Read the unredacted Nunes memo

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
2. Politics: Space Force's No. 2 general tests positive for coronavirus
3. World: Taiwan reaches a record 200 days with no local coronavirus cases
4. Europe faces "stronger and deadlier" wave — France imposes lockdown — Germany to close bars and restaurants for a month.
5. Sports: Boston Marathon delayed — MLB to investigate Dodgers player who joined celebration after positive COVID test.