9/10 Premarket

  •  The Labor Department reported 884,000 first-time filings for unemployment insurance, compared to the 850,000 expected

● Continuing claims from those filing for at least two weeks rose from the previous week, hitting 13.385 million, an increase of 93,000 from a week ago

● kept both its rates and the size (€1.35T) and duration of its PEPP program unchanged, both as expected.

● Electric Vehicle sales outperform automobile sales in Europe and China

● Democrat Joe Biden leads President Donald Trump in six 2020 swing states

        ○ Holds 3+% advantage in Arizona, Florida, Michigan, North Carolina, Pennsylvania and Wisconsin

● Mitch McConnell and Senate GOP introduce new COVID-19 ‘skinny’ bill

        ○ Includes a $300 federal boost for unemployment benefits

        ○ Fresh relief for small businesses

        ○ Cuts out money for a second round of stimulus checks that were included in an earlier GOP                        proposal

        ○ Also doesn't offer new funding for cash-strapped states, which Democrats support.

● AstraZeneca pauses Stage 3 vaccine trials due to one participant’s “potentially unexplained illness”

● Brent Crude down to $40/barrel, lowest level since June

● The euro’s rally to a two-year high is making European Central Bank officials nervous, and putting investors and economists on the lookout for some kind of intervention as soon as Thursday’s policy meeting

● Mortgage applications to purchase a home up 40% YoY

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