Coronavirus live news: White House chief of staff Mark Meadows tests positive – reports


US sees record 120,000 cases in a day as Texas edges towards 1m infections; Victoria records eight days in a row without a case. Follow the updates

4.46am GMT

Thanks for following our Covid-19 coverage so far today. I’m now handing over to my colleague, Mostafa Rachwani, who will take the coverage through to the evening.

I’ll leave you with this update:

Chief of Staff Mark Meadows, said to have tested positive for Coronavirus, seen without a mask, on right, behind Pres Trump during visit to his campaign HQ on Election Day.

4.31am GMT

My colleague Martin Farrer reports that while the world is gripped by the most serious pandemic for a century, and the US presidency is facing transition, at least one thing remains certain amid all the chaos: the Australian property market keeps going up.

Figures for October showed this week that prices have risen for the first time since the onset of the coronavirus pandemic in the latest batch of data to confound expectations that the property market would collapse under the weight of lockdowns, recession, unemployment and lack of immigration-driven population growth.

And with the Reserve Bank cutting interest rates to a record low of 0.1% on Tuesday, owner-occupier lending hitting an all-time monthly high of $16bn according to ABS data, and savings soaring 20% to give households a property war chest, what is going to stop the Australian housing juggernaut?

Related: Pandemic, recession, closed borders: can anything stop the Australian housing juggernaut?

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