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Pelosi Shoots Down Airline Aid, Stocks Fall

By CDM Staff

October 8, 2020

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Pelosi Shoots Down Airline Aid, Stocks Fall — 1971. Braniff International. Stewardess is wearing the Pucci III uniform
Image by clipperarctic

Nancy Pelosi shot down additional aid for the airlines today as a separate, carve out bill. She prefers a grand agreement, with much larger spending to bailout mismanaged Democrat-run jurisdictions, which of course is the point. This is something the Trump administration will not agree too.

Airline stocks fell Thursday after House Speaker Nancy Pelosi said there won’t be a standalone bill for additional aid for carriers without a larger coronavirus stimulus package, reported CNBC.

Markets fell on the news after continuing yesterday's rally on the open.

Continuing Jobless Claims (Sep 25) printed at 10.9676M vs 11.4M consensus estimate.

Initial Jobless Claims (Oct 2) printed at 840k vs 820k estimate.

Initial Jobless Claims 4-week average (Oct 2) printed at 875k.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."