Business Intelligence Monitor 201001

(Introduction)

[Markets]

•   Global: Equities edge higher, dollar gains on last day of choppy quarter

•   Metals: Copper rebounds on upbeat Chinese and U.S. economic data

•   Iron ore: Iron ore price jumps 5% after Vale suspension

•   Grains: Corn, soy, wheat surge on lower-than-expected U.S. grain stocks

[Indicators]

•   Markit Sep. Engineering and construction costs: Engineering and Construction Costs Fall for Sixth Straight Month on Muted New Project Demand

•   US Q2 GDP(final): Leisure, Hospitality Fared Worst in U.S. Second-Quarter Slump

•   US Aug. Oil Production: U.S. Onshore Oil Production To Fall Amid Slowdown In Drilling

•   US Sep. ADP employment: U.S. Firms Added 749,000 Jobs in September, ADP Report Shows

•   US Aug. Pending home sales: August pending home sales soar to a record high

•   US Sep. Chicago PMI:Business in Chicago region surges in September, adds to evidence of steadily improving U.S. economy

•   US Sep. Car sales:U.S. Automakers Dig Out of a Pandemic Hole as Prices Soar

•   US Weekly Mortgage rates·applications: Mortgage demand falls nearly 5%, even as interest rates dip to record

•   Germany Sep. Employment·Retail sales: German Joblessness Falls for Third Month, Retail Sales Rise

•   UK Q2 GDP(final): UK GDP collapsed nearly 20% in second quarter in historic COVID hit

•   UK Sep. House prices: UK house prices hit new high in September

•   China Sep. PMI: China’s Economic Rebound Picks Up Pace

•   Japan Aug. Industrial production·Retail sales: Japan August factory output rises 1.7% and for 3rd month in row - Nikkei Asia

•   India Aug. Core industry production: Core sector output shrinks for sixth straight month in August, down 8.5%

•   India Aug. Fiscal account: India's April-Aug fiscal deficit passes 109% of full year budget target

•   India Aug. Retail loans: Retail credit growth moderates after seeing a jump in July, shows data

•   Vietnam Q3 GDP: Việt Nam’s nine-month economic growth lowest in 10 years

•   COVID-19: Johns Hopkins University Live Updates

[News]

•   WSJ: New U.S. Coronavirus Infections Stand Above 40,000

•   WSJ: Commission Considers Changes to Format After Raucous First Debate

•   WSJ: Trump Rolls the Dice in a Big Debate Gamble

•   WSJ: Fed Caps Big Banks’ Dividends, Halts Share Buybacks in Fourth Quarter

•   WSJ: Fed’s Low-Rate Strategy Confronts Concerns over Bubbles

•   WSJ: Demographics and Debt Hang Over Long-Term U.S. Growth

•   WSJ: The Negative-Rate Debate Is Dying on the Vine

•   WSJ: Fed’s Rosengren Worries About Risks to Lending From Prolonged Virus Threat

•   WSJ: Google Unveils 5G Pixel Phones, Nest Audio Smart Speaker and First Chromecast With Remote

•   WSJ: NextEra Energy Made Takeover Approach to Duke Energy

•   NYT: With Cross Talk, Lies and Mockery, Trump Tramples Decorum in Debate With Biden

•   NYT: Of Course, the Debate Was Always Going to Be About Trump

•   NYT: Chris Wallace Calls Debate ‘a Terrible Missed Opportunity’

•   NYT: The Day in Polls: Joe Biden Wins Instant Post-Debate Polls

•   NYT: In TV Ratings, Trump vs. Biden Was No Match for Trump vs. Clinton

•   NYT: Both Parties Fret as More Democrats Request Mail Ballots in Key States

•   NYT: How Voting by Mail Tops Election Misinformation

•   NYT: As the Election Looms, Investors See Uncertainty. They Don’t Like It.

•   NYT: All Eyes Are on Pfizer as Trump Pushes for Vaccine by October

•   NYT: North Korea admits ‘faults’ in its fight against Covid-19.

•   NYT: Russians Were Urged to Return to Normal Life. Except for Putin.

•   WP: No deal after Pelosi, Mnuchin meet on economic relief, but talks will continue

•   WP: Early surge of Democratic mail voting sparks worry inside GOP

•   WP: Who are the Proud Boys, the group Trump told to ‘stand back and stand by’?

•   WP: Misinformation about Biden’s health spreads after debate

•   WP: Reliable polls show that Biden won the debate — so those aren’t what Trump’s allies are highlighting

•   WP: A two-page White House ‘race’ memo became a flash point in Tuesday’s debate

•   WP: The first debate was one of the worst moments in television history

•   WP: Trump’s debate performance shows why he is doing so poorly with female voters

•   WP: Trump unleashed a torrent of disinformation about voter fraud at the debate

•   FT: Moderna chief says its vaccine won’t be ready before US election

•   FT: US election in danger: Trump seeks to undermine legitimacy of vote

•   FT: Germany crackdown set to exclude Huawei from 5G rollout

•   FT: Renminbi set for best quarter since global financial crisis

•   FT: Spain seeks to impose tougher virus controls on Madrid

•   FT: Five takeaways from the first Trump-Biden debate

•   FT: China AI start-ups surge forward with $30bn funding since 2016

•   FT: Sunak warned taxpayer faces losses of up to £23bn in bad state loans

•   FT: Johnson tries to stabilise his listing premiership

•   FT: Johnson ‘will not hesitate’ to impose more virus restrictions

•   FT: Falling business investment scars UK’s long-term growth potential

•   FT: UK retailers pay just 13% of latest rent bill

•   FT: BoE economist warns against pessimism after record drop in GDP

•   FT: ECB to consider allowing inflation to exceed target, Lagarde says

•   FT: Why Washington’s clampdown on Chinese chipmakers could backfire

•   FT: EU won’t grant preferential trade terms to UK car industry, admits Frost

•   FT: US power players weigh carbon pricing

•   FT: American public bucks Trump on troop withdrawals from Korea

•   FT: Stakes are high in bitter battle over battery secrets

•   FT: Nikola postpones showcase as it tries to win back confidence

•   Bloomberg: The Global Economic Recovery Has Slowed From a Bounce to a Grind

•   Bloomberg: Coronavirus Super-Spreaders Drove Explosive Outbreak in India

•   Bloomberg: IMF’s Georgieva Says Covid Crisis Is a Chance to Fix Capitalism

•   Bloomberg: Australia Lays Out Rescue Plan for Economy Stung by Covid-19

•   Bloomberg: Clean-Energy SPACs Are Flooding the Market

•   Bloomberg: One Day, Thousands of Job Cuts: The Economic Pain Is Deepening

•   Bloomberg: Fed’s Bullard Breaks With Peers on Fiscal Aid, Says It Can Wait

•   Bloomberg: Italy Won’t Defuse Time Bomb at Heart of Euro Anytime Soon

•   Bloomberg: EU Eyes Tariffs Against the U.S., Putting Economy at Risk

•   Bloomberg: EU Leaders Will Call for Rebalancing Relationship With China

•   Bloomberg: Fed’s Kaplan Says Markets Have Clarity on Fed’s Policy Path

•   Bloomberg: Haldane Joins BOE Pushback on Negative Interest-Rate Speculation

•   Bloomberg: Mortgages Set for Worst September Performance in Half a Decade

•   Bloomberg: Trump-Biden Debate Analysis: President's Bare-Knuckle Night Has Election Risks

•   Reuters: TikTok will be shut down if Oracle deal meeting U.S. security needs can't be closed: Mnuchin

•   Reuters: Coronavirus: infection rate in US and Wuhan higher than previously thought

•   Reuters: WTO backs EU tariffs on $4 bln U.S. goods over Boeing subsidies -sources

•   Reuters: GlaxoSmithKline CEO optimistic COVID-19 vaccine widely available in 2021

•   Reuters: Energy security and economic fears drive China's return to coal

•   Reuters: Brazil registers over 1,000 coronavirus deaths on Wednesday

•   Reuters: Russia completes clinical trials of second potential COVID-19 vaccine: RIA

•   Reuters: Fact-checking U.S. economic claims in tumultuous Trump-Biden debate

•   Reuters: India allows states to reopen schools gradually amid rising coronavirus cases

•   Reuters: U.S. tariffs on Scotch whisky "cannot be right": UK PM Johnson

•   Reuters: Chilean government sees $74 billion dollars in mining investments over a decade

•   CNN: Analysis: US presidential debate quickly devolves into disgrace without strong moderation

•   CNN: The Trump-Biden debate cast America as victim, not leader

•   CNN: Wall Street is 'doomsday prepping' for the election. It might not be necessary

•   CNN: A Biden presidency could boost Tesla and the auto industry

•   CNN: Analysis: Biden calls Trump what he is — a jobs loser

•   CNN: Joe Biden said the economic recovery is 'K-shaped.' Here's what that means

•   CNN: Shell to cut up to 9,000 jobs in shift to low-carbon energy

•   CNN: 46 million jobs at risk as pandemic causes collapse in air travel

•   CNBC: Germany looks to tackle coronavirus rise with 3 simple strategies

•   CNBC: 15-minute coronavirus test gets the green light in Europe

•   CNBC: China has a plan for dealing with an unstable world: its own consumers

•   CNBC: Trump and Biden both say they support electric vehicles in debate

•   MarketWatch: What history says tends to happen after stock market logs ugly September losses

•   MarketWatch: 5 big financial issues Trump and Biden did NOT mention in their first debate

•   MarketWatch: Biden advantage? Here's what market analysts are saying about a chaotic presidential debate

•   MarketWatch: This tax break for first-time home buyers could keep the housing market afloat

•   Fox News: Biden says at debate he doesn't support Green New Deal, but his campaign website calls it 'crucial framework'

•   SCMP: US presidential debate a ‘live quarrel’, Chinese internet users say after Donald Trump and Joe Biden go head to head

•   SCMP: Global funds flee China’s stock market at the fastest quarterly pace in 15 months after making outsize profits for their portfolio

•   SCMP: China’s service sector looks to shine during ‘golden week’ as Beijing eyes stronger domestic spending

•   SCMP: China’s coronavirus recovery lays bare sharp regional economic disparity

•   매경(P1): 서울 다나병원 30명 집단감염…연휴 첫날부터 방역 비상

•   매경(P1): 폼페이오 美국무, 7~8일 방한

•   조선비즈: 상온 노출 독감백신 접종자 폭증… 489명 늘어난 1362명

•   조선비즈: "어머니, 주식 얼마나 들고 계세요?"… 대주주 양도세 강화 新풍속도

•   조선비즈: 日 “스가 총리, 일본 기업 자산 매각 없다는 한국 약속 있어야 방한”

•   파이낸셜뉴스: 수소 에너지 시장 2050년에 11조달러로 성장

•   더구루: 中 '수소굴기' 본격화…4년 동안 최대 3조원 푼다

•   더구루: 루마니아 당국, 두산IMGB 지분 매각 조사 착수

•   Renewables Now: Vestas secures 53-MW wind turbine order in Vietnam

•   Renewables Now: World's energy storage capacity to hit 741 GWh by 2030

•   KHL: New Bobcat backhoe for MEA, Russia and CIS

•   OilPrice.com: Key Indicator Shows Signs Of Oil Market Recovery

•   OilPrice.com: The Hydrogen Boom Is On Track To Hit $11 Trillion

•   MINING.com: Output from top copper producers down 3.7% in Q2 2020 – report

•   전자신문: 전남 신안 해상풍력발전단지 조성 '탄력'…서남권 산단 도약 예고

•   디지털데일리: GDDR6 D램 시대 온다…삼성·SK·마이크론 준비 한창

•   Robotics Tomorrow: How Robotic Technology Can Mitigate COVID-19

•   Dronelife: EHang’s Heavy Lift Drone for Short to Medium Haul Deliveries

•   Nikkei Asian Review: Analysis: With eye on 'Quad,' China steps up Japan courtship

•   Nikkei Asian Review: Japan's kingmaker quells rumors of early snap election - Nikkei Asia

•   Nikkei Asian Review: Suga's $1tn budget proposal to target digitizing government - Nikkei Asia

•   Mainichi: October brings various price changes for Japan residents

•   Mainichi: Japan's FY 2021 budget requests top 100 tril. yen for 7th year in row

•   Economic Times: India, China 'positively' evaluate outcome of 6th round of talks of their army commanders: MEA

•   Economic Times: India received 'above normal' rainfall during 4-month monsoon season, says IMD

•   Economic Times: India's richest: India’s super-rich see wealth grow 20%, 2x pace of listed cos’ mcap during Covid

•   Business Standard: GST collections for Sept may cross Rs 95,000 cr for first time in FY21

•   Hindustan Times: Centre keeps borrowing limit unchanged for FY21 - india news - Hindustan Times

•   Moscow Times: Russia Lost $7Bln in Tourist Revenue Due to Coronavirus

•   Jakarta Post: BI, Chinese central bank sign local currency settlement agreement

•   Jakarta Post: Government vows to continue coastal, port infrastructure development

[Opinions]

•   Project Syndicate(Iain Campbell, Caroline Winslow): A Cool New Energy-Efficiency Policy

•   Project Syndicate(Helen Thompson): Whither Oil?

•   Project Syndicate(Mark Leonard): Europe’s Double Bind

•   Project Syndicate(Jeffrey Frankel): The COVID-Climate Nexus

•   Project Syndicate(Gernot Wagner): The No DICE Carbon Price

•   Project Syndicate(Michael Spence): Minding the Digital Economy’s Narrowing Gaps

•   Project Syndicate(Simon Johnson): After the Vaccine

•   FT(Editorial Board): Conflict in the Caucasus

•   FT(Editorial Board): A tawdry debate shows the risk to US democracy

•   FT(Janan Ganesh): Biden fights a class war, not the culture war

•   FT(David Gardner): Erdogan is in danger of overreaching with foreign interventions

•   FT(Anne-Sylvaine Chassany): Macron’s rapprochement with Putin is not worth it

•   FT(Andrew Edgecliffe-Johnson): Big business is no longer the planet’s biggest problem

•   FT(Alan Beattie): Coronavirus-induced ‘reshoring’ is not happening

•   FT(John Redwood): Green revolution set to shake up investing further

•   WSJ(Karl Rove): This Was the Debate From Hell

•   WSJ(Chris Jacobs): Joe Biden’s ObamaCare Tax Avoidance

•   WSJ(Grover Norquist): The Trump-Biden Stakes: Your Life Savings

•   NYT(Jamelle Bouie et al): Biden and Trump’s First Debate: Best and Worst Moments

•   NYT(Thomas L. Friedman): Trump Sent a Warning. Let’s Take It Seriously.

•   NYT(Frank Bruni): After That Fiasco, Biden Should Refuse to Debate Trump Again

•   NYT(Farhad Manjoo): Trump ‘Can’t Resist People Wanting to See His Face’

•   NYT(Rachel L. Harris, Lisa Tarchak): ‘The More I Watched, the More Unsettled I Felt’

•   WP(Max Boot): Trump showed no respect for time limits, human decency or the truth

•   WP(Henry Olsen): Biden showed why wavering conservatives are nervous about voting for him

•   WP(Dana Milbank): Only the Proud Boys can take pride in Trump’s debate hooliganism

•   WP(Jennifer Rubin): Trump is right to panic

•   WP(Jennifer Rubin): Trump blows up the debate — and himself

•   WP(Paul Waldman): Trump’s message to wavering voters: Go ahead and vote for Biden

•   WP(Paul Waldman): Trump’s tirades about a ‘rigged’ election are only helping Democrats

•   WP(Karen Tumulty): The debate was a nightmare, and a fitting summation of Trump’s presidency

•   WP(Marc A. Thiessen): Biden cleared the low bar Trump set for him. But Trump still won.

•   WP(Greg Sargent): Could Trump steal the election? Here’s one way to find out.

•   WP(Helaine Olen): The horrific debate shows exactly why Trump shouldn’t get a second term

•   WP(Matt Bai): Joe Biden outperforms the performer president

•   WP(Alyssa Rosenberg): I recapped ‘Game of Thrones.’ This debate was wilder.

•   WP(David Byler): Joe Biden won Round One of the debate. Round Two is happening now.

•   WP(The Ranking Committee): Power Ranking: Here’s who won the debate — if you can call it that

•   Bloomberg(Editorial Board): A Dismal Debate Underlines the Case Against Trump

•   Bloomberg(John Authers): Why Are Markets So Calm About the Second Wave?

•   Bloomberg(Lionel Laurent): Coronavirus: Why People Have Had Enough of Lockdown Rules

•   Bloomberg(Jonathan Bernstein): A Trump Propaganda Campaign Goes Very Wrong

•   Bloomberg(Jonathan Bernstein): Trump Embarrassed His Country and Himself

•   Bloomberg(Hal Brands): Trump Thinks America Should Go It Alone. Americans Disagree.

•   Bloomberg(Ramesh Ponnuru): Trump-Biden Debate Had No Highlights, Only Lowlights

•   Bloomberg(James Stavridis): War in the Caucasus Will Draw in Russia and Turkey

•   Bloomberg(Mark Gongloff): Trump Sets Debate Trap for Biden, Falls Into It

•   Bloomberg(Lorena Gonzalez, Raul Hinojosa-Ojeda): Covid-19 Relief for Undocumented Would Boost the Economy for All

•   CNN(Scott Jennings et al): Who won the first Presidential debate? Commentary from CNN contributors

•   CNN(Peniel Joseph): Trump's toxic performance was a direct appeal to America's worst impulses on race

•   CNN(Bill McGowan, Juliana Silva): Opinion: Biden's secret body language weapon

•   CNN(Paul Callan): Opinion: Biden did the one thing he had to do to win the debate

•   CNN(Robert Alexander): Today's Electoral College is nothing like the Founders' vision

•   CNN(Jill Filipovic): Why Trump is too emotional to be president

•   MarketWatch(Chris Edelson): Biden missed an opportunity in Tuesday’s debate — here’s a winning tactic for next time

•   MarketWatch(Alicia H. Munnell): Are we undercounting or overcounting COVID-19 deaths?

•   MarketWatch(Danielle Marceau): Temporary layoffs are becoming permanent job losses

•   MarketWatch(Lawrence G. McMillan): The S&P 500’s chart looks negative — watch these two levels

•   MarketWatch(Robert Schroeder): Trump, Biden blast each other on economy, coronavirus in fiery first debate

•   Fox News(Lee Carter): In three presidential debates, undecided voters want to hear these things from Trump and Biden

•   Fox News(Matt Gorman): Trump has a new running mate now

•   Fox News(Jason Rantz): At debate Biden gave right answer on defunding police -- and it'll hurt him

•   Fox News(Liz Peek): First presidential debate leaves no clear winner, Trump needs to do this at next faceoff

•   Fox News(Tim Murtaugh): Presidential debate reminder -- Biden is a skilled debater. It's his record that's a failure

•   Fox News(Eric Swalwell): Biden wins first debate, Trump is truth’s worst enemy

•   Fox News(Ronna McDaniel): At debate Trump proves he'll keep fighting for us, Biden revealed as empty vessel

•   Fox News(David Bossie): Trump clearly defeats Biden in first presidential debate