Mnuchin Throws Cold Water on Stimulus Talks Three Weeks Before the Election

[Click to view in browser](. Oct 14th 2020 Dear InvestingChannel Reader, The S&P 500 is down for a second day Wednesday. The two-day 1.4% decline has been orderly and not entirely surprising given the S&P 500’s 9% surge in the prior two weeks. Lackluster earnings from major banks are weighing on the financial sector and the broader market took a dip midday after Treasury Secretary Steve Mnuchin offering cautious comments about the next round of fiscal stimulus, saying that it will be difficult to reach a deal before the elections because significant differences between Democrats and the White House remain. Earnings from other financial names—Schwab (SCHW), Morgan Stanley (MS)—will help set the tone for trading tomorrow. Weekly jobless claims, manufacturing data, and import/export prices are on tap Thursday morning as well, then focus shifts to a report on retail sales Friday. The floodgates on Q3 earnings reports then open wide next week and, with the elections just three weeks away, get ready for choppy market action through month end. Meanwhile, here are some other stories that caught our eye: - [Dollar Fades After Best Day in Three Weeks]( - [Europe Shrugs Off Wall Street and Asia Declines as Brexit Deadline Nears]( - [France Bracing for COVID-19 Restrictions]( - [Oil Rises on Boost From Strengthening Equities]( - [Walmart to Spread Out Deals to Avoid Black Friday Crowds]( - [9 Biotech Stocks With Material Catalysts in Q4]( - [The Pros and Cons of Disney’s Dividend Cut]( - [Roth Capital Downgrades Workhorse Group; USPS Contract Award Decision Delayed]( - [Wells Fargo Fades as Earnings Leave Investors Cold]( - [Goldman Sachs Profit Nearly Doubled, Boosted by Trading]( [What Is the State of the Options Industry?]( 2020 has been a year unlike any other. But what are the takeaways for options investors? To find out, watch this exclusive, free webinar — The State of the Options Industry — presented by OIC. [Sign up now to watch for free.]( Sponsored Nio shares breaking out to new highs [JPMorgan Sees the Stock as Attractive Long-Term Bet in Fast-Growing Chinese EV Market]( [(Benzinga)]( Upbeat commentary on the overall Chinese new energy vehicle, or NEV, market. [Click here to read more.]( Making a splash [Bed Bath & Beyond Announces Major Shake-Up]( [(StreetInsider)]( The company announced that it has entered into separate agreements to sell its Christmas Tree Shops retail banner, its institutional Linen Holdings business, and a distribution center. [Click here to read more.]( [Experts agree, COVID-19 provides incredible profit opportunities]( Discover which stocks are benefiting the most from COVID-19 and how you can PROFIT! [Click here to automatically subscribe.]( Sponsored Time to bet on Buffett? [Why Berkshire Hathaway Stock is a Compelling Investment Case]( [(InsiderMonkey)]( Black Bear Value Partners highlighted a few stocks and Berkshire Hathaway is one of them. [Click here to read more.]( Weakness in the financials Wednesday. [Bank of America Drops as Revenues Fail to Hit Targets]( [(BayStreet)]( Shares fell Wednesday’s after the lender posted third-quarter results that missed on revenue. [Click here to read more.]( [Chainlink (LINK) Still Looks Good Despite Loss of Upward Momentum]( by [Barchart]( The leading Ethereum-based cryptocurrency underwent a strong bounce from its $7.75 lows to a recent high just shy of $12. [Read more.]( [In-Depth Market Analysis Delivered Straight To Your Phone]( Sponsored by [IC]( With Covid-19 completely upending economies and markets it is becoming harder and harder to separate the important updates from the noise. Now with perspectives from our team of experts in equities, forex and commodities you won't have to. Get in-depth analysis on the markets now. Download the FREE app from [Android Play Store]( or [iOS App Store.]( [Concho Resources Rallies on Report Of M&A Interest From ConocoPhillips]( by [Benzinga]( A steep fall in crude prices has pushed many oil producers to the verge of bankruptcy, leading to consolidation in the oil-rich shale patch. [Read more.]( Copyright 2020, InvestingChannel, All Rights Reserved | [Privacy Policy]( [InvestingChannel, Inc.]( P.O. Box 118 New York, NY 10018. To unsubscribe, [click here]( [Link](