Mnuchin: Starting with another trillion dollars in next stimulus

Treasury Secretary Mnuchin speaking on the next stimulus package

Treasury Secretary Mnuchin is speaking on the next stimulus package ideas:

• starting with another trillion dollars in next stimulus
• Both he and Meadows will be at GOP lunch tomorrow
• He and Meadows will reach out to Democrats
• need a technical fix on unemployment
• administration will pursue tax credits to incentivize businesses to bring people back to work

The number is a little on the low side. The range of estimates was looking for something between $1 and $2 trillion.

The news is not slowing down the NASDAQ index at least. It remains near its high level of 10636.34. It is currently trading at 10635, up 132 points or 1.26%. The S&P index is up around 10 points or 0.31% at 3234.94. That is still above the closing level from 2019 at 3230.78. The Dow industrial average lags with a decline of -50 points or -0.19% at 26619.