UPDATED, 4:05 p.m. ET: U.S. stock indexes dropped Friday after President Trump revealed that he tested positive for coronavirus and a report that September job gains came in below forecasts.
The Dow Jones Industrial Average was down 1.4% at market open, the tech-centric Nasdaq Composite Index slid 2.15%, and the S&P 500 was off 1.5%. Markets recovered noticeably around noon — and the Dow briefly crossed into positive territory — after news that Joe Biden, the Democratic presidential candidate, had tested negative for coronavirus.
As of market close Friday, the Dow had shed 134 points, down 0.48%, and S&P 500 was down about 1%. The Nasdaq index declined 2.2% for the day.
Markets globally were rattled by Trump’s positive test for COVID-19, because it introduces considerable uncertainty about the political leadership of the U.S., the world’s biggest economic power by GDP. At 74, Trump statistically is at a higher risk
This article is the fifth of a six-part series on investor disclosure in the municipal bond market.
The previous article,Muni Bond Market Disclosure: Thoughts From Standard-Setters And Stakeholders, discussed how other stakeholders in the municipal bond market, such as the Governmental Accounting Standards Board and the National Federation of Municipal Analysts, have also contributed to creating a disclosure framework.
This article discusses how, just as the then-new technologies of a decade ago transformed disclosure in the municipal bond market, today’s current technologies and data sciences portend further transformations. And, just as before, there are those that embrace them—and those that oppose them. History has shown that one thing is certain: technology keeps moving forward. Like it or not. Those that embrace it tend to succeed. Those that don’t, fail.
Published 6:06 a.m. ET Sept. 23, 2020
Does the Fifth Amendment privilege against self-incrimination prevent a court from ordering a criminal defendant to hand over the passcode to his smartphone?
According to a Florida appellate court (coincidentally, the fifth appellate district), the answer is yes.
Jonathan Garcia is the defendant in a criminal case in which he allegedly broke a window at the home of the new boyfriend of his ex-girlfriend, Ana Diaz. When police arrived at the house to investigate, they found a Samsung Galaxy Note 8 smartphone, approximately 4 feet from the broken window.
Diaz identified the phone as belonging to Garcia and confirmed this fact for the investigating officers by calling Garcia’s phone number. The Samsung phone in question began to ring, and Diaz’s name and phone number were displayed on the phone screen. The police