PELOSI, SCHUMER IN FAVOR OF $908 BN CORONAVIRUS STIMULUS PLAN AS BASIS OF NEGOTIATIONS

Highlights

• The impact of these two leaders backing this coronavirus stimulus plan as basis of negotiation was immediately visible on the global stocks as they surged on the last trading day of the week

• McConnell had shot down the bipartisan plan immediately after its release on Tuesday and has been endorsing only about $500 billion in spending in a new relief package

• While the two leaders are ....