28 September 2020

1) Another round of protest against the police was spurred by the grand jury in Kentucky deciding to indict only one of the three officers in the case of the 26 year old medical technician. The case of Breonna Taylor, who was fatally shot by police inside her apartment during a no-knock drug raid on 13 March 2020, is a closely watched case across the nation. The protests which started almost four months ago, seem to be getting more violent with one policemen in Seattle attacked by a protester and struck from behind with a metal baseball bat that cracked the policeman’s helmet. The officer sustained only minor injuries and was checked at the scene by the Seattle Fire Department. A video of the incident instantly went viral.

2) The U.S. Navy is considering expanding the naval force to a maximum of 534 ships by the year 2045, with many of the ships unmanned designs. Currently, the fleet has 355 ships, so this would mean a major construction undertaking that in turn would be a stimulus to the economy for years to come. The plan is to build a new fleet of lightly manned ships that over time can be unmanned. The goal for the unmanned ships is to allow the independently operated robot navigation systems to provide ammunition reloads to attacking vessels. Right now, the Navy is researching and developing the means to deploy the automated systems.

3) Florida is reopening from the coronavirus with Governor Ron DeSantis lifting restrictions on capacity of restaurants and other businesses, vowing not to turn back. This is despite the state reporting hundreds of Covid-19 deaths a week. Furthermore, the Governor is making it harder for local governments to institute their own restrictions that go above and beyond the state’s rules. There is still uncertainty about the consequences of schools reopening and other more relaxed measures. Presently, Florida is experiencing about 700 Covid-19 deaths a week.

4) Stock market closings for – 25 SEP 20:

Dow 27,173.96 up 358.52
Nasdaq 10,913.56 up 241.30
S&P 500 3,298.46 up 51.87

10 Year Yield: down at 0.66%

Oil: down at $40.04

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