Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Oct 06, 2020

Relief Negotiations, Unequal Recovery, Canadian Condos: Eco Day

Relief Negotiations, Unequal Recovery, Canadian Condos: Eco Day

Welcome to Tuesday, Americas. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

  • Two Cleveland houses tell a story of America's unequal recovery. An eviction notice on Clarebird Avenue and rising home prices on Daleview Drive reflect how the pandemic is reinforcing racial inequality

    • Clark medalist Emi Nakamura says pandemic savings buildup may boost recovery and could make a big difference when restrictions on spending go away
    • A growing list of U.S. companies is revealing racial workforce data
    • More than half of U.S. shoppers say they'll have less spending money this holiday due to the pandemic, while nearly 7 in 10 say the election makes them uncertain about the economy
  • House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume negotiations Tuesday on another round of pandemic relief for the U.S. economy yet there's still no clear path to a deal before Election Day
  • Federal Reserve Bank of St. Louis President James Bullard said he expects the Fed to keep its current policy
  • Central banks are shifting from saving their economies from recession to ensuring they recover -- read our guide on what the world's biggest central banks will do next
  • Toronto's flourishing housing market is beginning to show signs of strain, particularly in a condo segment suddenly flooded with new listings
    • A scorching post-lockdown rebound in Canada is now showing signs of cooling, according to Bloomberg Economics. Rising Covid-19 intensity is bringing about targeted restrictions, and colder weather will pressure activity that had been redirected outdoors
    • Brazil's Economy Minister Paulo Guedes and the powerful lower house Speaker Rodrigo Maia announced a truce on Monday evening after more than a month of crossed accusations as political leaders split over how to tackle a widening fiscal deficit
    • ©2020 Bloomberg L.P.

      Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com