That dire prospect tempered investors' enthusiasm about the Senate's unanimous passing of a bill that would provide loans to airlines and other struggling sectors, small businesses, state and local governments, healthcare providers, and households. Companies that accept bailouts would face a, limits on executive bonuses, and requirements for worker protections.
The House of Representatives is expected to vote on the legislation on Friday. If it passes, President Donald Trump could then sign it into law."This will be the first real measure of just how far and how fast the world's largest economy has contracted because of the coronavirus," Jasper Lawler, head of research at London Capital Group, said in a morning note.
"If we see a number above 2 million, markets will start clamoring for the next government or central bank bailout," he added. If the"crown jewel of contemporary US economic data" delivers a reading north of 1.5 million, that would"point to a labour market collapse eclipsing anything experienced in 2008-09," Michael Every, global strategist at RaboResearch, said in a research note. Here's the market roundup as of 10:32 a.m. in London :
Very serious condition.
Go get a real job.
You know these stock market felows there. They whine at the government when it gets involved in regulations and they clamor for his help when they are in trouble from gambling too much. Dickwads.