Stock markets rebound on Trump health, stimulus hope

Cornelia Mascio
Ottobre 29, 2020

The Democrats were seeking around $2.2 trillion (€1.9 trillion) in new spending against the administration's offer of $1.6 trillion. "I am rejecting their.", he said in another tweet.

Trump mentioned that he had rejected the request of Speaker of the House Nancy Pelosi, who had asked for an amount of Dollars 2.4 trillion to bailout Democratic states.

Pelosi accused Trump of "putting himself first at the expense of the country".

"Walking away from coronavirus talks demonstrates that President Trump is unwilling to crush the virus, as is required by the Heroes Act". Moore reportedly called Trump's move "heroic", suggesting that, while a stimulus bill would have yielded short-term benefits, Trump was "looking at the future" and saying, "I'm not going to bankrupt our country".

The strike will cut Norway's total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8 percent of total production, according to the Norwegian Oil and Gas Association (NOG).

"Clearly, the White House is in complete disarray", she said, calling on Trump officials to heed Powell's advice.

Federal Reserve Chair Jerome Powell earlier Tuesday warned a failure by the U.S. to provide further relief "would lead to a weak recovery, creating unnecessary hardship for households and businesses".

Trump also told Senate Majority Leader Mitch McConnell to "focus full time" on moving forward with the confirmation process to put Judge Amy Coney Barrett on the Supreme Court to replace Ruth Bader Ginsburg.

"Even some of Trump's top advisers have said the economy is not doing very well and that more assistance is needed".

As well as Trump's health, "there is also some market attention on whether the US Congress will pass the extra stimulus bill", said Tai Hui, Chief Asia Market Strategist, J.P. Morgan Asset Management.

The Dow Jones Industrial Average rose 142.61 points, or 0.52 per cent, at the open to 27,825.42. "We are leading the World in Economic Recovery, and THE BEST IS YET TO COME!", he added.

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