Joe Biden’s widening lead in polls is providing a bullish cue to investment strategists: Wall Street now sees less chance of a contested election and more chance of a "blue wave" — Democrats taking the House, Senate and White House — and the hearty stimulus that could follow.
Why it matters: A clear-cut Democratic win would "provide certainty to markets that have been nervous about election risks," Bloomberg reports, citing strategists from Citigroup to JPMorgan Chase.
The White House refused to allow Anthony Fauci or any of the medical experts on the coronavirus task force to appear on ABC's "This Week," host Jon Karl said Sunday.
White House economic adviser Larry Kudlow said on CNN's "State of the Union" Sunday that President Trump may propose a coronavirus stimulus package with an even larger price tag than the $2.2 trillion legislation that House Speaker Nancy Pelosi has offered.
Why it matters: It's highly unlikely that a bill in the neighborhood of $2 trillion, let alone more than that, would win the support of Senate Republicans. Senate Majority Leader Mitch McConnell said Friday that a stimulus deal is "unlikely" before the election.
Despite Donald Trump's crowd-pleasing campaign pledge to "drain the swamp," his family business discovered a lucrative new revenue stream once he was in office — people who wanted something from the president, the N.Y. Times reports in a 10-byline tour de force for Sunday's paper.
What they found: "An investigation by The Times found over 200 companies, special-interest groups and foreign governments that patronized Mr. Trump’s properties while reaping benefits from him and his administration," the Times wrote.
The state of play: Broadway's iconic performances have been on hold since mid-March due to the coronavirus pandemic. But even as New York gradually reopens, large indoor gatherings remain risky. Shows had already been paused through the end of 2020.