US Stocks Rally After Kudlow Says Trump Approved a Stimulus Deal

What Happened:

• In an interview with Fox Business on Friday, Director of the US National Economic Council and Trump advisor Larry Kudlow announced that Trump had approved a revised Coronavirus stimulus plan.

• While all of the details have not been divulged, sources say that Treasury Secretary Steve Mnuchin will present a $1.8 Trillion Covid-19 Relief Plan counteroffer to House Speaker Nancy Pelosi today.

• Speculation that a new stimulus package may be coming through shortly has resulted in a rally in the US stock market.

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Photo Source: Alexander Naumann

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