U.S. Election, Gig Work, Brazil’s Central Bank Autonomy: Eco Day

Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • With counting in many states expected to continue today -- and perhaps beyond -- Americans were poring over the latest vote totals Tuesday night. Here are the live updates on the U.S. election
    • The Federal Reserve announces its latest monetary policy decision Thursday, but rate cut pricing is not moving
    • Gig economy giants including Uber Technologies Inc., Lyft Inc. and DoorDash Inc. have won their effort to pass a hotly contested ballot measure that will exempt the companies from a California state law requiring them to classify most of their workers as employees
  • Justin Trudeau’s government is giving itself the power to regulate streaming services like Netflix Inc., including forcing them to contribute financially to Canadian shows
  • Brazil’s senate approved draft legislation that grants the central bank its long-sought formal autonomy, while adding a full-employment goal to its main inflation target
  • The euro-area economy ground to a halt in October and will probably shrink in the coming weeks after governments reinstated lockdowns to contain the pandemic

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