The Dow Jones futures rallied nearly 100 points on the day, indicating that Wall Street’s stock market will rebound tonight before US President Joe Biden said. Will announce a big stimulus package
As of 20.33 GMT, the Dow Jones futures positive 93 points or 0.3% to 31,052 points.
The index also received good news from Johnson & Johnson (J&J), which the results showed. The company’s vaccine can provide protection against the COVID-19 virus. With just one injection
Previously, Pfizer / Biotech, AstraZeneca / University of Oxford and Moderna vaccines all required two injections to build an immune response to cattle. VID-19, in which two doses, have put restrictions on governments in their vaccinations for citizens. As a result, some countries try to prolong the time between first and second vaccination. To provide the first vaccination for the largest number of people
Investors keep an eye on the US economic stimulus that Biden will reveal today. While the media reported it could be up to $ 2 trillion.
Biden is set to announce a massive economic stimulus today to cure US citizens and businesses affected by the COVID-19 outbreak. Biden said the measure would be worth several trillions of dollars.
Biden is expected to drive such stimulus. After his inauguration ceremony on Jan. 20, Democrats can dominate both the White House, the Senate and the House of Representatives. This will facilitate the release of new economic stimulus measures. After being prevented earlier by President Donald Trump.
Biden said earlier that He supported the current minimum wage hike from $ 7.25 / hour to $ 15 and increased the limit for sending cash checks to Americans to $ 2,000 each from $ 600 each.
Biden said: Pushing the stimulus was a priority task after his inauguration as president.
The source said Biden will not yet consider the corporate income tax hike he had stated in his presidential campaign. It will give Congress a priority to pass the law on stimulus first.
The measure is expected to be approved in the House of Representatives. But Biden may need to make an effort to push it through the Senate. As Democrats and Republicans now have the same number of votes at 50-50 and passing the measure requires at least 60 votes, Biden needs to rely on Republicans. At least 10 votes in passing the said measure
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