New York/Hong Kong Markets in Asia and Europe staged a recovery Tuesday, and the Dow soared 800 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic.
The mood among investors was helped by news of President Donald Trump's plan to propose"significant relief" in the form of a payroll tax cut and help for hourly workers most affected by the coronavirus, or Covid-19, and expectations of more stimulus measures as the risks of a global recession rise.The Dow soared 3.3%. The S&P 500 rose 2.9% and the Nasdaq was up 2.7%.
Don’t be fooled people a payroll tax cut is only an advance on your tax return for those making less than 15k .. they giving you you own money in advance to influence the market .. no wonder his businesses failed VOTE PEOPLE THIS HAS TO STOP
He told the republican Senste, he wanted the payroll cut until the election. It’s about his re-election. Not about us.
No - they gained 1000 points because yesterday’s sell off was irrational and people saw an opportunity to buy undervalued assets.
Fluffed market, crash is still impending.
Its called a loan he will just add it to the national dept!
Mmmmmmmmmm Kyle's moneeeeeey. Again.
Hope the SEC is looking at TrumpCrimeFamily trading accounts.
And with tax cuts more numbers to show its to social security, Medicare and Medicaid. Payroll tax cuts wot make much difference.
Every major stock market in Asia and Europe is up today and I don't believe it has anything to do with Trumps payroll cut. Trump will take credit anyway because he lives for fake glory.
If President Trump had bought stocks just before the policy announcement, he would be a criminal of market manipulation.
And hidden deeply in that plan for payroll tax cuts is a HUGE corporate tax cut (again - pretty soon we will be paying corporations to stay in business).
Bullshit.
Just another trump hoax that will never happen
Starting to think Wall Street is fickle
It’s a scam. Don’t fall for it.
The Dow is probably the most cynical non human on earth.
It’s useless for people not working and are without sick pay!!!
Dear Dow futures, the White House has no plan. Joke’s on you!
For who? 7.50$ workers? Big deal
MSM why no one is asking realDonaldTrump Trump GOP how is he going to pay for it. Remember the bigly (invisible) tariff Taxes China is paying went to the Farmers.
Reminder: A payroll tax cut only helps those who will still get a paycheck.
Take a breath America. This will pass. No need to panic. The hysteria is media driven and democrat driven and it’s about getting power and taking down a president.
Market manipulation
Payroll tax cut that employees will have to pay at the end of the year. May help now, but everyone will have to pay Uncle Sam. Everyone but the big corporations that is.
The markets are idiotic.
Please help me! My name is Lin donglong, an employee of China telecom fuzhou branch. Company manager huang fei (communist party of China) organized the leadership of the gang of evil forces brutal persecution: surveillance location, insult,abuse, framed to take nude photos of me.
A) 90% of any stimulus they actually propose will go to big corporations and the wealthy (especially people like Trump) and B) Republicans will NOT ask how we will pay for it or care about its impact on the deficit.
Seems to me sombody is manipulating the stock market
Wow. The market is really gullible!
Wall st elated by more deficit increases.
i’m confused, so that means that my normal payroll tax deduction is going to be cut? or is it just for big companies?
He's only about the market not the people. Where are the incentives for test development.
Dead cat bounce
People in the know are making a lot of money on the stock market’s wild ups and downs.
All he is doing is manipulating the markets. Smh.
They just had the biggest tax cut handout ever. If they can't manage through a crisis because they didn't plan and just squandered cash on buybacks I say let them fail. It's called capitalism. Right? Let's stop with this constant subsidy bailout nonsense.
Media cannot resist the opportunity to slowly drag the public through a collective panic attack because it’s a lazy way to drive audience AND hysterically trash Trump all day long plus we are supposed to come away thinking confused, corrupt, inept Joe Biden will save us.
The DOW goes up but we still don’t have the help we need to combat the corona virus. All realDonaldTrump cares about is getting re-elected.
Traders are morons
Payroll tax cuts mean jack shit when people can’t work because they’re sick. There’s no tax cuts for hours not worked.
No it's just all of the rich people buying low, selling high
U really think the gain is due to this?
Just another example how ridiculous stock exchanges are. Nothing has changed between yesterday and today. Fundamentals are the essence of a company or an economy in general
The press conference was just for the stock market. The Trump admin cares about money, not the people. It’s been made perfectly clear.
Read German big industry Bank politican scandal search Better World Leo Klein biografy
winning we need 4MoreYears of realDonaldTrump
SP Futures points to up 125. I doubt this rally is sustainable. It might as well be 125 points up day followed by 125 points down day all because of corona virus.
Trump is probably infected with the COVID-19, and hasn't been tested. Just like a criminal spreading lies and illness now. Brilliant. He needs to be quarantined for good.
Can someone please explain how a payroll tax cut helps hourly workers who can’t go to work? You can’t cut taxes on a payroll of zero.
That’s how Trump rolls ..hand outs with money that is not his
Socialism for the rich. Can’t wait to see how that fucks over blue collar workers! 🖕🏼 BernieSanders2020
So this is a piggy market? 😀
TRUMP 2020!!!!
You mean his announcement of it. The devil lies in the details.
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