U.S. stock futures slipped on Sunday night after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
Dow Jones Industrial Average dipped 55 points, or 0.2%. S&P 500 futures fell 0.2% and Nasdaq 100 futures were down by 0.4%.
Those orders continue the distribution of expanded unemployment benefits, defer student loan payments through 2020, extend a federal moratorium on evictions and provide a payroll tax holiday. However, the unemployment benefit will be continued at a reduced rate of $400 per week. Originally, the benefit provided workers impacted by the pandemic with $600 per week. Read more…..
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Bob Prince, co-chief investment officer at Bridgewater Associates, discusses the impact of the coronavirus pandemic on the U.S. economy, bond investment strategy in a near-zero interest rate environment, and the future for the U.S. dollar as a reserve currency. He speaks with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.”