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There is a real chance the US bailout package gets bogged down in politics

Don’t let a crisis go to waste

Elizabeth Warren doesn’t have much power in shaping the huge US bailout that’s coming together because she’s in the Democratic minority in the Senate. However the Democrats control the House and some of these priorities might find their way into the final bill — or at least into the discussion.
Both sides are going to say ‘don’t play politics’ but they’re going to be playing politics. This is going to be among the most-expensive bills ever signed — if not the most expensive — and politicians never waste a crisis.
These are the conditions obtained by Bloomberg’s Sahil Kapur:
Don't let a crisis go to waste

Italy bans short-selling of stocks for 3 months

Market regulator Commissione Nazionale per le Società e la Borsa (CONSOB)

  • The Italian Companies and Exchange Commission
dropping the news. 90 day short sale ban.
Not good news for market functioning but it pales in comparison to the deaths and illnesses being caused by the coronavirus. And the real economy impacts.

A Turnaround Tuesday. Major indices close higher.

6% gains for S&P and Nasdaq.

It is a Turnaround Tuesday for the major US stock indices.

The summary of what was a wild swing day is showing:
  • The S&P index rose 142.88 points or 5.99% to 2529.01. The low reached 2367.04. The high was up at 2553.93
  • The Nasdaq index rose 430.189 points or 6.23% to 7334.78. The low reached 6828.91. The high moved up to 7406.23
  • The Dow rose 1049.27 points or +5.2% to 21237.79. The low reached 19882.26. The high reached 21379.35
In the last hour of trading, their was what has been more typical volatility.  Below is the summary of the changes. Not only did stocks move higher, but the US 10 year yield moved up by 5 basis points.
6% gains for S&P and Nasdaq.
Although off the highs the major US indices are ending the day well off the lows.
Major indices close higher
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