Future s edge higher after Trump signs virus relief orders
U.S. stock index futures were in a flat-to-slightly higher range on Monday as markets looked to executive orders from President Donald Trump over ...
BusinessU.S. stock index futures were in a flat-to-slightly higher range on Monday as markets looked to executive orders from President Donald Trump over the weekend to support the economy until more concrete stimulus could be passed.FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid
10 Aug 2020 06:45PMShare this contentBookmarkREUTERS: U.S. stock index futures were in a flat-to-slightly higher range on Monday as markets looked to executive orders from President Donald Trump over the weekend to support the economy until more concrete stimulus could be passed.
The orders, aimed at unemployment benefits and evictions, came after negotiations broke down between the White House and top Democrats in Congress over new stimulus steps to help the world's largest economy combat the coronavirus outbreak.Advertisement headtopics.com
AdvertisementU.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin said on Sunday they were open to restarting aid talks.With total infections in the country crossing five million and recent data suggesting that an economic recovery was stalling, markets had few positive cues to trade on.
Tensions between Washington and Beijing were also at play, after Trump signed executive orders last week banning major Chinese technology firms in 45 days' time while announcing sanctions on 11 Chinese and Hong Kong officials.Still, a better-than-expected earnings season and hopes of more stimulus put the S&P 500 within a percent of a record high, while the Nasdaq scaled several peaks as its major technology constituents benefited from the pandemic.
AdvertisementAdvertisementAt 6:14 a.m. ET, Dow e-minis were up 100 points, or 0.37per cent. S&P 500 e-minis were up 5 points, or 0.15per cent and Nasdaq 100 e-minis were down 4.75 points, or 0.04per cent.Among individual movers, Eastman Kodak Co plunged 44.3per cent premarket after its US$765-million loan agreement with the U.S. government to produce pharmaceutical ingredients was put on hold due to"recent allegations of wrongdoing."
Marriott International Inc dropped about 2per cent and Royal Caribbean Cruises Ltd fell 0.6per cent ahead of their quarterly reports.The No. 1 U.S. mall owner Simon Property Group rose 4.5per cent after a report that it has been in talks with Amazon.com Inc about turning some of its department-store sites into Amazon fulfillment centers. headtopics.com
Simon is expected to post its smallest quarterly profit in nearly six years after markets close on Monday.Berkshire Hathaway Inc on Saturday announced a US$9.8-billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit. However, its shares rose 1.2per cent as its second-quarter net income surged 87per cent.
(Reporting by Ambar Warrick and Medha Singh in Bengaluru; editing by Uttaresh.V) Read more: CNA »
A Chinese ‘auntie’ went on a solo road trip. Now, she’s a feminist icon
Trump signs COVID-19 relief orders after talks with Congress break downPresident Donald Trump on Saturday intends to sign an executive order intended to provide economic relief to Americans hurt by the coronavirus ...
Trump to sign executive orders for coronavirus stimulusBEDMINSTER, NEW JERSEY (REUTERS) - President Donald Trump on Saturday (Aug 8) said he would sign a series of executive orders intended to provide economic relief to Americans hurt by the coronavirus pandemic after the White House failed to reach a deal with Congress.. Read more at straitstimes.com.
As Trump falters, Democrats and Biden eye an elusive prize: TexasAs polls show Texans increasingly frustrated with President Donald Trump's response amid a massive resurgence in coronavirus cases, Democrats say ...
US hits 5 million virus cases as Trump criticised over relief package[WASHINGTON] The United States on Sunday reached the extraordinary milestone of five million coronavirus cases as President Donald Trump was accused of flouting the constitution by unilaterally extending a virus relief package. Read more at The Business Times.
US hits 5 million virus cases as Trump criticised over relief packageThe United States set a record for coronavirus cases on Saturday, with more than 5 million people now infected, according to a Reuters tally, as ...
Trump rival Joe Biden leads in battlegrounds Wisconsin, Pennsylvania: CBS PollWASHINGTON (BLOOMBERG) - Democratic nominee Joe Biden leads President Donald Trump in Wisconsin and Pennsylvania, two states won by the Republican in 2016 on the way to the White House, according to a CBS poll.. Read more at straitstimes.com.