1. Wall Street will decline after the first presidential debate
A jabot collar is on the Fearless Girl statue outside the New York Stock Exchange (NYSE) in honor of recently-enlisted Associate Justice of the United States Supreme Court, Ruth Bader Ginsburg, in Manhattan, New York City, the United States, on September 21 to see 2020.
Andrew Kelly | Reuters
Dow futures pointed to it A drop in the opening on Wednesday after the chaotic first debate between the president Donald Trump and democratic candidate Joe Biden. The Dow futures rose more than 150 points at one time during Tuesday night’s debate, but quickly retreated at the end of the debate. Traders hoping that the start of the debating season on election day would result in a clear winner rather than a lengthy election process saw little sign of this Tuesday evening.
Wall Street had a winning streak in three sessions close on Tuesday. The Dow Jones industry average, S&P 500 and Nasdaq fell to the lows the day after the New York mayor Bill de Blasio The city’s daily positive coronavirus test rate was back above 3% for the first time in months. De Blasio’s comments came a day before indoor dining returned to town. Positive dates looking for a possible Covid-19 treatment Regeneron Pharmaceuticals after the bell gave the futures a boost that later faded. With one day left in September and the third quarter, the market tracked its first monthly loss since March, but a sharp quarterly increase.
Ahead of the Labor Department’s monthly employment report on Friday, ADP appeared at 8:15 a.m. (CET) with a look at hiring trends at American companies in September. Economists expect 600,000 private sector jobs were created last month after adding 428,000 in August. During the pandemic, the ADP numbers are have differed greatly from government data.
2. Key moments from Trump, Biden brawl on the debate stage
This combination of images, taken on September 29, 2020, shows Democratic presidential candidate and former US Vice President Joe Biden (L) and US President Donald Trump during the first presidential debate at Case Western Reserve University and the Cleveland Clinic in Cleveland , Ohio, on September 29, 2020.
Trump and Biden quarreled at their first chance to challenge each other face-to-face on Tuesday night. Barely a minute went by without one of the candidates interrupting the other, be it about the coronavirus, the Supreme Court or the economy. Even the host, Chris Wallace of Fox News, couldn’t always stay above the fight.
The candidates exchanged insults and accusations. “Are you going to shut up man?” Biden snapped at Trump once. “You are the worst president America has ever had,” he said later. “China had lunch,” Trump shot back at Biden when asked about the economy. “I’ve done more in 47 months as president than Joe Biden in 47 years,” said Trump.
They also spared Obamacare, their adult children, and the postal vote. Trump declined to condemn white supremacists, saying the far right Proud Boys group should do so “step back and stand by” before blaming violence against protests against racist injustices against “Antifa and the Left”.
3. NYC Indoor Dining restart despite pockets of Covid-19 waves
Manhattan’s West 46th Street has been temporarily converted into an outdoor row of restaurants during the fourth phase of the New York coronavirus pandemic reopening.
Roy Rochlin | Getty Images
Despite the rise in Covid-19 infections in New York City, the Big Apple is making headway, allowing indoor eating to resume on Wednesday at a 25% capacity. At his daily press conference on Tuesday de Blasio said: “We’ll keep a close eye on this, but the bottom line is that the food will continue indoors.” New York Gov. Andrew Cuomo later said at his daily press conference: “I don’t think we are about to push anything back.” Indoor dining in the city has been banned since March when New York saw its first surge in coronavirus and was banned.
4. Disney is laying off 28,000 employees in its park division
Orlando is Hotwire’s first choice for “small town” vacations. Visitors take a selfie at EPCOT at Walt Disney World Resort in nearby Lake Buena Vista, Florida.
Kent Phillips / Walt Disney World Resort
Longer closures at Walt DisneyThe California-based theme parks and limited participation in the open parks have forced the company 28,000 employees to be laid off in his Parks, Experiences and Consumer Stuff Department. Around 67% of the 28,000 laid-off workers were part-time workers, according to a statement by Disney’s park manager Josh D’Amaro. Disney’s coronavirus problems were “exacerbated in California by the unwillingness of the state to lift restrictions that would allow Disneyland to reopen,” D’Amaro said. In a memo to employees, he wrote that “a decision of this magnitude is not easy,” adding that layoffs are “the only possible option.” Dow stock Disney fell nearly 2% in premarket trading.
5. Palantir among two direct listings for NYSE debuts
The logo of the US software company Palantir Technologies can be seen on January 22, 2020 in Davos, Switzerland.
Arnd Wiegmann | Reuters
Palantir, a provider of data analytics services to government agencies and large corporations, should start trading on the New York Stock Exchange on Wednesday. The NYSE announced Tuesday evening that the reference price for the direct listing of Palantir is $ 7.25 per share, valuing the company at $ 15.8 billion. consequences Spotify and Relaxed, Palantir opted for a direct listing rather than a traditional IPO. Palantir co-founders include billionaire venture capitalist Peter Thiel and CEO Alex Karp.
In another direct listing, Asana, co-founder of billionaire Dustin Moskovitz, co-founder of Facebook, is expected to trade on the NYSE on Wednesday with a reference price of $ 21 per share for a direct listing. Moskovitz, also CEO of Asana, left Facebook in 2008 to start the provider of cloud-based software for tracking group projects. Thiel was also an early investor in Asana.
– Associated Press and Reuters contributed to this report.