1. Inventory futures flip constructive in persevering with tech inventory bounce
The S&P 500 jumped 2%, however was nonetheless 5% beneath final week’s report highs. The Nasdaq soared 2.7%, although it remained over 7% beneath final week’s report highs. All three benchmarks completed off their highs after fast dips proper earlier than Wednesday’s shut.
Shares of Apple, a Dow inventory and a serious drive within the S&P 500 and Nasdaq, had been regular within the premarket after leaping nearly 4% on Wednesday. Nevertheless, Apple was nonetheless off about 14% from final week’s report highs.
2. New weekly jobless claims below 1 million once more
A whole lot of jobless individuals wait outdoors the Kentucky Profession Middle for assist with their unemployment claims on June 19 in Frankfort, Kentucky.
John Sommers II/Getty Pictures
The federal government stated Thursday there have been 884,000 new filings for unemployment benefits for the week ending Sept. 5, greater than estimates of 850,000 and equal to the revised preliminary jobless claims quantity within the prior week. Distinctive circumstances related to the coronavirus possible prompted claims totals to be overstated through the pandemic.
Senate Majority Chief Mitch McConnell, R-Ky., is “optimistic” that Republicans would ship robust assist for the GOP’s $500 billion slimmed-down Covid-19 rescue package in Thursday’s procedural vote. Democrats stated the GOP invoice is way too small and leaves out vital priorities, together with funding for state and native governments and extra beneficiant jobless advantages. Either side have been in a stalemate over how you can craft additional pandemic stimulus.
3. Woodward’s e-book reveals Trump downplayed coronavirus risk
U.S. President Donald Trump delivers remarks on judicial appointments throughout a quick look within the Diplomatic Room on the White Home in Washington, September 9, 2020.
Jonathan Ernst | Reuters
President Donald Trump stated he needed to publicly downplay the specter of the coronavirus whilst his advisors warned him in regards to the risks of the illness, according to Bob Woodward’s forthcoming second book on the Trump presidency, “Rage.” CNN printed audio of the journalist’s March 19 interview with the president for the e-book. Trump is heard saying, “I needed to at all times play it down. I nonetheless like taking part in it down as a result of I do not wish to create a panic.”
Democratic presidential nominee Joe Biden blasted Trump after the Woodward revelations. “It is past despicable. It is a dereliction of responsibility. It’s a disgrace,” the previous vp stated Wednesday at a marketing campaign occasion in Michigan. Trump, who plans to go to swing state Michigan on Thursday, addressed the e-book Wednesday at a White Home occasion, saying, “You can not present a way of panic or you are going to have larger issues than you ever had earlier than.”
4. Empty rental flats in Manhattan surge throughout pandemic
With the Empire State Constructing within the background, residence buildings stand within the Chelsea neighborhood in Manhattan in New York Metropolis.
Drew Angerer | Getty Pictures
The variety of empty rental flats in Manhattan almost tripled in contrast with final 12 months, as extra New Yorkers fled the town through the pandemic. There have been more than 15,000 empty rental apartments in Manhattan in August, in response to a report from property firm Douglas Elliman and actual property consultancy Miller Samuel. Nevertheless, median rental costs fell solely 4% in August, not sufficient to to lure new renters again to the town. The common rental worth for a two-bedroom in Manhattan continues to be $4,756 a month.
5. Kansas Metropolis Chiefs open NFL’s socially distanced season
Patrick Mahomes #15 of the Kansas Metropolis Chiefs appears to be like to go in opposition to the San Francisco 49ers in Tremendous Bowl LIV at Exhausting Rock Stadium on February 02, 2020 in Miami, Florida.
Focus On Sport | Getty Pictures
The Tremendous Bowl champion Kansas Metropolis Chiefs will open the NFL’s season in opposition to the Houston Texans on Thursday earlier than a crowd of simply 17,000 socially distanced hometown followers. That is about 22% of Arrowhead Stadium’s capability as a consequence of coronavirus security precautions. One other change, ushered in by the nationwide push for racial justice following the Could 25 police killing of George Floyd in Minneapolis, headdresses and face paint are being banned. NFL groups with Native American names are going through elevated scrutiny after the Washington Soccer Group dropped its racially offensive moniker.
— The Related Press contributed to this report.