•  AT&T Inc's WarnerMedia is preparing a restructuring that aims to cut costs by as much as 20% and would result in layoffs. 
• And HBO Max is still not on Roku - remarkable. The stock is down 27% for the year. Ok, so the dividend is 7%, but that’s still a 20% loss.

• (do these guys know what they are doing? Seriously, do they?)

•  Current active cases in NZ: 37 

• Current active cases In the White House: 34

 International Business Machines Corp IBM is splitting itself into two public companies. (Monthly Chart)

 Quick Overview is up to date

•  Who made this beautiful art? for the fly with 75,000 followers. 
• https://twitter.com/MikePenceFly___

 And in the Dow Theory department,  Dow Transports are leading to a  new all time high.

• The BDI Baltic Dry Index is making a 1year high. (something positive)

 

 Stock are back up as Trump is once more changing course. 

Britain bans the sale of cryptocurrency derivatives, saying they have no value for investors.

The U.S. trade deficit expanded to $67.1 billion and is now at its widest since 2006.

• Facebook (AKA  the plague on humanity) says it will ban Qanon, full stop - lets see ..

 

(Reuters) - U.S. Senate Republican Majority Leader Mitch McConnell said on Tuesday he agreed with President Donald Trump’s decision to pull the plug on negotiations on a new coronavirus relief bill.

• Whereas, in one of his strongest appeals to date, Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.

 

FT 'If you don’t get out in front of the crisis and put forth a plan right away, then you are going to spend the rest of your time responding' - US aviation union president on protecting members as pandemic tears through the industry.

• States are cutting jobs, revenue declines - prospect for fiscal aid fades.

 

 Trump is rejecting Pelosi's 2.4 T  dollars

• US media coverage of climate change - gradually  waking up. ( I remember a "scary" early 1970 Economist article - ahead of its time)

Loos like TD Ameritrade and Schwab are now one. 

To have accounts at separate firms is getting to be a full time job.

•  US Ag. Exports to China

•  U.S. private sector financial assets (without real estate) as % of GDP at the highest in 70 years (via DailyShot & BoA)

 

FT Exclusive: South Korea’s Samsung is under fire after its insurance units financed $14bn of ‘deplorable’ coal projects and investments over the past decade, according to data provided to the FT

•  Someone appears to want the  stuff.

So far in 2020, we've had apocalyptic fires in Australia, California, Siberia, Ukraine, South America’s Pantanal; The warmest Arctic in 3 million years; Hottest Antarctica temperature on record; An insect apocalypse; Deforestation galore and a global pandemic. It's 6 Oct.. Assaad Razzouk @AssaadRazzouk 

•   But then, after centuries of searching, we have found the fountain of youth…

 Wearing a mask appears to make  a positive difference in a number of ways, see US and Japan.