S&P 500   3,373.43 (-0.20%)
DOW   27,896.72 (-0.29%)
QQQ   271.86 (+2.52%)
AAPL   452.04 (+3.32%)
MSFT   209.19 (+2.86%)
FB   259.89 (+1.47%)
GOOGL   1,507.24 (+1.80%)
AMZN   3,162.24 (+2.65%)
NVDA   457.61 (+5.44%)
CGC   17.25 (+1.77%)
BABA   255.19 (+2.73%)
TSLA   1,554.76 (+13.12%)
GE   6.72 (-0.15%)
MU   48.48 (+1.51%)
AMD   82.61 (+7.45%)
T   30.18 (-0.07%)
F   7.11 (-1.66%)
ACB   9.80 (-2.20%)
GILD   68.84 (+1.09%)
NFLX   475.47 (+1.83%)
DIS   131.79 (+1.00%)
BAC   26.73 (-0.71%)
BA   175.44 (-2.60%)
S&P 500   3,373.43 (-0.20%)
DOW   27,896.72 (-0.29%)
QQQ   271.86 (+2.52%)
AAPL   452.04 (+3.32%)
MSFT   209.19 (+2.86%)
FB   259.89 (+1.47%)
GOOGL   1,507.24 (+1.80%)
AMZN   3,162.24 (+2.65%)
NVDA   457.61 (+5.44%)
CGC   17.25 (+1.77%)
BABA   255.19 (+2.73%)
TSLA   1,554.76 (+13.12%)
GE   6.72 (-0.15%)
MU   48.48 (+1.51%)
AMD   82.61 (+7.45%)
T   30.18 (-0.07%)
F   7.11 (-1.66%)
ACB   9.80 (-2.20%)
GILD   68.84 (+1.09%)
NFLX   475.47 (+1.83%)
DIS   131.79 (+1.00%)
BAC   26.73 (-0.71%)
BA   175.44 (-2.60%)
S&P 500   3,373.43 (-0.20%)
DOW   27,896.72 (-0.29%)
QQQ   271.86 (+2.52%)
AAPL   452.04 (+3.32%)
MSFT   209.19 (+2.86%)
FB   259.89 (+1.47%)
GOOGL   1,507.24 (+1.80%)
AMZN   3,162.24 (+2.65%)
NVDA   457.61 (+5.44%)
CGC   17.25 (+1.77%)
BABA   255.19 (+2.73%)
TSLA   1,554.76 (+13.12%)
GE   6.72 (-0.15%)
MU   48.48 (+1.51%)
AMD   82.61 (+7.45%)
T   30.18 (-0.07%)
F   7.11 (-1.66%)
ACB   9.80 (-2.20%)
GILD   68.84 (+1.09%)
NFLX   475.47 (+1.83%)
DIS   131.79 (+1.00%)
BAC   26.73 (-0.71%)
BA   175.44 (-2.60%)
S&P 500   3,373.43 (-0.20%)
DOW   27,896.72 (-0.29%)
QQQ   271.86 (+2.52%)
AAPL   452.04 (+3.32%)
MSFT   209.19 (+2.86%)
FB   259.89 (+1.47%)
GOOGL   1,507.24 (+1.80%)
AMZN   3,162.24 (+2.65%)
NVDA   457.61 (+5.44%)
CGC   17.25 (+1.77%)
BABA   255.19 (+2.73%)
TSLA   1,554.76 (+13.12%)
GE   6.72 (-0.15%)
MU   48.48 (+1.51%)
AMD   82.61 (+7.45%)
T   30.18 (-0.07%)
F   7.11 (-1.66%)
ACB   9.80 (-2.20%)
GILD   68.84 (+1.09%)
NFLX   475.47 (+1.83%)
DIS   131.79 (+1.00%)
BAC   26.73 (-0.71%)
BA   175.44 (-2.60%)
Log in

Negotiators report progress in COVID-19 aid talks

Posted on Saturday, August 1st, 2020 By Andrew Taylor, Associated Press

WASHINGTON (AP) — Lawmakers participating in rare weekend talks on a huge coronavirus relief measure reported progress on Saturday, as political pressure mounts to restore a newly expired $600-per-week supplemental unemployment benefit and send funding to help schools reopen.

“This was the longest meeting we had and it was more productive than the other meetings,” said Senate Minority Leader Chuck Schumer, D-N.Y. “We're not close yet, but it was a productive discussion — now each side knows where they’re at."

Schumer spoke alongside House Speaker Nancy Pelosi, D-Calif., after meeting for three hours with Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows.

The Democratic duo is eager for an expansive agreement, as are President Donald Trump and top Republicans like Senate Majority Leader Mitch McConnell of Kentucky. But perhaps one half of Senate Republicans, mostly conservatives and those not facing difficult races this fall, are likely to oppose any deal.

Prior talks yielded little progress. The administration is willing to extend the $600 jobless benefit, at least in the short term, but is balking at other Democratic demands like aid for state and local governments, food stamp increases, and assistance to renters and homeowners.

Pelosi mentioned food aid and funding for voting by mail after the negotiating session was over. She and Schumer appeared more upbeat than they have after earlier meetings.

“We have to get rid of this virus so that we can open our economy, safely open our schools, and to do so in a way that does not give a cut in benefits to American workers," Pelosi said. She pressed her case for additional food aid and funding to facilitate voting by mail this fall as the pandemic rages on.

Mnuchin said restoring the $600 supplemental jobless benefit is critically important to Trump.

“We’re still a long ways apart and I don’t want to suggest that a deal is imminent because it is not," Meadows said afterward. “There are still substantial differences, but we did make good progress.

The additional jobless benefit officially lapsed on Friday, and Democrats have made clear that they will not extend it without securing other relief priorities. Whatever unemployment aid negotiators agree on will be made retroactive — but antiquated state systems are likely to take weeks to restore the benefits.

Republicans in the Senate had been fighting to trim back the $600 benefit, saying it must be slashed so that people don't make more in unemployment than they would if they returned to work. But their resolve weakened as the benefit expired, and Trump abruptly undercut their position by signaling he wants to keep the full $600 for now.

On Friday, Trump used Twitter to explicitly endorse extending the $600 payment and to criticize Schumer.

Washington's top power players agree that Congress must pass further relief in the coming days and weeks. At stake beyond the $600 per week jobless benefit is a fresh $1,200 direct payment to most Americans, and hundreds of billions of dollars in other aid to states, businesses and the poor, among other elements.

Democrats hold a strong negotiating hand — exploiting GOP divisions — and they are expected to deliver a necessary trove of votes.

The COVID package will be the fifth legislative response to the pandemic and could well be the last one before the November election. The only other must-pass legislation on the agenda is a stopgap spending measure that should advance in September.

Since May, Republicans controlling the Senate had kept the relief negotiations on “pause” in a strategy aimed at reducing its price tag. But as the pandemic surged back over the summer — and as fractures inside the GOP have eroded the party's negotiating position — Republicans displayed some greater flexibility.

Even with signs of progress in the talks, the list of items to negotiate remains daunting.

Democrats, for example, are pressing hard for a boost in food stamp benefits. Republicans added $20 billion for agribusinesses but nothing for greater food stamp benefits in their $1 trillion proposal. Meadows played a role in killing an increase in food aid during talks on the $2 trillion relief bill in March.

“Traditionally we’ve had a partnership between farms and families, and they’ve consistently broken that,” said Sen. Debbie Stabenow of Michigan, the top Democrat on the Senate Agriculture Committee.

7 Best Stocks to Own Right Now

Today, we are inviting you to view our list of the seven best stocks to own for the next thirty days.

Why is it worth looking into these stocks? Some of Wall Street's most respected and most accurate research analysts have been upgrading these stocks and raising their price targets for these companies.

No, we're not talking recommendations from some no-name blogger or a junior analyst from a brokerage you've never heard of. These stocks have received multiple positive recommendations in the last 30 days from analysts that have received four star and five star rankings from MarketBeat's proprietary brokerage ranking system.

Analysts given four star and five star ratings from MarketBeat consistently issue accurate price targets and their buy recommendations often outperform the market by double digits. Buy recommendations from our current top-rated brokerage, National Securities, have gone up by an average of 47.5% in the 12 months after they were issued.

We've reviewed every research report published by these top-rated analysts in the last 90 days and have identified seven stocks that these analysts are poised for an immediate breakout.

View the "7 Best Stocks to Own Right Now".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.