The US economy doesn't need stimulus to stay 'afloat', Morgan Stanley says, adding there is 'no risk of a double dip recession' in the next month if talks fail
The US economy doesn't need stimulus in the next 30 days, Morgan Stanley's top equity strategist told CNBC's"Closing Bell" on Tuesday.
"I don't think we need stimulus in the next 30 days for the economy to stay afloat. There is no risk of a double dip recession in the next 30 days if we don't get the stimulus done," Mike Wilson said.US president Donald Trump signaled an end to stimulus talks on Tuesday, but made an apparent U-turn hours later and tweeted urging lawmakers to approve more stimulus.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Join us on Monday — Learn about the race for a coronavirus vaccine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
45,000 Jobs At Risk As Regal Owner Cineworld Closes All U.S. And U.K. Cinemas45,000 jobs are at risk as Regal owner Cineworld closes all U.S. and U.K. cinemas
Read more »
4 private islands you can buy in the US for less than $300,000 each - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
How real-time payments are taking off in US, from payroll to bill pay - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Spotlight on Walter Reed Medical Center brings back powerful memories for US wounded warriorsIn the critical days since President Trump announced that he and first lady Melania Trump had been infected with the novel coronavirus, the eyes of the world have been fixed on one place: a sprawling parcel of manicured green laws and matchbox-like ivory dwellings known as the Walter Reed National Military Medical Center (WRNMMC).
Read more »
U.S. Stock Futures Tick Higher on Muted Signs of Ebbing Political RiskInvestors are cautiously optimistic that President Trump’s improving health condition and former Vice President Joe Biden’s rising lead in the polls means less uncertainty.
Read more »