President Donald Trump during a press conference today declared tomorrow afternoon he will unveil a ‘major’ stimulus package to help the economy damaged by the coronavirus outbreak.
Some possible measures to be included could be the following…
- Strategic Petroleum Reserve stocks increased
- Healthcare financial assistance
- Assistance to small business
- Assistance for employees working from home
- Assistance to travel and hospitality industry
- ‘Marshall Plan’ for vaccination development
- Tariffs on oil imports
- Payroll tax cut
- Pharmaceutical manufacturing investment
CD Media will report tomorrow on the developments…Markets are rallying on the news.