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Dow Futures Lower After Bank Earnings, Weak Retail Sales; Biden Proposes $1 9 Trillion COVID Aid Boost

Dow Futures Lower After Bank Earnings, Weak Retail Sales; Biden Proposes $1.9 Trillion COVID Aid Boost TheStreet 1/15/2021 Martin Baccardax © TheStreet Dow Futures Lower After Bank Earnings, Weak Retail Sales; Biden Proposes $1.9 Trillion COVID Aid Boost The Friday Market Minute Global stocks slip lower as investors pick through details of President Elect Biden s stimulus proposals and brace for the unofficial start to the fourth quarter earnings season. Biden will ask Congress to approve $1.9 trillion in new spending, with around $1 trillion targeted for direct household relief. Fed Chair Jerome Powell eases bond market concerns for the package s costs, pledging to keep rates low and monthly purchases at the same pace.

Tom Steyer, Mark Cuban support direct payments in Joe Biden s stimulus

Joe Biden's $1.9 trillion stimulus proposal includes more checks for Americans, and billionaires Tom Steyer and Mark Cuban both say it's a good idea.

December stimulus boosts spending by 30%, before Biden package passes

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