Politics and Government

Stocks were mostly higher on Monday, led by sharp gains in energy and financials. However, investors were also bracing for the upcoming U.S. midterm elections.

Stocks traded in a wide range on Friday as investors digested different comments and reports on global trade, while Apple shares dented the broader tech sector.

Polls and forecasters suggest Democrats have a good chance to take control of the House, while Republicans are favored to keep a slim majority in the Senate. But deviations from the expected outcome could have massive implications for investors.

The immigration issue has become a potent line of attack for the Republican party in the last days before the election. The strategy: link illegal immigration to crime, terrorism and economic competition, and blame Democrats.

With Iran sanctions set to take effect amid a Saudi political crisis the market didn’t expect, geopolitics would be expected to benefit oil prices and energy stocks. But oil has been pressured lately, and big energy stocks have trailed the market.

Footage published by CNN appeared to show a man exiting the Saudi consulate in Istanbul Oct. 2 wearing the same pants, shirt and jacket that Khashoggi had been wearing when he entered. But the shoes didn’t match, a diplomat tells The Washington Post.

The measures are significantly more dramatic than some previous Democratic proposals – a reflection of the proximity to the midterm elections and the early interest surrounding the presidential race in 2020.

“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” Trump said from Erie, Pennsylvania.

The latest move by China’s central bank to cut the amount of reserves held by banks is an indication that authorities in the world’s second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said.

With midterm elections one month away, all eyes on are on Florida, which is considered a battleground state for the Senate. And as John Harwood reports, the Sunshine State will likely determine this year’s race.

The Trump administration’s new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact. There are some key differences, however, particularly when it comes to the dairy and auto industries.

“There’s going to be a supplemental FBI background investigation” Majority Whip Sen. John Cornyn, R-Texas, said Friday. The Texas Republican said the delay would last no longer than a week.

With the 2014 Farm Bill set to expire after this weekend and no deal reached by a conference committee, it’s likely the legislation won’t be taken up by Congress until after the November elections.