Markets Rally on News of Pfizer’s Coronavirus Vaccine

The U.S. Chamber of Commerce voiced optimism on Monday that a Biden administration could break the political gridlock that has stymied legislative cooperation between Democrats and Republicans in Congress and called on lawmakers to quickly put aside their differences and pass legislation to bolster the economy.

The expression of hope came after the traditionally right-leaning business lobbying group shifted away from President Trump this year, backing several House Democrats ahead of the 2020 election amid frustration with the White House’s trade and immigration policies.

“The time for campaigning has come to an end, and now we’ve entered the time for governing,” said Neil Bradley, the Chamber’s executive vice president and chief policy officer, said on a call with reporters. Read more…..

NinjaTrader-Download-Animated-728x90

Chart of the Day

Icarus TV

Morgan Stanley’s Mike Wilson on why he thinks the S&P is running out of gas. With CNBC’s Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Steve Grasso.

Share This Post

Leave a Reply