Wall Street closes in the red after disappointing retail sales in the U.S. renew calls for more fiscal support, with Democrats urging Republicans to return to the negotiating table. Legendary investor Masayoshi Son tells CNBC he is selling off Softbank assets to hoard cash in a bid to mitigate any Covid-related ‘worst-case scenario’. Facebook’s Mark Zuckerberg and Twitter’s Jack Dorsey appear before the Senate to defend their U.S. election coverage and moderation of content. A White House report warns of a renewed ‘aggressive and unrelenting community spread’ of Covid-19 across America. And in the latest M&A news, Deutsche Boerse announces it has bought a $1.8 bn share in Institutional Shareholder Services.

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