FT News Briefing Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio
Oct 2, 2020
Donald Trump and Melania's Covid-19 diagnosis raises questions just weeks before the election, triggering market reactions. A 2.7% drop in US personal income reveals the struggles of Americans amidst stalled stimulus talks. Meanwhile, the EU is taking legal steps against the UK over Brexit disputes. The significance of Ohio comes to the forefront, as it may dictate the election outcome, with political shifts among working-class voters making it a key battleground.
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Trump Tests Positive
- President Donald Trump and First Lady Melania Trump tested positive for COVID-19.
- This happened about a month before the U.S. presidential election, impacting markets.
Stimulus Impact
- US personal income decreased 2.7% in August after emergency unemployment benefits lapsed.
- Consumption growth also slowed, and Americans dipped into savings more.
EU Sues UK
- The EU is suing the UK over its internal market bill, which violates the Brexit deal.
- This is the first step in an infringement procedure, potentially impacting post-Brexit relations.