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Stocks jumped in early trading on Monday, with the Dow Jones Industrial Average opening 400 points higher and the S&P 500 and Nasdaq Composite each rising over 1%.
Why it matters: The stock surge comes after the 90-day ceasefire of the trade war between the U.S. and China, with the hope that it will ratchet down tensions between the two nations in the long term and provide relief for companies that have been feeling the pain from tariffs.
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The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.
Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.
Illustration: Sarah Grillo/Axios
Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.
Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.
Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."
Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.