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Businesses Stay Cautious Despite Rebound P2JW307000-5-A00100-17FFFF5178F ADVERTISEMENT Meetour new, easy-to-use trading platform: thinkorswim® Web. LearnmoreonpageR10. ***** MONDAY,NOVEMBER 2, 2020 ~VOL. CCLXXVI NO.105 WSJ.com HHHH $4.00 Last week: DJIA 26501.60 g 1833.97 6.5% NASDAQ 10911.59 g 5.5% STOXX 600 342.36 g 5.6% 10-YR. TREASURY g 5/32 , yield 0.858% OIL $35.79 g $4.06 EURO $1.1647 YEN 104.67 Race for What’s News President Heads to Business&Finance Its Finale usiness formanycom- Bpanies rebounded faster Trump hopscotches than expected afterthe virus- related shock this spring,but through close states corporateleadersare warning while Biden trains his the bounceback wasn’t uni- form and mayprove fleeting sights on Pennsylvania as infections surge again. A1 WASHINGTON,Mich.—Pres- Airlines are resorting to ident Trump barreled through giving away seatsasthey nav- battleground states Sunday igatethe pandemic-inspired seeking alatesurge of support, collapse in travel, helping while Democratic challenger them drum up demand and JoeBiden appealed to Black keep some cash flowing in. A1 voters as he aimed to shoreup Stonepeak Infrastruc- the key prizeofPennsylvania. ture said it is buying As- tound Broadband, the By Catherine Lucey, sixth-largest U.S. cable-TV Eliza Collins provider, for $3.6 billion in and Joshua Jamerson one of the biggest lever- S aged buyouts this year. B1 PRES Both candidates were look- TED ing toward Tuesday’sfinish line Investors are heading CIA in acampaign likenoother in intowhat could be the most SO modern history, amid aworsen- volatile week for markets AS CI/ ing pandemic and warningsof all year, with many making VUC possible civil unrest. Afinal changes to their portfolios AN Wall Street Journal/NBC News ahead of the U.S. election. B1 EV poll showedMr. Biden ahead of Amazon is off to a slow GES; the Republican president by 10 start in itslatesteffort to woo IMA pointsnationally andby6 luxury goods onto its plat- pointsacrossagroup of 12 bat- form, having amassed just a GETTY tleground states. handful of big brands sincethe AN/ Theformer vicepresident push began in September. B3 wasinPhiladelphia on Sunday SULLIV and is expected to continue Newrules restricting skilled TIN campaigning in that stateand foreign workersare unnerving JUS P: in neighboringOhio on Mon- U.S. startup hubs,asfounders TO PleaseturntopageA4 and investorssay the curbs OM will hamstring their ability FR Supporters of the Democratic ticket, top, turned out to see vice-presidential candidate Sen. Kamala Harris in Duluth, Ga., on Sunday, Millions of mail-in ballots are to recruit top-tier talent. B3 while a crowd listened to President Trump speak at a rally in Dubuque, Iowa, bottom, as the campaigns eye the finish line Tuesday. still out.......................................... A6 World-Wide Businesses Stay Cautious Despite Rebound Trump barreled through battleground states seeking alatesurge of support, while Biden appealed to Black vot- BY MICAH MAIDENBERG during the quarter that ended Coca-Cola Co.Chief Executive Thecompanydeclined on cut up to 15% of itsglobal ersasheaimed to shoreup in September as businesses James Quincey told investors Thursday to offer arevenue workforce,including 1,900 po- the key prize of Pennsylva- Businessfor manycompa- and consumersadapted to the in October after the beverage forecast forits current quar- sitions in the U.S.,overthe nia before Election Day. A1 nies rebounded faster than ex- disruptionscaused by the cor- giantsaid quarterly revenue ter, disappointing investors. next year. pected following the coronavi- onavirus pandemic. fell 9%,moremoderatethan Luca Maestri, Apple’s chief Boeing Co.said last week Trump trails by 10 per- rus-related economic shock Yetexecutives described the28% decline in the prior financial officer,cited “the that it expectstoreduceits centagepointsamong voters this spring,but manycorpo- the path forwardastenuous, period.“It’simportant to re- continued uncertainty around head count by another 11,000 nationally, facing substantial rate leaders are warning that with caseloads hitting records member the world is in afrag- the world in the near term.” employees,including 7,000 public anxiety over the pan- the bounceback wasn’t uni- in the U.S. and government of- ile state.” Other companies have made layoffs,ontop of the almost demic but with broad approval form and might provefleeting ficials in Europe and else- Even companies that have public fresh rounds of job re- 20,000 already announced. of his management of the as infections surge again. whereimposing limitsoN benefited from shifting cus- ductions as the pandemic con- PleaseturntopageA2 economy, anew poll finds. A4 Stronger demand buoyed some activities. tomer behavior during the tinued to drag down their end Political groups areget- companies ranging from auto “It is not astraight-line re- pandemic,likeApple Inc., have markets. Investors get ready for an ting around Facebook’ssys- makerstocereal producers covery around the world,” sounded cautionary notes. Exxon Mobil Corp. plans to election jolt.................................. B1 temfor blocking false politi- caladvertising by reposting ads found to violateits poli- Airlines Try INSIDE cies,exposing aloophole. A6 Doctors Tackle The Pentagon has qui- S etly begun withdrawing Two for One PRES top military officers from GES TED MysteryofCovid U.S. embassies in Africa To Attract IMA CIA ETTY and downgrading other SO /G such postsworld-wide. A3 Customers AS ‘Long Haulers’ Theranks of caregiversat MILLER dozens of U.S. nursing homes Airlines areresorting to a MEDIAPUNCH/ plunged to dangerously low ETHAN levels on some of the deadli- newtactic in navigating the estdays of the pandemic. A7 pandemic-led collapse in travel: LEISURE &ARTS BUSINESS&FINANCE Fatigue, memory lapses, heart problems affect They aregiving seatsaway. Joe Morgenstern on Growth in music Johnson announced ana- those who weren’tthatbadly hit initially Sean Connery, the streaming services tionwide lockdown in England, By Benjamin Katz, the latest moveinawidening Alison Sider iconic James Bond, raises the value of Nearly a year into the tors is that many such cases European effort to contain the and Mike Cherney who diedatage 90. A13 song catalogs. B1 global coronavirus pandemic, involve people whose origi- coronavirus’sresurgence. A8 scientists, doctors and pa- nal cases weren’t the most Died: Sean Connery, 90, Alaska Air Group Inc.ran tients are beginning to un- serious, undermining the as- the essential James Bond. A13 48-hour sales in August and lock a puzzling phenomenon: sumption that patients with September, offering an entire Anxious About Election Day? mild Covid-19 recover within three-seat rowfor the priceof By Sarah Toy, two weeks. Doctors call the asingle ticket. Europe’sbiggest So Is Everybody Else Sumathi Reddy condition “post-acute Covid” JOURNAL REPORT airline,budget carrier Ryanair and Daniela Hernandez or “chronic Covid,” and suf- Small Business: Atale Holdings PLC,offered 2-for-1 iii ferers ofteN refer to them- specials forflightsthrough For many patients, including selves as “long haulers” or of tworestaurants in mid-December.Southeast Americans plan strategies to cope with young ones who never re- “long-Covid” patients. the pandemic. R1-10 Asia’sAirAsia brand earlier this quired hospitalization, “Usually, the patients with year sold “unlimited passes,” Tuesday; sorting Legos, setting sail Covid-19 has a devastating bad disease are most likely CONTENTS Outlook....................... A2 allowing customersinsome second act. to have persistent symp- Arts in Review... A13 Personal Journal A11-12 BusinessNews.......B3 Sports....................... A14 marketstotravelasmuch as Many are dealing with toms, but Covid doesn’t Crossword.............. A14 Technology............... B4 they wanted forafew months. BY JAMES R. HAGERTY they makeitthrough the symptoms weeks or months work like that,” said Trisha HeardonStreet... B10 U.S. News............. A2-7 The deals caN drum up de- AND ELIZABETH BERNSTEIN night? after they were expected to Greenhalgh, professor of pri- Markets.................. B8,10 Weather................... A14 mand and gettravelerscom- Some have already made recover, ofteN with puzzling mary care at the University Opinion.............. A15-17 World News... A8-9,18 fortable with flying again. “Whatever will be,will be,” theircoping plans.Saraand new complications that caN of Oxfordand the lead au- They arealso keeping at least as Doris Day used to sing. KenAiken expect to board affect the entire body—se- thor of an August BMJ study > some cash coming in the door, That’sfine formanypeople, their 40-foot Island Packet vere fatigue, cognitive issues that was among the first to as airlines keep much of their but what about those who will yacht in Annapolis,Md., Mon- and memory lapses, diges- define chronic Covid patients fleets parked. Alaska Airlines be quivering wrecks on elec- dayand cruise intoChesa- tive problems, erratic heart as those with symptoms last- usually runs 10 to 12 big pro- tion night, flung from hope to peakeBay.“No phones,no rates, headaches, dizziness, PleaseturntopageA10 motions ayear; it has recently despair and back by updates television, no political discus- fluctuating blood pressure, s 2020 Dow Jones & Company, Inc. All Rights Reserved been offering three a month. from counties with two pre- sion,” says Ms.Aiken, who even hair loss. Stricter lockdowns are PleaseturntopageA7 cinctsreporting? Howwill PleaseturntopageA10 What is surprising to doc- reimposed in Europe............
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