Midday News To Use: 10.07.2020

No Real Help
Things just went from bad to worse as the President tweeted yesterday that Stimulus talks were off until after the election. Which sent the markets sharply downward. Late last night the President tried to smooth things over by saying, in a tweet, that a couple provisions of the plan should be passed, But only things that help businesses not the general public. That sent the markets up this morning.
More.

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It Means Something
The vice presidential debate between VP Mike Pence and Sen. Kamala Harris is tonight at the University of Utah, and Covid-19 precautions are top of mind. The participants will be 12 feet apart and separated by plexiglass barriers. VP debates are usually an undercard, but given that President Trump and Joe Biden are both in their 70s, Pence’s and Harris’ appearances seem to mean more this time around. Watch tonight at 9 p.m. ET.

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Not a Board Game
According to a 16-month congressional investigation into the tech giants. Amazon, Apple, Google and Facebook hold “monopoly power” in key business segments and have abused their dominance in the marketplace. The House Judiciary Committee’s antitrust panel said the companies’ anticompetitive conduct has hindered innovation and weakened the marketplace. As expected Amazon, Apple, Google and Facebook all spoke out against the report. Antitrust enforcers at the Justice Department and the Federal Trade Commission are preparing for legal action against some of the companies. It looks like Congress could attempt to rein Big Tech’s influence.
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Rock n Roll Heaven
Accolades and condolences are pouring in for Eddie Van Halen, the lead guitarist and name sake of the iconic rock group Van Halen, on information of his passing yesterday, after a long fight with cancer. Long known as one of the best guitarist in the world, Eddie said that his only influence was Eric Clapton, even though he didn’t sound like him. Eddie’s son Wolf posted a note on tweeter saying, “He was the best father I could ever ask for,” “Every moment I’ve shared with him on and off stage was a gift.”
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Not That Hard
At 102 years old, Bea Lumpkin has never missed voting in a presidential election. And even though casting her ballot was more dangerous this year, she didn’t let the coronavirus epidemic stop her. A now-viral photo, shared by the Chicago Teachers Union, shows the former teacher of 35 years wearing elaborate personal protective equipment to send out her mail-in ballot. In the moment, she’s all smiles as she holds up her ballot wearing gloves and a hot-pink coat. See the story here.
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