." But "a small bill? A targeted bill? ... They were willing to compromise on the [continuing resolution] to keep the government open. Why not do it again?"FDA clearance for its coronavirus antibody drugThe major averages closed sharply lower on Tuesday after Trump tweeted the White House is halting talks with Democrats about a second coronavirus stimulus deal.
Bridgewater Associates' Ray Dalio told CNBC's "Street Signs Asia" on Wednesday morning Singapore time that the U.S. president's move is "certainly not a good thing" and will be a "significant negative" on the economy. "That's ... a lot of money, whatever it would've been," Dalio said, adding that there'll be "a lot of stress" for those who are not going to get the funds.
Meanwhile, Pershing Square Capital Management's Bill Ackman said in a tweet directed at Trump and House Speaker Nancy Pelosi: "Mr. President and Madam Speaker, in that you both agree on the first $1.6T of stimulus, why not immediately fund $1.6T of stimulus and leave the disputed $400B to the outcome of the election? That way, Americans in need can be helped now."for exclusive insights and analysis, and live business day programming from around the world.
NASDAQ clearly turning bullish again in recent days. Could make another run for the all time highs. NASDAQ
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Stock market live updates: Dow drops 300, Trump says 'stop negotiating' stimulus“We just think that the franchises are so strong and so dominant globally that I think it’s really difficult for even regulatory rulings to slow these companies down in the long term,” Light Street Capital’s Glen Kacher says about Big Tech. SohnXSF2020 Peloton’s will be a very expensive clothing rack 6 months after a vaccine. America we’ve seen this movie before. I just left the Gym I ride there 🏋️♂️$❗ Get this trash out my feed
Source: CNBC - 🏆 12. / 72 Read more »
Dow swings 600 points after Trump rejects stimulus planStocks took a dive Tuesday afternoon after President Donald Trump said he ordered an end to stimulus negotiations until after the November election. Pelosi has been stalling for so long that Trump doesn't really have a choice! MadKingTrump POTUS says he will give a stimulus check after he WINS. I hear a threat to voters...just saying.
Source: cnnbrk - 🏆 393. / 55 Read more »
Stocks drop, Dow down over 300 points as Trump halts stimulus talksThe Dow Jones Industrial Average gave up a gain of more than 100 points to trade more than 300 points lower on the day after President Donald Trump tweeted... so is Trump just helping the stocks market or not? I am kind of confused here... Trump was in poor health, high risk by age, had severe symtoms including fever, avoided respirator, took all 3 major drugs for covid (cocktail), and was out in 48 hours. What the heck is rest of country doing? Easy. They know that if people don’t have money, they can’t help boost the economy.
Source: MarketWatch - 🏆 3. / 97 Read more »