Stock market tanked today after Trump called off stimulus talks... but later he appeared to change his mind with two tweets...
In late-night tweets, Trump changes course on coronavirus relief talks
In a pair of late-night tweets, President Donald Trump, changed course on negotiating coronavirus relief that he had earlier announced he was calling off until after the election.
"The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!" he posted shortly before 10 p.m.
"If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?" he posted about 20 minutes later.
The late-night change came after a surprise announcement that he was calling off the talks with House Speaker Nancy Pelosi.
"Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their...... request, and looking to the future of our Country," Trump tweeted earlier on Tuesday.
"I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business. I have asked...... @senatemajldr Mitch McConnell not to delay, but to instead focus full time on approving my outstanding nominee to the United States Supreme Court, Amy Coney Barrett. Our Economy is doing very well. The Stock Market is at record levels, JOBS and unemployment.....also coming back in record numbers. We are leading the World in Economic Recovery, and THE BEST IS YET TO COME!" he said.
Financial markets dropped sharply on the news.
https://abcnews.go.com/Politics/trum...ry?id=73457680