Connect with us

Nation

Stock Market Surge: President Trump To Back Trillion-Dollar Infrastructure Plan

Published

on

Screenshot 2020 06 05 09.33.34

Wow! At least there is some good news on the U.S. stock market front. It’s been a tough several weeks in the news with the killing of George Floyd by a Minneapolis Police officer and the ensuing rioting and protests that have gripped our nation.

But on Tuesday, the DOW surged higher than expected and according to Market Watch, it’s “looking to extend the previous day’s gains, partly boosted by better-than-expected data on retail sales and a report of a potential therapeutic for patients with severe COVID-19 symptoms.”

That’s two pieces of news everyone can agree is good for our nation. Moreover, the stock market surge is also due to President Donald Trump’s recent announcement that he is backing a $1 trillion infrastructure spending package. The package has been necessary for years and will add more fiscal stimulus to help the economy recover from the coronavirus pandemic.

The United States has really needed this plan to rebuild our nation’s eroding infrastructure. It is a plan that both Republicans and Democrats – can for the most part – agree on.

Congressional GOP hopeful Lacy Johnson, who is running against Democrat Ilhan Omar in Minnesota’s fifth Congressional district, told me on “The Sara Carter Show” Monday, that his community, which has been rocked by violent protests after the tragic death of Floyd, will best be served when you put the attention back into the real issues affecting impoverished communities. Fundamentally, Johnson said its education and economics.

“It’s a blessing, and we’re going use that and we will use (Trump’s) capabilities, his strength of things that he’s able to do for this community,” said Johnson. The Minneapolis community has suffered more than $300 million dollars worth of destruction since Floyd’s death.

Johnson said, “we’re gonna take that and we’ll move forward, rebuild this community. Once we rebuild it, we’re gonna put some things in place to bring economic growth. We’re gonna put some things in place to include to improve the quality of education. We’re gonna put things in place to improve families and make them stronger. ”

Getting the United States economy back on track after the COVID19 lockdown is imperative and a top priority for President Donald Trump. According to administration officials that I’ve spoken with, a priority is to bring back the economy, particularly in impoverished communities, and continue Trump’s plan to bring American manufacturing jobs back to the United States.

The $1 trillion plan will assist in reviving the economy. In fact, Bloomberg reported Tuesday that a preliminary version of Trump’s plan is being prepared by the Department of Transportation.

According to the Bloomberg report, under Trump’s plan, “most of the money will be earmarked for infrastructure work in roads and bridges meanwhile the rest of the funds will be devoted to building the US 5G network and improving internet services in rural areas of the country.”

According to Market Watch, investors will be “watching testimony Tuesday from Federal Reserve Jerome Powell, after the Fed expanded its corporate bond buying program Monday to include purchases in the secondary market.”

You may like

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Nation

50-Foot Christmas Tree Outside Fox News Set on Fire by 49yr Old Homeless Man

Published

on

Fox News Xmas Tree

Just before 12:15 am Wednesday morning, an arsonist set fire to the 50-foot tree in front of Fox News’ Midtown headquarters on 6th avenue. The suspect, a 49-year-old with three prior arrests, was quickly caught and taken into custody.

The man has two previous arrests for drug possession and one for public intoxication. The motive is unclear, and Police Commissioner Dermot Shea said detectives are looking into whether mental illness was a factor.

Christmas Tree

The suspect accused of setting the News Corp. Christmas tree on fire is taken into custody by the NYPD.

“The suspect is identified as 49-year-old Craig Tamanaha, who is homeless, with a last known address in Brooklyn” reports ABC 7 New York. Police said the suspect climbed up “the metal superstructure” underneath the artificial tree and lit papers he had brought with him on fire, then shoved the papers into the tree structure.

He then climbed down and watched from the street level as it burned, and he was spotted by building security who pointed the man out to police officers posted in nearby Rockefeller Center,” reports ABC.

A lighter was found in his possession, and he has been charged with criminal mischief, reckless endangerment, arson, criminal nuisance, endangering others, criminal trespass, criminal tampering and disorderly conduct.

Fox says it will rebuild the tree, which took more than 21 hours to assemble and consisted of 10,000 glass ornaments and 100,000 lights.

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending