Rebound Plateau, Pre-Election Jobs, Tick Tock TikTok: Eco Day

Welcome to Monday, . Here’s the latest news and analysis from Bloomberg to help take you start the week.

  • ’s economic rebound showed signs of plateauing in September, weighed down by lackluster home and car sales, a weaker stock market and worsening business confidence
  • The last U.S. report before the November election will probably show the labor market’s rebound continued in September, though losing some steam: Week Ahead
  • A lawyer for TikTok told a federal judge that President Donald Trump’s impending ban on the video-sharing app is irrational given that its Chinese owner is in talks to strike a deal the president himself has demanded
  • India’s President Ram Nath Kovind approved three controversial farming bills that resulted in protests by Prime Minister Narendra Modi’s opposition and prompted an ally to leave the ruling coalition
  • ECB Governing Council member and Bank of Italy Governor Ignazio Visco said Sunday he’s not counting on advances in the fight against Covid-19 to give any unexpected boosts to struggling economies
  • Australia’s budget deficit is set to widen from estimates two months ago due to Melbourne’s renewed lockdown, but will be somewhat mitigated by a resilient iron ore price
  • U.K. Chancellor of the Exchequer Rishi Sunak has put more than a million jobs at risk in industries unable to reopen — or only able to do so partially — because of ongoing coronavirus restrictions, the opposition Labour Party said
  • Neutral Switzerland voted in favor of buying new fighter jets for as much as 6 billion francs ($6.5 billion) by a razor-thin margin, while citizens rejected a “worse than Brexit” curb on immigration

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