Archives of “October 2, 2020” day

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VP Pence replacing Trump on call with governors

  
  Analysis

The President, The Election. The SCOTUS

Some additional political headlines over the last few minutes:
  • Apparently Pres. Trump is not able to participate in a call on coronavirus with Senior citizens today. VP Pence will stand in for the President. Given the administrations reluctance to be transparent at times (i.e., Bloomberg scooped the Hope Hicks Covid news and despite “rapid testing” the Pres. did not tweet he had Covid until nearly 1 AM), the hints will be scrutinized as to how serious or not the President’s condition is
  • Texas has been sued over plans to limit ballot drop boxes for election. The governor citing security, said that drop boxes for mailing votes would be limited to one per county.  Texas has some big counties.  Many feel that this is a voter suppression ploy
  • Democrats urge GOP to put health first, not rush SCOTUS.  Finding common ground on stimulus is elusive, but Sen. McConnell already said that the SCOTUS procedure would continue as planned.  Nice try, but I would put the chance of the GOP to suddenly forgetting about the SCOTUS nomination to be 0.0%. If they could, they would vote right now without any confirmation hearings.

European shares and mixed and well off the lows for the day

  
Analysis, Global Indices

Recover much of the earlier losses

  • German DAX -0.4%.  The low reached -1.5%
  • France’s CAC -0.2%. The low reached -1.39%
  • UK’s FTSE 100 +0.2%. The low reached -1.19%
  • Spain’s Ibex +0.1%. The low reached -1.22%
  • Italy’s FTSE MIB -0.1%. The low reached -1.29%
For the week, provisional closes are showing gains for the major indices across the board:
  • German DAX, +1.76%
  • France’s CAC, +1.8%
  • UK’s FTSE 100, +0.75%
  • Spain’s Ibex, +1.8%
  • Italy’s FTSE MIB, +1.8%
In the European debt market, the benchmark 10 year yields are ending the session mixed. German and UK yields are higher. Spain, Italy, and Portugal yields are lower.
European yields are mixedIn other markets as the European/London traders look to exit for the weekend:
  • Spot gold is trading up $0.72 or 0.04% at $1906.70. The high price reached $1917.16. The low extended to $1889.93
  • Spot silver is trading up $0.28 or 1.2% at $24.06. The high price reached $24.20. The low extended to $23.48
  • WTI crude oil futures are trading down $1.24 or -3.20% at $37.47. That is rebounding off of the New York session low at $36.63. But still below the high for the day at $38.65.

Trump symptoms are mild and cold-like so far – report

  
  Analysis

New York Times report (update: Another report from AP)

It’s notable that he has symptoms at all as many people who get the virus are asymptomatic. Given that he has them, it likely means he was exposed around Tues-Wed. It also means that he will be out of action for at least a week.
The report cites two people familiar:

The president has had what one person described as cold-like symptoms. At a fund-raiser he attended at his golf club at Bedminster, N.J., on Thursday, where one attendee said the president came in contact with about 100 people, he seemed lethargic.

A person briefed on the matter said that Mr. Trump fell asleep at one point on Air Force One on the way back from a rally in Minnesota on Wednesday night.

The report says his treatment plan is still being discussed and they are considering a national address or videotaped statement to demonstrate he was functioning.

Update: A second report from AP says he has mild symptoms.

Biden expected to get tested for COVID-19 this morning

  
  Analysis

CNN reports

Debate
The story doing the rounds is that Hope Hicks tested negative for the virus before she boarded Air Force One on Wednesday morning but showed symptoms later in the day, and then got tested positive after that.
The timeline may fit with how the virus transmitted to Trump before the debate and also as he went to do a fundraising round yesterday.
Regardless, it’ll really be a mess of a situation if Biden also contracts the disease.
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