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Good morning. Welcome to Axios today. It's Wednesday, September 23rd. I'm Niala Boodoo. Here's

how we're making you smarter today. We've hit a devastating COVID milestone of 200,000 American deaths.

Plus, what to make of corporate sustainability pledges? First, though, Wall Street's election night worries is today's one big thing.

Lots of people are preparing for an election night like no other this November.

Axios' markets editor Dionne Re Bowen has been looking at what Wall Street is anticipating.

Wall Street is feeling very apprehensive about the election and has taken out a lot of insurance just in case

things go haywire in addition to all the normal worries that would carry with it

we're just at this incredibly polarized divisive

moment in history. You've got a lot of people who are just really on edge about

that. There's a lot riding on this and we won't know a result for quite some

time.

So when you say that the market is taking out a lot of insurance against this volatility,

what does that mean?

So basically there's this thing that measures volatility in the stock market called the Vix and people can

take out options on the Vix sort of hedging their risk in terms of the Vix goes up

they can profit from it if the Vix goes down by a lot they can kind of reduce their loss. They can of

...