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Stocks drop after President Trump calls off coronavirus stimulus talks

Stocks drop after President Trump calls off coronavirus stimulus talks
Hey, guys wanted to jump on with you, Tell you about some breaking news. As you know, the stimulus bill negotiations have been going on to get you a second stimulus check to get more money for small businesses. President Trump just tweeted that he is cutting off those negotiations. So that means you're not gonna be getting any new money. Come on. This way. I'm about to get situated to talk to all of our stations across the country about this. But I want to quote you. I have the president's tweet right here, he said. I have instructed my representatives to stop negotiating until after the election when his words immediately after I win, we will pass a major stimulus bill. This means no money for the airlines who are laying off tens of thousands of people. No additional stimulus check before the election. For millions of you and no help for small businesses, either reaction is pouring in, But again, President Trump cutting off negotiations, telling Mitch McConnell in this tweet and the Senate GOP that he wants him to focus not on the stimulus bill, not on stimulus relief but on confirming Amy Coney Barrett to the Supreme Court. We will keep you posted
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Stocks drop after President Trump calls off coronavirus stimulus talks
Stocks dropped on Wall Street Tuesday after President Donald Trump ordered aides to stop negotiating with Democrats over another round of aid for the economy until after the election, though he later that evening tweeted he would be open to another round of $1,200 checks if a stand alone bill was sent to him. Investors have been clamoring for more stimulus after the economy was punched into a recession by coronavirus shutdowns. The S&P 500 index closed 1.4% lower, after being up as much as 0.7%. The series of tweets from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support 바카라 게임 웹사이트would lead to a weak recovery, creating unnecessary hardship.바카라 게임 웹사이트 In a series of tweets about the negotiations between the White House and Speaker Nancy Pelosi, Trump said: 바카라 게임 웹사이트I 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.바카라 게임 웹사이트 He also accused Pelosi of not negotiating in good faith.The comments from the president came just hours after Powell urged Congress to come through with more aid, saying that too little support 바카라 게임 웹사이트would lead to a weak recovery, creating unnecessary hardship for households and businesses.바카라 게임 웹사이트Former Vice President Joe Biden slammed Trump's move.바카라 게임 웹사이트Make no mistake: if you are out of work, if your business is closed, if your child바카라 게임 웹사이트s school is shut down, if you are seeing layoffs in your community, Donald Trump decided today that none of that 바카라 게임 웹사이트 none of it 바카라 게임 웹사이트 matters to him," Biden said in a statement released by his campaign.Hours later, Trump appeared to edge back a bit from his call to end negotiations. He took to Twitter again and called on Congress to send him a 바카라 게임 웹사이트Stand Alone Bill for Stimulus Checks ($1,200)" 바카라 게임 웹사이트 a reference to a pre-election batch of direct payments to most Americans that had been a central piece of negotiations between Pelosi and the White House. Pelosi has generally rejected taking a piecemeal approach to COVID relief.바카라 게임 웹사이트I am ready to sign right now. Are you listening Nancy?" Trump said in a flurry of tweets Tuesday evening. He also called on Congress to immediately approve $25 billion for airlines and $135 billion the Paycheck Protection Program to help small businesses.Trump바카라 게임 웹사이트s announcement dashes Wall Street바카라 게임 웹사이트s hopes that another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic, could soon be on the way. Bitter partisanship on Capitol Hill has been preventing a compromise on more aid. Reports on the economy have been mixed recently, as some areas show a slowdown after extra unemployment benefits and other stimulus earlier approved by Congress expired.Optimism that Democrats and Republicans would reach a deal on more stimulus ahead of the Nov. 3 elections helped lift the stock market recently. Now, investors face the prospect that more aid may not come until next year, after the new Congress is seated, said Willie Delwiche, investment strategist at Baird.바카라 게임 웹사이트This isn바카라 게임 웹사이트t just pushing it off until after the election, this realistically is pushing it off until spring,바카라 게임 웹사이트 Delwiche said. "I don't think this is just a one-day financial markets reaction. This really goes to the health of the recovery.바카라 게임 웹사이트 The market바카라 게임 웹사이트s slide comes a day after the S&P 500 posted its best day in more than three weeks. Other stock markets around the world made mostly modest gains. Longer-term Treasury yields veered lower after Trump's remarks. They had earlier been hanging close to their highest levels in months.The selling was widespread, led by technology stocks and companies that rely on consumer spending. Utilities were the only gainers among the 11 sectors in the S&P 500.A report on Tuesday showed that U.S. employers advertised slightly fewer job openings in August than the prior month. But the number was nevertheless better than economists expected.Trading on Wall Street has gotten even shakier recently as investors contend with a long list of uncertainties, from Trump바카라 게임 웹사이트s COVID-19 diagnosis to waxing and waning expectations about Congress바카라 게임 웹사이트 ability to deliver another round of stimulus for the economy.Video: Trump returns to White House after stay at Walter ReedThe S&P 500 jumped 1.8% on Monday after Trump said he바카라 게임 웹사이트s returning to the White House to complete his recovery from the coronavirus, though his medical team said he바카라 게임 웹사이트s not yet fully 바카라 게임 웹사이트out of the woods.바카라 게임 웹사이트Powell has repeatedly urged Congress to provide additional aid, saying the Fed can't prop up the economy by itself, even with interest rates at record lows. 바카라 게임 웹사이트The expansion is still far from complete,바카라 게임 웹사이트 Powell said in a speech to the National Association for Business Economics, group of corporate and academic economists.Several big challenges lie ahead of markets. Chief among them is the still-raging pandemic, as so clearly illustrated by Trump바카라 게임 웹사이트s stay in the hospital. The worry is that a ramp-up in infections could cause governments to bring back some of the restrictions they put on businesses early this year, which sent the economy hurtling into a recession.바카라 게임 웹사이트We바카라 게임 웹사이트re on the eve of earnings season and people are reasonably undecided as to whether the correction that started in September has further to run,바카라 게임 웹사이트 said Julian Emanuel, BTIG chief equity and derivatives strategist.The upcoming election also still means a host of uncertainty about tax rates and regulations on businesses, while tensions between the United States and China continue to simmer.The yield on the 10-year Treasury note fell to 0.75% from 0.78% late Monday. While that바카라 게임 웹사이트s still very low, the yield has been generally climbing since dropping close to 0.50% in early August.European and Asian markets closed broadly higher.___AP Business Writer Elaine Kurtenbach contributed.

Stocks dropped on Wall Street Tuesday after President Donald Trump ordered aides to stop negotiating with Democrats over another round of aid for the economy until after the election, though he later that evening tweeted he would be open to another round of $1,200 checks if a stand alone bill was sent to him.

Investors have been clamoring for more stimulus after the economy was punched into a recession by coronavirus shutdowns. The S&P 500 index closed 1.4% lower, after being up as much as 0.7%.

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The series of tweets from the president came just hours after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support 바카라 게임 웹사이트would lead to a weak recovery, creating unnecessary hardship.바카라 게임 웹사이트

In a series of tweets about the negotiations between the White House and Speaker Nancy Pelosi, Trump said: 바카라 게임 웹사이트I 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.바카라 게임 웹사이트 He also accused Pelosi of not negotiating in good faith.

The comments from the president came just hours after Powell urged Congress to come through with more aid, saying that too little support 바카라 게임 웹사이트would lead to a weak recovery, creating unnecessary hardship for households and businesses.바카라 게임 웹사이트

Former Vice President Joe Biden slammed Trump's move.

바카라 게임 웹사이트Make no mistake: if you are out of work, if your business is closed, if your child바카라 게임 웹사이트s school is shut down, if you are seeing layoffs in your community, Donald Trump decided today that none of that 바카라 게임 웹사이트 none of it 바카라 게임 웹사이트 matters to him," Biden said in a statement released by his campaign.

Hours later, Trump appeared to edge back a bit from his call to end negotiations. He took to Twitter again and called on Congress to send him a 바카라 게임 웹사이트Stand Alone Bill for Stimulus Checks ($1,200)" 바카라 게임 웹사이트 a reference to a pre-election batch of direct payments to most Americans that had been a central piece of negotiations between Pelosi and the White House. Pelosi has generally rejected taking a piecemeal approach to COVID relief.

바카라 게임 웹사이트I am ready to sign right now. Are you listening Nancy?" Trump said in a flurry of tweets Tuesday evening. He also called on Congress to immediately approve $25 billion for airlines and $135 billion the Paycheck Protection Program to help small businesses.

This content is imported from Twitter. You may be able to find the same content in another format, or you may be able to find more information, at their web site.

Trump바카라 게임 웹사이트s announcement dashes Wall Street바카라 게임 웹사이트s hopes that another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic, could soon be on the way. Bitter partisanship on Capitol Hill has been preventing a compromise on more aid. Reports on the economy have been mixed recently, as some areas show a slowdown after extra unemployment benefits and other stimulus earlier approved by Congress expired.

Optimism that Democrats and Republicans would reach a deal on more stimulus ahead of the Nov. 3 elections helped lift the stock market recently. Now, investors face the prospect that more aid may not come until next year, after the new Congress is seated, said Willie Delwiche, investment strategist at Baird.

바카라 게임 웹사이트This isn바카라 게임 웹사이트t just pushing it off until after the election, this realistically is pushing it off until spring,바카라 게임 웹사이트 Delwiche said. "I don't think this is just a one-day financial markets reaction. This really goes to the health of the recovery.바카라 게임 웹사이트

The market바카라 게임 웹사이트s slide comes a day after the S&P 500 posted its best day in more than three weeks. Other stock markets around the world made mostly modest gains. Longer-term Treasury yields veered lower after Trump's remarks. They had earlier been hanging close to their highest levels in months.

The selling was widespread, led by technology stocks and companies that rely on consumer spending. Utilities were the only gainers among the 11 sectors in the S&P 500.

A report on Tuesday showed that U.S. employers advertised slightly fewer job openings in August than the prior month. But the number was nevertheless better than economists expected.

Trading on Wall Street has gotten even shakier recently as investors contend with a long list of uncertainties, from Trump바카라 게임 웹사이트s COVID-19 diagnosis to waxing and waning expectations about Congress바카라 게임 웹사이트 ability to deliver another round of stimulus for the economy.

Video: Trump returns to White House after stay at Walter Reed

The S&P 500 jumped 1.8% on Monday after Trump said he바카라 게임 웹사이트s returning to the White House to complete his recovery from the coronavirus, though his medical team said he바카라 게임 웹사이트s not yet fully 바카라 게임 웹사이트out of the woods.바카라 게임 웹사이트

Powell has repeatedly urged Congress to provide additional aid, saying the Fed can't prop up the economy by itself, even with interest rates at record lows. 바카라 게임 웹사이트The expansion is still far from complete,바카라 게임 웹사이트 Powell said in a to the National Association for Business Economics, group of corporate and academic economists.

Several big challenges lie ahead of markets. Chief among them is the still-raging pandemic, as so clearly illustrated by Trump바카라 게임 웹사이트s stay in the hospital. The worry is that a ramp-up in infections could cause governments to bring back some of the restrictions they put on businesses early this year, which sent the economy hurtling into a recession.

바카라 게임 웹사이트We바카라 게임 웹사이트re on the eve of earnings season and people are reasonably undecided as to whether the correction that started in September has further to run,바카라 게임 웹사이트 said Julian Emanuel, BTIG chief equity and derivatives strategist.

The upcoming election also still means a host of uncertainty about tax rates and regulations on businesses, while tensions between the United States and China continue to simmer.

The yield on the 10-year Treasury note fell to 0.75% from 0.78% late Monday. While that바카라 게임 웹사이트s still very low, the yield has been generally climbing since dropping close to 0.50% in early August.

European and Asian markets closed broadly higher.

___

AP Business Writer Elaine Kurtenbach contributed.