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Economic data, U.S politics, Brexit, and updates on Trump’s health to drive the markets in what will be another busy week....
Mortgage rates were in decline last week, supporting further demand amidst the economic uncertainty. Risk aversion could deliver a fresh record low…...
(Bloomberg) -- President Donald Trump has made “substantial progress” but still isn’t “out of the woods,” his physician Sean Conley said in a Saturday evening update.Trump completed a second dose of Remdesivir and remains fever free, he added. He’s expected to conduct his presidential duties while being monitored by Conley.“While not yet out of the woods, the team remains cautiously optimistic,” Conley said in a statement.Earlier in the evening, Trump said he’s starting to feel better and that he expects to “be back soon,” in a video appearance on Twitter Saturday evening.“I came here, wasn’t feeling so well. I feel much better now,” he said from a U.S. military hospital near Washington. “I look forward to finishing up the campaign the way it was started.”Chris Christie, the former New Jersey governor who helped Trump prepare for Tuesday’s presidential debate with Joe Biden, also entered a hospital because he contracted Covid-19.Senate Majority...
(Bloomberg) -- President Donald Trump said he’s starting to feel better and that he expects to “be back soon,” in a video appearance on Twitter Saturday evening.“I came here, wasn’t feeling so well. I feel much better now,” he said from a U.S. military hospital near Washington. “I look forward to finishing up the campaign the way it was started.”Chris Christie, the former New Jersey governor who helped Trump prepare for Tuesday’s presidential debate with Joe Biden, also entered a hospital because he contracted Covid-19.Senate Majority Leader Mitch McConnell said he had a call with Trump and that he “sounds well.” They talked about handling the pandemic, confirming the Supreme Court nominee and strengthening the economy. McConnell said earlier that the fast-track schedule for confirming Judge Amy Coney Barrett won’t be affected by the Covid-19 diagnoses of Trump and three Republican senators.Other developments:Trump Presses for Economic Stimulus Deal, Saying ‘Get It...
(Bloomberg) -- President Donald Trump pressed for a deal on another round of pandemic aid to jolt the U.S. economic recovery, saying the country “wants and needs” fiscal stimulus.With Trump receiving treatment at Walter Reed military hospital outside Washington after testing positive for the coronavirus, his tweet on Saturday departed from his health to focus on weeks of partisan deadlock over another stimulus bill.U.S. House Speaker Nancy Pelosi said Friday that negotiations with the White House will press ahead and Trump’s Covid-19 diagnosis might change the tenor of the talks by underscoring the seriousness of the pandemic.The two sides remain far apart on how much of a boost to provide and what it should target. Democrats in the House on Thursday passed a $2.2 trillion package -- down from the $3.4 trillion plan they passed in May -- as their latest offer. Treasury Secretary Steven Mnuchin has proposed a plan of...
(Bloomberg) -- Senate Majority Leader Mitch McConnell said he had a call with President Trump, who “sounds well.” They talked about handling the pandemic, confirming the Supreme Court nominee and strengthening the economy. McConnell said earlier that the fast-track schedule for confirming Judge Amy Coney Barrett won’t be affected by the Covid-19 diagnoses of Trump and three Republican senators.The president is being treated at a U.S. military hospital near Washington for Covid-19. He tweeted Saturday that he is “feeling well” and called for a stimulus deal.Trump’s physician said the president is “doing very well” and his condition is improving, an upbeat report that was almost immediately contradicted by the disclosure from a person familiar with the matter that his vital signs were very concerning over the past 24 hours.Trump said early Friday he had tested positive along with his wife and one of his closest aides, throwing his campaign into deeper...
The outlook for the aviation industry has deteriorated again due to rising coronavirus infections and renewed travel restrictions, Airbus chief operating officer Michael Schoellhorn was quoted as saying on Saturday. Airbus has said it needs to shed 15,000 posts worldwide. In an interview with the Handelsblatt business daily, Schoellhorn said the situation in early autumn was worse than the company had expected in the summer, adding that the planned 15,000 job cuts would be the minimum....
