5 things to know for October 16: Town halls, Covid-19, economy, Mueller, Brexit

For more than three years, federal prosecutors investigated whether money flowing through an Egyptian state-owned bank could have backed millions of dollars Donald Trump donated to his own campaign days before he won the 2016 election, multiple sources familiar with the investigation told CNN. CNN's Evan Perez reports.

Posted: Oct 16, 2020 2:41 PM
Updated: Oct 16, 2020 2:41 PM

What will winter weather look like in your area this year? It depends on how it's affected by La Niña, the climate phenomenon marked by cooler-than-average sea surface temperatures in the Pacific Ocean.

Here's what you need to know to Get Up to Speed and On with Your Day.

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1. Town halls

President Trump and Joe Biden held concurrent town halls on two different networks last night. In Trump's appearance, he continued to downplay the coronavirus and said, without evidence, that ballots with his name on them had been found in garbage cans. He also refused to condemn QAnon, the false conspiracy theory linking Democratic leaders with a satanic pedophile ring. When asked about his recent retweet of a claim that Osama Bin Laden isn't actually dead, he said "People can decide for themselves." Moderator Savannah Guthrie clashed with the President on several occasions, and told him his claims sounded like "somebody's crazy uncle." During Biden's town hall, the former Vice President discussed policies aimed at helping Black Americans in response to a question from a skeptical constituent. Biden didn't clarify his position on the push by some progressives to add seats to the Supreme Court, a notion known as court packing, but he said he would do so before the election.

2. Coronavirus 

The US is approaching 8 million cumulative coronavirus cases and averaging more than 50,000 new infections a day, a sign that the difficult winter so many health experts have predicted is already approaching. Former New Jersey Governor Chris Christie says he was in intensive care for seven days while he fought the virus. And, contrary to President Trump's claims about Covid-19, he said his experience should show that people need to take the situation very seriously. Meanwhile, a big global study by the World Health Organization concluded remdesivir, the experimental antiviral drug, has little to no effect on the recovery of hospitalized coronavirus patients. WHO called the results "disappointing."

3. Economy 

Senate Majority Leader Mitch McConnell has all but quashed the Trump Administration's hopes for a big stimulus proposal before election day. McConnell, who favors a pared-down approach to coronavirus aid, said he will not consider any stimulus package over $1.8 trillion. However, the ongoing stimulus stalemate is pushing more people into poverty. Stimulus measures in the early days of the pandemic helped bring the poverty rate down from 11% in February to 9.3% in June. However, continued economic woes have brought the rate back up to 11.1%. Jobless claims are ticking back up, too. About 898,000 Americans filed for first-time unemployment benefits last week.

4. Mueller investigation 

CNN has revealed the existence of a years-long investigation into whether money flowing through an Egyptian state-owned bank could have backed a donation President Trump made to his own campaign in 2016. The three-year probe -- which included a subpoena fight that went all the way to the Supreme Court  -- was kept ultra secretive, and could have had national security and diplomatic implications if revealed at the time. Federal prosecutors closed the investigation without bringing any charges, but its existence provides a new understanding of law enforcement's suspicions of foreign interference in the 2016 election. There are still unanswered questions, however, as Mueller's office and subsequent prosecutors never gained a complete understanding of the President's financial ties.

5. Brexit 

Trade talks between the UK and the European Union didn't go anywhere this week. The UK's government was hoping for an agreement by the middle of October so businesses could prepare for the final Brexit transition deadline at the end of the year, but that deadline has come and gone. The EU has offered to continue talks, but UK Prime Minister Boris Johnson may decide to walk away from the table instead. If he does, it could cost the UK's economy -- already floundering due to the pandemic -- $25 billion next year. A limited free trade agreement with the EU could mitigate some of that damage.

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Finally, the days of torturous, half-forgotten earworms are over!

Empty streets during coronavirus restrictions make spies' jobs harder, says MI5 chief

We bet you never even thought about this bizarre consequence. And we bet you can't stop thinking about it now.

TODAY'S NUMBER

>17 Million

That's how many people have already voted, according to official tallies, and Election Day is still more than two weeks away.

TODAY'S QUOTE

"Any wait time that exceeds this half-hour standard is an indication that something is amiss and that corrective measures should be deployed."

A 2014 report by a presidential election commission that recommended voters should never have to wait longer than 30 minutes to cast their ballot. Hours-long lines and technical difficulties mean millions will wait far longer than that this year.

TODAY'S WEATHER

Check your local forecast here>>>

AND FINALLY

A reverse mermaid sings "Part of Your World"

Have a great weekend, folks.

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Indiana Coronavirus Cases

Data is updated nightly.

Cases: 300913

Reported Deaths: 5332
CountyCasesDeaths
Marion41330845
Lake26364448
Allen17299290
Elkhart16665212
St. Joseph16319220
Hamilton12459164
Vanderburgh9428112
Tippecanoe826727
Porter791279
Johnson6139164
Hendricks5807154
Vigo574474
Monroe525247
Clark495374
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Madison4760119
LaPorte446894
Kosciusko446139
Howard325575
Warrick316072
Floyd306177
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Wayne295261
Cass293431
Marshall289944
Grant258747
Noble246846
Hancock243749
Henry237136
Boone235154
Dubois230430
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Jackson206033
Morgan200643
Knox178017
Gibson177022
Clinton174920
Shelby174554
Lawrence171646
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Adams165219
Miami155114
Wabash153018
Daviess152243
Fayette145233
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Posey118913
Putnam118326
Wells118327
Randolph117819
White117421
Clay115621
Jefferson114214
Greene100253
Scott99818
Jay95012
Starke89221
Sullivan86615
Fulton81117
Perry80921
Jennings80514
Spencer8047
Fountain7378
Washington7176
Carroll66813
Franklin65925
Orange65728
Vermillion5832
Owen5816
Parke5416
Newton54012
Tipton53726
Rush5216
Blackford51211
Pike50218
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Brown3263
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Union2621
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Ohio Coronavirus Cases

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Cases: 363304

Reported Deaths: 6020
CountyCasesDeaths
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Cuyahoga35214736
Hamilton29462371
Montgomery19636225
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Lucas14033409
Summit12962310
Stark8529197
Warren798975
Mahoning7068299
Lake662766
Lorain623697
Clermont563946
Delaware540335
Licking535875
Fairfield523763
Trumbull5159144
Greene510563
Clark501064
Allen460685
Marion457751
Wood4394107
Medina428654
Miami416465
Pickaway396448
Columbiana339597
Portage334471
Tuscarawas317557
Wayne314993
Richland306732
Mercer284737
Ross239259
Hancock232736
Muskingum231910
Auglaize223230
Putnam221449
Erie217165
Darke217058
Ashtabula215753
Geauga197351
Scioto193615
Union18658
Lawrence185436
Shelby184815
Athens18454
Seneca173118
Belmont158529
Madison156218
Sandusky152327
Preble148421
Huron147518
Defiance137921
Holmes137739
Logan123613
Knox122518
Fulton122025
Crawford119116
Ottawa118930
Washington116427
Clinton103414
Ashland102722
Williams10238
Jefferson10124
Highland99517
Henry98422
Brown9644
Champaign9345
Jackson90312
Van Wert8976
Fayette89217
Hardin86118
Morrow8552
Guernsey83313
Coshocton81413
Perry77012
Adams75012
Pike7261
Wyandot70516
Gallia70413
Paulding62710
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Carroll44310
Meigs37612
Monroe31021
Morgan2395
Vinton2105
Harrison1913
Unassigned00
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