Here’s what you need to know about the impact of Covid-19 to navigate the markets today.
JPMorgan Chase reportedly fired staff home after an employee at his headquarters on Madison Ave. in New York has tested positive for Covid-19. The company notified employees on September 13 Bloomberg Reports. The company has told employees to be ready to return to the office by September 21, even though tech companies like
have provided homework deadlines through 2021 and beyond. CEO Jamie Dimon at the Singapore summit earlier today, warned of the long-term negative effects if working from home was prolonged too long. We have been handling individual cases within the company over the past several months and following appropriate protocols when they occur, a
spokesperson said Barrons. Weren’t going to comment on a single case.
Federal prosecutors have opened a criminal investigation into whether former national security adviser John Bolton mishandled classified information, The Wall Street Journal reports. Federal prosecutors have issued summons to appear before a grand jury to the publisher and literary agent for Boltons, requesting all communications they had with Bolton. Bolton has not received an individual summons, the Journal reports. The Department of Justice had previously filed an unsuccessful complaint to block publication of the book Boltons. However, the judge in that case noted that even though, as Bolton said, his book had been approved by a Trump administration official, Bolton still bet it did not contain classified information. As such, Bolton exposed himself to criminal liability, but that does not justify blocking the sale of the book.
United Arab Emirates urgently approved possible Covid-19 vaccine in China, making it the first country outside of China do this. China has already given the green light for three vaccines developed in the country for emergency use, and hundreds of thousands of people, including medical workers, employees of state-owned companies and journalists, have received doses, belonging to in the state.
said. None of the Chinese vaccines have completed Phase 3 trials to prove they are safe and effective, and because domestic cases of the virus are now so low, final trials are underway overseas in countries where the number of cases is higher.
After months of failed negotiations, 50 Republicans and moderate House Democrats to unveil $ 1.5 trillion coronavirus stimulus package today, even if they would have conceded privately that the package is unlikely to succeed. Speaker Nancy Pelosi (D., California) would have said Tuesday that the House would remain in session until a coronavirus relief deal is reached with Republicans in the White House and Senate. We must stay here until we have a bill, President Pelosi reportedly said on a conference call with Democratic representatives. Senate Republicans failed to pass a slashed $ 500 billion stimulus bill last week. The sum of the so-called meager bill was far less than the $ 2 billion Pelosi had told White House negotiators she would agree to. The Senate bill also did not include money for state and local governments, a sticking point for Pelosi and other Democrats. The bipartisan group’s House bill is expected to include around $ 500 billion for state and local governments, according to reports. The House Problem Solvers Caucus, the group that pushes the compromise bill, does not have a good record of negotiating large-scale legislative deals and the House currently does not have a vote on an aid package. coronavirus expected during its current three-week session.
Bill Gates believes the Food and Drug Administration and the Centers for Disease Control and Prevention have lost some of their hard-earned credibility and wonders if the FDA’s assessment of possible Covid-19 vaccines can be reliable, he said in an interview with Bloomberg. We’ve seen with the completely failed plasma claims that when you start pressuring people to say optimistic things, they go off the rails completely. The FDA lost a lot of credibility there, Gates, the billionaire founder of
and philanthropist, said. Historically, just as the CDC was considered the best in the world, the FDA had the same reputation as a top regulator. But there were flaws in some of the things they said at the commissioner level.
President Donald Trump blamed forest management and doubted climate science visiting fire-ravaged California, while former Vice President Joe Biden said in a speech in Wilmington, Del. that fires would be more frequent, more devastating and more deadly if President Trump won the November election. If you give a climate arsonist four more years in the White House, why would anyone be surprised if we have more America on fire? Biden said.