Stocks fall after Trump tweets he'll delay stimulus talks; move follows Fed's Powell urging Congress to approve a robust plan

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks slumped Tuesday after President Trump said he'll halt stimulus negotiations until after the election, hours after the Federal Reserve Chair Jerome Powell said that providing too little relief would weaken the recovery from the coronavirus recession.

hours after Federal Reserve Chair Jerome Powell urged Congress to pass a robust package, saying that providing too little relief would weaken the recovery from the coronavirus recession.

“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,” Trump tweeted. “I think it was pretty unrealistic to expect a compromise prior to the election,” Zaccarelli says. He believes both Democrats and Republicans are more likely to become entrenched in their positions to appeal to their base voters.

The Democratic-controlled House recently passed a $2.2 trillion measure while Republicans have said they favor a roughly $1 trillion package, though. The two sides are deadlocked over the amount of bonus unemployment benefits and the size of aid to state and local governments. Meanwhile, he said, there’s little downside to passing a relief package that some may view as excessive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I think Trump knows he’s going to lose so he wants to destroy everything in his way out!

Chuck and Nancy only want to give their Pork Bill

Blame it on Nancy.Period

He is manipulating the markets.

This is on purpose . A stingy stimulus caused long recovery under Obama . They are tanking it on purpose . Dems clean up and republics destroy it . Trumps economy was never that good because it was uneven and inequality grew. Nothing to show for the last 4 yrs

Stocks will rebound, and the Dems have themselves to blame for stimulus problem. It was on the table and they walked away.

Oh, the nanotraders will make it all back in the morning.

TrumpCrashesTheMarkets

Governing by tweet on roids. What could go wrong?

Democrats hold the purse! Why won’t they go down from their trillions proposal n focus on necessary like direct payment, unemployment, schools, hospitals n election! This won’t add up to trillions! They think they look good? unemployment rate is better, they should compromise!

TrumpsterFire

Another incredibly stupid move by Trump. Once the Democrats assume control of the Executive branch and have a majority in the Senate, relief bills, and several other types of bills, solely designed to help the American public, will flow out of the White House like a river.

Trump has reversed his stand on stimulus. After the stock market fell, he tweeted that he would sign a bill giving $1,200 to every person.

As expected, this Corona virus aid bill is so important and it’s really shameful and sad on how our Congress behaved, Both can come to a middle price and release it but it’s just blame game and a lot of political games BS!

TrumpCrash

Joe and Kamala are bringing hope to USA! Vote! Due to the late slow disastrous approach to pandemia by Trump, USA is a huge graveyard with more than 210000 coronavirus patient’s deaths. Trump destroyed the economy and cannot respond to racial crisis properly! Vote !

I dont even think its Maga ppl anymore. I think ppl with any sense at this point, would be able to see Joe has had a long time in office and didn't do much. How can a person with 3.5 yrs in the office be that threatening? I feel more threatened by the ppl thats been there for 30+

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks drop after President Trump calls off stimulus talksStocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The series of tweets from the jayfonsecapr Mira esto. Salio del hospita y cancelo el movimiento de las negociaciones de los cheques de estimulo. PERO Y QUE ES Hay miles de millones que les hacen falta este dinero Trump is going to get Amy Coney Barrett on the Supreme Court first! That will be 3 in 4 years! How many did Obama get on the Supreme Court during his 8 years? Hahaha idiot
Source: YahooNews - 🏆 380. / 59 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 »

Stocks Dive After President Trump Shatters Stimulus HopeA set of mid-afternoon tweets from President Donald Trump sent stocks tumbling after an otherwise calm day for markets. VoteTrump How we he do now with his more failing economy? 💐
Source: Forbes - 🏆 394. / 53 Read more »

Jim Cramer reveals a list of stocks worth buying after Trump shut down stimulus talks'Without [a stimulus package], numbers will have to come down for a whole host of companies, but not technology,' the 'Mad Money' host said. Lemme guess VXX? The only thing I would buy is gold
Source: CNBC - 🏆 12. / 72 Read more »

Stocks edge up as Trump leaves hospital, stimulus in focusStocks are drifting between small gains and losses in early trading on Wall Street a day after a broad rally. The S&P 500 was little changed shortly after the opening bell, while weakness in technology stocks pulled the Nasdaq slightly lower. TrumpIsANationalDisgrace Time to invest in NY Manhattan apartments that fell over 46%. . Elderly man, His face a fake tan, Shouts, 'CO-VID'S A LIE!' (As thousands more die.)
Source: AP - 🏆 728. / 51 Read more »

Stocks tumble 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. Trump 🇺🇸 VS Soros 👿 The Kennedys Democrat Party RIP George Soros own the party now StimulusHostage
Source: CNN - 🏆 4. / 95 Read more »