New York/Hong Kong Markets in Asia and Europe staged a recovery Tuesday, and Dow futures gained as much as 1,000 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.
It’s not going to last.
Tonight's headline: 'Stock futures crater on continuing fears over the coronavirus.'
And when Trump breaks that promise, it’ll just drop twice as much.
People just don’t get it! death to FICA This won’t even make a dent on your weekly paychecks. But it will dindle your Social Security funds. 💁🏻♀️Payroll Tax Cuts Only, help the rich out! realDonaldTrump is putting the knife in our backs🤨 Time to vote 🗳 SenSanders JoeBiden
What is with all the alleged print and broadcast journalists doing Specifically, the fake journalists are giddy about pushing the panic-demic. I am sure such folks are ordered by bosses to do such. Is it to bring down POTUS TRUMP
remember the tea-party? It wasnt about deficits. It was about deficits being run by a black president.
Payroll tax cuts don’t work if you aren’t getting paid. We need a plan for those in hourly & service jobs that may need to stay home.
Why didn’t he do it earlier in the day? May have saved $$
Payroll tax cut will not do a thing to help the economy during a pandemic. In fact, all it will do is hurt revenue. Payroll taxes pay for medicare and social security. The GOP is salivating at the thought of destroying these programs.
Perhaps he shouldn’t have spent so much on that leaky wall? Who knows what is coming. He should’ve thought ahead.
That’s going to be great news for those who got out of it yesterday🤷♂️ those who are near retirement and moved their “409ks” to money market funds😡
A payroll tax cut is really looting the critical Social Safety Net funding which supports the economic vulnerable in the US
It’s truly a shame that releasing the child immigrants doesn’t raise the Dow...the orange one would release them in a heartbeat..
Sure let's pay off that ballooning debt and the promised industry bailouts by taking in less money. It's no wonder Trump went bankrupt so many times.
Chance of passing Congress 0.
You yanks don't know what a diamond you have in President trump,he really is the peoples President.
A payroll tax? With the infection you can't work what good is a payroll tax cut What Americans need I'd paid family leave if your infected. How about getting these test kits to States to test their citizens? How about funding for the costs associated with treatment?
I think the market doesn’t know its ass from its elbow, is swinging from pillar to post, and has no idea what it should be doing. It just throws shit at the wall each day to see what sticks. Different wall tomorrow.
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