Pelosi remains optimistic that an agreement can be reached before US election

Drew Hammill, the spokesperson to the US House Speaker Nancy Pelosi, recently tweeted that the Speaker and Secretary Mnuchin spoke today at 2:00 p.m. by phone for 52 minutes.

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Market implications 

US stocks have been sliding on the surge in covid cases.

The S&P 500 is down some 2%, but stablising and off the lows of the day. 

The news has helped stocks recover some more.