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Thread: Market News

  1. #2257

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    Default Re: Market News

    Quote Originally Posted by weatherweenie View Post
    Might want to keep this in the back of our minds: Biden tells donors: I’m going to get rid of most of Trump’s tax cuts ‘and a lot of you may not like that’

    https://www.cnbc.com/2020/06/29/bide...-tax-cuts.html
    Is Biden sucking up to the BIG Donors? NOT!



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  3. #2258

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    Default Re: Market News

    Taxes will have to be raised if not by the next President then the one after him. How do we start paying of the $20T(plus) National Debt or improve education, infrastructure and health care? What about all the money the government is throwing out to keep businesses (rich folks) afloat during this pandemic? There's reality and then there is reality. If not on the national level then on the local level. We don't like it but it's got to happen.
    May the force be with us.

  4.  
  5. #2259

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    Default Re: Market News

    Private payrolls up 2.37 million in June; May revised up to 3.065 million gain from 2.76 million loss, ADP says

    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.


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  7. #2260

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    Default Re: Market News

    Moderna says its coronavirus vaccine trial produced ‘robust’ immune response in all patients

    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.

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  9. #2261

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    Default Re: Market News

    I hope so because I'm ready for some Carnival Cruise stock to sail into the northeast area of a chart.
    Scott Harrison
    Senatobia, MS

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  11. #2262

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    Default Re: Market News

    Fed’s Esther George sees risks building of double-dip recession


    https://www.cnbc.com/2020/08/26/feds-esther-george-sees-risks-building-of-double-dip-recession.html
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.

  12.  
  13. #2263

    Default Re: Market News

    Dow rises 250 points as Mnuchin says lawmakers will give stimulus a ‘serious try’

    Treasury Secretary Steven Mnuchin struck an optimistic tone about reaching a coronavirus aid deal on Wednesday after the stalemate in Washington dragged on for weeks.
    https://www.cnbc.com/2020/09/29/stoc...lose-news.html



    Airlines are hours away from cutting more than 30,000 jobs without billions more in federal aid

    https://www.cnbc.com/2020/09/30/fede...-job-cuts.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  15. #2264

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    Default Re: Market News

    Quote Originally Posted by tsptalk View Post
    Dow rises 250 points as Mnuchin says lawmakers will give stimulus a ‘serious try’



    https://www.cnbc.com/2020/09/29/stoc...lose-news.html



    Airlines are hours away from cutting more than 30,000 jobs without billions more in federal aid

    https://www.cnbc.com/2020/09/30/fede...-job-cuts.html
    I don't understand why airlines need to be bailed out. They make millions in profit charging for food, drinks, seat location (or just seats in general) and luggage fees. The Government should make it a no interest loan instead of a bail out.
    May the force be with us.

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  17. #2265

    Default Re: Market News

    The airlines got crushed in the 2nd and 3rd quarter this year - big losses. I agree with the loans, but if the price is tens (or hundreds) of thousands of layoffs, or potential bankruptcies (don't have to pay loans back), then the gov't is in a tough spot.

    If only the strong survive because of the virus, then less competition, monopoly, higher costs to flyers, etc.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  19. #2266

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    Default Re: Market News

    Can the world really afford to have airlines disappear? There will be a day when we'll look back and say what were we thinking.... And we're getting closer to that point every day.

    I think the term bailout angers people because 2008 is fresh in many of our minds. Banks were all on the wrong side of massive bets and then got a re-do despite the world bearing the brunt of the impact.

    Airlines were a mess before the panics and shutdowns happened no doubt, but they didn't cause this to happen like banks did in 2008. I'll also add that airlines need to get it together. The missed connections, lost luggage, pile-ups of people trying to be first on the plane to cram the overhead compartments - it all needs to stop.

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  21. #2267

    Default Re: Market News

    The S&P 500 futures dropped another 12 points just after the closing bell.

    Stocks cut gains in the final hour after Mnuchin-Pelosi meeting doesn’t result in deal yet

    https://www.cnbc.com/2020/09/29/stoc...lose-news.html

    Quote Originally Posted by tsptalk View Post
    Dow rises 250 points as Mnuchin says lawmakers will give stimulus a ‘serious try’

    https://www.cnbc.com/2020/09/29/stoc...lose-news.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  22.  
  23. #2268

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    Default Re: Market News

    Hope Hicks, one of Trump's closest advisors, who has travelled with Trump in the past week, has tested positive for Covid-19.
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.


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