Happy hump day!
Well, us Victorians have a public holiday on Friday, even though everything is mostly shut here and it’s at the Gabba…
Dan, wouldn’t it have been better if you postponed this “holiday” and waited for regional
Victoria to open up, to give the economy a “much needed boost” instead?
For those in Peak’s portfolio company NicoLab, you would have received a fantastic quarterly update!
In other news..For anyone who participated in Peak’s ASX:BCC placement, click the link below for a great comparison on the company’s newly launched off the grid comms ZOLEO product compared to the GARMIN.
To view the video, click here.
Last night, U.S. stocks rose even as lawmakers remained unable to clinch a fresh aid package to bolster the economic recovery. The dollar weakened.
The S&P 500 bounced back from Monday’s selloff as House Speaker Nancy Pelosi continued to negotiate with the White House on a deal near $2 trillion.
The Republican-controlled Senate continued to signal it favored a bill about one-quarter that size. Both houses of Congress need to approve any legislation. Stocks got a boost when Federal Reserve Bank of Chicago President Charles Evans said he’s “somewhat optimistic” about a 2021 economic recovery.
Futures on the Nasdaq 100 turned lower after the cash market closed when both Netflix Inc. and Texas Instruments Inc. reported results.
Tech shares mostly shook off the U.S. Justice Department’s decision to sue Google for allegedly abusing its power. Treasuries slumped, along with government bonds in Europe. Oil climbed toward $41 a barrel.
A rally built on stimulus hopes has investors weighing Pelosi’s deadline of striking a deal today against speculation that the looming election will prove too much of a hurdle to overcome.
Yet with Federal Reserve policy makers urging for more fiscal support to complement unprecedented monetary aid, many in the market may be willing to let the deadline come and go.
The SPI is up 10 points this morning.