Five things to learn right before the stock market opens Monday

1. Dow set to go after its worst month since March

Dow futures bounced over 350 points Monday early morning, the very first trading day of November and the day just before the election. The 30-stock average had the worst week of its as well as most awful month since March, which saw Wall Street’s coronavirus lows late which month. Futures were lower shortly after opening Sunday evening and had been fairly flat overnight. They started bouncing around 3:30 a.m. ET.

Futures buying after October’s swoon arrived despite a record 99,321 fresh Covid 19 infections Friday. Sunday and Saturday saw more than 81,000 new cases every day. Apart from the coronavirus and also the election, investors are confronted with other key events this week, which includes the Federal Reserve’s policy meeting as well as the government’s October work report on Friday.

2. Spiking Covid 19 cases in U.S. and Europe spark new restrictions

Fueling Friday’s record new day coronavirus cases, the nation’s third good, forty three states saw infections developing by 5 % or perhaps more, based on a CNBC analysis of data compiled by Johns Hopkins Faculty.

In New York, the epicenter at the beginning of the outbreak, Democratic Gov. Andrew Cuomo said residents should get tested for Covid-19 prior to traveling, and then within three days of reentering the state. This kind of new protocol takes the place of New York’s last quarantine rules.

In Europe, which saw the case of theirs peaks a few days ahead of the U.S., British Prime Minister Boris Johnson announced Saturday a second national lockdown in England. Starting Thursday, nonessential businesses will close but schools will continue to be open for the following four weeks.

3. Biden takes a double-digit national lead into last minute campaigning

In the final NBC News/Wall Street Journal poll, released Sunday, Democrat Joe Biden had a 10-point national lead with President Donald Trump. A majority of voters who had been surveyed authorized of Trump’s management of the economy. although a vast majority also disapproved of the response of his to the pandemic.

Biden spends election eve largely inside Pennsylvania, a battleground declare he leads by 4.3 points, according to the RealClearPolitics average. Pop superstar Lady Gaga joins Biden for a drive-in rally Monday then at night found Pittsburgh.

Trump continues the rally blitz of his in swing states, which includes events found in Pennsylvania, North Carolina as well as 2 in Michigan. The president on Monday also has a rally in Kenosha, Wisconsin, a city which saw protests after Jacob Blake, a 29-year-old Black man, was picture within the back before the sons of his by a whitish police officer on Aug. twenty three.

4. Trump suggests he may fire Fauci’ a small bit after the election’

Trump implied early Monday that he may fire Dr. Anthony Fauci, following the nation’s top infectious disease expert further criticized the president’s handling of the coronavirus. At a late-night rally near Miami that stretched directly into Monday, Trump defended his response to the pandemic. The crowd started chanting “Fire Fauci!” The president said, “Don’t tell anyone, but permit me to wait until a little bit after the election. I appreciate the advice.” In a job interview written and published doing Saturday’s Washington Post, Fauci mentioned the U.S. “could not perhaps be positioned more poorly” on the virus heading into the autumn and winter, when folks will be forced to stay indoors.

5. Court fights continue more than expanded voting choices during the pandemic

A federal judge on Monday has a hearing on drive thru voting in Texas, one day after the state’s all GOP supreme court denied a Republican led petition to toss nearly 127,000 ballots cast at drive thru locations in the Houston area. Conservative activists have sent in a battery of federal court challenges and state over moves to expand voting choices during the pandemic.

The U.S. Postal Service must remind senior managers that they should follow its “extraordinary measures” policy and work with its Express Mail Network to expedite ballots forward of Tuesday’s presidential election, underneath a sale signed by way of a federal judge Sunday. The thrust to get ballots presented by election night has taken on significance simply because Trump has repeatedly said, with no evidence, that mail voting would lead to extensive fraud.

Over 94 million ballots happen to be cast in advance of Election Day, over two thirds of 2016’s total turnout. That is according to the U.S. Elections Project, a which is actually compiled by Faculty of Florida political science professor Michael McDonald.

 

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