Fed’s ‘Tool Box’ is Open if Need Be

Fed’s ‘Tool Box’ is Open if Need Be

#Fed #C19coronavirus #tools #asset #economy #aid #relief #stimulus #data #market #support #liquidity #lockdowns #consumers #uncertainty Fed Vice Chairman Richard Clarida said officials would turn to additional forward guidance and asset purchases if the economy needs more aid. “We have a lot of accommodation in place. There is more that we can do. There is more […]

The Next Aid/Relief/Stimulus Legislation to Include Long-Term Economic Fixes

The Next Aid/Relief/Stimulus Legislation to Include Long-Term Economic Fixes

The next C-19 coronavirus chaos aid/relief/stimulus bill should include long-term measures to help fix the the great American economy. “We need to move from rescue assistance to more long-term economic growth incentives,” Larry Kudlow said in a TV interview Friday. He said the next stimulus package should feature measures that pay Americans more to “work, […]

US Senate Reconvenes on 4 May, Leader McConnell Foresees Further Aid for States, Cities

US Senate Reconvenes on 4 May, Leader McConnell Foresees Further Aid for States, Cities

US Senate Republican leader Mitch McConnell (KY) Monday predicted that Congress would approve further funding for states and cities whose budgets have been hit hard by the coronavirus chaos. “There probably will be another state and local funding bill but we need to make sure that we achieve something that will go beyond simply sending […]

Speaker Pelosi Actually Believes Her Democrat Constituents Do Not Mind Her Inflicting Pain on Them…

Speaker Pelosi Actually Believes Her Democrat Constituents Do Not Mind Her Inflicting Pain on Them…

Friday, US House Speaker Nancy Pelosi (D-CA) insisted that Congress’ next economic package provide billions for financially reeling state and local governments, signaling a coming dust-up as Representatives and Senators continuing their response to the coronavirus chaos. “There will not be a bill without state and local aid“, Speaker Pelosi told reporters. Suggesting that she […]

Moderate Congressional Democrats Want Quick Deal on Small-business Coronavirus Aid

Moderate Congressional Democrats Want Quick Deal on Small-business Coronavirus Aid

Friday, 15 moderate Democrats, the Key to their party’s control of the US House of Representatives urge Speaker Nancy Pelosi (D-CA) to move quickly to replenish a fund to help small businesses hurt by the coronavirus pandemic, with “No Excuses” saying other party priorities can wait. Both Democrats and Republicans did not end the stalemate […]

President Trump Vs Some Governors, the President Wins!

President Trump Vs Some Governors, the President Wins!

President Trump has declared his latest “Me Vs Them” war portraying himself as the Commander in Chief overseeing a hand full of insurgent Democrat governors. In the United States there may be a dust-up emerging between President Trump and some state governors from the East and the West coasts, who Monday banded together in 2 […]

Secretary Mnuchin Assembled 100 Business Leaders for Special Reopening Task Force

Secretary Mnuchin Assembled 100 Business Leaders for Special Reopening Task Force

$DIA $SPY $QQQ $RUTX $VXX Monday, Treasury Secretary Mnuchin said he and his team have selected 100 business leaders to join a Special Task Force dedicated to re-opening the economy after the coronavirus crisis passes. The task force will work with medical advisers to develop a timeline for re-opening the economy, with 1 May as a […]

US Stocks Up, Crude Oil Down

US Stocks Up, Crude Oil Down

$DIA $SPY $QQQ $RUTX $OIL $USO $VXX DJIA Jumps 700 as Crude Oil Falls Below $20 to 18-Yr Lows US stocks rose Monday as investors look for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus. The S&P healthcare sector jumped 4.67% on the […]

MPA says President Trump’s Virus Aid Package Provides “Critical Relief”

MPA says President Trump’s Virus Aid Package Provides “Critical Relief”

The $2.2-T package is a much-needed lifeline for the shuttered movie business. As movie theaters across the United States remain dark, movie productions stay shuttered and thousands find themselves out of work for the near future, the Motion Picture Association (MPA) welcomed the passage of federal aid Friday, hoping to bring urgently needed relief to […]

President Trump’s Fed has Brought the Global Financial System Back from the Edge

President Trump’s Fed has Brought the Global Financial System Back from the Edge

$ICE $USD $BAC $WFC This week Fed Chairman Powell set out to offer a explanation for the complicated steps he is taking to relieve dire stresses in the global financial system. “Many places in the capital markets, which support borrowing by households and businesses. I am talking about mortgages and car loans and things like […]

Everything You Need to Know About the Virus Aid Money: Q&As

Everything You Need to Know About the Virus Aid Money: Q&As

As the coronavirus crisis spreads in the US, millions of Americans are about to receive aid from Congress in the form of direct cash payments. Friday, President Trump signed into law a $2-T emergency economic package that includes direct cash payments and unemployment benefits, among other provisions, for Americans. Here are some Q&As about who qualifies for cash from the […]

Here is What is in the $2.2-T Coronavirus Aid/Stimulus Package

Here is What is in the $2.2-T  Coronavirus Aid/Stimulus Package

Friday, the House of Representatives approved a $2.2-T aid/stimulus bill to alleviate economic devastation of the coronavirus pandemic and sent it to President Trump to sign into law, he signed it, it is now the law. Below are Key elements of the bill and the cost estimates provided by the Committee for a Responsible Federal […]

DJIA Marks Best Weekly Gainer Since 1938

DJIA Marks Best Weekly Gainer Since 1938

$DIA $SPY $QQQ $RUTX $VXX Friday, investors took some profits after the American Aid bill was passed and sent to President Trump for signing. By the end of the session, the DJIA was off 4.1%, S&P 500 and NAS 3.8 shed 3.4% and 3.8% respectively. The strong gains made on the week drove the DJIA […]

President Trump has Signed the American Aid/Stimulus Bill

President Trump has Signed the American Aid/Stimulus Bill

Friday afternoon, President Trump signed the $2.2-T American Aid/Stimulus bill, after swift and near-unanimous action by Congress this week to support businesses, rush resources to overburdened healthcare providers and help struggling families during this coronavirus epidemic. President Trump moved quickly to halt an economic free fall caused by behavioral restrictions meant to slow the spread […]

US Virus Aid Bill is Wartime Funding

US Virus Aid Bill is Wartime Funding

$DIA $SPY $QQQ $RUTX $VXX Stocks rose for 2nd day running with stimulus in sight. Wall Street trimmed strong gains late in the session after reports raised doubts about how quickly the bill might pass, but the S&P 500 and DJIA still ended up more than 1% and 2%, respectively Wednesday, Senator Shelley Moore Capito […]

Massive Wartime Investment in Nation Approved in Senate, House to Follow

Massive Wartime Investment in Nation Approved in Senate, House to Follow

The Senate will vote on the $2-T package later Wednesday and the House of Representatives is expected to follow suit soon after. “This is a wartime level of investment into our nation,” Republican Senate Majority Leader Mitch McConnell said in a speech announcing the pact after days of negotiations between Republican and Democratic lawmakers, Treasury […]

The Democrats Tack On ‘Pork’ to the American Aid Bill, Disgraceful

The Democrats Tack On ‘Pork’ to the American Aid Bill, Disgraceful

Congressional Democrats are holding the American Aid bill “hostage” to “implement socialist policies” as citizens and businesses struggle with fallout from the coronavirus pandemic. The 11 Democratic demands include the following: $300-M in funding for public broadcasting; Expansive new tax credits for solar and wind energy; New emissions standards for airlines and a requirement for full […]

McConnell’s Family and Business Aid Legislation Taking Shape, No Democrat ‘Pork’ Tack Ons Allowed

McConnell’s Family and Business Aid Legislation Taking Shape, No Democrat ‘Pork’ Tack Ons Allowed

Thursday, Senate Majority Leader Mitch McConnell released a huge stimulus plan to prop up consumers, companies and local governments bending under the economic consequences of the world-wide coronavirus pandemic. A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased out for taxpayers with incomes exceeding […]

Republican Lawmakers Put American Families 1st, Aid is on the Way

Republican Lawmakers Put American Families 1st, Aid is on the Way

The Senate voted to approve a 2nd coronavirus aid bill Wednesday, paving the way for lawmakers to turn their attention to a 3rd proposal that could include direct payments to Americans. The legislation, dubbed the Families First Coronavirus Response Act, passed in a 90-8 vote in the Senate, and President Trump signed it into law Wednesday evening. The bill […]

Cash Payouts to American Farmers in Time for Thanksgiving

Cash Payouts to American Farmers in Time for Thanksgiving

Sunday, President Trump welcomed a “cash” payout to American farmers before the Thanksgiving Day holiday that he attributed to China tariffs. “Our great Farmers will receive another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving,” he wrote on Twitter. “The smaller farms and farmers will be big beneficiaries. In the meantime, and […]

President Trump Cuts Aid to 3 Central American Countries, Closing the Border to Immigration and Trade

President Trump Cuts Aid to 3 Central American Countries, Closing the Border to Immigration and Trade

FLASH: President Trump Tweeted Friday morning, “If Mexico doesn’t immediately stop ALL illegal immigration coming into the United States through our Southern Border, I will be CLOSING the Border, or large sections of the Border, next week.” Taking a powerful action against illegal immigration and threatening another, President Trump has moved to cut US aid […]

‘Tyrant’ Maduro’s Days in Venezuela ‘Are Numbered’

‘Tyrant’ Maduro’s Days in Venezuela ‘Are Numbered’

FLASH: Interim President Juan Guaido refrained from asking supporters to continue risking their lives trying to break through the government’s barricades at the Colombian and Brazilian borders. He will meet US VP Mike Pence Monday in Bogota at an emergency meeting of mostly conservative Latin American governments to discuss Venezuela’s crisis.  President Guaido says he […]

President Trump: “Back Maduro Risk Losing Everything”

President Trump: “Back Maduro Risk Losing Everything”

Monday, President Trump signaled that socialism is on its way out and a “new day” is being ushered in for Venezuela and other Latin American countries. President Trump and First Lady Melania Trump addressed Venezuelans at Florida International University in Miami and discussed the growing crisis in the South American country. “We are here to proclaim a […]

A Marijuana Marketers are Offering Furloughed Federal Employees Free ‘Dope’ During Shutdown

A Marijuana Marketers are Offering Furloughed Federal Employees Free ‘Dope’ During Shutdown

Now, not only are the non-essentials (NE) non-essential they can be stoned doing nothing! The furloughed NE federal workers who cannot pay for medical marijuana during the government shutdown can get it for free from America’s pot dealers. BudTrader a massive marijuana-trading marketplace that allows users to buy and sell grow supplies, cannabis, and paraphernalia, declared […]

President Trump: “Migrant Caravans a National Emergency”

President Trump: “Migrant Caravans a National Emergency”

President Trump: “Migrant Caravans a National Emergency” US President Donald Trump Monday, declaring a massive caravan of immigrants heading to the US border as a national emergency, said the US will cut off or reduce the “massive foreign aid” given to Guatemala, Honduras and El Salvador after they did not stop the migrants’ trip north. “I […]

Trump Administration May Soon Demand That Israel Give Back Key Military Aid

Trump Administration May Soon Demand That Israel Give Back Key Military Aid

Trump Administration May Soon Demand That Israel Give Back Key Military Aid The US State Department wants President Trump to demand money back, sparking fight in Congress The Trump Administration is considering forcing Israel to hand back some $75-M in US military aid awarded by Congress following a contested effort by The Obama Admin to financially […]