2020 Ukraine grain harvest is 99% complete


Five things to know to start your day

(Bloomberg) – McConnell remains a stumbling block to the stimulus package, elections are nearing completion, and Brexit talks are struggling. Holding on Optimism of reaching a stimulus deal by the end of the year is waning as the Senate Majority Leader Mitch McConnell continues to push his own plan and maintain a hard line on introducing federal caps on COVID-19 lawsuits against businesses. There is little time left to reach an agreement. The House of Representatives is due to vote on a continuity resolution Wednesday to keep the federal government running for another week to resolve differences in a possible blanket bill that could encompass stimulus spending. Safe Harbor Today is the deadline for that. states certify their constituents for the Electoral College. After that, there is little chance that any legal challenge will nullify the outcome of the November 3 election. Despite spending $ 8.8 million on efforts to reverse the count’s result, President Donald Trump has made no progress. President-elect Joe Biden continues to form his cabinet and people familiar with the matter say he plans to nominate retired Army General Lloyd Austin as Defense Secretary. UK Prime Minister Boris Johnson said the talks with the European Union are “very complicated” but still waiting to reach an agreement. He is scheduled to meet European Commission President Ursula von der Leyen in Brussels this week after phone calls between the leaders in recent days and further negotiations failed to achieve any progress. Investors have been caught off guard by the deteriorating prospects for a deal, as the deal seemed close to being last week. Johnson had a reason to celebrate: The UK became the first Western country to start vaccinating its population against COVID-19. Markets are slipping. Lack of progress on stimulus hurdles and worsening pandemic. It is causing new restrictions around the world to weigh on perception. Overnight, the MSCI Asia-Pacific Index fell 0.1%, while Japan’s Topix Index closed 0.1% lower. In Europe, the Stoxx 600 Index was down 0.3% as of 5:50 am ET, and travel-related stocks were among the biggest losers. S&P 500 futures pointed to a similar drop at the open and the 10-year Treasury yield was 0.936%. Oil fell slightly and gold was unchanged. Also today … US non-farm productivity data for the third quarter and unit labor costs to be released at 8:30 am The Federal Communications Commission of The US starts an auction for so-called C-band frequencies that will increase the spectrum for 5G wireless networks. President Donald Trump is scheduled to hold a “vaccine summit” at the White House. H&R Block Inc., AutoZone Inc. and GameStop Corp. are among the companies reporting results.Original Note: Five Things You Need to Know to Start Your DayFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2020 Bloomberg LP

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