What to watch today: Dow to rise as Wall Street monitors D.C. coronavirus relief talks

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Stock futures were higher as Congress negotiates the next relief package and Eli Lilly announces late-stage trial for Covid-19 drug.

ADT is receiving a $450 million investment from Alphabet's Google unit in exchange for a 6.6% stake in ADT. It's part of a partnership that will see ADT offer Google's Nest smart home devices to its customers. Each company will also commit $150 million to expand product and service offerings.

News Corp announced the resignation of James Murdoch from its board of directors. Murdoch said he was resigning due to disagreements over editorial policy and other strategic decisions by the Wall Street Journal publisher. Varian Medical Systems agreed to be bought by Germany's Siemens Healthineers for $16.4 billion in cash, or $177.50 per share. The price for the cancer care specialist represents a 24% premium to Varian's Friday closing price.

 

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I’m sick of the stock market worship and the perceived power everyone thinks it has. It is not a real indicator of anything that is truly going on in America. As soon as people figure that out, the better. It is one tool In many. That’s it.

I don’t give a hoot about Wall Street. It’s just a bunch of greedy pariahs tryna make money offa the horrible plight and failed leadership currently in America. What Wall Street is doing is not paying my rent or putting food on my table. Wall Street is just rich folk folly.

Biden so close to picking VP he can smell her.

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Mnuchin pushes back on Pelosi: We need 'balance' between debt, coronavirus reliefSec. Mnuchin says Republicans “proposed a one-week extension” of $600 unemployment insurance as they “negotiate a longer term solution” and he’s “surprised that the Democrats won’t agree to that. They are insistent on having this as part of a larger deal.” We have to pay people to stay home. Stop with the week to week crap. Shut it down for 8 weeks so we can honestly flatten the curve. The republicans are 100% correct here. Why give up a bargaining chip?
Source: ABC - 🏆 471. / 51 Read more »

Speaker Pelosi blames Trump, GOP for deadlock in coronavirus relief negotiations“I think the president has been spreading disinformation about the virus and she is his appointee so, I don’t have confidence there, no,” Speaker Pelosi tells MarthaRaddatz when asked is she has confidence in Dr. Deborah Birx. MarthaRaddatz Can’t wait to vote Nancy out! I can smell the vodka from here. MarthaRaddatz This woman should retire, she can barely speak 🤦‍♂️ MarthaRaddatz Listen to this drunk bitch talking about confidence 😂😂 pass a stimulus package no one gives a shit about anything else.
Source: ABC - 🏆 471. / 51 Read more »

Trump's defiant campaign amid pandemic ramps up ground game, as Biden looks for another wayPresident Trump’s reelection team is plowing forward campaigning across the country despite rising coronavirus cases. Meaning safe and smart.
Source: ABC - 🏆 471. / 51 Read more »

Mnuchin: Coronavirus relief talks 'at an impasse' over a larger packageTreasury Secretary Steven Mnuchin told reporters that negotiations with Democrats for a coronavirus relief package were 'at an impasse' over the decision to create a larger package or pass short-term solutions and return to negotiations. Let mitch mc connell go home to a broke Kentucky in Nov. and see where his hemming and hawing as got him, Same goes for tom tillis, I for one am not at an impasse how I'm going to vote this election season, blue down the ballot They should let some unemployed people mediate. Can’t wait to see Mnuchin in handcuffs.
Source: MSNBC - 🏆 469. / 51 Read more »

U.S. Congress in position to spend big on coronavirus relief, Fed official saysThe U.S. Congress is in position to spend big on coronavirus relief efforts because the nation's budget gap can be financed without relying on foreign borrowing, given how much Americans are saving, a top Federal Reserve official said on Sunday. They've always been in 'position.' The question is are they willing to invest back in the tax-payer. So far, the answer has been 'no.' ubscribe to The Barbershop, a podcast about racism: Really. Tell congress to give up 25% of their pay and maybe they will feel a pinch of what 30 million Americans are going through pass the 600.00 a week benefit..stop playing with people's livelihood.. Kneel, Cashncarry.
Source: Reuters - 🏆 2. / 97 Read more »

Democratic, Administration Negotiators at Loggerheads Over $600 Jobless BenefitDemocrats and Republicans remained at odds in weekend negotiations on a new coronavirus economic relief package, including aid to replace the federal $600-a-week boost to unemployment benefits that expired Friday. How ironic: the American people are supposed to be so great, but not great enough to invest back in during a pandemic. Pathetic. Please follow and check out my latest article: I understand Schummer is in the minority in the Senate and Pelosi has the house but the way he follows her around like a blind lap dog is weird. Do nothing. freedom
Source: WSJ - 🏆 98. / 63 Read more »