*Coronavirus stimulus/rescue talks are dead until September* The Senate officially adjourned through Labor Day, September 7. The House of Representatives had already been out of season, but now Speaker Nancy Pelosi (D-Calif.) has announced that she will return to California next week.
In the negotiations that collapsed Democrats refused to compromise further than the $2 trillion package (down from $3.4 trillion in the House-passed bill) while Republicans refused to move up from their offer of $1 trillion. Given disagreements in the Republican Senate, it’s not clear that Senate Majority Leader Mitch McConnell actually has the votes even for the $1 trillion package. The number of workers applying for unemployment benefits from state unemployment programs fell below 1 million for the week ended August 8. At 963,000 the number was below the 1.18 million new claims for the week of August 1. Economists had expected initial claims of 1.1 million. Continuing claims for unemployment dropped to 15.5 million for the week that ended on August 1. Economists had expected the number of continuing claims would drop to 15.8 million. The drop from the heights of March, when nearly 7 million people filed initial claims for unemployment, is certainly good news. But the weekly new claims level remains well north of the historic record high of 695,000 in 1982. And with 15.5 million workers drawing continuing unemployment checks, we’re still mired in a recession. Most economists fear that without new stimulus the economy will contract again. -- Kindly email stock reports at STOCKRESEARCHER@googlegroups.com For sharing knowledge -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no guarantee for the genuineness of the same."ANY member of this forum doesnt prepare or publish any research report; or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or iv. give price target; --- You received this message because you are subscribed to the Google Groups "Niftyviews.com" group. To unsubscribe from this group and stop receiving emails from it, send an email to stockresearcher+unsubscr...@googlegroups.com. To view this discussion on the web, visit https://groups.google.com/d/msgid/stockresearcher/CADFC1KSTye_E%2BfnAoSK55ra_x9h-C8G3ur72iCatLSh16JWt4g%40mail.gmail.com.
