Stock market plummets as Trump ends stimulus talks

  • 📰 newscomauHQ
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 77%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The stock market plummeted today and Donald Trump’s own advisers were baffled after he suddenly quit critical coronavirus negotiations.

October 3, 2020In a series of tweets, Mr Trump accused Ms Pelosi of “not negotiating in good faith” and announced that he had instructed Mr Mnuchin to cease negotiations until after the election on November 3.

“I have asked Senate Majority Leader Mitch McConnell not to delay, but to instead focus full-time on approving“Our Economy is doing very well. The Stock Market is at record levels, JOBS and unemployment also coming back in record numbers. We are leading the World in Economic Recovery, and THE BEST IS YET TO COME!”America’s unemployment rate currently stands at 7.9 per cent, which is significantly better than the 14.7 per cent it reached at the height of the crisis.

In her official statement to the public, the Speaker was certainly scathing, but made no mention of Mr Trump’s illness. “Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Mr Powell said.

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:

 /  🏆 9. in ZA
 

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

Yeah baffling.... got nothing to do with the msm or nancy pelosi at all....

Maybe the market is adjusting because Biden looks like he will win. What is going to do if Trump loses? Who will the mock and who will they blame?

Not as baffled as you lot.

At the end of the day the people that need money the most are collateral damage....but everybody keep blaming each other cause that will keep food on the table.

Dems want pork. Drop the pork and stimulus passes. It really is that simple. Not baffling at all.

Democrats derail the package knowing MSM will blame Trump

Clearly biased reporting = INSTABLOCK

He backed out because Pelosi included some outrageous demands that have nothing to do with Covid 🤦‍♂️

'Plummet' is the media's euphemism for a 1.3% drop. Such daily movements up and down have been a feature of the hysteria of 2020 and not in any way out of the ordinary.

It is Pelosi's fault. Democrats wont negotiate and want all sorts of crazy extra's in the package.

No no they are not critical. Pelosi want MONEY BUT NOT FOR THE PEOPLE.

South Africa South Africa Latest News, South Africa South Africa Headlines