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Wall Street Set For Muted Open Ahead Of Stimulus Deal Deadline
Wall Street headed for a muted open on Friday after hitting record highs in the prior session on hopes that Washington will finally agree on a COVID19 stimulus package as Americans prepare to get vaccinated.
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LONDON: Wall Street headed for a muted open on Friday after hitting record highs in the prior session on hopes that Washington will finally agree on a COVID-19 stimulus package as Americans prepare to get vaccinated.
U.S. stock futures were little changed, with no major data to give investors a steer as the last full week of trading in 2020 winds up.
U S House passes stopgap funding bill to avoid government shutdown
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Asian stocks defy broader global rally, Brexit worries emerge - Netscape Money & Business
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Rand Paul Rails Against COVID Relief Plans, Calls for Economy to Be Reopened
On 12/18/20 at 10:45 AM EST
Republican Senator Rand Paul said the U.S. should not borrow more money and he railed against plans for further COVID-19 relief funds as stimulus talks gathered pace on Capitol Hill in the run up to Christmas.
Appearing on the conservative Newsmax channel on Friday, the Kentucky senator said Congress should not be passing out any money to states that had not reopened their economies, arguing that it would be rewarding poor behavior.
He added that the option between a large Democratic stimulus package and a smaller Republican relief bill was a false choice, hitting out at any plans to increase borrowing as millions of Americans faced rent arrears, debt and food poverty.
US Vice President Mike Pence receives the COVID-19 vaccine in Washington in public on December 18, 2020
“Building confidence in the vaccine is what brings us here this morning,” Pence said after being injected, quipping: “I didn’t feel a thing.”
Pence, his wife Karen and the nation’s lead public health official, Surgeon General Jerome Adams, were all given the Pfizer-BioNTech vaccine in the annex to the White House.
Signalling the importance given to the event, top infectious disease official Anthony Fauci and Centers for Disease Control and Prevention director Robert Redfield were also in the room.
Notably absent was President Donald Trump himself.