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How would markets react to a Biden victory? – The presidential election will last four months, but with a poll showing former Vice President Joe Biden with a strong lead over President Donald Trump, investors think in more detail about what a Biden presidency would mean to them. The acquisition of JpMorgan? It’s not as bad as other Americans might think.
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“The consensus is that a Democratic victory in November can be a nudes for action. However, this result is neutral to slightly positive. First, it is clear how far you can implement the Biden crusade schedule if chosen and what is the composition of your cabinet will look like … Second, the policy priorities proposed through Biden were incorporated into a healthy economy during the primaries/pre-COVID-19. Given economic weakness, recovery and employment expansion are a policy concern. that would reduce economic expansion.”
On one note, market position policy partners said they were skeptical that “a significant big apple load action was recently based on the latest results deeply independent of the November elections, with the exception of betting on higher volatility as in VIX futures, which is never a very imperative directional bet.” But that would probably reposition in September or October.
“First, economic analysts are foc in Biden’s tax plan. He said he would be the best friend to cancel the 2018 corporate tax cut, bringing velotown to 28%. This decision, in addition to rate increases elsewhere, would eliminate approximately 12% of 2021 overall gains consistent with the consistent percentage of SP 500 points, according to Goldguy Sachs estimates.”
But on the positive side of the S.P.500, Biden has not been expressed by the breakdown of tech giants as some of his Democratic war parties have done. And as JPM analysts point out, who knows how their plans would change, given the pandemic?
To receive more information about Zach Warmbrodt et al.: “Among the beneficiaries of the loan were the privately funded catering group station Five Guys, PF Chang’s and TGI Friday’s. The Americans for Tax Reshape Foundation, which touts the benefits of a smaller government, has gained help. So did the Black Caucus Congress Foundation and the Instituto del Congreso Hispano Caucus. Religious organizations and Goodwill Industries raised funds, as did about 40 Planned Parenthood affiliates. Weinstein – he applied for a loan. And Kanye West’s corporation, Yeezy LLC, won a $2 million loan to $5 million.
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DRIVING OF THE WEEK – The House Financial Services Subcommittee will hold a hearing on the safety of paychecks on Tuesday at noon … Randal Quarles, chairman of the Financial Stability Board and senior Federal Reserve official, delivers a speech at the Exchequer Club at 1 p.m. Tuesday… The House Energy and Commerce Subcommittee will hold a hearing on the dangers to consumers of the pandemic on Thursday noon … The House Financial Services Subcommittee will hold a hearing on non-easy conditions for women and minority businesses by noon on Thursday
WHITE HOUSE DEFIANT IN COVID-1nine – Our Max Cohen: “After a holiday weekend in which Covid-1nine’s total death in the United States approached 130,000, White House officials pledged to revive the economy as times grow and local officials call for new measures to combat the epidemic
“Mayors of the hardest-hit states, such as Florida and Texas, have publicly advised President Donald Trump to make a national mandate to dress in masks. Instead, the president addressed noon monday to reduce coronavirus mortality rates and voiced his grievances to the media.
THE WARNING ABOUT THE ACANTILADO- – Our Heather Caygle, Marianne LeVine and Sarah Ferris: “As the United States enters its sixth month of fighting the coronavirus pandemic, with the design times and unemployment demands rising by millions, Congress has once again returned to a double dilemma: how fitness and the economic steam station threaten the country.
“And in the typical form of Congress, lawmakers triggered a crisis this month, giving themselves weeks to negotiate a giant bipartisan aid agreement opposed to the coronavirus and send it to President Donald Trump.
THE DATABASE FOR THE SMALL COMMITMENT OF BUSINESS ERRORS – Dan Mangan of CNBC: “They can’t prove the coins because they didn’t get them, despite what the executive says. Several corporations that allegedly earned grant loans under a federal government The aid program said they had not requested, let alone received, the detailed budget in a loan database published Monday.
“This database includes lion percentage data of $521 billion approved so far under the payment verification policy program, which aims to support small businesses suffering from the coronavirus pandemic.”
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CONGRESS PRESSURE FOR FREE COMPANIES – Our Zach Warmbrodt and Megan Cassella: “Lawmakers negotiating the next small business bailout face an alleged expansion to direct more aid to minority employers suffering from the maximum pandemic but have struggled to access billions of green bills since then March.
“Collective enterprise advocates and Jstomer are pressuring Congress to prepare a gender that has relied heavily on budget distribution through their own lenders because of fears that smaller corporations will be lacking in the relationship of relationships with classic banks. A bipartisan proposal by Senator Steve Daines (R-Mont.) And Cory Booker (DN. J.), with the support of the Chamber of Commerce, would earn $50 billion in grants for state and local governments for smaller businesses and non-profit compatibility organizations.”
THE YEARS PAUSE AFTER THE FIRST PRESIDENT OF BANANZA EMPRUNT – Eric Platt and Joe Rennison of FT: “Bankers say that companies are now assessing the wear and tear caused by the crisis and hoping to borrow more, even as debt markets open into an open giant component. Through additional liquidity, corporations raised only $70 billion last week in debt markets, the lowest since mid-March, when the coronavirus crisis caused a drop in stock and bond costs. Refinitiv knowledge support. »
ACTIONS REBOUND AFTER HOLIDAYS – Anna Isaac and Akane Otani of the WSJ: “Global stocks recovered to start the week, with China’s Shanghai Compo index reaching its peak since early 2018. At a time when knowledge continued to represent a design in Coronavirus Times in the United States, which concerns some investors, they may also force officials to delay additional reopening plans across the country.
UBER EATS POSTMATES – Faiz Siddiqui and Taylor Telford of WaPo: “Uber is getting the Postmates food delivery app, a major coup for the comparative block of ride-sharing while aggressively expanding its advertising offering at the moment, Uber Eats, amid a foreign pandemic that has heavily declined in revenue.
“The $2.6 billion share agreement announced Monday streamlines departure and 3 major competitors: Uber, DoorDash and Grubhub. On a conference call on Monday he delivered the deal, Uber’s executive chairman Dara Khosrowshahi said there were “one or more rooms.” for 3 players in the delivery market, and that the Postpeers agreement would allow Uber Eats to be more efficient, lower costs and design features for customers.”
DAKOTA’S WARNING ON OIL COMPANIES IN CROCHET – Tim McLaughlin and Liz Hampton of Reuters: “Major investors in the Dakota Access Pipeline, adding Philliplaystation 66, may also face many millions of bills on bills after a U.S. court ordered The U.S. District Court for the District of Columbia ordered Energy Transfer LP to close and empty the largest bitan shale pipeline in Dakota. North in 30 days, saying that the Army Corps of Engineers had not provided a statement of intellectual influence wise enough.
BUFFETT MAKES MOVEMENTS WITH CONTROLN OIL PURCHASE – Jinjoo Lee of the WSJ: “The timing of the agreement can also show that Mr. Buffett sees a ray of hope in regulatory headaches: more obstacles to designing new pipes can also mean a wonderful burden for existing ones. The design of the pipeline has lagged far behind oil and fuel production; even with recently reduced production, pipes are likely to have a wide variety of advertising in the future. The acquisition also includes a 25% interest on the only opescore terminal liquefied herbal fuel on the East Coast.
TRANSITIONS – Virginia Boney is now Deputy Director of Policy and Strategic Planning at the Department of Commerce. Recently, she was VA’s senior senior adviser, and is a former legislative affairs officer at the National Security Council and the White House.
… And ICMYI, Andrew Olmem, former deputy director of the White House National Economic Council, “referred to [Mayer Brown] in Washington DC as a wife in public, regulatory and political law.”
MATRIMONY WEEKEND – Jack Rivers, vice president of Goldguy Sachs, married Kristen Askin, also goldguy’s vice president. The couple, who painted the global markets division, became known as an analyst in their early careers and fell in love, and married at Stanwich Church in Greenwich, Connecticut.