When is it OK to sell an art museum’s paintings?
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What about during a pandemic? Plus, as of Wednesday morning, the stock market is down 5% for the week. And, advertisers run into trouble with Facebook's temporary ban on political ads.
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Quarterly results from companies have been OK. So what's driving this week's stock market downturn?
Susan Schmidt, head of U.S. equities with Aviva Investors, says it's three big things: "increase in the number of virus infections, no stimulus before the election and then, importantly, that upcoming election, where we don't have a clear outcome." It's not just who wins or who loses the election. It's, do we know, in a timely fashion, who wins or loses? "Markets hate uncertainty," Schmidt said.
There were hiccups on Day 1 of Facebook's temporary ban on running new political ads
Marketplace's Kristin Schwab has more.