Stocks rose today, after President Trump called for aid to airlines and other stimulus measures. The Dow climbed 1.91%, rallying more than 500 points for its best day since July. The S&P 500 advanced 1.74%. The Nasdaq jumped 1.88%.
." But "a small bill? A targeted bill? ... They were willing to compromise on the [continuing resolution] to keep the government open. Why not do it again?"FDA clearance for its coronavirus antibody drugThe major averages closed sharply lower on Tuesday after Trump tweeted the White House is halting talks with Democrats about a second coronavirus stimulus deal.
Bridgewater Associates' Ray Dalio told CNBC's "Street Signs Asia" on Wednesday morning Singapore time that the U.S. president's move is "certainly not a good thing" and will be a "significant negative" on the economy. "That's ... a lot of money, whatever it would've been," Dalio said, adding that there'll be "a lot of stress" for those who are not going to get the funds.
Meanwhile, Pershing Square Capital Management's Bill Ackman said in a tweet directed at Trump and House Speaker Nancy Pelosi: "Mr. President and Madam Speaker, in that you both agree on the first $1.6T of stimulus, why not immediately fund $1.6T of stimulus and leave the disputed $400B to the outcome of the election? That way, Americans in need can be helped now."for exclusive insights and analysis, and live business day programming from around the world.
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