1. Stocks decline after Trump and First Lady test positive for coronavirus
People walk past the New York Stock Exchange.
Spencer Platt | Getty Images
Dow futures pointed to it A drop of over 350 points when it opened on Friday after the President Donald Trump‘s early morning tweet that he and first lady Melania Trump tested positive for Covid-19. Dow futures showed losses of 500 points immediately after the tweet at 12:54 p.m. ET. Bond prices, moving in reverse to yields, rose higher. T.The 10-year Treasury yield fell to around 0.66%. Wall Street started October growing Thursday after a rough September, the first monthly loss since March.
In the economic calendar on Friday, the Ministry of Labor said a fewer than expected 661,000 non-agricultural jobs were created last month. The country’s unemployment rate fell by half a percentage point to 7.9% in September. This was the government’s last monthly employment report before Election Day on November 3rd. The economists polled by Dow Jones had expected wages to grow by 800,000 and an unemployment rate of 8.2%.
2. White House Doctor Expects Trump to “Continue To Do His Duties” During Recovery
U.S. President Donald Trump and First Lady Melania Trump return to the White House in Washington DC on September 11, 2020.
Andrew Caballero-Reynolds | AFP | Getty Images
The President and First Lady are according to a Testimony from the White House Doctor, Dr. Sean Conley, Released shortly after the President’s tweet. Conley also wrote that he expects Trump “to continue performing his duties uninterruptedly while he recovers”. The statement also said the President and First Lady plan to “stay in the White House during their recovery”. The announcement came hours after the president announced he would initiate a quarantine process after top aide Hope Hicks tested positive for coronavirus.
Vice President Mike Pence and the second lady, Karen Pence, tested negative for coronavirus.
Trump is due to appear at the second presidential debate with Democratic candidate Joe Biden on October 15 and 13, after revealing his diagnosis. During their first debate on Tuesday evening, the President mocked Biden for wearing masks and downplaying the virus for wearing masks.
According to CDC guidelines, people should stay home for 14 days and be quarantined if exposed to the virus. The Brookings Institution, in a research report, wrote that Trump’s “age and obesity placed him in higher risk categories for more severe symptoms” of Covid-19. The president is 74. The first lady is 50.
3rd Vice President, then House Speaker next to rule the country
If he is no longer able to carry out his duties as President, Power would be transferred to pence under Section 3 of the 25th Amendment, adopted in 1967 following the assassination of President John F. Kennedy in 1963. Pence would become the incumbent president, although Trump could stay in office and regain power. The House Speaker, in this case a Democrat Nancy Pelosi, is next in the US succession plan, followed by the Senate President pro tempore, the Republican Senator. Chuck Grassley.
4th House Adopts $ 2.2 trillion Democratic Coronavirus Recovery Plan
U.S. House Speaker Nancy Pelosi, Democrat of California, holds her weekly press conference on Capitol Hill in Washington, DC on October 1, 2020.
Nicholas Comb | AFP | Getty Images
The House Adopted a $ 2.2 trillion Democratic Coronavirus stimulus plan Thursday night as the Democrats and Trump administration struggle to close an aid deal. On a vote between 214 and 207, 18 Democrats voted against the move as lawmakers in competitive districts become increasingly aware of the persistent dead end in aid. Senate Majority Leader Mitch McConnell has spoken out against the legislation as his caucus refuses to spend trillions more on federal response to the pandemic. The vote in the House of Representatives followed a conversation between Pelosi and Treasury Secretary Steven Mnuchin on Thursday, in which no aid agreement was concluded, but rather the continuation of the talks was agreed.
5. According to Amazon, almost 20,000 employees tested positive for Covid-19
Peter Endig | AFP | Getty Images
Amazon Comprehensive data on the spread of the coronavirus among its employees were released on Thursday, which was first published more than 19,000 workers, or 1.44% of the total contracted the virus. Between March 1 and September 19, Amazon counted 19,816 suspected or confirmed Covid-19 cases in its approximately 1.37 million employees on the front lines of Amazon and Whole Foods Market in the United States. Amazon previously refused to share the data as it was misleading and lacking context. In Thursday’s blog post, the company asked other companies to publish such data. “Widespread availability of data would allow us to evaluate our progress and share best practices between companies and industries,” the company wrote.
– Associated Press and Reuters contributed to this report.