Wall Street should temper its high hopes for coronavirus economic plan: analysts
Wall Street should temper its high hopes for any U.S. fiscal stimulus measures to fight the expected economic fallout of the coronavirus, political analyst said Tuesday. Any fiscal package faces “major hurdles” and final action may not come until April.
On Monday night, President Donald Trump said he is seeking “very substantial relief” to the payroll tax. The announcement, which was said to surprise even the president’s closest advisers, led to a rebound in financial markets. The president said he wanted to aid the airline, cruise ship and hotel industries.Analysts noted right away that Trump’s proposal seemed paper thin.
Democrats don’t like the payroll tax cut because they think it will harm the Social Security program, and would harm hourly workers. Democrats said any new tax cuts for major corporations would have to be matched by assistance to workers.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Coronavirus spread prompts Wall Street to seek regulatory approval for home tradingWall Street banks and brokers are in 'robust' talks with regulators to...
続きを読む »
Wall Street whacked by oil crash, virus fearsStock trading resumed after a nosedive of 7% in the benchmark S&P 500 forced so-called circuit breakers to temporarily halt stock trading
続きを読む »
Wall Street coronavirus contingency plans - the state of playAs the coronavirus spreads in the financial hub of New York, financial firms – l...
続きを読む »
Stocks surge on Wall Street following worst day since 2008NEW YORK (AP) — Stocks are surging on Wall Street following the market's worst day since the financial crisis of 2008. The Dow jumped nearly 800 points, or 3.3%, making up less than half of its...
続きを読む »
Wall Street clobbered as crude plummets, virus crisis deepensMajor U.S. stock indexes shed more than 7% on Monday as oil prices collapsed in their biggest one-day fall since the 1991 Gulf war, fueling even more worries about the global economic impact of the coronavirus crisis
続きを読む »