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Lockdowns in Europe are a warning to the United States

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subsc..

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A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.What's happening: Paris has imposed an overnight curfew. In London, people from different households are banned from meeting indoors. The measures are an attempt to stem the rapid rise in Covid-19 cases across the continent as hospital capacity again becomes a concern.Stocks in London, Paris, Milan and Frankfurt sold off sharply on Thursday before rebounding Friday. Markets aren't tanking like they did in March, but the quick change in climate still presents a cautionary tale.Bank of America's economists in Europe put it simply in a note to clients on Friday: "Yes, it is bad.""Localized and surgical restrictions could become more disruptive if they keep mounting up," they said. "Precautionary savings, which are already large, could increase further driven by virus related uncertainty. And voluntary social distancing can easily amplify the economic impact of the resurgence of the virus."The size of the economic impact of the fresh measures is difficult to ascertain, especially given the patchwork response in countries like the United Kingdom, where cities such as Liverpool face even tighter rules than London."Tracking the scale and scope of restrictions will be [of] utmost importance going forward," said Deutsche Bank economist Sanjay Raja. He's sticking with his prediction for 2% growth in the United Kingdom between October and December, but said that if any more restrictions are imposed, the economy could completely stall.Allianz now expects key European economies to contract again in the final quarter of the year, with Spain's economy shrinking 1.3% compared to the previous quarter and France's economy shedding 1.1%.Big picture: There's little reason to think that the challenge facing leaders in Europe — act decisively and try to stave off a worsening health crisis, or take moderate steps that could protect fragile economic gains — is purely a local phenomenon.See here: New York City is grappling with a Covid-19 resurgence in some neighborhoods in Brooklyn and Queens by closing non-essential businesses and schools in certain areas, an attempt to avoid broader shutdowns for now.In the United States, the one-week average of new daily cases has moved above 53,000, an increase of more than 55% in just over a month, according to Johns Hopkins University data.The Back-to-Normal Index from CNN Business and Moody's Analytics shows that the US recovery has effectively plateaued since mid-September. Yet Europe demonstrates how quickly the situation can go into reverse.Investor insight: European stocks have enjoyed heightened demand from investors in recent months. Money managers pointed to Europe's relative control of the virus after the spring, while lauding an agreement among EU leaders to raise 800 billion euros ($938 billion) for recovery efforts. Without the first part of that equation, however, the region could struggle.

Netflix is having a killer year. Can it keep it up?

It won't come as a surprise to anyone who's been hunkering down at home that Netflix is having a knockout year.While movie theaters are quickly running out of cash, Netflix is thriving. The streaming service added 26 million subscribers in the first half of the year as the cultural conversation centered on shows like "Tiger King." Last quarter, Netflix more than doubled its profit compared to the same period a year earlier.Watch the stock: Shares have skyrocketed 64% in 2020, while the S&P 500 has gained closer to 8%.Investors will tune in Tuesday to see if Netflix can maintain momentum when it reports results for the July to September quarter. The company said in July that it expected to bring about 2.5 million subscribers during that period.Bank of America analysts thinks subscriber numbers could be weaker this quarter given increased competition from players like Disney+ and NBC's Peacock, the return of live sports and a predicted increase in people cancelling subscriptions.Even so it raised its target for the stock to $670, a 26% rise over Friday's closing price, due to faith in the company's long-term strategy.Monday: China GDP and September industrial production, retail sales and unemployment; Halliburton (HAL) and IBM (IBM) earningsTuesday: US housing starts and building permits; Lockheed MarRead More – Source

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‘QAnon Shaman’ Jake Angeli charged over pro-Trump riots

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A prominent follower of the baseless conspiracy theory QAnon has been charged over the US Capitol riots.

Jacob Anthony Chansley, known as Jake Angeli, is in custody on charges including violent entry and disorderly conduct.

Mr Chansley, who calls himself the QAnon Shaman, is allegedly the man pictured with a painted face, fur hat and horns inside Congress on Wednesday.

Donald Trump faces another impeachment charge for his role in the unrest.

Democrats accuse the president of encouraging the riots, in which five people died.

The FBI has been appealing to the public to help bring the assailants to justice.

Mr Chansley has not commented publicly on the charges.

A statement from the federal attorney for Washington DC said: “It is alleged that Chansley was identified as the man seen in media coverage who entered the Capitol building dressed in horns, a bearskin headdress, red, white and blue face paint, shirtless, and tan pants.

“This individual carried a spear, approximately 6 feet in length, with an American flag tied just below the blade.”

The statement said police had also detained a man from Florida believed to have been photographed carrying House Speaker Nancy Pelosi’s lectern from the House of Representatives chamber.

Adam Johnson, 36, is being held on charges including one count of theft of government property and one count of violent entry.

Also among those charged is West Virginia lawmaker, Derrick Evans. He is alleged to have posted a video of himself online, standing outside the building with Trump supporters, and then going inside.

He was arrested on Friday and is also accused of violent entry and disorderly conduct on Capitol Grounds, the Department of Justice statement said.

More than a dozen people have now been charged in offences related to the assault on the Capitol building. They include an Alabama man allegedly found with 11 Molotov cocktails near the unrest.

Mr Trump is due to leave office in 11 days. Democrats in the House of Representatives plan to introduce an article of impeachment against him on Monday, for “incitement of insurrection”.

A White House spokesperson said impeaching the president at this late stage would only further divide the country.

Read from source: https://www.bbc.com/news/world-us-canada-55606044

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US election: Trump tells Georgia election official to ‘find’ votes to overturn Biden win

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US President Donald Trump has been recorded telling Georgia’s top election official to “find” enough votes to overturn the election result.

“I just want to find 11,780 votes,” Mr Trump told Republican Secretary of State Brad Raffensperger in a recording released by the Washington Post.

Mr Raffensperger is heard replying that Georgia’s results were correct.

Mr Biden won Georgia alongside other swing states, winning 306 electoral college votes to his Mr Trump’s 232.

Since the 3 November vote, Mr Trump has been alleging widespread electoral fraud without providing any evidence.

He tweeted on Sunday that Mr Raffensperger had not given details of the fraud the president alleges. “He has no clue!” the president tweeted.

All 50 states have certified the election result, some after recounts and legal appeals. So far, US courts have rejected 60 challenges to Mr Biden’s win.

Congress is due to formally approve the election result on 6 January.

Mr Biden, a Democrat, is due to be inaugurated as president on 20 January.

Voters in Georgia are due to vote again on Tuesday to elect two senators for the state. The result could determine the balance of power in the Senate – if the two Democrat contenders win, then there will be equal numbers of Republican and Democratic senators and Democratic Vice-president-elect Kamala Harris will have the deciding vote.

Mr Biden’s Democrats already control the lower House of Representatives.

What happened during the call?

In the excerpts released by Washington Post, Mr Trump can be heard alternately cajoling and pressurising Georgia’s secretary of state.

He insisted that he had won the election in Georgia and told Mr Raffensperger that there was “nothing wrong with saying you have recalculated”.

Mr Raffensperger responded by saying: “The challenge you have Mr president is that the data you have is wrong.”

Later in the call Mr Trump said the rumour was that ballots had been shredded and voting machinery had been removed from Fulton County in the state – a charge Mr Raffensperger’s lawyer said it was not the case.

The president then threatened the official with possible legal consequences.

“You know what they did and you’re not reporting it. That’s a criminal offence. You can’t let that happen. That’s a big risk to you and to Ryan, your lawyer,” Mr Trump said.

He told Mr Raffensperger he should re-examine the result in the state.

“You can re-examine it, but re-examine it with people who want to find answers, not people who don’t want to find answers,” he said.

“Mr President, you have people who submit information and we have our people that submit information and then it comes before the court and the court has to make a determination,” Mr Raffensperger replied. “We have to stand by our numbers, we believe our numbers are right.”

 

Read from source: https://www.bbc.com/news/election-us-2020-55524838

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Fact-checking Trump’s conspiracy theory connecting Georgia’s secretary of state to China

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In the waning days of his presidency, Donald Trump continues to spread nonsense conspiracies over the 2020 election and the officials who oversaw it, attacking Georgia’s governor and secretary of state on Twitter Tuesday.

Following Secretary of State Brad Raffensperger’s announcement that a ballot signature match audit found no evidence of absentee voter fraud in Cobb County, Georgia, Trump tweeted a conspiracy theory linking Raffensperger to the Chinese government.
Trump tweeted that Raffensperger has a brother who “works for China,” insinuating some nefarious, pro-China plot to have Trump lose the race in Georgia.
“Now it turns out that Brad R’s brother works for China, and they definitely don’t want ‘Trump’. So disgusting!” the President tweeted after attacking Georgia’s Republican Gov. Brian Kemp.
Facts First: This is false. A spokesperson for Raffensperger told CNN that the secretary of state has no siblings who work for China, as Trump baselessly alleged.
“There are no relatives who work for China or are affiliated with China,” said Georgia Deputy Secretary of State Jordan Fuchs.
Though it’s unclear exactly where Trump is getting the idea that Raffensperger’s brother works for China, it’s possible he is picking up on a false conspiracy theory spread by former political consultant Dick Morris, who made the allegation during an interview on Newsmax Tuesday evening and on his personal website.
In the interview, Morris leveled several false or misleading accusations against Raffensberger, including that Raffensperger is related to Ron Raffensperger, the chief technology officer of the Chinese company Huawei Enterprise Storage Solutions. Fuchs said that the secretary of state does not have a sibling named Ron.
Georgia Public Broadcasting reported Wednesday “public documents and records [show] that Raffensperger does have four siblings, including a brother, but none of them are named Ron, none work for Chinese technology companies.”
Morris also falsely accused Raffensperger of standing in the way of recounts and refusing to verify signatures. Georgia conducted a statewide audit, hand-counting about 5 million ballots and Raffensperger oversaw an additional recount. And in addition to the state’s existing signature verification process that occurs twice in the case of absentee ballots requested by mail, Raffensberger announced his office would help conduct a signature match audit statewide to further verify signatures on absentee ballots.
In a statement, Newsmax told CNN:
“Newsmax has never made any claim of impropriety by Georgia Sec. of State Brad Raffensperger or any member of his family. On Tuesday night, while appearing on the network, commentator Dick Morris claimed he was reporting on Dickmorris.com an allegation that Raffensperger had a brother who worked at a Chinese company. This claim was apparently inaccurate. During the segment the Newsmax host was highly skeptical of Mr. Morris’ claims and suggested there was no evidence behind Mr. Morris’ assertion, and specifically asked Mr. Morris to provide evidence of his claim.”
CNN has attempted to reach Morris for comment but has yet to receive a response.

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