Welcome to FiveThirtyEight’s weekly politics chat. The transcript below has been lightly edited.
This summer, we asked readers to send us their climate change questions. And they did. We received many, many, many climate change questions. So many, in fact, that we’re doing several different projects around them. The main column, Climate Questions from an Adult, explores the business, culture and chemistry behind your pressing climate queries. Today, in another edition of our second column, Who’s Winning Climate Change, we’re diving into the strange stories and complex choices that arise when a warmer planet isn’t 100 percent terrible for everyone.
Welp, this is never fun. We discovered an issue with how our primary model was making state-by-state and district-by-district forecasts. Specifically, the model was not properly calculating the demographic regressions that we use as a complement to the polls.
Gains for chipmakers and banks led the S&P 500 Index and Nasdaq Composite toward records after Bloomberg News reported that China’s latest moves to aid growth include possible bailouts for hard-hit industries. The dollar climbed to a four-month high after data on housing starts and building permits exceeded analysts’ estimates. Treasuries held steady after minutes showed Federal Reserve officials viewed monetary policy as appropriate “for a time.”
We think of today’s Washington as being rigidly divided along party lines on nearly every issue. But a bloc of Democrats in the Senate just joined with Republicans and the Trump administration on a bill that would lighten some restrictions on banks imposed by the Dodd-Frank financial regulation law, one of President Obama’s signature policy achievements. Meanwhile, some congressional Republicans are considering legislation that would stop President Trump’s new tariffs on steel and aluminum imports, which several Democrats and labor leaders have publicly supported.
NEW YORK (Reuters) – The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic.