Stimulus or no stimulus? That is the question (and has been for months), but the false dawns have run out of road in Washington. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin gave it one more try today (Sep. 30) but no dice. Maybe they’ll pull a rabbit out of the hat but at this stage that’s considered a near-zero probability ahead of the election.
Whatever you thought of last night’s chaotic “debate” between President Trump and Joe Biden, the event offered no reason to think that the Nov. 3 election will be an orderly affair that cleanly selects a president and lays the groundwork for a new administration to take charge of the nation. Sadly, that low bar of precedent that has prevailed for most of the country’s history on this front appears headed for something decidedly abnormal.
The first Trump-Biden debate was decidedly unpresidential: Reuters
Covid-19 stimulus talks face deadline today at noon, Democrats advise: MW
Armenia-Azerbaijan war at risk of becoming wider regional conflict: BBG
China reportedly set to launch antitrust investigation into Google: Reuters
ECB may follow Fed and allow inflation to temporarily rise above target: BBG
Disney will lay off 28,000 park employees due to coronavirus: Reuters
China’s manufacturing rebound continues in Sep, survey data shows: IHS Markit
US home-price growth accelerated in July, rising 4.8% year over year: CNBC
Will Fed’s low-interest-rate policy create challenges when economy recovers? WSJ
Restaurant industry warily eyes fall with reopening hanging in balance: AP
US Consumer Confidence Index rebounds sharply in September: MW