US equities rose on Friday as investors held out hope for a stimulus agreement between the White House and Democrats ahead of their end-of-week deadline.
Odds for a pre-election spending deal are slim. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to hold talks on a measure less than two weeks before Election Day. Pelosi indicated Thursday that the two groups are "just about there" on reaching an agreement. The speaker previously said she aims to finalize a deal before this weekend.
Still, Senate Republicans are all but certain to ignore the bill on grounds that it costs too much. Democrats blocked Republicans' $500 billion skinny bill on Wednesday, leaving both sides at a stalemate for passing new relief.
Why? SpeakerPelosi is clearly not interested in helping people. She just wants to play her egotistical games. If Dems keep the house, it’s time for new leadership.
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Stocks close higher after Pelosi points to progress on coronavirus stimulus talks, banks lead gainStocks rose on Thursday as traders weighed House Speaker Nancy Pelosi's latest remarks on the U.S. fiscal stimulus negotiations. I'm an idiot. I pulled out of banks too soon. liveandlearn Who fucking cares? TRUMP2020ToSaveAmerica
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Stock market live updates: Stocks flat as stimulus talks eyed, Netflix falls 6%, Bitcoin rallies 7%This is CNBC's markets live blog that will be updated throughout the day. BUY Bitcoin Maybe netflix should stop catering to pedophiles. and then we see news like this :-) (I don't know, maybe it'll help the stock market rally somewhere? lookingforgoodnewsanywhere )
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Bet on cyclical stocks if Washington reaches a stimulus deal, says Fundstrat’s Tom Lee'The groups that will benefit from that stimulus are going to be economically sensitive, so I think you really want to be cyclically tilted if we do get stimulus,' Fundstrat's Tom Lee argued on CNBC. Pro What is cyclical? FED has destroyed the economic cycles. Pro No fucking duh
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