U.S. House Speaker Nancy Pelosi signaled openness to an airline-relief bill after President Donald Trump pulled negotiators from talks over a second coronavirus bailout. Stocks rose, but the White House decision to end participation in any broader rescue package negotiations could do lasting damage to the economy, risking a “tragic scenario” for 12 million unemployed Americans with expiring benefits and fading job prospects. Meanwhile, consumer borrowing unexpectedly fell. —David E. Rovella

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Here are today’s top stories

Goldman Sachs contends, however, that U.S. economic damage wrought by the pandemic is less severe than initially feared.

Wells Fargo cut more than 700 commercial-banking jobs as a prelude to firings that could ultimately number in the tens of thousands. Citigroup agreed to an order from the Fed that it fix longstanding problems with its risk controls.

Brexit negotiations may break down within days after the U.K. government warned it will pull out of talks with the European Union if there is no clear deal in sight next week.

Covid-19 patients who experience even the mildest illness risk suffering symptoms 60 days or more after falling ill. France reported a record number of new cases Wednesday and Italy’s infections spiked to the highest since April as Europe grapples with a second wave. Eli Lilly asked U.S. drug regulators to authorize emergency use of its experimental antibody therapy after data showed it reduced hospitalizations. Here is the latest on the pandemic.

With millions of Americans still working from home and cooking their own meals, the grocery industry has been one of the few bright spots in an otherwise battered U.S. economy. Unless, that is, you are Whole Foods.

Hurricane Delta is poised to menace Louisiana after barreling across Mexico’s Yucatan Peninsula, where it knocked out power and slammed the resort areas of Cancun and Cozumel with strong winds and a dangerous storm surge. Here’s the latest on the continuing hurricane season.

What’s Joe Weisenthal thinking about? The Bloomberg news director says that a deeper look under the hood of the U.S. labor market reveals some concerning signs. In areas like retail and construction, which were forced to temporarily shut down in the spring, positions continue to rapidly open up. But in areas such as banking, finance and software development, job openings remain extremely depressed. More broadly, in parts of the labor market that represent longer-term commitment, where hiring and firing decisions aren’t immediately connected to the virus or lockdowns, we continue to see persistent weakness and signs that longer-term investment is on hold.

What you’ll need to know tomorrow

• Workers say court order that U.S. continue Census was ignored.
• The U.S. vice presidential debate is to take place tonight.
• The Fed may be considering more bailout bond buying.
• The World Trade Organization’s top spot is down to two candidates.
• U.S. saw 16 climate disasters this year that cost $1 billion or more.
• Businessweek: Dubious Lyme Disease treatments are killing people.
• How Nintendo’s “Animal Crossing” prepares players to trade stocks.

What you’ll want to read in Bloomberg Hyperdrive

Supersonic-Jet Builder Aims for 3,000 MPH Flight

As the new era of supersonic air travel nears, one of the pioneering players is looking further into the future—toward flights that are even faster. Aerion, the supersonic jet builder founded by Texas billionaire Robert Bass, plans to deliver a business jet with top speeds of 1.4 times the speed of sound, or about 1,074 mph. But Aerion Chief Executive Officer Tom Vice is already anticipating the arrival of hypersonic travel, with speeds as high as 3,000 mph.

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