Thread: Market News

Dang- S&P futures tumbling just now- down almost 2% on news that Trump caught the Covid.

It’s gonna be an ugly day.

• Nonfarm payrolls rose by 661,000 in September, lower than the 800,000 Dow Jones estimate.
• The unemployment rate was 7.9%, better than the 8.2% estimate.
• This is the final jobs report before the November election.

Trump calls off stimulus negotiations until after the election.

Originally Posted by weatherweenie

Trump calls off stimulus negotiations until after the election.

I don't have a problem with that. I think we'll see soon enough that Q2 2020 was the bottom of the "recession" (even though we're probably still in a depression).

Struggling families and businesses certainly have a problem with that.

Originally Posted by Bullitt

I don't have a problem with that. I think we'll see soon enough that Q2 2020 was the bottom of the "recession" (even though we're probably still in a depression).

This dropped right after the close too.

https://www.cnbc.com/2020/10/06/hous...oly-power.html

Originally Posted by weatherweenie

Struggling families and businesses certainly have a problem with that.

Trump is just making another DEAL.

Leaving the struggling people and businesses twisting in the wind. Bravo!

Originally Posted by nnuut

Trump is just making another DEAL.

Originally Posted by nnuut

Trump is just making another DEAL.

Yep. The art of the deal.

There's a right way and wrong way to stimulate the economy and that recent proposal was not the right way. The first thing to do is up open it up, even if we need to wear masks, then see where we're at with GDP numbers.

Struggling? So tired of hearing that one too. I got a postcard in the mail last week from Amazon looking for delivery and warehouse workers. Here you have the most successful company in the history of Earth and they are understaffed and looking for bodies.

And not for nothing, I've been hearing about "how bad the economy is" since around 2008. It hasn't let up and doesn't matter who's in charge.

AMZN, GOOGL, FB, AAPL: They'll be in the crosshairs in the next four years no matter who gets elected in November.

Fed Chairman Jerome Powell, a Trump appointee and one of the nation’s top economic officials, said just hours before the president’s tweets that the U.S. economic outlook could deteriorate again if Congress couldn’t reach a deal to release more relief.

Failing to reach a deal could “lead to a weak recovery, creating unnecessary hardship for households and businesses” and thwart a rebound that thus far has progressed more quickly than expected.


“By contrast, the risks of overdoing it seem, for now, to be smaller,” Powell added in remarks to the National Association for Business Economics. “Even if policy actions ultimately prove to be greater than needed, they will not go to waste. The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”

Originally Posted by nnuut

Trump is just making another DEAL.

Originally Posted by weatherweenie

Fed Chairman Jerome Powell: Failing to reach a deal could “lead to a weak recovery, creating unnecessary hardship for households and businesses” and thwart a rebound that thus far has progressed more quickly than expected.

Trump tweet tonight...

If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?

https://twitter.com/realDonaldTrump/...64886648582144