U.S. stock futures rebounded Wednesday from Tuesday’s slide after President Donald Trump tweeted support for stimulus measures and targeted aid to airlines.
Yesterday, Trump halted talks of a broad omnibus stimulus package with House Democrats.
…request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business. I have asked…
— Donald J. Trump (@realDonaldTrump) October 6, 2020
…also coming back in record numbers. We are leading the World in Economic Recovery, and THE BEST IS YET TO COME!
— Donald J. Trump (@realDonaldTrump) October 6, 2020
CNBC:
Dow futures gained 145 points, or 0.5%. This implied an opening gain of nearly 200 points. S&P 500 futures added 0.4% and Nasdaq 100 futures rose 0.35%.
President Trump urged Congress to approve airline payroll support, saying that money and aid for small business could be paid for with unused funds from the previous stimulus.
The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!
— Donald J. Trump (@realDonaldTrump) October 7, 2020
Trump also urged Congress in a tweet to approve $1,200 stimulus checks for Americans.
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? @MarkMeadows @senatemajldr @kevinomccarthy @SpeakerPelosi @SenSchumer
— Donald J. Trump (@realDonaldTrump) October 7, 2020
Scott Lehtonen for Investor’s Business Daily:
Dow Jones futures rallied more than 200 points early Wednesday, while S&P 500 futures and Nasdaq 100 futures were also higher, on new President Trump coronavirus stimulus tweets. Tech giant Apple announced a product event that will likely reveal a new iPhone next week.
Apple announced a new product launch event on Oct. 13, where it’s expected to reveal the next model of the iPhone. Apple titled next week’s event “Hi, Speed,” a likely reference to the high-speed capabilities of the 5G iPhones. The company did not specify what it plans to announce, but analysts widely expect the iPhone 12 series handsets to make their debut.
After the Dow’s bullish signal switched the market back into a confirmed uptrend, investors are cleared to start buying new breakout stocks. The best candidates are those that held up the best during the recent stock market weakness
MacDailyNews Take: $1,200 checks ahead of or amidst Christmas shopping season bode well for Apple as the company launches a slew of new products before the end of the year.
Anyone who’s confused by what’s happening here need only read The Art of the Deal:
President Trump is toying with vapid career politicians like Pelosi.
He wants Congress to pass a bill after he instructed his representatives to stop negotiating. The President is erratic at the best of times, but now it’s as if he was on steroids.
It is patently false that “he wants Congress to pass a bill after he instructed his representatives to stop negotiating.”
Which part of the following didn’t you understand?
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.
Seems fairly clear.
You DO know that he didn’t actually write that book, right? And the real author regrets his involvement. https://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all
President Trump has zero leverage with McConnell, he could offer 4 TRILLION and yank it like a yo-yo until the cows come home… ain’t NOTHING getting through the Senate in the next three weeks.
Well said Mr. President. We here in California could have used some of that Pelosi money. I mean even after taxing the population more than any other state, we’re left with a $54 billion dollar deficit actively looking for new taxes. (Look out Electric cars… they’ve got their eye one you!) Seems people can’t get out of California fast enough. We just got rid of the gig economy, couldn’t have people supporting themselves… nooooo… gotta put a stop to that. I feel sorry for all those states that are targets for the fleeing Californians. They’re taking their dumb ass leftist ideas with them, and they’re going to start voting you out of house and home as well.
200 MILLION UP AND 400 MILLION DOWN, II DUCE.
Trump is just trying to buy votes with taxpayer debt. How can anybody not see this for what it is?
He is not trying hard enough; Each person should get approx. $30,000 to make it comparable to a million in bailout that millionaires got and billionaire corporations got. So the $1,200 is paltry and a cheating of US sitizens.
Most erroneously think that that federal taxes pay for gov. expenses when they do not. Rather, the fed. gov. pays for its expenses, no matter what they are, by getting money from the Federal Reserve Bank. This is done via a ledger entry into the debit column at the Federal Reserve Bank. This is truth.
What’s more, the creation of such debt equals wealth to the person receiving that money. In other words, debt enriches folks. The more the gov. goes into debt, the more money people have, and the more money people have to spend. That’s why I favor giving folks, not the corporation, money. Folks can then spend it on corporate products and services. The better the products and services are, the more the corporation will sell. Because Apple’s products are super good and cool, Apple will sell a lot of them.
Trump is a cheapskate to normal folks whom he disrespects and who deserve about $30,000 each of free money, not a mere $1,200, to equal the millions+ in free money millionaires got.
Juste think how much more stocks would rebound with a $30,000 stimulus check! Wall St. would rejoice to no end!