History is littered with women brought undone by the actions of men, women who have seen their lives upended when their partners behaved like scoundrels.

But Gladys Berejiklian?

Will she become the third premier of New South Wales whose career is ended by events before the Independent Commission Against Corruption?

It seems likely.

The revelations of Berejiklian’s “close personal relationship” with the former MP for Wagga Daryl Maguire, who is before the commission over allegations of corrupt conduct, have come as a bombshell.

Even more astounding is that the relationship, begun in 2015, continued until August this year. This was after Berejiklian sacked Maguire from the Liberal party, forced him to sit on the crossbench and prevailed on others to get him to resign as the member for Wagga Wagga.

The allegations against Maguire are in the public domain and in substantial detail.

In her press conference on Monday after giving evidence to the commission, Berejiklian said she continued the friendship because Maguire was in “a very dark place” and he had lost everything. She is appealing to the desire of all of us to support friends.

But she is the premier, and she sets the standards of her government.

Among the conduct under investigation is whether Maguire ran a business, G8way, out of his parliamentary office, offered visa services to Chinese business partners and was involved in paid lobbying for various landholders, including one at Badgerys Creek, the site of Sydney’s second airport.

Over several hours on Wednesday Berejiklian, a notoriously private person, had her personal life laid bare, as the counsel assisting, Scott Robertson, played telephone intercepts of her personal calls with Maguire during 2017 and 2018.

Berejiklian is single. Maguire is now separated. This is not a question of morality. It is one of judgment: whether Berejiklian

Key Takeaways:

  • Market dives ahead of open after president tests positive for coronavirus
  • Payroll growth of 661,000 jobs well short of expectations
  • More data on way after payrolls including sentiment, factory orders

On payrolls report day, we always start this column with a rundown, as it’s one data point that typically sets the tone for the session—if not the coming month.

Not this time. With the bombshell news that the president and first lady tested positive for Covid-19, markets start today on the back foot, with major indices falling sharply in overnight trading. The news adds a new twist to what was already shaping up as a strange and highly uncertain election season, and also raises fears of how far the virus might have spread to people the president has spent time with, including his opponent.

That’s the scenario that might really shake up Wall Street, but there’s no sense putting the cart before the horse. Investors should consider caution at times like these, when volatility rises sharply and uncertainty rules the day. There’s no need to be a hero and be first in or out of a big move, and there’s no need to trade in large increments. One thing this news does do is reinforce how Covid-19 remains the number one story affecting the markets, and that’s not likely to change anytime soon even with the election looming.

Before the opening bell, sectors taking the biggest hit included airlines and other travel and “reopening” types of stocks as shutdown fears rose in the wake of the presidential news. Tech also took a step back. However, payrolls data could have an additional impact on trading.

Payrolls Data Mostly Fail to Impress

The pre-opening slump from today’s biggest news story didn’t appear likely to get much

Target plans to use its stores to fulfill many online orders this holiday season


AFP via Getty Images

Target Corp. said Monday that it will host its Deal Days shopping event on Oct. 13 and Oct. 14, the same days that Amazon.com Inc. is having its delayed Prime Day event.

Amazon
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also announced the dates for Prime Day on Monday.

Target Deal Days will feature digital promotions on “hundreds of thousands of items,” according to a statement sent to MarketWatch from the company.

Read: Amazon will host its delayed Prime Day shopping event on Oct. 13 and 14

Target
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+1.36%

has already begun to detail some of its plans for the holiday. The company teased an October launch of holiday season deals back in July.

The retailer is focusing its holiday staffing on the consumer desire for e-commerce and contactless purchasing, with plans to double the number of workers supporting Order Pickup and Drive Up, which allows consumers to have purchases placed in their cars.

Target seeks to hire about the same number of seasonal workers as last year, according to a company statement, about 130,000. About 40% of seasonal hires stay on once the season is through.

Target says it has added 10 million new e-commerce customers and has seen the demand for same-day fulfillment quadruple during the first half of fiscal 2020.

The company aims to fulfill 90% of its digital orders from stores, a strategy that has helped the company’s bottom line.

See: Holiday sales forecast to grow 1% to 2.6% during new October-to-December shopping season: AlixPartners

The retailer plans to rely heavily on its existing workers, giving
them the chance to work additional hours, something that executives say Target
associates have asked for.

The company will also give workers the option to train