Health and Fitness

5 things to know before the stock market opens November 20, 2020

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Here’s the most important news, trends and analysis that investors need to start their trading day:

1. Investors assess vaccine news against Covid-19 case spikes

Two Covid stimulus developments are also being assessed on Wall Street.

First, Treasury Secretary Steve Mnuchin decided to cut the Federal Reserve’s lending power, although it could be reversed by Mnuchin or a new Biden Treasury secretary. Mnuchin told CNBC on Friday people are misunderstanding the Fed funding decision and said there’s plenty of firepower left. Chicago Fed President Charles Evans expressed disappointment on CNBC on Friday in the Treasury’s move.

Second, Senate Majority Leader Mitch McConnell, R-Ky., has agreed to resume negotiations with Democrats over a potential new coronavirus relief bill, Sen. Chuck Schumer, D-N.Y., said.

2. Pfizer and BioNTech to request emergency authorization

Under the Pfizer-BioNtech deal, the 27 EU countries could buy 200 million doses, and have an option to purchase another 100 million.

NurPhoto | Getty Images

3. Conflicting developments around remdesivir

The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, September 17, 2020.

Mike Blake | Reuters

4. CDC urges Americans to stay home for Thanksgiving

Passengers wait to board a United Airlines flight bound for Honolulu at SFO in San Francisco, Calif. on Thursday, Oct. 15, 2020.

Paul Chinn | San Francisco Chronicle | Getty Images

5. Trump campaign won’t give up challenges to Biden’s victory

Democratic President-elect Joe Biden delivering remarks on Covid-19 at The Queen theater on Oct. 23, 2020 in Wilmington, Delaware and U.S. President Donald Trump addressing supporters during a Make America Great Again rally in Gastonia, North Carolina, Oct. 21, 2020.

Getty Images

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