Daily Archive: October 30, 2020

Tech giants disappoint, rocking global stocks and U.S. futures

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here.

Happy Friday, Bull Sheeters. Big Tech’s big four—Apple, Amazon, Facebook and Alphabet’s Google—reported on Thursday a combined $38 billion in profits, and yet Nasdaq futures are bombing this morning on the murky outlooks they provided.

Meanwhile, COVID cases hit fresh records across much of Europe and the U.S. in the past 24 hours. It’s entirely possible that Americans will see numbers topping 100,000 cases per day shortly after Election Day.

Let’s check in on the action.

Markets update

Asia

  • The major Asia indexes are solidly in the red in afternoon trading with Japan’s Nikkei down 1.5%.
  • Demand for Ant Group shares is feverish on the eve of its record-breaking IPO, forcing its underwriters to boost the fund-raising effort to a whopping $37
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NYC’s Staten Islanders vote for return to ‘normal’ in U.S. election By Reuters

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© Reuters. Junior baseball players with the Cadets 16u-Outerie are seen in their dugout during a game at the New Springville Little League on Staten Island in New York City

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By Roselle Chen

NEW YORK (Reuters) – As U.S. Election Day approaches, residents of a New York City enclave agree that they want to make America “normal” again.

They just don’t agree on how to get there.

On Staten Island, the only one of the city’s five boroughs that President Donald Trump won in 2016, a war hero’s father said he is getting flak for supporting Democratic candidate Joe Biden.

“My reason, to get some sort of normalism back to the country,” said 73-year-old Robert Ollis. “Let’s stop fighting.”

The community united behind Ollis in 2013 after his son Michael, a U.S. Army staff sergeant, shielded a wounded Polish lieutenant from a suicide bomber in Afghanistan and died

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