[ad_1]
On Tuesday night, news came that Donald Trump will halt negotiations on a new financial crisis package after the elections.
CROWN DISEASE: The stock market reacted badly to the news that arrived last Friday that Donald Trump was going to be hospitalized with a proven covid 19 infection
Evan Vucci / AP
Published:,
After spending the weekend at Walter Reed National Military Medical Center, the president is back at the White House under close scrutiny.
On Tuesday night, Donald Trump called for a halt to the negotiations and the three main indices fell sharply an hour before closing time.
This is how the trading day ended on Tuesday:
- S&P 500 down 1.40 percent
- Nasdaq ned 1.57prosent
- The Dow Jones fell 1.34 percent
At closing time, a barrel of North Sea oil (burned spot) is trading at $ 42.10 and is up 1.47 percent on the day. A barrel of US light oil is trading at $ 40.02.
Tech stocks are also falling on the Nasdaq on Tuesday. Facebook, Alphabet, Netflix, Microsoft and Apple fell more than two percent, while Apple fell 3.11 percent on Tuesday.
Halts negotiations on a new crisis package
On Tuesday night, President Donald Trump said he would halt negotiations with Democrats on a new financial crisis package until the November elections are over.
If the White House acts according to the president’s wishes, it will stop paying $ 1 billion to households and businesses fighting the pandemic.
“I have asked my representatives to end negotiations until after the election, where, immediately after I win, I will adopt a major crisis package that focuses on working Americans and small businesses,” Trump wrote. Twitter.
Democrats Nancy Pelosi and Finance Minister Steven Mnuchin discussed the crisis package on Monday and had planned to continue the dialogue on Tuesday.
In addition, the head of the Federal Reserve of the United States, Jerome Powell, said on Tuesday that they need a more aggressive development of the new crisis package.
Powell believed that if the developments don’t happen soon, it could lead to a weak recovery in the American economy, creating unnecessary challenges for American businesses and households.
Key figures
During the afternoon the US trade balance for goods and services was presented.
It showed a deficit of $ 67.1 billion in August, from a revised deficit of $ 63.4 billion in July.
A deficit of $ 66.1 billion was expected up front, according to Direkt Makro, writes Infront TDN.
According to the so-called Jolts report, there were fewer job openings in the United States in August than expected.
In August, there were 6.49 million job openings in the United States in August, where 6.69 million were expected.
Trump wants to stop negotiations on a new crisis package
[ad_2]
