5 issues to find out right before the stock market opens Monday

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

Dow futures bounced more than 350 points Monday early morning, the original trading day of November and also the day just before the election. The 30 stock average had its worst week and worst month since March, which saw Wall Street’s coronavirus lows late that month. Futures had been lower shortly after opening Sunday night and were relatively flat overnight. They started bouncing around 3:30 a.m. ET.

Futures buying after October’s swoon came despite a record 99,321 new Covid 19 infections Friday. Saturday and Sunday saw over 81,000 new cases every day. Apart from the election and the coronavirus, investors are actually faced with various other key events this week, which includes the Federal Reserve’s policy conference as well as the government’s October employment report on Friday.

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

Fueling Friday’s record brand new day coronavirus cases, the nation’s third peak, forty three states saw infections growing by 5 % or even more, based on a CNBC analysis of information compiled by Johns Hopkins University.

For York that is New, the epicenter early in the outbreak, Democratic Gov. Andrew Cuomo said residents should get tested for Covid-19 prior to traveling, and once again within three days of reentering the stage. This particular brand new protocol replenishes New York’s last quarantine rules.

In Europe, that saw their case 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 companies will close however, clubs will remain open for the following 4 weeks.

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

In the last NBC News/Wall Street Journal poll, released Sunday, Democrat Joe Biden had a 10 point national lead over President Donald Trump. A majority of voters that had been surveyed approved of Trump’s control of the economic climate. But a majority also disapproved of his response to the pandemic.

Biden spends election eve mostly found in Pennsylvania, a battleground state he leads by 4.3 points, based on the RealClearPolitics average. Pop superstar Lady Gaga joins Biden for a drive-in rally Monday then at night in Pittsburgh.

Trump continues the rally blitz of his in swing states, including events found in Pennsylvania, North Carolina plus two in Michigan. The president on Monday additionally holds a rally inside Kenosha, Wisconsin, a locale which saw protests following Jacob Blake, a 29-year-old Dark male, was photo inside the rear in front of the sons of his by a whitish police officer on Aug. 23.

4. Trump implies he may fire Fauci’ a little bit after the election’

Trump indicated early Monday that he could fire Dr. Anthony Fauci, right after the nation’s leading infectious disease expert further criticized the president’s handling of the coronavirus. During a late night rally near Miami that stretched directly into Monday, Trump defended the response of his to the pandemic. The crowd started chanting “Fire Fauci!” The president stated, “Don’t tell anybody, but let me wait until a small amount 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 possibly be positioned more poorly” on the virus heading into the fall and winter, when folks will be forced to keep indoors.

5. Court fights continue over broadened voting choices during the pandemic

A federal judge on Monday holds a hearing on drive thru voting in Texas, 1 day after the state’s all GOP supreme court denied a Republican led petition to toss roughly 127,000 ballots cast at drive thru locations in the Houston region. Conservative activists have filed a battery of state and federal court issues over movements to grow voting options during the pandemic.

The U.S. Postal Service should remind senior managers that they need to stick to the “extraordinary measures” policy of its and work with its Express Mail Network to expedite ballots ahead of Tuesday’s presidential election, below an order signed by a federal judge Sunday. The push to get ballots delivered by election night has had on significance for the reason that Trump has frequently said, with no evidence, that mail voting would lead to widespread fraud.

At least 94 million ballots have been cast ahead of Election Day, more than two thirds of 2016’s total turnout. That’s according to the U.S. Elections Project, a that is compiled by Faculty of Florida political science professor Michael McDonald.

 

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