Update from Trump’s doctor, Sean Conley
Trump was given an experimental therapy from Regeneron yesterday and later received Remdesivir. His doctor said he will receive a five-day Remdesivir treatment and will stay in hospital for the duration.

This report is also

That took a quick turn for the worse
There is another report that he’s had a fever all day and he hasn’t tweeted so you know it’s bad.
Reports now say he’s now leaving the White House for the military hospital.

Comments from Mester:
There’s nothing surprising here but the answer about inflation is notable because there will be times next where when inflation rises above 2%, particularly when y/y comps on fuel start to hit.

Report on Trump’s health
A memo from Trump’s physician said he received a cocktail of drugs from Regeneron. A separate report says he has a low-grade fever.
Just this week Regeneron said its trial antiviral drug cocktail — named REGN-COV2 — reduced the coronavirus load and
the time needed to ease symptoms in non-hospitalized patients with
COVID-19.

Some late positive signs
The Senate risks being the major sticking point in stimulus negotiations so a small endorsement from McConnell is meaningful.

Major indices still close higher for the week
Although the NASDAQ fell over 2% today, the index still closed higher for the 2nd week in a row. The S&P index and Dow industrial average also closed higher for the week. The Dow and S&P snapped a 4-week losing streak.  The stocks snapped a 2 day winning streak

According to his spokesperson
Well, at least if a succession plan needs to be put in place we know that Pence should be fit to take up the role. That said, an early test here may not be too indicative of anything but Pence is said to be tested for the virus every day.

CNN reports
The story doing the rounds is that Hope Hicks tested negative for the virus before she boarded Air Force One on Wednesday morning but showed symptoms later in the day, and then got tested positive after that.

Forex news from the European trading session – 2 October 2020
Headlines:
Markets:
– JPY leads, AUD lags on the day
– European equities lower; E-minis down 1.5%

Long way to go before the ECB commits to any firm inflation language
Recently, they have tried to push the on their inflation outlook/mandate but then Lagarde tried to make some inroads to ‚average‘ inflation targeting – similar to the Fed – earlier in the week .