134-year-old UK baking business. |
| GST Council meet: FM to brief media shortlyGST Council meet: FM to brief media shortlyFinance Minister will hold a press briefing on the outcomes of 42nd GST Council meet at National Media Centre today. |
| Protests force Google to put off app levyProtests force Google to put off app levyGoogle deferred the enforcement of 30% commission on in-app purchases of digital goods from its Play Store in India to April 2022 in the face of mounting protests. |
| Is passive investing best for millenials?Is passive investing best for millenials?Most investors are looking for diversification of asset allocation and are also searching for yield, says Radhika Gupta |
| Market Snapshot: Dow futures up nearly 200 points as investors monitor Trump response to coronavirus treatmentFutures point to a higher start for U.S. stocks Monday as investors track President Donald Trump’s response treatment for COVID-19 after he was hospitalized by the disease on Friday, and weigh prospects for another round of stimulus from Washington. |
| Bond Report: Treasury yields jump to start week amid hopes for new fiscal packageU.S. Treasury yields rose in early Monday trade on hopes that lawmakers in Washington could reach a deal on a new fiscal stimulus bill to reinvigorate the U.S. economy. |
| : Venmo launches credit card with focus on splitting payments and mobile designThe Venmo credit card is rolling out with a rewards program tailored to personal spending patterns. |
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