Sen. Elizabeth Warren's (D-Mass.) 2020 campaign has sponsored ads on Facebook falsely claiming the tech company's CEO, Mark Zuckerberg, endorsed President Trump for re-election, Bloomberg reports.
Why it matters: Warren quickly let people know that the statement was a lie, but used the opportunity to showcase a hole in Facebook's policy "to exempt politicians' ads from its third-party fact-checking program," writes Bloomberg.
Longtime Fox News anchor Shep Smith announced on Friday that he is stepping down from his position as Fox News' chief news anchor, managing editor of the network’s breaking news unit and anchor of his weekday news show, Shepard Smith Reporting. Smith has been with the network for 23 years.
Why it matters: His departure comes as a rift grows wider between daytime news anchors and primetime opinion hosts at Fox.
President Trump said the U.S. and China reached a partial trade deal on Friday that included an agreement from the U.S. to suspend a planned 30% tariff spike on Oct. 15, while China will buy $40-50 billion worth of U.S. agricultural goods.
Why it matters: The ceasefire comes as the U.S. economy is showing signs of weakness as a result of the trade war — threatening the economic gains Trump has counted on to carry him to re-election in 2020.
$8.3 million has been spent nationwide on ads talking about President Trump's impeachment, according to Advertising Analytics, a firm that specializes in media ad spending.
Why it matters: About 75% of that spend ($6.23 million) has come from Trump's 2020 campaign and the Republican National Committee. The Republican establishment wants to turn the impeachment crisis into a political tool, doubling down on the issue in an effort to curry favor 2020 voters — rather than hiding from it.
In Silicon Valley, Paul Martino is known as a serial entrepreneur who later founded Bullpen Capital to invest in such startups as FanDuel, Ipsy, and SpotHero.
The other side: In Hollywood, he's the guy making a movie about his cousin Tommy, who served time for his key role in the NBA's game-fixing scandal.
Investors moved an additional $20.2 billion into money market funds last week, while pulling $13.8 billion out of equity funds, data from the Investment Company Institute shows.
Why it matters: The increased desire for money market funds, which are ostensibly savings accounts, has come as yields on the 10-year Treasury note fell from 2.51% on April 3 to 1.59% on Oct. 2, showing it's fear rather than greed driving fund flows.
As global growth continues to fall, the world’s top economists and financial authorities are signaling an openness to experimenting with previously fringe economic ideas that just a few years ago would have been considered extreme or even laughable.
What’s happening: Central bank policies, which now include negative interest rates in Japan and the eurozone, have yielded negligible improvement.
