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P2JW308000-6-A00100-17FFFF5178F ****** TUESDAY,NOVEMBER 3, 2020 ~VOL. CCLXXVI NO.106 WSJ.com HHHH $4.00 DJIA 26925.05 À 423.45 1.6% NASDAQ 10957.61 À 0.4% STOXX 600 347.86 À 1.6% 10-YR. TREAS. À 3/32 , yield 0.848% OIL $36.81 À $1.02 GOLD $1,890.40 À $13.00 EURO $1.1641 YEN 104.75 What’s AP News PEREZ/ MICHAEL P; Business&Finance /A /PTR arket turbulence has DUNLAP Mdisrupted adriveby nonbank mortgagefirms to SHANE P; raise capital through public /A listings, with two major lend- ersrecently delaying IPOs. A1 HARNIK TwitterCEO Dorsey’s job appearssafeafter aboard ANDREW committeerecommended P; /A that the current management AR structureremain in place. B1 PUSK J. Chinese regulators met GENE with Jack Ma and topAnt : Group executives,days before LEFT the company’sstock is set P to begin trading publicly. B1 TO OM Walmart has ended its FR effort to use roving robots WISE in store aisles to keep OCK track of its inventory. B1 CL In Pennsylvania on Monday, President Trump spoke at a rally at the Wilkes-Barre/Scranton airport; Joe Biden attended a rally in Monaca; Vice President Factories across the Mike Pence, along with his wife, Karen, and daughter Charlotte were in Latrobe; and vice-presidential candidate Sen. Kamala Harris was in Pittston. globe bounced back strongly in October, as manufactur- ers hired more people and ramped up production. A2 Trump,Biden FightItOut to theEnd U.S. stocks rose, with the Dow, S&P 500 and against abackdrop of concerns states were steeling themselves Trump spent the closing days of astate,Ohio,that shifteddeci- Nasdaq gaining 1.6%, 1.2% Election officials steel over the vote-counting process foradrawn-out vote-counting the campaign questioning ex- sively behind Mr.Trump and and 0.4%, respectively. B11 forvotecountasthe and the prospect of legal chal- processdue to the massivein- tended vote counting,threaten- Republicans in 2016. Fines forwrongdoing on candidateshit astring lenges ahead. crease in early votes. ing legal action in key states and “Tomorrow we canend the Wall Street and other secu- Aday out from Election Day, AWall Street Journal/NBC suggesting therecould be fraud presidencythat has divided rities-related cases hit are- of battleground states Mr.Biden kept his focus on News poll conducted on Sunday or possible violence. Research- this nation,” theformer vice cord $4.6billion this year. A2 Ohio and Pennsylvania, while found that support forthe two ershavefound instances of ab- president said later at arally BY CATHERINE lUCEY Mr.Trump hoped to boost his candidates in agroup of 12 bat- sentee voterfraud, but studies in Pittsburgh. “Folks at home TomHayes,the ex-trader AND KEN THOMAS support with adash across tleground states has remained showitisn’t widespread. would know: Tomorrow we caN convicted of rigging Libor,will North Carolina, Pennsylvania, unchanged in recent days,with TheBiden campaign has re- PleaseturntopageA6 be released from prison on President Trump and Demo- Wisconsin and Michigan. Nearly Mr.Biden leading Mr.Trump, jected Mr.Trump’scomments, Jan. 29 afterserving five years cratic nominee JoeBiden of- 100 million ballotshavealready 51%to46%. stressing votesmust be counted. Gerald F. Seib: A time for of an 11-year sentence. B1 fereddueling visions forthe fu- been cast, through in-person Democratsand Republicans “One moreday!” Mr.Biden patience........................................ A4 The SEC adopted a rule tureonMonday, closing out the early voting or mail-in ballots, were bracing forpotential legal declared at adrive-in rally in Swing-state poll sees no late to help companies raise 2020 presidential campaign and election officials in many clashes over the results, as Mr. Cleveland, seeking to recapture shift................................................. A5 capital without going pub- lic, the latest in a series of measures likely to further bolster privatemarkets. B10 Vienna Terrorist Attack KatzenbergLed J.C. Penney cleared the way to sell itself out of bankruptcy to lenders and Quibi to landlords,settling with a Leaves Three People Dead group of holdout creditors. B2 Threepeople were killed World-Wide andseveral others seriously Hollywood Flop injuredinaterrorist attack GES that started in an area around IMA Trump and Biden offered asynagogue in the Austrian dueling visions forthe future, capital Vienna, policeand gov- GETTY The short, expensivelifeofentertainment’s closing out the 2020 presi- ernment officials said. SE/ boldeststartup dential campaign against a backdrop of concerns over By Bojan Pancevski, ANCE-PRES the vote-counting process Ruth Bender FR BY BENJAMIN MULLIN days, Quibi announced it was and the prospect of legal and William Boston AND lILLIAN RIZZO shutting down. challenges ahead. A1,A4-A6 GENCE Quibi, short for “quick /A Judges rejected Republican Policeshot and killed one When Jeffrey Katzenberg bites,” one of Hollywood’s GER challenges to rules forcasting gunman and said they couldn’t and Meg Whitman were de- most ambitious startups, HLA and counting ballotsinTexas rule out whether therewere SC veloping plans for a new aimed to revolutionize enter- and Nevada, as courtscontin- other attackerswho could still streaming-video service tainment with short-form uedtoconsider voting battles LAND be on the loose.Interior Min- RO called Quibi, they got a content designed specifically on the eveofElection Day. A3 ister Karl Nehammer said the Police searched a man at the site of the attack on bars and warning from advisers. Make for mobile phones. Investors entirecity should be consid- restaurants, close to a synagogue in central Vienna, late Monday. sure it caN be seen on TVs, Threepeople were killed who poured $1.75 billion into and several othersseri- ered dangerous. not just phones. this idea did so largely be- Mr. Nehammer said the at- containing the attack. comment on who was behind The two executives didn’t ously injured in aterrorist cause they trusted the gut tacker killed by police, who Aspokesman forVienna’s the terror act, it comes aftera follow the recommendation, attack in central Vienna, of- instincts and vision of Mr. wasarmed with an assault ri- emergencyservices said more series of bloody attacks that according to people familiar ficials said. An assailant Katzenberg, the movie mogul fle, wasanIslamic State sym- than 15 people were injured, have shaken France in recent with the matter, and de- wasdescribed as an Islamic who founded Quibi, and Ms. pathizer. including several who were se- weeks, marking the return of signed the service exclu- Whitman, the former CEO of State sympathizer. A1 Thepoliceoperation was riously hurt. Apoliceman was violenceonthe terror-scarred sively for people on the go. Hewlett Packard and eBay, Gunmen stormed Afghani- focused on six locations in undergoing surgery afterbe- continent afteraperiod of rel- The company eventually whom he recruited as chief stan’sKabul University,killing central Vienna wherethere ing shot. ative calm. changed course after launch- executive. at least 19 people and wound- had been gunfireMonday Theattacker who waskilled On Mondaynight, people ing, and in October, it re- Instead, they witnessed ing 22 others. ISIS’slocal affil- night. by police wore a fake suicide fled the area in central Vienna leased TV apps for some of one of the fastest collapses iateclaimed responsibility. A8 Thearmywas deployedto vest, Vienna MayorMichael while the attack in an area the biggest streaming-media in the entertainment busi- guardbuildingswhile the en- Ludwig said. around asynagogue wasunder platforms. ness. According to inter- In the U.S.,federal data tirepoliceforce focused on While authorities wouldn’t PleaseturntopageA8 It was too late: Within PleaseturntopageA12 showmen represent about two-thirds of Covid-19 deaths among middle-aged peo- ple,and similar trends A Pint and have emergedoverseas. A7 Turbulence Trips Up Stategovernments strug- Some Printer gling with the pandemic have Mortgage IPO Flurry paid tens of millions of dollars to big consulting firms forhelp, Toner, Please but in some cases have seen BY ORLA MCCAFFREY and delivering hefty profitsfor iii only modest benefits, if any. A7 home lenders. Arecent U.S. Air Force Mortgagelendershoping to Formuch of 2020,healthy British pubs purchase of Chinese-made take advantageofasurpris- demand formortgages and a ingly prosperous year arefac- surgeinpublic listings—the drones has fueled concerns became popular ing abig challenge: rising mar- IPO market is on pacetore- about the use of technology that lawmakersconsider a ketturbulence. cord itsbest year sincethe remote offices TheAugust market debut of tech boom of 1999 and 2000— threat to national security. A3 Quicken Loans parent Rocket created ideal conditions for BY JEM BARTHOLOMEW TheTreasurydialed back Cos.kicked off aflurryof nonbank mortgagelendersto itsestimates forgovernment planned public listingsfor raise capital through public LONDON—U.K.pubs are borrowing through the end of mortgagecompanies,marking listings. But avolatile autumn shutting down again. This time, the year as negotiations over amajor reversal foragroup in the marketsunderscores the it isn’t just the ale drinkers another large fiscal stimu- that just two yearsago was risks still looming over the who aregetting shut out. lus bill remain stalled. A3 under significant pressure.At mortgagesector. It’salso the workerswho least six of the 30 largest U.S. Theinitial offeringsoftwo made the pub their newremote The cloud CONTENTS Opinion.............. A17-19 mortgagelendershavegone major lenders, Caliber
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