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Negotiations have stalled until the election, Trump writes in a series of Twitter messages. However, he promises a stimulus package “after the election, immediately after he wins.”
Trump writes that he has asked Senate Leader Mitch McConnell to fully focus on getting Amy Coney Barrett approved as the new Supreme Court Justice.
– The economy is doing very well, writes the president.
…@senatemajldr Mitch McConnell don’t delay, but focus full time on approving my outstanding nominee for the United States Supreme Court, Amy Coney Barrett. Our economy is doing very well. The stock market is at record levels, EMPLOYMENT and unemployment …
– Donald J. Trump (@realDonaldTrump) October 6, 2020
Stock market crash
However, shortly after Trump’s posts on Twitter, the American stock market crashed. Write various news agencies, Tuesday night.
The S&P 500 Index fell 1 percent after Trump’s announcement on Twitter. In the time before the messages to the president, it was half a percent higher, writes the New York Times.
The Dow Jones index immediately ranged from a gain of around 200 points to a loss of around 300 points after Trump’s reports, the AP news agency writes.
Calls interrupted
According to the AP, Trump interrupted talks with the head of the US Federal Reserve, Jerome Powell, when he warned Tuesday that the economy will remain vulnerable without more economic stimulus.
Powell made clear that too little support would lead to a weak recovery and create unnecessary challenges for households and businesses.
The case is being updated!
(© NTB / TV 2)
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