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Macro Briefing: 16 October 2020

Summary:
World Bank chief economist: pandemic is turning into major economic crisis: BBGGlobal study of remdesivir finds drug doesn’t prevent Covid-19 deaths: CNNHarris cancels trips after positive Covid-19 for 2 people linked to campaign: USATFatigue, colder weather, lax restrictions are factors in US Covid-19 rebound: WSJRecord 17 million Americans have cast early votes to date: APVeteran investor Mark Mobius sees big risk for markets in US election: CNBCPhilly Fed Mfg Index: growth accelerates in October: PFNY Fed Mfg Index: expansion slows in October: NYFUS jobless claims rose last week, highest since mid-Aug: CNBC

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World Bank chief economist: pandemic is turning into major economic crisis: BBG
Global study of remdesivir finds drug doesn’t prevent Covid-19 deaths: CNN
Harris cancels trips after positive Covid-19 for 2 people linked to campaign: USAT
Fatigue, colder weather, lax restrictions are factors in US Covid-19 rebound: WSJ
Record 17 million Americans have cast early votes to date: AP
Veteran investor Mark Mobius sees big risk for markets in US election: CNBC
Philly Fed Mfg Index: growth accelerates in October: PF
NY Fed Mfg Index: expansion slows in October: NYF
US jobless claims rose last week, highest since mid-Aug: CNBC

Macro Briefing: 16 October 2020

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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