By Stephen
Culp
NEW YORK (Reuters) - International stocks rose on
Friday, with all three major Wall Street indexes posting weekly gains as
investors grew more hopeful the U.S. government would provide additional
economic stimulus.
Gold jumped
and the dollar dropped as investors focused on the probability of forthcoming
U.S. coronavirus relief.
Wrangling in
Washington over pandemic aid has dominated global markets this week, and
although U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin
failed to hammer out a deal, talks will continue despite Republican doubts.
Trump said
in an interview on Friday that he wants to see a bigger stimulus package than
either Democrats or Republicans were offering, a reversal from his threats at
the beginning of the week that he would halt negotiations.
“We’re in
one of those periods where Washington is driving Wall Street, be it either the
presidential election or fiscal stimulus and today it was about the stimulus,”
said David Carter, chief investment officer at Lenox Wealth Advisors in New
York.
“Markets are
up on the hope that more fiscal stimulus is coming but its really just hope, as
communication from Washington has become somewhat erratic,” Carter added.
---- Reuters/Ipsos polls show Trump’s
approval rating plummeting, with Americans steadily losing confidence in his
handling of the pandemic, while Democratic challenger Joe Biden makes gains in
several key swing states.
“Biden is rising in the polls, creating both
hope that fiscal stimulus is coming and less of a chance of a contested
election which could be a real problem for markets,” Carter said.
Next week, investors’ attention will shift
to reporting season, and analysts now see third-quarter S&P 500 earnings,
in aggregate, falling by 21% year-on-year, according to Refinitiv.
The Dow Jones Industrial Average .DJI .SPX .IXIC
European
stocks posted a second straight week of gains on upbeat earnings forecasts,
while investors paid close attention to fiscal aid talks in the United States.
More
https://uk.reuters.com/article/uk-global-markets/wall-street-closes-higher-on-u-s-stimulus-hopes-gold-spikes-and-dollar-drops-idUKKBN26T3SI
Cruz: GOP could face
'bloodbath of Watergate proportions' on Election Day By Jonathan Easley - 10/09/20 10:52 AM EDT
Sen. Ted Cruz (R-Texas) on Friday warned Republicans the party could face a
“bloodbath” in November if voters aren’t feeling optimistic about the economy
and the direction of the pandemic.
Speaking on CNBC’s “Squawk Box,” Cruz said the presidential
election is extremely "volatile" and that President Trump could still get reelected by a “big margin” if voters feel like the
U.S. is recovering from the pandemic-induced economic shutdown.
But he warned the party could also face landslide losses
similar to what happened in the midterms following the Watergate scandal and
Richard Nixon’s resignation.
“I am worried. It’s volatile, it’s highly volatile ... if
people are going back to work, if they’re optimistic, if they’re positive about
the future, we could see a fantastic election — the president getting
reelected with a big margin, Republicans winning both Houses of Congress and I
think that’s a real possibility,” Cruz said.
“But I also think if on Election Day people are angry and
they’ve given up hope and they’re depressed, which is what [Speaker Nancy]
Pelosi and [Senate Minority Leader Charles] Schumer want them to be, I think it
could be a terrible election. I think we could lose the White House and both
houses of Congress, that it could be a bloodbath of Watergate proportions.”
Democratic presidential nominee Joe Biden has opened up a 9.7-point lead over Trump in the RealClearPolitics
average of polls, his largest lead in months.
Biden has also opened up healthy leads in key battleground
states, including Wisconsin, Michigan and Pennsylvania, and the president is
polling weaker than expected in states that weren’t expected to be in play,
such as Ohio, Iowa and Georgia.
Republicans are growing worried that Trump could face a big
loss on Election Day that costs the party their majority in the Senate. Senate
Democrats are raising enormous sums of money and are running strong in states
Trump won easily in 2016, including South Carolina, Iowa and Alaska.
https://thehill.com/homenews/campaign/520352-cruz-gop-could-face-bloodbath-of-watergate-proportions-on-election-day
Investment bankers say a Biden
victory could be great for Wall Street and stocks by Nihal Krishan
| October 08, 2020 11:00 PM
Joe Biden, whose lead is widening in the polls, is up on
Wall Street, too. Many investment strategists suggest that his presidency could
be a blessing for the economy and the stock market.
Investment strategists at Goldman Sachs, JPMorgan Chase,
and Barclays all said this week that a strong victory by Biden would be good
for markets because it would reduce uncertainty and ensure more coronavirus
relief spending next year.
https://www.washingtonexaminer.com/news/investment-bankers-say-a-biden-victory-could-be-great-for-wall-street-and-stocks
In other news, the 2020 never ending Atlantic
hurricane season just roars on and on, with still another month to run.
Hurricane Delta inflicts new
damage on storm-weary Louisiana By
REBECCA SANTANA and STACEY PLAISANCE
2 hours ago
LAKE CHARLES, La. (AP) — Ripping tarps from
already damaged roofs and scattering debris piled by roadsides, Hurricane Delta
inflicted a new round of destruction on Louisiana as it struck communities
still reeling after Hurricane Laura took a similar path just six weeks earlier.
When Delta came ashore Friday as a Category 2
hurricane, almost all homes and buildings in Lake Charles still bore battered
roofs and other damage from Laura. Piles of moldy mattresses, sawed-up trees
and other debris still lined the streets.
Mayor Nic Hunter said tarps were flying off
homes across the city.
“I’m in a building right now with a tarp on it
and just the sound of the tarp flapping on the building sounds like someone
pounding with a sledgehammer on top of the building,“ Hunter said as he rode
out the storm downtown. ”It’s pretty intense.”
Delta crashed onshore Friday night near the
coastal town of Creole — a distance of only about 15 miles (24 kilometers) from
where Laura struck land in August, killing 27 people in Louisiana.
In Lake Charles, about 30 miles (50 kilometers)
inland from where Delta came ashore, water leaked through the ceiling of Ernest
Jack’s bedroom as he tried to sleep Friday night. Jack said the tarp covering
his roof since Laura damaged his home hadn’t blown off. His windows were
covered to protect against flying debris.
Delta hit with top winds of 100 mph (155 kph)
but rapidly grew weaker. Within two hours of hitting land, it had dwindled to a
Category 1 storm with 85 mph (140 kph) winds. Still, forecasters warned of
life-threatening storm surge that could reach up to 11 feet (3.4 meters). Flash
flood warnings were posted for much of southwestern Louisiana and parts of
neighboring Texas.
In the town of Lake Arthur, Delta’s winds peeled
shingles off the roof of L’Banca Albergo Hotel, an eight-room boutique hotel in
what used to be a bank.
“I probably don’t have a shingle left on the top
of this hotel,” owner Roberta Palermo said as the winds gusted outside.
Palermo said the electricity was out and she
could see pieces of metal coming off the roof of a 100-year-old building across
the street. Unsecured trash cans were flying around the streets.
“There is a lot of power lines down all over the
place, there’s ... really deep water in certain spots,” said hotel guest Johnny
Weaver. He had been out in the weather with his friends earlier and the
friend’s car was stranded in the water.
----Power outages in Louisiana and neighboring
Texas soared past 410,000 homes and businesses Friday within hours of the storm
coming ashore, according to the tracking website PowerOutage.us.
Delta, the 25th named storm of an unprecedented
Atlantic hurricane season,
More
https://apnews.com/article/storms-hurricane-laura-hurricane-delta-hurricanes-louisiana-15777f4508129ff548b8fe3d031c1bc5
Finally, how safe is your Apple cell
phone? Not very, seems to be the answer.
0.06.2020 06:40 PM
Apple's T2 Security Chip Has
an Unfixable Flaw The Checkm8 vulnerability that exposed
years of iPhones to jailbreaking has finally been exploited in Macs as well.
A recently released tool is letting anyone exploit an unusual Mac vulnerability to
bypass Apple's trusted T2 security chip and gain deep system access. The flaw
is one researchers have also been using for more than a
year to jailbreak older models of iPhones . But the fact that the T2 chip is
vulnerable in the same way creates a new host of potential threats. Worst of all,
while Apple may be able to slow down potential hackers, the flaw is ultimately
unfixable in every Mac that has a T2 inside.
In general, the jailbreak community haven't paid as much
attention to macOS and OS X as it has iOS, because they don't have the same
restrictions and walled gardens that are built into Apple's mobile ecosystem.
But the T2
chip, launched in 2017 , created some limitations and mysteries. Apple added
the chip as a trusted mechanism for securing high-value features like encrypted
data storage, Touch ID, and Activation Lock, which works with Apple's
"Find My" services. But the T2 also contains a vulnerability, known
as Checkm8, that jailbreakers have already been exploiting in Apple's A5
through A11 (2011 to 2017) mobile chipsets. Now Checkra1n, the same group that
developed the tool for iOS, has released support for T2 bypass.
On Macs, the jailbreak allows researchers to probe the T2
chip and explore its security features. It can even be used to run Linux on the T2 or play Doom on a MacBook Pro's Touch Bar. The jailbreak could also be
weaponized by malicious hackers, though, to disable macOS security features
like System
Integrity Protection and Secure Boot and install malware. Combined with another T2
vulnerability that was publicly disclosed in July by the Chinese security research
and jailbreaking group Pangu Team, the jailbreak could also potentially be used
to obtain FileVault encryption keys and to decrypt user data. The
vulnerability is unpatchable, because the flaw is in low-level, unchangeable
code for hardware.
"The T2 is meant to be this little secure black box in
Macs—a computer inside your computer, handling things like Lost Mode
enforcement, integrity checking, and other privileged duties," says Will
Strafach, a longtime iOS researcher and creator of the Guardian Firewall app
for iOS. "So the significance is that this chip was supposed to be harder
to compromise—but now it's been done."
Apple did not respond to WIRED's requests for comment.
There are a few important limitations of
the jailbreak, though, that keep this from being a full-blown security crisis.
The first is that an attacker would need physical access to target devices in
order to exploit them. The tool can only run off of another device over USB.
This means hackers can't remotely mass-infect every Mac that has a T2 chip. An
attacker could jailbreak a target device and then disappear, but the compromise
isn't "persistent"; it ends when the T2 chip is rebooted. The
Checkra1n researchers do caution, though, that the T2 chip itself doesn't
reboot every time the device does. To be certain that a Mac hasn't been
compromised by the jailbreak, the T2 chip must be fully restored
to Apple's defaults. Finally, the jailbreak doesn't give an attacker instant
access to a target's encrypted data. It could allow hackers to install
keyloggers or other malware that could later grab the decryption keys, or it
could make it easier to brute-force them, but Checkra1n isn't a silver bullet.
More
https://www.wired.com/story/apple-t2-chip-unfixable-flaw-jailbreak-mac/?bxid=5cc9e09a3f92a477a0e84d6d&cndid=52110326&esrc=Wired_etl_load&mbid=mbid%3DCRMWIR012019%0A%0A&source=EDT_WIR_NEWSLETTER_0_DAILY_ZZ&utm_brand=wired&utm_campaign=aud-dev&utm_content=A&utm_mailing=WIR_Daily_100720&utm_medium=email&utm_source=nl&utm_term=list1_p4
“It cannot be too clearly
understood that this is NOT a free country, and it will be an evil day for the
legal profession when it is. The citizens of London must realize that there is
almost nothing they are allowed to do. Prima facie all actions are illegal, if
not by Act of Parliament, by Order in Council; and if not by Order in Council,
by Departmental or Police regulation, or By-laws. They may not eat where they
like, drive where they like, sing where they like, or sleep where they like.
A.P. Herbert, Uncommon Law
Covid-19 Corner This
section will continue until it becomes unneeded.
Global Cases Hit Daily Record;
Trump Backs Big Aid: Virus Update Bloomberg News
October
9, 2020, 10:45 PM GMT+1 Updated on October 10, 2020, 4:43 AM GMT+1
Daily virus cases around the world topped a record 350,000,
and U.S. infections are ticking up.
President Donald Trump says he’d like to see a bigger in-person event
India continued on a trajectory to overtake the U.S. as the country with the
most cases, as infections climbed to 6.91 million. China joined a World Health
Organization-backed initiative to ensure everyone across the globe is
inoculated against Covid-19. European leaders sounded alarms
No comments:
Post a Comment