1. Wall Street is expected to rise as investors monitor the chances of additional coronavirus stimulus
A person walks in front of the New York Stock Exchange (NYSE) in Lower Manhattan on September 21, 2020 in New York City.
Spencer Platt | Getty Images
Wall Street should open higher on Monday. Nasdaq futures rose over 1.5% after the tech-heavy index rose nearly 4.6% last week to achieve its best weekly performance since July. Friday wins There was also a weekly advance of 3.8% for the S & P 500, also his best week in three months. The Dow Jones industry average jumped nearly 3.3% last week, making its best weekly profit since August. Stocks were helped last week by hopes of additional coronavirus stimulus.
The White House increased its offer to $ 1.8 trillion on Friday, almost double its original proposal in late summer and just $ 400 billion less than the recent Democratic bill. The government’s latest overture was criticized by Democrats and Republicans on Capitol Hill. Finance minister Steven Mnuchin and Chief of Staff of the White House Mark Meadows sent a letter to Congress on Sunday, Request for a separate vote to fund the small business paycheck protection program.
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3. Senate Judiciary Committee begins Supreme Court confirmation hearing
Judge Amy Coney Barrett, President Donald Trump’s nominee for the US Supreme Court, will meet with Senator Jerry Moran, R-KS, on Capitol Hill in Washington, DC on October 1, 2020.
Manuel Balce Cenata | AFP | Getty Images
The Supreme Court Confirmation Hearing for Amy Coney Barrett starts monday and is expected to run through Thursday. Chairman of the Senate Judiciary Committee Lindsey Graham, R-S.C. Expects the panel to approve the 48-year-old federal appeals judge next week and get the Senate majority leader Mitch McConnell enough time to bring the nomination to the Senate before the November 3rd elections.
Confirmation from Barrett, nominated to replace the late liberal justice system Ruth Bader Ginsburg, would consolidate the court’s conservative majority at 6-3. Democrats have argued that the decision to replace Ginsburg should be made after the election.
The Supreme Court has become a campaign issue with Trump pushing Barrett and the Democratic presidential candidate forward Joe Biden He refused to say whether he would widen the number of Supreme Court justices to cover the ideological divide.
4. Trump returns to Campaign Path Monday for Rally Florida
A woman watches the 2020 first presidential campaign debate between U.S. President Donald Trump and Democratic presidential candidate Joe Biden at the Grog Shop in Cleveland Heights, Ohio on September 29, 2020.
Shannon Stapleton | Reuters
Trump wants to close Biden’s national electoral lead just 22 days before the election and will try to put his fight against Covid-19 behind him when he returns to campaign. The president starts a three-week sprint with a Monday Rally in Swing State Florida. Trump rallies in Pennsylvania on Tuesday, Iowa on Wednesday, and North Carolina on Thursday.
Trump, who was discharged from hospital after three days of treatment last week, claimed on Sunday that he had recovered fully and was no longer contagious. However, he didn’t say directly whether he tested negative. Speaking from the Truman Balcony in the White House on Saturday, the president urged hundreds of mostly black and Latin American supporters to vote.
5. AstraZeneca awarded $ 486 million from the US government
A man walks past a sign at an AstraZeneca location in Macclesfield, Central England.
Phil Noble | Reuters
Based in the UK AstraZeneca has been $ 486 million awarded by the U.S. government to develop and secure supplies of up to 100,000 doses of its Covid-19 antibody cocktail, which is similar to it Regeneron Pharmaceuticals‘Treatment given to Trump. American pharmaceutical companies Regeneron and Eli Lilly have applied for emergency approval from the FDA for their antibody courses. AstraZeneca plans to ship up to 100,000 cans by the end of the year. The U.S. government could purchase up to 1 million more cans in 2021 under a separate agreement.
– Reuters and The Associated Press contributed to this report. Follow all developments on Wall Street in real time with CNBC’s live market blog.