Saturday, April 13

Trump vs Biden: The First US Presidential debate 2020

Washington, 30th Sept 2020: During the first of the three presidential debates in Cleveland, Ohio, Trump and Biden clashed over each other’s personality, past record, family, and their visions.

Democratic challenger Joe Biden on Wednesday termed President Donald Trump a “liar” and a “clown” as the pair clashed in a fiery start to their first presidential debate.

“The fact is that everything he’s (Trump) saying so far is simply a lie. I’m not here to call out his lies. Everybody knows he’s a liar,” Biden said.

Responding to the jibe, Trump said Biden is a liar and graduated last in his class.

Attacking Trump over the handling of the coronavirus, Biden said the president has lied to Americans on the COVID-19 issue.

While on the market point of view, the US presidential debate received a mixed response in the world. In Asia, stocks of major companies in India & China lifted after the outcome of the debate.

Investors remain cautious with COVID-19 infections on the rise again in the US and elsewhere. The Trump-Biden debate occurred as coronavirus deaths worldwide have surpassed 1 million. Many millions of people worldwide are jobless.

On Tuesday, US stocks ended with moderate losses as investors waited for the first debate between President Donald Trump and Democratic challenger Joe Biden.

The first debate unlikely to put any impact on the US market. The atmosphere was antagonistic, as to be expected, but for voters still undecided about who’d better handle the multiple crises that have beset the nation, the faceoff may not have offered anything new.

Japan’s Nikkei 225 index lost 0.7% to 23,366.81, while the S&P/ASX 200 skidded 0.8% to 5,902.10. Markets were closed in South Korea.

Shares fell in Thailand and Indonesia but rose in Taiwan and Singapore.

Uncertainty over the course of the pandemic and over how it will affect the economy has clouded sentiment, with the benchmark S&P 500 on track to fall 4.7% this month, its worst month since March when the stock market plunged sharply as outbreaks spread in the U.S.

The market needs the economy to remain open, said Mark Hackett, chief of investment research at Nationwide. We can handle bumpy economic data, but markets are not priced for the economy to shut back down.

The last major jobs report before the election will come out on Friday. It is a key indicator or how businesses are faring but also politically important for both GOP and Democratic messaging heading into the election.

Economists expect 850,000 jobs were created in September, with an unemployment rate of 8.2%.