Humpback whale in Pacific Ocean, newly born giraffe calf and more...
Humpback whale in Pacific Ocean, newly born giraffe calf and more...
When Michael Schumacher retired from Formula One eight years ago, little did he know that he was opening the door for Lewis Hamilton to make history. The British driver did just that on Sunday, winning the Portuguese Grand Prix for a record-setting 92nd victory of his outstanding career to overtake Schumacher's 91 wins. Runaway leader Hamilton is also set to equal Schumacher’s record seven championships this season.
Global shares got off to a cautious start on Monday as surging coronavirus cases in Europe and the United states threaten the economic outlook, even as growth in China provides some support to Asia. The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set unwanted case records and Spain announced a state of emergency. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%, but remained short of its recent 31-month peak.
WASHINGTON — President Donald Trump says Mexico is paying for the wall (it isn’t), health care choice for veterans came from him (it didn’t) and his tax cut stands as the biggest in American history (nowhere close). These are among his touchstones — the falsehoods that span his presidency — and he's giving them another go in the final days of his relentless campaigning. He's got fresher false material, too, claiming “incredible” numbers in the pandemic response despite record infections, rising deaths and a statement from his chief of staff Sunday that the government cannot bring the coronavirus under control. He warned darkly of voting fraud in the Nov. 3 election without offering evidence that malfeasance is in play. In weekend rallies, Trump also portrayed Democratic rival Joe Biden as the helmsman of a Marxist party who lined his own pockets with $3.5 million via Moscow. This didn't happen. A look at rhetoric from the weekend: THE VIRUS TRUMP: "Even without vaccines, we’re rounding the turn. It’s going to be over." — on C-SPAN, Sunday. TRUMP: "We’re rounding the turn. It’s going to be over.” — New Hampshire rally Sunday. TRUMP: “We’re rounding the turn, we’re doing great. Our numbers are incredible.” — North Carolina rally Saturday. THE FACTS: The numbers have turned harrowing, not “incredible.” The U.S. set a daily record Friday for new confirmed coronavirus infections and nearly matched it Saturday with 83,178, data published by Johns Hopkins University show. Close to 8.6 million Americans have contracted the coronavirus since the pandemic began, and about 225,000 have died; both totals are the world’s highest. About half the states have seen their highest daily infection numbers so far at some point in October. “We’re not going to control the pandemic," Mark Meadows, Trump's chief of staff, said on CNN. “We are going to control the fact that we get vaccines, therapeutics and other mitigation areas.” He did not share his boss' view that the pandemic is turning a corner or that it will, absent a vaccine. ___ TRUMP on how long he may be immune to reinfection from the coronavirus: “With me it was for four months. If it was anybody else they’d say for life.” — Ohio rally. TRUMP: “Now it used to be that if you had it, you were immune for life, right? For life. With me, they say I’m immune for four months. In other words, once I got it, the immunity went down from life to four months. I don’t know. They don’t know either.” — North Carolina. THE FACTS: The only truth in these statements is that “they don't know.” Trump is suggesting here that experts are saying he is only immune from reinfection for four months because they don't like him. But the science of immunity is not about him and the uncertainty is not a conspiracy against him. Public-health authorities don't have final answers on how long or well people who had COVID-19 are protected from it again. While there’s evidence that reinfection in unlikely for at least three months even for those with a mild case of COVID-19, very few diseases leave people completely immune for life. Antibodies are only one piece of the body’s defences, and they naturally wane over time. ___ THE WALL TRUMP: "And by the way, Mexico is paying for the wall.” — New Hampshire rally. TRUMP: “No, they are paying for it. Totally." — North Carolina rally. TRUMP: “We got it financed. Mexico will be paying for it because we’re going to charge a fee.” THE FACTS: The U.S. is paying for it. Mexico isn't. The Mexican government flatly refused to contribute to extending or reinforcing barriers on U.S. soil — “Not now, not ever,” Enrique Peña Nieto, then Mexico’s president, tweeted in May 2018. Since the start, Trump has been fishing for ways to make it appear that he was keeping his promise to make Mexico pay for the project at the core of his 2016 campaign. But the money is coming from today’s U.S. taxpayers and the future ones who will inherit the federal debt. ___ VETERANS TRUMP: “We passed VA Choice.” — New Hampshire rally. TRUMP: “The last administration failed our veterans. I reformed the VA, passed VA Choice." — North Carolina rally. THE FACTS: He did not get the Choice program passed. President Barack Obama did. Trump expanded it. The program allows veterans to get medical care outside the Veterans Affairs system under certain conditions. ___ THE BIDENS TRUMP on Biden when he was vice-president: “So Russia, the mayor of Moscow’s wife, who’s a very wealthy man, she’s a very wealthy woman, retired, gave him three and a half million dollars.” — North Carolina rally. THE FACTS: No she didn't. A Republican congressional report that investigated the Moscow business dealings of Biden's son, Hunter, pointed to a $3.5 million investment made there to an investment firm linked to Hunter Biden. The money didn't go to Joe Biden at all. Nor is there evidence that Hunter Biden pocketed the sum. The GOP report said the money went to the investment firm. And Hunter Biden’s lawyer has said in a statement that his client had no interest in that firm. ___ CHINA TRUMP: “I banned people from China, where it was heavily infected, from coming into a country. Biden was totally against that. He called me xenophobic. And now he goes out and says we should have done it sooner. Well he didn't want to do it at all.” — North Carolina rally. THE FACTS: That's false. Trump never banned travel from China; he restricted it. Biden did not call the travel restrictions xenophobic; he used the term in regard to Trump's other rhetoric about foreigners. And he did not oppose the restrictions, but rather took no clear position for many weeks, before supporting them. ___ FRACKING BIDEN: “I never said I oppose fracking.” — presidential debate Thursday. TRUMP: “You said it in the tape." — presidential debate Thursday. THE FACTS: Trump is correct; Biden said it on tape, telling a Democratic primary debate, “No new fracking.” Trump has been playing Biden's remark at his own rallies. A fracking ban wasn't and still isn't Biden's policy, though. Biden's campaign corrected his remark after the primary debate. Biden would ban new oil and gas permits on federal land only; most oil and gas does not come from those properties. He has said repeatedly he would not ban fracking. Still, Trump called him out for shaping his stance to suit a more liberal primary audience and argued at his Ohio rally Saturday that Biden in office would be beholden to Democrats who want to ban fossil fuels, people he hyperbolically called “the communists, the Marxists and the left wing extremists.” ___ VOTING FRAUD TRUMP: “In Nevada, they want to have a thing where you don’t have to have any verification of the signature.” -- New Hampshire rally. THE FACTS: Not true, despite his frequent assertions to the contrary. The state’s existing law requires signature checks on mail ballots. A new law also spells out a process by which election officials are to check a signature against the one in government records. In Nevada’s June primary, nearly 7,000 ballots were thrown out due to mismatched or missing signatures. ___ TRUMP: “I say the biggest risk we have are the fake ballots.” — New Hampshire rally. TRUMP: “If we don’t know the result on Nov. 3, that means — unlike it has always been where you generally find out the election that night or soon — we could be going on forever with this. It’s the craziest thing ... and we shouldn’t let it happen.” -- New Hampshire rally. THE FACTS: His statements are overblown. It’s true that many states are expecting a surge in mail-in voting because of the coronavirus pandemic, which may lead to longer times in vote counting. The U.S. Supreme Court, for instance, will allow Pennsylvania to count mailed-in ballots received up to three days after the election. But there is no evidence to indicate that massive fraud is afoot. Any delay in declaring a winner of the presidential race after Nov. 3 would not in itself be illegal. Broadly speaking, voter fraud has proved exceedingly rare. The Brennan Center for Justice in 2017 ranked the risk of ballot fraud at 0.00004% to 0.0009%, based on studies of past elections. In the five states that regularly send ballots to all voters who have registered, there have been no major cases of fraud or difficulty counting the votes. Even if the election is messy and contested in court, the country will have a president in January — and not have vote counting going on “forever” as he asserts — because the Constitution and federal law ensure it. ___ AUTO INDUSTRY TRUMP: “We brought in tremendous numbers of companies ... I said to Prime Minister Abe, a great, great gentleman who retired ... ’Shinzo, you got to open some factories in Michigan ... You’re selling too many cars made in Japan, you got to make them in the U.S.’ He’d say ’Well, I don’t do that ... this is done by the private sector ...' I said, ‘You have to do it.’ The next day, they announced five companies were opening up factories.” — New Hampshire rally. THE FACTS: That’s a made-up story he’s told before. No Japanese automaker assembly plants have been announced or built in Michigan, let alone in one day, and there are no plans to add any. There is one manufacturing facility, a joint venture between General Motors and Honda, south of Detroit. It’s the $85 million expansion of an existing facility to make hydrogen fuel cells with about 100 new jobs, according to the Center for Automotive Research, an industry think-tank in Ann Arbor, Michigan. Subaru has a new research centre with about 100 new jobs, and Renault-Nissan-Mitsubishi and Toyota have announced expansions of research facilities. These are not new “car plants” run by Japanese automakers and these initiatives did not all materialize in one day. ___ IRAN TRUMP: “We got off that crazy Iran deal, right? The Iran nuclear deal, where Obama gave them $150 billion for the privilege." — North Carolina rally. THE FACTS: No, Obama did not give the Iranians $150 billion for signing the multinational deal to constrain their nuclear development. The deal let Iran have access to $150 billion of its own assets that were frozen abroad until Tehran agreed to the terms. The U.S. made a separate payout to Iran of about $1.8 billion. That was to settle an old debt over military equipment that Iran paid for but never received. ___ TAXES TRUMP: “You know, you got the biggest tax cut in the history of our country. I got it for you." — North Carolina rally. THE FACTS: His tax cuts are not close to the biggest in U.S. history. It’s a $1.5 trillion tax cut over 10 years. As a share of the total economy, a tax cut of that size ranks 12th, according to the Committee for a Responsible Federal Budget. President Ronald Reagan’s 1981 cut is the biggest, followed by the 1945 rollback of taxes that financed World War II. Post-Reagan tax cuts also stand among the historically significant: President George W. Bush’s cuts in the early 2000s and Obama’s renewal of them a decade later. ___ EDITOR’S NOTE — A look at the veracity of claims by political figures. ___ Find AP Fact Checks at http://apnews.com/APFactCheck Follow @APFactCheck on Twitter: https://twitter.com/APFactCheck Calvin Woodward And Hope Yen, The Associated Press
Authorities planned to offer the vaccine to performers in exchange for help in promoting it to the public.
* Dollar makes small broad gains early in Asia * Sterling steady as Brexit breakthrough hopes support * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Tom Westbrook SINGAPORE, Oct 26 (Reuters) - The dollar found support on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress toward a U.S. stimulus package put traders in a cautious mood, although hopes for a Brexit trade deal held sterling steady. Against the risk-sensitive Australian dollar and New Zealand dollars, it gained about 0.1%. Sterling, however, rose a tiny bit to $1.3046.
(Bloomberg) -- Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. He was 78.Lee passed away on Sunday with his family by his side, the company said in a statement, without mentioning the cause of death. His family will hold a private funeral. He had been hospitalized since a heart attack in 2014 and was treated for lung cancer in the late 1990s.Lee, who told employees to “change everything except your wife and children” during his drive to foster innovation and challenge rivals such as Sony Corp., was South Korea’s richest person. He had an estimated net worth of $20.7 billion, according to the Bloomberg Billionaires Index. Samsung, the biggest of South Korea’s family-run industrial groups, known as chaebol, has been led by his only son since the heart attack.“Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business,” the company said. “His legacy will be everlasting.”His son Jay Y. Lee has been the conglomerate’s de facto leader since his father’s hospitalization in 2014, but it isn’t clear whether he will take over his father’s role as had long been anticipated. The younger Lee is currently grappling with two simultaneous legal disputes with South Korean prosecutors over allegations of bribery and corruption related to succession.Lee, who has denied any wrongdoing, was in fact supposed to attend a hearing for one of those court cases Monday, but instead is expected to remain at the hospital with his family. Samsung hasn’t said who will step into the elder Lee’s role as chairman.Samsung, the maker of the Galaxy line of smartphones, has been riding a Covid-era boom in online activity despite the legal clashes. The company also supplies semiconductors for Google’s data centers and Apple Inc.’s iPhone, and is the world’s most advanced maker of displays for TVs, computers and mobile devices.Samsung C&T Corp., the de facto holding company for the group, surged as much as 21%, while Samsung Life Insurance Co. rose as much as 16%. Some units at Samsung Group are expected to raise dividends, according to a note from Korea Investment & Securities. Samsung Electronics shares were little changed.Lee Kun-hee’s heirs now face an estate tax of roughly $10 billion, and paying it may complicate the family’s control of the Samsung conglomerate -- his beneficiaries would likely have to sell some assets to cover the tax — diluting their stake in Samsung. South Korea’s levy of 50% on estates of more than 3 billion won ($2.6 million) is the second-highest among countries in the Organization for Economic Cooperation and Development, after Japan.The Samsung empire includes 62 companies. Although the late Lee owned large chunks of some of the businesses — including 4.2% of Samsung Electronics — they’re not big enough to afford control of the conglomerate. The family depends on informal ties to executives who run related companies, and a lot of that soft power may dissipate with Lee’s death.It was Lee Kun-Hee who built the company into the electronics powerhouse of today, becoming synonymous with the rise of South Korea on a global economic stage.Named one of the world’s 100 most influential people by Time magazine in 2005, Lee began overhauling Samsung Electronics after he saw the company’s products gathering dust in a Los Angeles electronics store, according to “The Lee Kun Hee Story,” a 2010 biography by Lee Kyung-sik. The Suwon, South Korea-based company had become known for cheap, low-quality electronics gear and was in the “second phase of cancer,” sending out 6,000 people to fix products made by 30,000 employees, Lee said in 1993, according to the biography.Why Samsung’s Billionaire Scion Faces Two More Trials: QuickTakeThe company’s makeover started in 1993 when Lee gathered top executives in Germany and laid out a plan, known as the Frankfurt Declaration, to transform Samsung from a second-tier television maker into an industry leader. The company’s new mission: create high-quality products, even if it meant lower sales.Samsung Electronics became the world’s top maker of computer memory chips in 1992, the same year it became the first to develop 64-megabyte DRAM chips, according to the company.Lee was born on Jan. 9, 1942, in Daegu about 240 kilometers (150 miles) south of Seoul, and was raised in the nearby rural district of Uiryeong, according to the company.In 1938, his father Lee Byung-chull opened a four-story grocery store in Daegu that would later become Samsung Group.As a teenager, Lee Kun-Hee liked movies and cars and kept to himself. He took up wrestling and played rugby in high school to fight loneliness. He graduated with a degree in economics from Waseda University in Tokyo and also studied business administration in the U.S. at George Washington University in Washington.In 1971, Lee Byung-chull chose his youngest son to be his successor, and in 1974, the company moved into semiconductors when it acquired a 50% stake in unprofitable Hankook Semiconductor. The business turned profitable in 1988, helped by dynamic random-access memory chips it produced.After the Frankfurt Declaration, Lee required employees to arrive at work at 7 a.m. instead of their usual 8:30 a.m. start, so they could “soak up reform in their slumber,” according to the biography.In 1995, he assembled 2,000 workers to watch him make a bonfire out of 150,000 mobile phones, fax machines and other company products that didn’t meet his quality standards.Lee’s cultural change eventually produced results. Samsung Electronics surpassed Tokyo-based Sony to become the top seller of flat-screen TVs in 2006, the same year its market value exceeded $100 billion.In 2010, Samsung introduced the Galaxy-branded smartphone running Alphabet Inc.’s Android software, which helped it pass Apple as the world’s biggest smartphone maker in 2011 in terms of units sold. By introducing the Galaxy Note in 2011, Samsung created a new product niche known as the phablet, a smartphone-tablet hybrid.Political ControversySamsung became the biggest seller of all mobile phones in 2012, unseating Nokia Oyj, which had been the industry leader for more than a decade. Its success in smartphones then boosted profits at its component businesses, including memory chips, display and processors.Lee’s career was also notable for its setbacks and controversies. An expansion into the car business was unsuccessful. Samsung Motor Inc. rolled out its first automobiles in 1998 and failed to attract buyers. The unit was placed into receivership and Renault SA purchased a majority stake in 2000.Lee was mired in political scandals in the late 1990s after being convicted of paying bribes to former president Roh Tae-woo in 1996. He was pardoned by President Kim Young-sam a year later.In 2009, Lee was found guilty of tax evasion and breach of duty for causing losses at Samsung SDS Co., an information technology services provider, because he knew the company illegally sold bonds with warrants to his son at artificially low prices. He was fined 110 billion won and received a suspended three-year jail sentence.Presidential PardonFour months after the 2009 ruling, South Korea’s then-President Lee Myung-bak pardoned Lee, a member of the International Olympic Committee, so he could help the country’s successful bid to host the 2018 Winter Olympics in Pyeongchang.Lee, who resigned from the board of Samsung Electronics in 2008 amid the controversies, returned as chairman in March 2010, telling employees the business was “facing a real crisis.”“In 10 years, the majority of products that represent Samsung may no longer exist,” he said in a statement announcing his return. “We must have a new start. There is no time to hesitate.”Two months later, Samsung Group said it would invest 23 trillion won to expand in areas such as health care and solar batteries by 2020.Lee’s son, Jay Y. Lee, became vice chairman of Samsung Electronics in December 2012 and his daughter, Lee Boo-jin, is president of Hotel Shilla Co., a Samsung affiliate, raising concerns that the founding family would maintain its grip on the conglomerate at the expense of minority shareholders. That issue lies at the heart of the two legal disputes the younger Lee is now embroiled in.In August 2019, the Supreme Court ordered the retrial of Jay Y. Lee over bribery charges that voided an earlier decision to suspend Lee’s 2.5-year prison sentence. A special prosecutor had indicted the Samsung heir on charges of bribing a friend of former President Park Geun-hye in return for government backing for a merger that helped cement his control over Samsung while his father was hospitalized.In 1967, Lee Kun-hee married Hong Ra-hee. In addition to children Jay Y. and Boo-jin, he had a daughter, Lee Seo-hyun. Another daughter, Lee Yoon-hyung, died in 2005 at age 26.(Updates with share reactions in eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The coronavirus pandemic has dealt a body blow to the quantitative model-based style of investing, with a majority of the firms using such strategies negatively impacted, a study by Refinitiv has found. In a report, financial data provider Refinitiv said 72% of such investors were hurt by the pandemic. Machine-learning refers to the use of complicated mathematical models and algorithms based on historical data in order to make predictions without being explicitly programmed to do so.
The U.S. Chamber of Commerce and other trade groups are urging the Mexican government to remove from its 2021 economic package a "kill switch" proposal that would cut off internet access for businesses that fail to comply with Mexican tax law. In a letter to Mexican lawmakers, the groups said the provision was "inconsistent with Mexican law and trade obligations, would have a negative impact on the Mexican economy, and is unnecessary to ensure tax compliance." The measure could result in "significant blockages to digital platforms and services," and would violate Mexico's telecommunications law, a chamber spokeswoman said.
The Latest on Game 4 of the World Series (all times local):7:05 p.m.The Dodgers have three-time NL Cy Young Award winner Clayton Kershaw starting the pivotal Game 5 in the World Series.They could also have Walker Buehler available out of the bullpen against the Tampa Bay Rays.Buehler, who won Game 3 on Friday night and would start Game 7 on Wednesday night if the Series goes that long, didn’t throw his usual between-games side session before Sunday night’s game.The last time Buehler pitched in relief was June 28, 2018, when he was nursing a rib microfracture and rejoined the team after a planned rehab assignment. His only other relief appearances came in his eight games as a rookie in 2017.Big right-hander Tyler Glasnow started for the Rays, a rematch of Game 1 when Kershaw and the Dodgers won 8-3.___5:25 p.m.The roof is closed for Game 5, and might not open again during this World Series.Along with the dreary, misty conditions outside Globe Life Field before the start of Sunday’s game, there was an increasing chance of rain into the night —and beyond.It is the second time in the World Series that the retractable roof at the new $1.2 billion stadium is closed for a game. The other was Game 3 on Friday night, when it was breezy and chilly with a chance of rain.The forecast calls for a 90 per cent chance of rain Monday — a day off for the Tampa Bay Rays and Los Angeles Dodgers — with temperatures in the mid-50s.That drops to a 70 per cent chance of rain Tuesday, when Game 6 will be played, but back up to 90 per cent with temperatures staying in the 40s Wednesday, when a seventh game would be played, if necessary.___More AP MLB: https://apnews.com/MLB and https://twitter.com/AP_SportsThe Associated Press
Fans are sitting on the edge of their seat in anticipation of James Gunn’s The Suicide Squad, which is set to open in theaters August 6, 2021. A sequel to David Ayer’s 2016 superhero-supervillain pic, the movie has a robust cast of characters. That said, Gunn took to Twitter to address whether or not all […]
(Bloomberg) -- U.S. equity futures started the week on the back foot as a stimulus deal remained elusive and coronavirus infections hit a record for a second day. Asian stocks saw modest gains.S&P 500 contracts retreated though were off their session lows. Stocks in Japan, Australia and South Korea edged higher. U.S. House Speaker Nancy Pelosi said the chamber could pass a pandemic relief plan this week, though a deal with the White House remains elusive as chances faded of a resolution before next week’s election. The pound ticked higher after trade talks between the U.K. and the European Union were extended to Oct. 28. Hong Kong is closed for a public holiday Monday.Treasuries advanced, though the 10-year yield remained above 0.8%. Oil extended a decline. U.S. stocks rose Friday as investors held out hope for a spending package, with the S&P 500 Index paring a weekly decline.Investors remain focused on the chances of an agreement on a stimulus package as November’s election fast approaches. Still, concerns are mounting that surging virus cases could force additional business closures. The U.S. added more than 85,000 cases in a record figure for one day.“There is very limited incentive on both sides to get a deal done,” Joseph Shaposhnik, a portfolio manager at TCW, said on Bloomberg TV. “The market has baked that in, has baked in the election and is looking out six months and thinking what are the odds life begins to normalize, a vaccine is introduced.”President Donald Trump’s chief of staff said the U.S. isn’t going to “control” the pandemic. U.S. Vice President Mike Pence’s chief of staff tested positive, raising the prospect of another outbreak within the White House. Cases also continue to surge in Europe and other parts of the world.Meanwhile, China is rethinking its yuan internationalization strategy and a senior central bank official called for more proactive with policies to support markets, including improving bilateral currency swap agreements.These are some events to watch this week:The Chinese Communist Party’s Central Committee holds its all-important plenum, where it’s expected to chart the course for the economy’s development for the next 15 years. Through Oct. 29.Brexit negotiating teams have started intense daily negotiations, and these are likely to continue as both sides push to finalize a deal by the middle of November.Bank of Japan and the European Central Bank have monetary policy decisions Thursday, followed by briefings from Governor Kuroda and President Lagarde.The first reading of U.S. 3Q GDP Thursday is anticipated to be the strongest on record following a record dive in the prior quarter as many businesses were shuttered by the pandemic.Here are the major moves in markets:StocksS&P 500 futures fell 0.3% as of 9:06 a.m. in Tokyo. The S&P 500 Index rose 0.3% Friday.Topix index edged up 0.2%.Australia’s S&P/ASX 200 Index rose 0.5%.South Korea’s Kospi index rose 0.2%.CurrenciesThe yen was little changed at 104.73 per dollar.The offshore yuan was at 6.6637 per dollar.The euro fell 0.1% to $1.1848.The British pound traded at $1.3043, up 0.1%.The Bloomberg Dollar Spot Index rose 0.1%.BondsThe yield on 10-year Treasuries fell one basis point to 0.83%.Australia’s 10-year bond yield fell three basis points to 0.82%.CommoditiesWest Texas Intermediate crude lost 1.5% to $39.25 a barrel Friday.Gold dropped 0.2% to $1,898.52 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With a bit of rejiggering, President Donald Trump and first lady Melania Trump played host Sunday to hundreds of superheroes, unicorns, skeletons and even a miniature version of themselves as part of a Halloween celebration at the White House. The kids still briefly met the president and first lady, who waved and offered words of encouragement from a safe distance about how much they liked the costumes. Trump and the first lady have both recently recovered from COVID-19.
(Bloomberg) -- Oil extended its slide to a second day on a toxic cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.Futures in New York fell toward $39 a barrel after dropping 1.9% on Friday. The U.S. reported record infections for a second straight day, while Italy approved a partial lockdown and Spain announced a national curfew. Democrats and Republicans accused each other of “moving the goalposts” in interviews on CNN as hopes for a deal before next week’s election appeared to be in tatters.The worsening demand outlook is coinciding with Libya’s push to almost double crude output, which is gaining momentum as rival sides prepare for a new round of talks aimed at ending a nearly decade-long conflict. A force majeure has been lifted on the Ras Lanuf and Es Sider ports, and the country’s state oil company said output would surpass 1 million barrels a day in four weeks.A little more than six months after Covid-19 sent oil prices into a tailspin, a second wave is threatening to take another bite out of energy demand. There are several reasons why a repeat of April’s bloodbath is unlikely, however. Flagging consumption isn’t coinciding with a price war, governments may be less likely to impose major lockdowns and demand in Asia is holding up.See also: It’s Asia to the Rescue Again as Oil Demand Falters ElsewhereIf virus cases keep rising in Europe and the U.S., it’s possible the OPEC+ alliance will push back a planned easing of production cuts from January. Russian President Vladimir Putin last week signaled openness to delaying the taper. The group will decide on whether to stick to the current plan at a meeting scheduled for Nov. 30-Dec. 1.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Ben Roethlisberger threw two touchdown passes to Diontae Johnson, and the Pittsburgh Steelers remained perfect by holding off Tennessee for a 27-24 victory Sunday in a game originally postponed when the Titans came down with the NFL’s first COVID-19 outbreak of the season.In a matchup of the AFC’s two remaining undefeated teams, the Titans rallied from 17 down. They failed to complete the comeback when Stephen Gostkowski, who made a 51-yarder earlier, missed from 45 yards wide right with 14 seconds left. That sent the Steelers running around the field in celebration and the Titans (5-1) stunned.The Steelers improved to 6-0 for their best start since 1978, when Pittsburgh won its first seven on the way to the Super Bowl. This was just the fifth time undefeated teams had met in Week 7 or later, and the winner of the previous four all made the Super Bowl.Benny Snell Jr. added a 1-yard TD run and Ray-Ray McCloud set up a touchdown with a 57-yard punt return.Pittsburgh outgained Tennessee 362-292 and held the NFL’s second-best scoring offence under 31 points for the first time since the opening week of the season.But the Titans had won four of their first five by rallying in the final two minutes of regulation or overtime, and they scored 17 straight to pull within 27-24.Ryan Tannehill hit A.J. Brown on a short pass that the receiver took to the end zone for a 73-yard TD. Jayon Brown picked off a batted pass, setting up Gostkowski’s field goal. Derrick Henry capped a 12-play drive with a 1-yard TD with 10:13 left.The Titans had their final chance after Amani Hooker intercepted Roethlisberger in the back of the end zone with 2:35 left. It was Roethlisberger’s third of the game, which Tennessee turned into only a field goal.LIONS 23, FALCONS 22ATLANTA (AP) — Detroit let Atlanta score a touchdown. It worked — and the Falcons found another stunning way to lose.Matthew Stafford connected with T.J. Hockenson on an 11-yard touchdown pass as time expired and Matt Prater booted a 48-yard extra point to give Detroit the improbable victory. The Lions (3-3) won their second in a row — their first winning streak since early in the 2019 season.Trailing 16-14, the Falcons (1-6) were positioned to run down the clock and kick a chip-shot field goal for the win when they picked up a first down at the Lions 10 with just over a minute remaining.Detroit had used up all its timeouts on the drive, so there was no further way to stop the clock. Knowing their only chance was to allow a quick TD, the Lions made no attempt to stop Todd Gurley after he took a handoff from Matt Ryan.Gurley realized what the Lions were doing — but too late. He started to fall but landed on the goal line with 1:04 remaining.The Falcons converted a 2-point conversion to make it 22-16, but the Lions still had a chance against a team that had already become the first in NFL history to lose two straight games when leading by at least 15 points in the fourth quarter.Stafford drove his team 75 yards in eight plays. Detroit spiked the ball with 2 seconds to go, setting up the final play. Stafford was pressured in the pocket, rolled to his left and spotted Hockenson breaking free across the end zone.BUCCANEERS 45, RAIDERS 20LAS VEGAS (AP) — Tom Brady threw four touchdown passes to move past Drew Brees for the most in NFL history and ran for another to lead Tampa Bay past Las Vegas.Brady connected with Rob Gronkowski in the second quarter and on a perfectly placed 33-yarder to Scotty Miller later in the first half. He then helped seal the game with the throw to Chris Godwin that put the Bucs (5-2) up 31-20 midway through the fourth quarter.Brady added a fourth to rookie Tyler Johnson with 3:08 to play to give him 559 in his career, passing Brees for the most ever. Brees threw two earlier in the day for New Orleans.The 4-yard pass to Godwin was part of a key stretch when it appeared the Raiders were in position for a comeback after cutting the deficit to 24-17 on Derek Carr’s second TD pass of the game.The Raiders (3-3) were driving for the potential tying score before coming up 1 yard short of a first down on a third-and-4 pass to Darren Waller. Coach Jon Gruden opted for a field goal to make it 24-20.Brady then engineered another TD drive and the Bucs put it away when Carr threw an interception on Las Vegas’ next play to set up Ronald Jones’ 1-yard run.Brady finished 33 for 45 for 369 yards. Carr went 24 for 36 for 284 yards, two TDs and one interception.BROWNS 37, BENGALS 34CINCINNATI (AP) — Baker Mayfield overcame a terrible start to throw for five touchdowns, including a 24-yard go-ahead score to Donovan Peoples-Jones with 15 seconds left, and Cleveland outdueled Cincinnati.Nursing sore ribs, Mayfield started 0 for 5 — including an interception on his first attempt of the game. He then completed 22 of his next 23 passes. The last was the leaping grab by People-Jones to win it for the Browns (5-2).Cincinnati rookie Joe Burrow played another terrific game, but again it wasn’t enough. He hit 35 of 47 passes for a season-high 406 yards and three touchdowns, including a 3-yard scoring pass to Giovani Bernard on fourth-and-1 to give the Bengals a 34-31 lead with 1:06 left.But the Bengals couldn’t stop Mayfield, who was roundly criticized after a poor performance in Cleveland’s loss to Pittsburgh last week, and Browns receivers who made some great catches as they worked down the field.Mayfield was 22 for 28 for 297 yards. Rashard Higgins had six catches for 110 yards, and tight end Harrison Bryant had two touchdown catches.Tyler Boyd had 11 catches for 101 yards and a touchdown for the Bengals (1-5-1).SAINTS 27, PANTHERS 24NEW ORLEANS (AP) — Drew Brees passed for 287 yards and two touchdowns without two top receivers and rushed for another score to lead New Orleans past Carolina.The Panthers had driven across midfield in the final minutes when Marcus Davenport’s sack of Teddy Bridgewater led coach Matt Rhule to send out kicker Joey Slye for a 65-yard field goal on fourth-and-19. The kick fell just short of the crossbar and the Saints (4-2) ran out the final 1:55 to send the Panthers (3-4) to their second straight loss.Brees completed 29 of 36 passes to eight targets despite not having receivers Michael Thomas (hamstring) and Emmanuel Sanders (COVID-19) in the lineup. His decision-making and accuracy also helped New Orleans convert 12 of 14 third downs.On their only two third-down failures, Wil Lutz came through with field goals of 41 and 43 yards.Brees’ touchdown passes went for 4 yards to Jared Cook and 4 yards to Deonte Harris 2 seconds before halftime.Alvin Kamara gained 148 yards from scrimmage, with 83 coming on 14 rushes.That was just enough to overcome a strong showing by Bridgewater in his first game against the Saints since serving as Brees’ backup in New Orleans the past two seasons.Bridgewater was 23 of 28 for 254 yards and two touchdowns, including a 74-yarder to DJ Moore, who also had a 7-yard catch-and run around the right end for a score.CHIEFS 43, BRONCOS 16DENVER (AP) — Kansas City didn't need the usual heroics from Patrick Mahomes to rout Denver for its 10th straight win over its AFC West rival.The Chiefs (6-1) found other ways to dominate Denver (2-4) on a snowy afternoon that began with a temperature of 14 degrees at kickoff.Kansas City took a 24-9 halftime lead even though Mahomes completed just one pass in the second quarter, a 5-yarder, and had just 99 yards through the air in the first half.Mahomes finally extended his NFL-leading streak to 17 consecutive games with a touchdown throw when he hit Tyreek Hill from 10 yards with 11 minutes remaining in the fourth quarter. That made it 37-9.Mahomes’ TD throw to Hill followed the Chiefs’ fourth takeaway, an interception by Tyrann Mathieu when rookie KJ Hamler let Drew Lock’s pass bounce off him and right into the arms of the Chiefs' star safety.Mahomes finished a methodical 15 of 23 for 200 yards and a touchdown with no interceptions and four sacks.In the first half, the Chiefs scored touchdowns on Byron Pringle’s 102-yard kickoff return and Daniel Sorensen’s 50-yard interception return to go with Clyde Edwards-Helaire’s 11-yard run in which he broke five tackles.49ERS 33, PATRIOTS 6FOXBOROUGH, Mass. (AP) — Jeff Wilson Jr. rushed for a career-high three touchdowns and 112 yards before leaving with an ankle injury and San Francisco dominated New England.Jimmy Garoppolo finished 20 of 25 for 277 yards with two interceptions in his first game against his former team. San Francisco (4-3) has followed back-to-back losses with two wins and is 3-0 on the road.The Patriots’ 27-point loss was their largest at home under Bill Belichick. They had gone 286 games without a three-game losing streak, the longest span between three-game slides in NFL history. New England fell to 2-4 for the first since Belichick’s first season in 2000, when the Patriots went 5-11.New England was outgained 467-241 in total yards.San Francisco’s Brandon Aiyuk had six catches for 115 yards and Deebo Samuel had five catches for 65 yards before leaving the game with a hamstring injury.Cam Newton struggled throughout for the Patriots, completing 9 of 15 passes for 98 yards and three interceptions before being replaced by Jarrett Stidham in the fourth quarter. Stidham was 6 of 10 for 64 yards and an interception.San Francisco dominated the first half, taking a 23-3 lead, holding the ball for 22:30, and racking up a 301-59 advantage in total yards. The Patriots also managed just four first downs to the 49ers’ 18.CHARGERS 39, JAGUARS 29LOS ANGELES (AP) — Justin Herbert got his first NFL win, throwing for 347 yards and three touchdowns as well as running for a score as Los Angeles beat Jacksonville to snap a four-game skid.Herbert, the sixth overall pick in April’s draft, completed 27 of 43 passes. He also rushed for 66 yards, a single-game high for a Chargers QB.Herbert joined Cincinnati’s Joe Burrow as the only rookie quarterbacks in NFL history with 300 yards, at least three passing TDs, and one rushing in a game. Burrow did that earlier Sunday in the Bengals’ 37-34 loss to the Cleveland Browns.More important for Herbert was that first win, despite Los Angeles blowing another large lead.Jacksonville (1-6) tied an NFL record by allowing 30 or more points in six consecutive games.The Chargers (2-4) jumped to a 16-0 second-quarter lead but squandered a double-digit advantage for the fourth time in five games. Jacksonville scored 21 straight points to go up by five early in the third quarter.Jacksonville was ahead 29-22 late in the third quarter when Los Angeles regained control. Herbert connected with Jalen Guyton for a 70-yard touchdown up the right sideline to tie it. The Jaguars fumbled the ensuing kickoff and Herbert scrambled around right end from 5 yards to put the Chargers in front 36-29.PACKERS 35, TEXANS 20HOUSTON (AP) — Aaron Rodgers threw for 283 yards and four touchdowns Green Bay rebounded from its first loss, beating Houston.Rodgers played a near-flawless game and tied his season high for TD passes. The performance came after he threw two interceptions, including one that was returned for a touchdown, with no TDs in a 38-10 loss to Tampa Bay last week.Despite being without leading rusher Aaron Jones and left tackle David Bakhtiari, Green Bay (5-1) had no trouble handling the woeful Texans (1-6). The Packers built a 21-0 lead by halftime.Green Bay’s strong day on offence was aided by a career-high 196 yards receiving by Davante Adams, who had touchdown receptions of 3 and 45 yards.Green Bay made it 35-13 when Jamaal Williams scored on a 1-yard run with about four minutes to go.Deshaun Watson threw a 6-yard touchdown pass to Will Fuller with about 90 seconds left before the Texans recovered an onside kick. But David Johnson fumbled after a reception on the next play and the Packers ran out the clock.Watson threw for 309 yards with two touchdowns and former Green Bay receiver Randall Cobb had 95 yards receiving.WASHINGTON 25, COWBOYS 3LANDOVER, Md. (AP) — Washington’s defence finally clamped down on a struggling opponent, piling up six sacks, an interception and a forced fumble that became a safety in a 25-3 blowout of Dallas on Sunday that snapped a five-game skid.Montez Sweat had two sacks for Washington (2-5), Cole Holcomb had one to go along with a red zone interception and Landon Collins knocked the ball out of Andy Dalton’s hands for an early safety before leaving with an ankle injury. Dalton was under siege all day behind a patchwork offensive line before being knocked out of the game in the third quarter on a shoulder-to-head hit from Jon Bostic, who was ejected.Dalton was 9 of 19 for 75 yards before being injured and walking off under his own power to undergo concussion evaluation.Washington allowed 142 total yards to win a game by double digits for the first time since November 2018.Dallas (2-5) lost back-to-back games after Washington held Ezekiel Elliott to 45 yards rushing on 12 carries and rookie receiver CeeDee Lamb dropped a handful of passes thrown his way.A dominant defensive performance combined with rookie Antonio Gibson’s first 100-yard rushing game and a touchdown and a well-managed game by Kyle Allen were enough to put Washington back in the thick of the race in the dreadful NFC East.Allen was 15 of 25 for 194 yards with TD passes to Terry McLaurin and Logan Thomas in his third consecutive start since taking over as starting quarterback.BILLS 18, JETS 10EAST RUTHERFORD, N.J. (AP) — Josh Allen and the Bills were held out of the end zone for the first time this season, but Tyler Bass tied a franchise record with six field goals and Buffalo ended a two-game skid by beating winless New York.It was the third game in 13 days for the Bills (5-2), who lost to Tennessee and Kansas City before their ugly win against the league-worst Jets (0-7).The Bills fell behind 10-0 early and looked sluggish for most of the game, and the victory marked their first without getting a touchdown since they beat Washington 17-16 in 2007 on five field goals by Rian Lindell and a safety.It was also the first time the Jets lost without giving up a touchdown since a 9-6 loss to the Rams in 2016.Bass kicked a 40-yarder with 1:56 left after also making kicks of 53, 48, 46, 37 and 29 yards. He also missed from 45 and 37 yards, but made enough to tie Steve Christie’s team mark set against New York in 1996.New York had a chance late after Micah Hyde was called for an unnecessary hit on Breshad Perriman, who appeared unconscious for a few moments. But Sam Darnold was intercepted by Jerry Hughes on a tipped pass to seal it.___More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFLThe Associated Press
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INGLEWOOD, Calif. — Justin Herbert got his first NFL win, throwing for 347 yards and three touchdowns as well as running for a score as the Los Angeles Chargers snapped a four-game losing streak with a 39-29 victory over the Jacksonville Jaguars on Sunday.Herbert, the sixth overall pick in April's draft, completed 27 of 43 passes. He also rushed for 66 yards, a single-game high for a Chargers QB.Herbert joined Cincinnati's Joe Burrow as the only rookie quarterbacks in NFL history with 300 yards, at least three passing TDs, and one rushing in a game. Burrow did that earlier Sunday in the Bengals' 37-34 loss to the Cleveland Browns.More importantly for Herbert, was that first win as an NFL starting quarterback despite Los Angeles blowing another large lead.Jacksonville (1-6) tied an NFL record by allowing 30 or more points in six consecutive games.The Chargers jumped to a 16-0 second-quarter lead but squandered a double-digit advantage for the fourth time in five games. Jacksonville scored 21 straight points to go up by five early in the third quarter.Jacksonville was ahead 29-22 late in the third quarter when Los Angeles regained control. Herbert connected with Jalen Guyton for a 70-yard touchdown up the right sideline to tie it. Four plays after Tevaughn Campbell forced Dede Westbrook's fumble the ensuing kickoff — Troymaine Pope recovered at the Jaguars 19 — Herbert scrambled around right end from 5 yards to put the Chargers in front 36-29.Tight ends Donald Parham and Virgil Green also caught touchdowns for the Chargers, while Keenan Allen had 10 receptions for 125 yards.James Robinson led Jacksonville with 119 rushing yards on 22 carries and a touchdown. Gardner Minshew completed 14 of 27 throws for 173 yards and a pair of TDs.The Jaguars did not get their initial first down until nearly 20 minutes in, but trailed by only 16-14 at halftime. Robinson put Jacksonville on the board with a 4-yard run and then caught a 9-yard screen pass TD with 11 seconds left in the half.Jacksonville went up 21-16 when Daniel Thomas blocked Ty Long’s punt and returned it 16 yards for a touchdown.Green put LA back on top 22-21 with a 26-yard reception in the left corner of the end zone, but the 2-point conversion failed. The Jaguars answered when Chris Conley drew single coverage from Michael Davis and hauled in a 28-yard TD pass. Ben Ellefson caught the 2-point conversion to put the Jaguars up 29-22.Los Angeles once again got off to a fast start. After Michael Badgley's 35-yard field goal on the opening drive, rookie Joe Reed scored his first NFL touchdown on a 7-yard jet sweep around right end. It was the Chargers' first rushing touchdown since Herbert in Week 2 against Kansas City. Badgley missed the extra point.Parham became the first Chargers player in 42 years to get touchdowns on each of his first two NFL catches when he drew single coverage for a 22-yard pass from Herbert.INJURIESJaguars: CB Sidney Jones left during the first half with a back injury and did not return. ... WR Dede Westbrook suffered a knee injury on a kickoff return late in the third quarter and was carted off. ... LB Dakota Allen did not return after an ankle injury in the first quarter.Chargers: TE Green suffered an ankle injury after his touchdown and did not return. ... RG Ryan Groy had a biceps injury in the fourth quarter and did not return.UP NEXTJaguars: A bye before hosting the Texans on Nov. 8. Houston won the first meeting 30-14 on Oct. 11.Chargers: travel to Denver next Sunday.___Follow Joe Reedy at https://twitter.com/joereedy___More AP NFL: https://apnews.com/NFL and https://twitter.com/AP_NFLJoe Reedy, The Associated Press