[ROLLING HEADLINE] FINAL US PRESIDENTIAL DEBATE

* ON FIGHTING COVID-19:

TRUMP: 

• COVID-19 vaccine is ready and will be announced in the coming weeks, not a guarantee - mentioned Johnson & Johnson (JNJ), Moderna (MRNA) and Pfizer (PFE) are doing very well.


• Trump said the country cannot remain closed - wants to open schools

BIDEN: 

• Democratic candidate Biden said he will speed up testing


• Did not rule out futures shutdowns but said measures need to be implemented to confront virus


• US needs resources to open safely

* ON NATIONAL SECURITY:

TRUMP:

• Nobody else has been tougher on Russia


• Does not get money from Russia


• Will release tax records as soon as he can; prepaid millions in taxes


• Opened a Chinese account in 2013 and closed it in 2015


• China devalued their currency


• Has a very good relationship with North Korea (Note. North Korea inveiled an ICBM recently)

BIDEN: 

• Any countries interfering with US elections will pay a price


• Did not receive any money for any outside source or any country


• Denied son Hunter Biden made money from China


• Will make China play by international rules; US ignored airspace over South China Sea


• Will only meet with North Korea if they draw down their nuclear capacity

* ON ECONOMY AND AMERICAN FAMILIES:

TRUMP: 

• House Speaker Pelosi does not want to approve stimulus


• Wants to terminate Obamacare and come up with a better healthcare plan


• Stock market will crash if Biden is elected

BIDEN: 

• The Republican leader in the Senate said he can't pass it [the stimulus]


• Will lower drug prices significantly


• "Bidencare" will cost around USD 750bln over 10yrs

* ON CLIMATE:

BIDEN:

• Will introduce 50k charging stations on highways (of note for EV makers)


• Rules out banning fracking


• Will stop federal subsidies for oil companies

23 Oct 2020 - 03:30- EquitiesEconomic Commentary- Source: Presidential Debate