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Stocks finish higher after volatile day fueled by stimulus news

Consumer Staples (NYSEARCA:XLP) was the only sector in the red.

But shortly before the close the Washington Post reported that McConnell had warned the White House against a big stimulus deal before the election.

There was a last-hour rise following Senate Minority Leader Chuck Schumer saying that Democrats would still keep pushing for a deal after the election.

Ten of 11 S&P sectors finished in the green, but the market moved off its highs as Senate Majority Leader Mitch McConnell said that stimulus checks were not included in the GOP stimulus package proposal.

The market ended the day higher on stimulus anticipation, but no tangible progress was made in Washington during the trading session.

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Image of article 'Editorial: San Leandro faces big decisions; elect Hernandez, Simon'

Editorial: San Leandro faces big decisions; elect Hernandez, Simon

The incumbent for this district, Benny Lee, cannot seek reelection because he is completing the city’s maximum two terms.

Both are thoughtful candidates, with Hernandez focused heavily on the city’s budgetary and housing challenges while Simon has given a lot of thought to how best to improve the city’s policing.

The candidates best equipped for the task are incumbent Ed Hernandez in District 2 and Fred Simon, a member of the Oro Loma Sanitary District board, in District 4.

San Leandro faces financial, policing and housing challenges as voters in the Nov. 3 election pick two members of the City Council.

San Leandro voters in Districts 2 and 4 will select City Council members in the Nov. 3 election.

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Image of article 'The Supreme Court Will Let Pennsylvania Count Ballots Received After Election Day, Rejecting A Republican Challenge'

The Supreme Court Will Let Pennsylvania Count Ballots Received After Election Day, Rejecting A Republican Challenge

Democrats are challenging a decision by the US Court of Appeals for the 7th Circuit earlier this month that reinstated Wisconsin's Election Day deadline for accepting mail-in ballots; a district judge had extended the deadline for receiving ballots until Nov. 9., but the appeals court voted 2-1 to reverse that decision.

Chief Justice John Roberts Jr. sided with the court's three liberal-leaning justices in voting to deny the state Republicans' request for an immediate order temporarily halting the state court decision from taking effect before Election Day.

Pennsylvania Republicans had petitioned the justices to block a 4-3 ruling from the state Supreme Court last month that required election officials not only to count mail-in ballots postmarked by Election Day received by Nov. 6 at 5 p.m., but also to count ballots without a clear postmark during that time frame as well, as long as there was no evidence it was put in the mail after Election Day.

WASHINGTON — The US Supreme Court will allow election officials in Pennsylvania to count ballots received up to three days after Election Day, rejecting Republicans' challenge to an expansion of mail-in voting in the state.

Other cases challenging how states are handling voting during the pandemic are still working their way up through state and federal courts and could also reach the justices before Election Day.

Canada Goose to close U.S. stores on Election Day, give workers paid day off

Canada Goose Holdings Inc.

Canada Goose is a member of Time to Vote, a non-partisan organization that aims to ensure workers have the opportunity to exercise their vote without worries about missing pay.

ANF, -4.09%, E.L.F. Beauty Inc.

LULU, -3.85% "I want to remove barriers, wherever and whenever I can, so you can be a full participant in the democratic process," said Dani Reiss, Canada Goose chief executive, in a statement from an internal memo sent to MarketWatch.

Canada Goose stock has slipped nearly 3% for the year to date while the SP 500 index SPX, -1.63% is up 6.1% for the period.

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Image of article 'Stocks Waver Amid Growing Stimulus Worries'

Stocks Waver Amid Growing Stimulus Worries

U.S. stocks fell at the start of the new week, amid dimming hopes for a pre-election U.S. stimulus deal and despite data showing China’s economy continues to grow.

House Speaker Nancy Pelosi said late on Saturday that the White House had 48 hours to strike a stimulus deal with the Democrats that could pass before Election Day.

“Data on Friday showed US retail sales rose sharply in September with spending above the pre-pandemic level, but there are fears the lack of stimulus will start to bite,” said Neil Wilson, chief market analyst for Markets.com, in a note to clients.

The global recovery was in focus on Monday after China’s economy grew 4.9% in the third quarter, which was slower than expected but still shows growth momentum continues.

Boeing (BA) shares slipped 0.6% in late afternoon trades.

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Looking For Last Week's Momentum To Carry Through The Rest Of October

Those final three days accounted for pretty much all of my profits through last week, about $115,000 between my main trading account and my IRA account.

Finally, I was able to tag up on the big move in Hertz Global Holdings, Inc. (NYSE: HTZ) in Friday’s premarket and then catch Kaixin Auto Holdings (NASDAQ: KXIN) after it came out of a halt.

Those initial days of last week were mostly flat for my trading account, though Monday started off rocky with sizable losses in Monday’s leading gap stocks, Medley Management Inc. (NASDAQ: MDLY) and Lizhi Inc. (NASDAQ: LIZI).

While the broad market seems to be in a holding position until the U.S. presidential election on November 3, the stocks I traded through last week saw a good amount of momentum after a brief period of choppiness on Monday and Tuesday.

I’m hopeful this week will see more of the follow-through that the back half of last week had, but I’m still going to keep my max share size reasonable in case the market starts to waver in its support.

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Image of article 'US stocks climb on investor hope for stimulus ahead of Tuesday deadline'

US stocks climb on investor hope for stimulus ahead of Tuesday deadline

Johannes Eisele/AFP/Getty Images US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections.

The US notched its fifth-straight day of more than 50,000 new cases, and global cases passed 40 million on Monday.

US equities gained on Monday as investors stayed hopes for stimulus negotiations to bring a deal ahead of the US presidential election.

Read more: Buy these 7 unheralded stocks right now for near-term upside of at least 25% as growth accelerates to a new level, RBC says The Monday climb extends the small rally that closed out last week.

Now read more markets coverage from Markets Insider and Business Insider: 'I'm extremely concerned': A former Goldman Sachs hedge-fund chief says a flood of troubling signals shows the stock market is teetering - and warns a small correction could soon morph into something much larger 'Not out of the woods': Here's what 5 top executives said last week about the prospect of more economic stimulus The US federal deficit surges to record $3.1 trillion for 2020 amid unprecedented stimulus spending

Image of article 'Coming Soon to Xbox Game Pass for Console & Android: Tom Clancy’s Rainbow Six Siege'

Coming Soon to Xbox Game Pass for Console & Android: Tom Clancy’s Rainbow Six Siege

Hey, Operators, new step in your preparation phase: rebuild your “to play” gaming list because Tom Clancy’s Rainbow Six Siege is coming to Console with Xbox Game Pass and cloud gaming on Android devices with Xbox Game Pass Ultimate on October 22.

With a thriving professional esports scene and a community of over 60 million registered players, Tom Clancy’s Rainbow Six Siege puts players in the middle of a fast-paced, ever-evolving multiplayer experience grounded in the selection of unique operators.

Using the right mix of tactics and destruction, Rainbow Six teams engage their enemies in sieges, where both sides have exclusive skills and gadgets at their disposal.

Through the constant addition of new operators and maps that add to the depth of both strategy and combat, the unpredictability of each round of Tom Clancy’s Rainbow Six Siege sets a new bar for intensity and competition in gaming.

Another Pro Tip: You can use your membership discount to get up to 10% off in-game items – including the Year 5 pass to unlock new operators, renown boosts, and more.

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Image of article 'AMC offers private theater rentals for as little as $99'

AMC offers private theater rentals for as little as $99

Cinemagoers may be more comfortable attending when they personally know everyone in the room, and the lack of new releases is also less of a problem when it can re-show older movies on request, including horror films like The Conjuring and The Conjuring 2 for the Halloween season, or family films like Monsters, Inc. and How to Train Your Dragon.

Films include new releases including Tenet and The New Mutants Private screenings theoretically offer a way to plug some of the gap.

AMC is offering a selection of new and old films to watch, with auditorium rental prices starting at $99 plus tax.

The USA’s largest cinema chain AMC is making its screens available for private hire, allowing groups of up to 20 people to watch a film on the big screen without having to share an auditorium with strangers.

While older films start at $99 plus tax, newer films like Tenet cost between $149 and $349 plus tax to rent out a screen, according to AMC’s site.

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Image of article 'Bolivia Has a Socialist President—Again.'

Bolivia Has a Socialist President—Again.

Here is today’s Foreign Policy brief: Socialist candidate Luis Arce wins Bolivia’s presidential election according to exit polls, the European Union’s Chief Negotiator Michel Barnier is in London to continue Brexit trade talks, and the U.N. arms embargo on Iran is lifted.

After Year of Upheaval, Bolivians Elect a Morales Ally Bolivians went to the polls in their millions on Sunday to elect a new president while attempting to draw a line under a tumultuous 12 months, even by Bolivia’s own dramatic standards.

According to initial results published early this morning, Luis Arce, the party successor to ousted president Evo Morales, appears to have won the election outright in the first round of voting.

In the early hours of Monday morning, as results were becoming clear, interim president Áñez congratulated Arce on his victory.

The European Union’s Chief Negotiator Michel Barnier is in London today to continue talks over a trade deal with the United Kingdom.

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Continued Economic Rebound': Stock Market Update For The Week Ahead

Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market strategist at LPL Financial.

Recapping Last Week’s Action: Alongside fiscal stimulus hopes, U.S. index products surged past and built value above a major high-volume concentration as initiative participants (i.e., those buying within or above prior value) showed continued confidence to explore higher.

Barring some exogenous event -- such as negative news regarding added stimulus, vaccine progress, and the election -- there is good potential that the market continues exploring higher with an obvious target being, in reference to the SP 500, the prior its 2020 World Economic Outlook, the International Monetary Fund (IMF) raised its expectations on global growth, but cut long-term forecasts on a slower recovery.

Key Events Monday: Fed Chair Powell Speech, Fed Williams Speech, NAHB Housing Market Index, Fed Clarida Speech, Fed Bostic Speech, Fed Harker Speech.

U.S. consumers more optimistic about the labor market, says Fed.

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Image of article 'SNL" Spoofed The Presidential Town Halls With Wrestling, Bob Ross, And A Mister Rogers Sing-A-Long'

SNL" Spoofed The Presidential Town Halls With Wrestling, Bob Ross, And A Mister Rogers Sing-A-Long

"SNL" Made Fun Of Trump And Biden's Town Halls In Their Cold Open, So Here Are The Highlights It's just like the real thing!

As usual, the show kicked off with a political sketch, this time about Trump and Biden's respective town halls.

The cold open switched back and forth between ABC's town hall with Joe Biden and NBC's broadcast of Trump, which they described as a "Hallmark movie" vs. an "alien autopsy."

The show briefly addressed the backlash NBC has faced for running Trump's town hall at the same time as Biden's: And really set the tone for what the rest of the sketch would be like: The vibes switched up completely when the sketch returned to Biden, who was giving a soothing, albeit long-winded, response to an audience member: Of course, Paulette — the woman who made her move on Trump at his town hall despite planning to vote for Biden — made an appearance at Trump's town hall: Maya Rudolph surprised us with a Kamala Harris cameo, asking the question we all had about what the heck was going on there: Meanwhile, Savannah and Trump were brawling full-WWE style on NBC: And finally, we saw a contrastingly soothing Biden take on another childhood favorite, Bob Ross: Well, here's to seeing what wild things this week's final Presidential debate brings us on SNL.

You can watch the whole sketch for yourself below: NBC / youtube.com TV and Movies Get all the best moments in pop culture entertainment delivered to your inbox.

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by [{"@type":"Person","name":"Angelica Martinez","url":"https://www.buzzfeed.com/angelicaamartinez","jobTitle":"BuzzFeed Staff"}]
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Image of article 'RNC chairwoman says Republicans who distance themselves from Trump are 'hurting themselves in the long run'

RNC chairwoman says Republicans who distance themselves from Trump are 'hurting themselves in the long run

McDaniel made the comments after George Stephanopoulos, moderator of ABC's "This Week" asked whether she'd seen Republican senators attempt to distance themselves from the president.

Ronna McDaniel, the chairwoman of the Republican National Committee, on Sunday warned Republicans against distancing themselves from President Donald Trump as the election nears closer.

Her comments came after Trump lashed out at Nebraska Sen. Ben Sasse, a Republican, for leaked audio from a constituent town hall where he criticized the president.

Ronna McDaniel, the chair of the Republican National Committee, warned on Sunday against Republicans attempting to distance themselves from President Donald Trump.

On Saturday, President Trump lashed out against Nebraska Sen. Ben Sasse, a Republican, after audio of a constituent town hall where Sasse criticized Trump was published by The Washington Examiner.

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Image of article 'Kirstie Alley says she supports Trump's reelection because 'he's not a politician'

Kirstie Alley says she supports Trump's reelection because 'he's not a politician

Alley immediately began to trend on Twitter and the backlash to her support of Trump was immediate, with tweets popping up from users who even praised former "Cheers" star Shelley Long over the veteran actress.

The "Cheers" and "Look Who's Talking" actress, who also endorsed Trump in 2016, took to the social media platform to declare her approval of the incumbent president's job performance.

Actress Kirstie Alley on Saturday endorsed President Trump for a second term, writing on Twitter that "he's not a politician."

Actress Kirstie Alley endorsed President Trump for a second term, saying on Twitter she supports him because "he's not a politician."

This past summer, Alley was highly critical of Democratic presidential nominee Joe Biden, saying that he was being shielded from debating the president.

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Image of article 'Pete Buttigieg says his 'marriage might depend on what is about to happen' in Amy Coney Barrett's SCOTUS confirmation'

Pete Buttigieg says his 'marriage might depend on what is about to happen' in Amy Coney Barrett's SCOTUS confirmation

Buttigieg on Sunday said his views supporting the expanding of the court "haven't changed," and pointed to the policies at play in Barrett's potential confirmation by the Senate.

In an interview on "Fox News Sunday," host Chris Wallace asked Buttigieg about Democratic presidential nominee Joe Biden's views on court-packing, the act of adding more justices to shift the ideological balance.

Former Democratic presidential candidate Pete Buttigieg warned of the high stakes surrounding Judge Amy Coney Barrett's potential confirmation to the Supreme Court, including the marriage of LGBTQ couples.

Buttigieg doubled down on Democratic presidential nominee Joe Biden's criticisms of Barrett's nomination, saying Sunday that the process was "wrong."

Former Democratic presidential candidate Pete Buttigieg warned of the stakes of Judge Amy Coney Barrett's potential confirmation to the Supreme Court in an interview on "Fox News Sunday."

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Tiffany joins the Trump boys in their hilarious return to 'SNL' Weekend Update

If anything survives the hopefully losing election for Donald Trump, let it be Alex Moffat and Mikey Day's semi-regular Saturday Night Live Weekend Update appearances as Eric Trump and Donald Trump, Jr.

Especially now that they've been joined by sister Tiffany (Chloe Fineman), whose innocent idiocy both rivals and complements Eric's.

The Trump kids showed up in SNL's latest Weekend Update to talk about their dad's re-election prospects.

Pleasant, inoffensive times are had by all.

Look, it's Oct. 18 and the election is over in about two weeks.

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Image of article 'Photos show thousands joining the Women's March in DC to protest Amy Coney Barrett's Supreme Court nomination'

Photos show thousands joining the Women's March in DC to protest Amy Coney Barrett's Supreme Court nomination

Democrats also argued that the Senate is moving too quickly in the Supreme Court nomination process, urging instead for Congress to bench the decision until after the upcoming presidential election.

The Senate Judiciary Committee, after multiple days of hearings, scheduled a vote on Barrett's nomination to the Supreme Court for October 22.

Protesters, many of whom carried signs and wore costumes, also hoped to galvanize Americans to vote President Donald Trump out of office in a few weeks.

Thousands of demonstrators gathered for the Women's March in Washington, D.C., Saturday in protest of Amy Coney Barrett's nomination to the Supreme Court.

Thousands of demonstrators gathered for the Women's March in Washington, D.C., Saturday in protest of Judge Amy Coney Barrett's nomination to the Supreme Court.

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Image of article 'Muslim Americans Could Determine Whether Trump or Biden Wins Michigan'

Muslim Americans Could Determine Whether Trump or Biden Wins Michigan

Siblani also says many in the community are outraged over the Trump administration’s ban on travelers from some countries with majority-Muslim populations — a ban Biden has pledged to end.

While the state’s 270,000 registered voters of the Muslim faith could impact the outcome of this year’s presidential race, their preferences are just as diverse as their community.

While Muslim Americans make up about one percent of the overall U.S. population, they have an outsized influence in Michigan, a battleground state that President Trump narrowly won in 2016 by just over ten thousand votes out of more than 4.5 million cast.

“You’ve got to tell people something to excite them to go out and vote,” said Osama Siblani, publisher of the Arab American News, a website and newspaper popular with Michigan’s large Arab and Muslim American community.

“There is a significant amount in the Muslim community, especially in this election, who are independent and open minded in how to vote in the presidential and federal elections.

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Image of article 'We have to change Queensland': the environmental issues at stake in the election'

We have to change Queensland': the environmental issues at stake in the election

During an online environment forum organised by QCC, the state’s environment minister, Leeanne Enoch, the LNP spokesman, David Crisafulli, and the Greens MP, Michael Berkman, debated the reef regulations, climate policy and the need for more protected areas.

Graziers and sugarcane growers are lining up against the Labor government’s new laws that will allow the state to control the amount of pollution running into reef catchments.

Crisafulli moved quickly to try to hose down fears an LNP government would lead to a weakening of the state’s land-clearing laws, the Vegetation Management Act.

Crisafulli has pledged that an LNP government would retain protections for land within 50 metres of a reef watercourse, with another category covering areas protected by covenants or used for offsets.

Heath says Queensland’s fame internationally as a place rich in species and natural wonders – from reefs to ancient rainforests – should put environmental protections central to policy debates.

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Image of article 'Robinhood just had another controversial week that frustrated users. Here's what went down.'

Robinhood just had another controversial week that frustrated users. Here's what went down.

Robintrack.net was a website that used Robinhood's public data feed to tell users how many Robinhood accounts owned a particular stock on any given day.

Also on Thursday, Robinhood sent out an e-mail prior to the market open notifying its users of an increase in the cash reserve needed to trade on margin for some widely held securities.

Following a Bloomberg report from last week on a number of Robinhood users who helplessly saw their accounts liquidated, a separate Bloomberg report said on Thursday that an internal review at the company found nearly 2,000 compromised Robinhood accounts, according to an unnamed source familiar with the review.

But some Robinhood news that may excite investors is a Bloomberg report that says the app may once again make trading data public, which would reopen the popular Robintrack.net website.

Also on Thursday, Robinhood sent out notices to its users that traders on margin would have to increase their cash position on several widely held stocks to help protect them from potential volatility related to the US election.

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Image of article 'Trump's attacks on mail-in voting is playing right into the hands of America's enemies'

Trump's attacks on mail-in voting is playing right into the hands of America's enemies

In a September 3 bulletin, The Department of Homeland Security warned that a central tenet of Russia's propaganda campaign is to spread distrust around mail-in voting and in the overall legitimacy of America's electoral process in advance of the November election.

Trump has been on an assault against the legitimacy of the election, including voting by mail.

Sometimes right-wing outlets promote wild conspiracy theories and false claims that the Russians find attractively divisive and damaging to American democracy so they happily use their own networks to circulate and amplify this the so-called mainstream media has been hesitant to speak truth to power and punch back hard in order to fully inform Americans that the subversive lies that Trump and his party are telling about the upcoming election are exactly the same ones our Russian adversaries want us to believe.

A dangerous synergy What's good for Russia may be good for Trump, but the Trump campaign and its surrogates' amplification and weaponization of anti-American propaganda may well spell death for American democracy and the underlying principle of free and fair elections.

If Trump's strategy of falsely attacking mail-in voting and thereby destroying the perceived legitimacy of the November election in order to permanently consolidate his power proves successful, the mood in Moscow following the election will be just as jubilant as the mood at Mar-a-Lago.

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Image of article 'FCC Will Move To Regulate Social Media After Censorship Outcry'

FCC Will Move To Regulate Social Media After Censorship Outcry

An anonymous reader quotes a report from The Verge:"Pai's decision to move forward with rulemaking follows a series of moderation decisions on Wednesday made by Facebook and Twitter against a New York Post article regarding former Vice President Joe Biden's son, Hunter Biden, who has been the subject of political attacks from the right throughout the 2020 presidential election," the report adds.Facebook reduced the reach of the story, while Twitter banned linking to the story entirely.

"These moves from Facebook and Twitter incited an outcry over conservative bias from Republicans," reports The Verge.

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Image of article 'Local prosecutors are now the last defense against voter suppression and Election Day chaos'

Local prosecutors are now the last defense against voter suppression and Election Day chaos

“ On Election Day, local officials should be prepared to respond quickly and decisively to reports of voter intimidation. ”

They should tell voters that anyone told by a poll worker that they are not on the voter roll has the right to request a provisional ballot and is able to challenge their eligibility with their local election authority.

In the remaining weeks before the election, elected state and local prosecutors should redouble their efforts to spread the message that anyone who intimidates or harasses voters will be prosecuted.

Absent a federal response to voter intimidation or a good way for courts to oversee the process, local prosecutors must take on new responsibility for ensuring a free and fair election process.

On Election Day, local officials should be prepared to respond quickly and decisively to reports of voter intimidation.

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Image of article 'Don't Censor! Stop The Hoaxes! Facebook, Twitter Face A Catch-22'

Don't Censor! Stop The Hoaxes! Facebook, Twitter Face A Catch-22

"Nineteen days before voting closes in the 2020 election, I believe we are more vulnerable to online disinformation from both foreign and domestic sources than ever before," Nina Jankowicz, a disinformation expert at the Wilson Center, told members of the House Permanent Select Committee on Intelligence during a virtual hearing on Thursday.

Anadolu Agency/Getty Images As Election Day nears, Facebook and Twitter are finding themselves in a Catch- 22, between conservatives who accuse them of stifling free speech when they block or put warning labels on questionable posts, and others who say the companies need to do more to stamp out online misinformation and conspiracy theories.

Anadolu Agency/Getty Images hide caption toggle caption Anadolu Agency/Getty Images Facebook, YouTube, and Twitter ban certain posts from its platform.

Facebook, YouTube, and Twitter ban certain posts from its platform.

This month, Facebook, Twitter and YouTube have announced a steady stream of policies to block or limit the spread of conspiracy theories and other potentially harmful misinformation.

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