Welcome to our exchanges Goldman Sachs markets update for Friday, October 9th.

Each week we check them at a leader across the firm to get a quick take of what they're watching in the markets.

I'm Jake Stewart, Global Head of Corporate Communications here at the firm.

And joining us today we have Jason Matthews from our Global Markets Division.

Jason, welcome to the program.

Thanks for having me, Jake. I really appreciate it. Marcus Division. Jason, welcome to the program.

Thanks for having me, Jake.

I really appreciate it.

So Jason, tell the listeners a little bit

what you do here at the firm, so they have some perspective on it.

Sure, I sit in our equity derivative sales group.

I focus on hedge funds and asset managers

and basically just covering them for equity derivative sales.

Okay, so Jason and I've going to talk a little bit about how markets have reacted to some of the news that we've seen this week.

It's been an extraordinary week on a number of fronts.

And just to remind our listeners, we don't have any special insight into the outcome, the election,

or any necessarily strong institutional views on this matter.

But we're talking about how our clients react to this news and how they trade in the markets based on that news.

So Jason, how did markets react to the

president testing positive for COVID? That news broke last Friday. What did you

see in the futures markets that morning?, sure. Walking into the office around 7 a.m. Friday, it was a pretty decent decline in S&P. It was not about 175 basis points.

NASDAQ was down about 230 basis points, but you know there was not a ton of information given at that time.

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