The latest U.S. employment data has some good news for once, suggesting the labor market, despite millions of unemployed, is beginning to improve. But for young Americans, the prospects of getting a job, accumulating wealth or even starting a family are darkening. They are also reporting elevated stress levels and symptoms of depression, while some are being blamed for spreading Covid-19, which is running rampant again across the globe and especially America. But at least one 25-year-old Stanford University dropout is lucky: He’ll become a billionaire after his driverless car startup goes public.

What you’ll want to read this weekend

President Donald Trump didn’t go off the rails in the last presidential debate but gained little ground on the frontrunner, former Vice President Joe Biden. One tech CEO emailed millions of clients urging them to vote for the Democrat, while Florida’s economic rebound could give Trump a better shot at taking that must-win state. But if the Republican loses the election, there’s a long list of legal threats that await him.

Any stock market plunge tied to the election would be a buying opportunity, says Morgan Stanley. Assets that you can’t see or touch are driving the S&P 500’s rally. Here’s how to trade the European market in the runup to the vote.

Ferries cross Victoria Harbor in Hong Kong

Photographer: Lam Yik/Bloomberg

It’s hard to believe, but more people have moved into New York City than out during the pandemic. Tenants finally have some leverage to negotiate cheaper apartments, as rents plunge in the world’s richest cities. Even in parts of Hong Kong, prices have slumped as much as 20%.

Top-ranked American business schools are losing lucrative foreign students. U.S. prosecutors called a Chinese visa offender a “foreign spy” without offering evidence. Bloomberg’s editorial board warns that Trump’s H-1B visa reforms will punish small businesses and stifle innovation.

The Brooklyn Museum of Art is selling artworks from its collection to raise funds. A handscroll painting from the Ming dynasty sold for a record $77 million in Beijing. And be sure to watch out for Covid-era scammers.

What you’ll need to know next week

• China’s top leaders meet to draft a five-year economic plan.
• Republicans plan Supreme Court confirmation of Amy Coney Barrett.
• Facebook, Google and Twitter CEOs to testify in Senate hearing.
• The WTO will rule on the EU’s retaliatory tariffs on U.S. exports.
• The earnings parade continues with Apple, Pfizer and Boeing.

What you’ll want to read in Businessweek

Addictive App Made Trading a Pandemic Pastime

Robinhood challenged industry conventions. It brought the compulsive, viral loops that govern our lives on Instagram and Twitter into the financial realm. Now the platform has to make money from its devoted fans.

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