Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are rising on Wall Street Friday as talks appear to be continuing in the start-and-stop drive on Capitol Hill to deliver more aid to the ailing economy.
“The fact that Trump reversed course, I think, has given people optimism again,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. Investors have been clamoring for more federal aid since the expiration of extra benefits for laid-off workers and other stimulus for the economy that Congress approved earlier this year. Economists say the outlook is grim without such support, and the chair of the Federal Reserve has said repeatedly it will likely be necessary.Trump said that House Speaker Nancy Pelosi was negotiating in bad faith when he called off the talks Tuesday. But within a couple hours, he appeared to backtrack.
Pelosi and Mnuchin spoke on the phone for 30 minutes, but nothing concrete appeared to immediately emerge from the discussion.
What ever you do do not look in the warehouse. There are NO hard assets to cover these bets. Without hard assets there just shuffling monopoly money from one cup to another.
And here I am deciding which bills to pay and which ones to let slide till next month...
REPS need to move quickly to nominate Amy Coney Barrett to the Supreme Court. The DEMS are going to move to pack the courts, remove the filibuster and make DC and Puerto Rico a state as soon as their able. REPS need to have a Senate vote now to confirm! Do not wait! Move quickly!
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So how is the actual economy doing? The stock market is not the economy.
The rich get richer and the poor still cannot find work
Recapping the week in 15 seconds.
meh
The Fed has done a lot for financial assets. Can we start helping workers?
How about COVID in chief sends people their money instead of trying to bribe votes with it?
GRRRRRRRRRIIIIFFFFFFT
11 million of us still don't have jobs but hey. Super excited about your guys' money machine.
Just wait until Monday when realDonaldTrump changes his mind again and hangs them all out to dry! RoseGardenMassacre pinkeyepence TrumpIsNotWell
So much winning
political haox stocks
Why? There's absolutely no good news associated with this -- unless its the fact that Trump is losing.
Yeah but you all know they're gonna tank because trump will ruin this economy.
Trump and his crime family short the market. He calls talks off. Buys call options. Calls talks back on. Criming in plain sight.
They have finally figured out Biden will win.
Who f*cking cares?
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