Despite softer demand in the commercial aviation space, the forecast for corporate jets remains somewhat strong. According to new survey data compiled by Honeywell Aerospace, a company that builds engines and a wide range of other aircraft parts, demand for corporate jets should recover to 80-85% of pre-pandemic levels in the fourth quarter of 2020, a strong recovery coming out of a relatively soft summer.

The data comes as part of a broad, annual survey that Honeywell conducts to gauge the demand for corporate jets. This year’s data gives unique insight into that demand as the economy recovers from the long term effects of a sustained, worldwide pandemic.

On the commercial side of the equation, passenger demand and traffic has dropped precipitously, leading to a wave of grounded aircraft and many orders canceled or put into holding patterns. In April, Boeing’s backlog contracted by 300 aircraft as cancellations surged. That same month, Airbus cut production.

While flight volumes and demand remain low in the commercial space, the forecast for recovery in the respective airframe industry also continues to slip. According to the Financial Times and Boeing, it may take up to three years for that industry and the subsequent orders to recover.

Corporate jet demand, by contrast, appears to have only suffered a minor setback. According to the survey conducted by Honeywell, while 82% of survey respondents plan to operate current equipment less often than in 2019 — an obvious effect of the pandemic — 4 in 5 respondents also said that the current economy doesn’t affect their buying plans. Five-year purchase plans are also down only one percent versus the

KEY POINTS

  • A  nine-member association of companies have pledged to build 16 small nuclear power stations by 2050
  • Each mini reactor would be in operation for up to 60 years and provide 440 megawatts of electricity per year
  • The program is expected to create 40,000 jobs.

The British government is considering investing 2 billion pounds sterling ($2.6 billion) to help build small nuclear reactors as part of London’s overall strategy of developing cleaner energy and achieving net-zero carbon emissions by 2050.

The financing program – details of which have yet to be finalized, Bloomberg reported – would involve the government buying an equity stake in various new small nuclear stations across the country. Smaller reactors, as the government envisions, may be a more economical strategy to build up nuclear power in the country.

Indeed, a nine-member consortium of companies, including Rolls-Royce Holdings Plc and construction giant Laing O’Rourke Plc, have pledged to build 16 small nuclear power stations by 2050 on existing nuclear sites. This program is expected to create 40,000 jobs.

Each mini reactor would be in operation for up to 60 years and provide 440 megawatts of electricity per year — enough to power the city of Leeds (a city of 480,000 people), Financial Times reported.

The government’s funds “should deliver sufficient cash to get the consortium through building the factories and well on the way to construction of power stations prior to finding more money from other sources,” a source told FT.

“Nuclear power will play a key role in the U.K.’s future energy mix as we transition to a low-carbon economy, including through our investments in small and advanced modular reactors,” a spokesperson for the Prime Minister said.

The government’s initial investment would be part of the first tranche to construct five such small nuclear stations.

Money still talks to voters. A new Gallup analysis released Monday reveals that the economy emerges as the No. 1 issue for voters as Election Day approaches, now just four weeks off.

“As the nation remains in a pandemic-induced recession, U.S. registered voters say the economy is the most important issue of 16 that may potentially affect their choice for president. Nearly nine in 10 registered voters consider the presidential candidates’ positions on the economy ‘extremely’ (44%) or ‘very’ (45%) important to their vote,” writes Gallup analyst Megan Brenan.

Among Republicans, 93% cited economy as their main interest, along with 85% of Democrats.

As it has been in past months, this is helpful factor for President Trump. Multiple pollsters have consistently confirmed over time that voters gave Mr. Trump higher ratings than Democratic presidential nominee Joseph R. Biden in economic matters. In some cases, Mr. Trump led his rival by 10 percentage points or more.

Gallup itself found that Mr. Trump currently enjoys a 46% job approval rating, his highest since May. In addition, 54% of U.S. adults currently approve of Mr. Trump’s handling of the economy, up from 48% in August. The pollster did not offer a comparison to Mr. Biden.

A recent NPR/Marist poll conducted in mid-September, however, found that 50% of the respondents said Mr. Trump would handle the economy better, while 43% cited Mr. Biden.

But back to Gallup. Here’s what other issues could sway the voting public.

“At least three-quarters of voters consider six other issues to be important to their vote choice — terrorism and national security (83%), education (82%), health care (80%), crime (79%), the response to the coronavirus (77%), and race relations (76%),” the analysis said.

See the numbers in the Poll du Jour at column’s end.

BARRETT: JUST GET

LONDON (Reuters) – Sterling fell against the euro on Monday, although losses were limited as most analysts said they expect Britain and the European Union to soon conclude a Brexit deal.

FILE PHOTO: Queen Elizabeth II is seen with printed medical masks on the Pound banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration

Versus the broadly weaker U.S. dollar, the pound rose.

British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula von der Leyen, agreed in a phone call on Saturday to step up Brexit talks to close “significant gaps” barring a new trade partnership.

Both sides said they have made some progress but not achieved yielded a breakthrough.

The EU must show “more realism” if it wants to bridge differences with Britain on fisheries, a spokesman for Johnson said on Monday.

Johnson does not want the Brexit transition to end without a new trade deal in place, he said on Sunday, but he believes Britain could live with such an outcome.

“While we have frequently cautioned that the more uncertain global backdrop has made it harder to express views on the Brexit process in the currency this year, we are encouraged by the pound’s increasingly idiosyncratic price action as the negotiation deadlines draw near,” Goldman Sachs analysts wrote in a note to clients.

Goldman Sachs saw the pound strengthening to 87 pence against the euro and said “investors with a stronger conviction that risk conditions will improve into year-end should consider expressing the view in cable (sterling/dollar) to also benefit from likely dollar depreciation.”

The derivatives market showed that traders have bought more protection against future pound volatility. The cost for one-month options — which encompass the timing of a possible Brexit deal — in sterling/dollar are around their highest level in the

CHICAGO, Oct. 5, 2020 /PRNewswire/ — For the next open enrollment period beginning on November 1, 2020, Ambetter Health Insurance will be offered in Illinois under a new name on the Health Insurance Marketplace – Ambetter of Illinois Insured by Celtic Insurance Company (“Ambetter of Illinois” or “Ambetter”). The health insurance plan has previously been available as Ambetter from IlliniCare Health.

“Although we’re changing our name, our members’ health coverage is still the same, and they can expect the same personalized service and benefits we’ve delivered for years,” said James Kiamos, Meridian Plan President and CEO for Illinois. “Ambetter of Illinois remains committed to transforming the health of the community, one person at a time, and we look forward to further empowering our communities to take charge of their health.”

Illinois residents will begin to see Ambetter of Illinois replace the old brand name across various channels, including in the community and online. Current members of Ambetter from IlliniCare Health will be able to continue using their coverage until the end of the year, and during open enrollment they can renew their coverage for next year with Ambetter of Illinois.

Open enrollment begins on Sunday, November 1, 2020, and ends on Tuesday, December 15, 2020. This is the only opportunity for individuals and families to shop for health insurance on the Health Insurance Marketplace, unless they qualify for special enrollment. Illinois residents interested in learning more about Ambetter of Illinois or enrolling in a health plan during the open enrollment period may visit www.ambetterofIllinois.com. 

About Ambetter of Illinois
Ambetter of Illinois serves under-insured and uninsured populations through the federal insurance marketplace. Ambetter of Illinois is underwritten by Celtic Insurance Company, a wholly owned subsidiary of Centene Corporation, a leading multi-national healthcare