June 4, 2020 | Daily JAM |
The Trump administration has started to focus on a $1 trillion package of new coronavirus rescue money. Senate Majority Leader Mitch McConnell has told the White House that a bill approaching $1 trillion could, in his opinion, gather enough support from Republicans in...
April 1, 2020 | Daily JAM |
In the last few days both President Donald Trump and House Speaker Nancy Pelosi have said they'd like to move ahead with the next coronavirus rescue bill--one that includes major infrastructure spending. Today Senate Majority Leader Mitch McConnell (R-Ky.) said he...
March 28, 2020 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Did you...
March 27, 2020 | Daily JAM, Morning Briefing |
The House of Representatives jumped one last procedural hurdle and sent the $2.2 trillion coronavirus bill to President Trump for his signature. Meanwhile... Italy reported 919 coronavirus deaths in one day, the largest single-day toll reported by any country. The...
March 26, 2020 | Daily JAM, Morning Briefing |
Today Treasury Secretary Steve Mnuchin said the surge in Americans filing for unemployment benefits is “not relevant.” Mnuchin told CNBC, “The president is protecting those people.” For the week ended March 21, initial claims for unemployment soared to a record 3.28...
March 25, 2020 | Daily JAM, Morning Briefing |
As I write this at 1:20 p.m. New York time on Wednesday, March 25, the Senate is debating the $2 billion (or is it even more now?) coronavirus rescue bill. The consensus is that the chamber will vote and pass the bill sometime this afternoon and then send it to the...
March 24, 2020 | Daily JAM, Morning Briefing |
Stocks are up Big Time today on speculation that the Senate will finally pass a $1.8 trillion (remember when it was just $1.2 trillion?) coronavirus rescue package. As of the close today, March 24, the Standard & Poor's 500 was up 9.38% to 2437.33, and the Dow...