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Investors await the first presidential debate. Energy and financials fell the most. Investors also looked to square positions near the end of the quarter. But favourable economic data provided support for markets. The Dow Jones index fell by 131 points or 0.5% after earlier being down 246 points. The S&P500 index was 0.5% lower and the Nasdaq index fell by 32 points or 0.3%.
LANSING – Governor Whitmer is extending her state of emergency order for Michigan until October 27. Under the state of emergency, Whitmer will maintain executive decision making powers as it relates to public health during the COVID-19 crisis. Whitmer also announced on Wednesday the extension of four executive orders: one allowing remote notarization and e-signatures; a […]. .
Zero Hedge 09/29/2020 19:25
Vietnam Cashes In On China Exodus. Tue, 09/29/2020 - 19:25. By Tim Daiss of. As the Sino-American trade war pushes on with seemingly no end in sight, US companies continue to move their operations away from China. This offshore pivot has taken on renewed impetus due to the Covid-19 pandemic, intersecting with geopolitical fallout between Washington and Beijing, and magnified by the US presidential election only six weeks away. Other countries are also moving operations out of China, including long-time US ally Japan. In July, Tokyo earmarked 220 billion yen ($2.2bn) as part of a record economic stimulus package to relocate its companies from China back to Japan and 23.5bn yen to move production to other countries, predominately Southeast Asia.

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