- U.S. debt reached its highest level relative to the size of the economy since World War II. The federal budget deficit is expected to hit $3.3T this year while government revenues fell 10%.
- The U.S. economy added 1.4M jobs in August. The unemployment rate dropped to 8.4% from 10.2%.
- The Centers for Disease Control and Prevention has notified public health officials in all 50 states to prepare for the distribution of a COVID-19 vaccine as early as November 1st.
- Robinhood faces SEC fine for failing to disclose sale of client orders to high speed trading firms.
Regulatory Chatter and Industry Trend
Investment Manager News
EIA Petroleum Status Report – September 10, 2020
EIA Natural Gas Report – September 10, 2020
Consumer Price Index –September 11, 2020
Baker-Hughes Rig Count – September 11, 2020