Stocks push higher, fresh records in sight, as earnings and service-sector data surprise to the upside
MARKETWATCH FRONT PAGE (http://www.marketwatch.com)
U.S. stocks rise Wednesday as corporate earnings results surprised to the upside and rosy service-sector data outweighed a disappointing jobs report from payroll provider ADP. See full story (http://www.marketwatch.com/story/dow-sp-500-futures-point-to-fourth-straight-gain-ahead-of-private-sector-jobs-report-2020-08-05).
Trump suddenly supports mail-in voting -- for the key swing state of Florida
After weeks of bashing mail-in voting and even suggesting the 2020 election should be delayed. President Donald Trump has changed his tune -- at least when it comes to the critical swing state of Florida. Now he's for it. See full story (http://www.marketwatch.com/story/trump-suddenly-supports-mail-in-voting-for-the-key-swing-state-of-florida-2020-08-04).
White House, Democrats agree to try to reach coronavirus-aid deal by week's end
After more than a week of almost daily face-to-face meetings, Trump administration officials and congressional Democratic leaders have agreed to try to reach a deal by the week's end. See full story (http://www.marketwatch.com/story/white-house-democrats-agree-to-try-to-reach-coronavirus-aid-deal-by-weeks-end-11596583067).
Disney shakes up streaming approach after losing nearly $5 billion due to pandemic
Walt Disney Co. is doubling down on streaming after reporting a quarterly loss of nearly $5 billion Tuesday amid a pandemic that has all but paralyzed its theme parks, live productions and cruise line. See full story (http://www.marketwatch.com/story/disney-loses-nearly-5-billion-in-three-months-as-pandemic-wreaks-havoc-on-business-2020-08-04).
Kodak shareholders were not the only beneficiaries of the sudden stock surge -- holders of convertible bonds also saw tidy gains
Eastman Kodak Co.'s share price rally after news of a $765 million government loan to help it make drug ingredients at its U.S. factories has offered shareholders and executives with stock options a tidy windfall. But they're not alone. See full story (http://www.marketwatch.com/story/kodak-shareholders-were-not-the-only-beneficiaries-of-the-sudden-stock-surge-holders-of-convertible-bonds-also-saw-tidy-gains-2020-08-04).
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COVID-19 gives us an opportunity to take care of our people See full story (http://www.marketwatch.com/story/how-to-be-an-effective-leader-during-a-crisis-2020-08-05).
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(END) Dow Jones Newswires
August 05, 2020 12:00 ET (16:00 GMT)
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