12/18/2020 3:35:51 PM GMT | By Eren Sengezer
US Senate Majority Leader Mitch McConnell said on Friday that bipartisan talks on the coronavirus relief bill continue to make headway, as reported by Reuters. The framework for relief plan is close at hand, McConnell added.
Market reaction
Despite these comments, the market sentiment remains sour on Friday. As of writing, the S&P 500 Index, which touched a new all time high of 3,726 at the opening bell, was down 0.55% at 3,702. Moreover, the Dow Jones Industrial Average and the Nasdaq Composite indexes are losing 0.5% and 0.3%, respectively. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any i
Turning the page? Republicans acknowledge Biden s
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Dec 18, 2020 19:32 GMTFXStreet News
WTI briefly surpassed the $49.00/barrel mark on Friday and trades with gains despite equity market downside.
Crude traders continue to focus on positive vaccine news and US fiscal stimulus optimism.
Crude oil markets are defying downside being seen across US equities on Friday, with front-month WTI futures trading higher by more than a percent and briefly even surpassing $49.00. Unlike US equity markets, which are seeing trade distorted by a few technical factors (see here), crude oil markets seem much more focused on the ongoing positive market narratives of vaccine and US fiscal stimulus optimism.
FDA set to give Moderna Covid-19 vaccine EUA
Politics live updates: Biden team cries foul over halt in Pentagon talks; Congressional leaders get first dose of vaccine Savannah Behrmann, USA TODAY
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USA TODAY s coverage of the 2020 election and President-elect Joe Biden s transition continues this week as he rolls out more of his picks for top jobs in his administration and prepares to take the oath of office Jan. 20. The Electoral College affirmed Biden s win Monday, officially giving Biden enough electoral votes to defeat President Donald Trump. Congress will count and certify the results in a joint session Jan. 6. © Tasos Katopodis, Getty Images BESTPIX WASHINGTON, DC - DECEMBER 17: U.S. Senate Majority Leader Mitch McConnell (R-KY) walks to the Senate floor at the U.S. Capitol on December 17, 2020 in Washington, DC. Senate Majority Leader Mitch McConnell said on the Senate floor that, with a shutdown deadline looming at midnight Friday, weekend work in Congress is hig
Friday, 18 December 2020 4:36 PM
[ Last Update: Friday, 18 December 2020 10:05 PM ] US President Donald Trump (L) and his former national security adviser Michael Flynn
Former National Security advisor General Michael Flynn has once again suggested that outgoing US President Donald Trump
could
use the military to force an election “rerun” in battleground states, saying such measure is “not unprecedented.”
Flynn made the comment during an interview with Newsmax on Thursday, suggesting Trump should invoke martial law to prevent President-elect Joe Biden from taking office next month.
“There is no way in the world we are going to be able to move forward as a nation. [Trump] could immediately, on his order, seize every single one of these [voting] machines,” the former presidential aide said in apparent reference to the conspiracy theory that voting software had been hacked to flip Trump’s votes for
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