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Added on the 31/05/2019 17:27:22 - Copyright : Wochit
(CNN) Tiffany Trump, the youngest daughter of President Donald Trump, announced her engagement to Michael Boulos Tuesday. Her happy news -- which happened at the White House -- comes on her father's final full day in office. "It has been an honor to celebrate many milestones, historic occasions and create memories with my family here at the White House, none more special than my engagement to my amazing fiancé Michael! Boulos, described by Town & Country as a "scion from a wealthy family overseas" and by Vanity Fair as a "billionaire heir," posted the same image, writing, "Got engaged to the love of my life!
President-elect Joe Biden unveiled a three-part plan to address the COVID-19 pandemic. This plan is to take place in his first 100 days as president, says Business Insider. The plan, he said on Tuesday, includes asking all Americans to wear a mask. He also plans to complete 100 million vaccine shots and open most schools. "My first 100 days won't end the COVID-19 virus, I can't promise that," Biden said. However, Biden does believe the 100 days we can change the course of the disease in the US.
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
According to Business Insider, just days after the election results were made official, President elect Joe Biden shared his plans to address US healthcare. It includes: 1. Organizing a COVID-19 task force to help manage the new surge in cases, helping at-risk communities, and federalizing coronavirus response efforts. 2. Keeping the Affordable Care Act (ACA) in tact. 2.3 million people lost healthcare access due to ACA changes under the current Trump administrationn. 3. Increasing digital telehealth access, and expanding it to rural communities with limited resources. Although Democratic Biden won the presidential election, he may still face an uphill battle when it comes to his policies. The Republican party currently controls of the Senate, which may change after two January runoff races.
An RBC Capital Markets analyst says that based on recent options trading, the market believes the next US president will be known by November 6th. However, Amy Wu Silverman, RBC's head of derivatives strategy, believes the risk of a contested election is 'severely underpriced' in the stock market. According to Markets Insider, the stock market is eagerly waiting for Congress to pass the next fiscal stimulus package. However, no progress will be made until a clear winner of the election is determined. We in the options market think about tail events, my worry now is that maybe a situation coming up where there is not a clear winner for a while. Amy Wu Silverman, Head of Derivative Strategies RBC Capital Markets A tail event is an unpredictable and rare market outcome that could come as a shock to investors.
Republican Rep. Doug Collins of Georgia is making a run for the Senate. He faces stiff competition from Sen. Kelly Loeffler and Democratic challenger Rafael Warnock, who has a significant edge over both GOP candidates. Now, Business Insider reports Collins has appointed Roger Stone as a campaign surrogate. The longtime GOP operative--and ardent ally of President Donald Trump--will campaign for Collins next week. Stone was imprisoned on charges of obstructing a congressional probe into 2016 election interference. However, his prison sentence was commuted by Trump in July.
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