Five Things You Need to Know to Start Your Day

Stimulus chances dying, Covid restrictions tighten, and earnings season continues.

Treasury Secretary Steven Mnuchin told the Milken Institute Global Conference yesterday that "getting something done" on stimulus before the election "would be difficult." Negotiations over a new package began in July and investors now harbour little hope of large fiscal measures ahead of the election, or even by the end of the year. The three parties to negotiation -- Democrats, Republicans and the White House -- are blaming each other for the failure to reach agreement ahead of the Nov. 3 vote.