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Sept. 9, 2020, 8:52 a.m. EDT

Why an approved coronavirus vaccine may not end the pandemic quickly

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By Steve Goldstein

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It is a pretty quiet day on the economics front, highlighted by a Bank of Canada interest-rate decision and U.S. job openings data.

Former Vice President Joe Biden proposed a new offshoring tax penalty as well as a proposal to double the minimum tax on foreign earnings.

The market

After the 4.1% nosedive for the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.71% and 2.8% tumble for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.54% , futures action /zigman2/quotes/208225921/composite SP -4.43% pointed to more of an upbeat start, particularly for the Nasdaq-100 /zigman2/quotes/210598365/realtime COMP -0.71% .

Crude-oil futures rose, while gold fell.

The yield on the 10-year Treasury /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -0.28% edged up to 0.69%.

The chart

Citi reports that the easing of social distancing in the global economy continued for two weeks since late August. Global mobility improved to -14.4% from -16.5%, and to -17.4% in the U.S. after hovering around -19% for two months.

Random reads

The first 3,200-megapixel digital photo was taken — it would take 378 4K ultra-high-definition TV screens to display .

A compilation of love songs made by English singer Ed Sheeran at age 13 was sold at auction for £50,000 ($65,000).

Robot dogs joined a U.S. Air Force exercise , in a trial to see whether they can be added to “the kill chain.”

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US : Nasdaq
-105.59 -0.71%
Volume: 3.26M
July 30, 2021 5:16p
-23.89 -0.54%
Volume: 2.25B
July 30, 2021 5:06p
add Add to watchlist SP 500 FUTURES
US : U.S.: Nasdaq
$ 32.79
-1.52 -4.43%
Volume: 72,694
July 30, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$761.35 million
Rev. per Employee
add Add to watchlist NASDAQ 100 FUTURES
US : Nasdaq
-105.59 -0.71%
Volume: 3.26M
July 30, 2021 5:16p
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
-0.0034 -0.28%
Volume: 0.00
Aug. 2, 2021 1:34a

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