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Trump talks up economic progress, after Harris-Pence debate focused on job losses

Trump talks up economic progress, after Harris-Pence debate focused on job losses

President Donald Trump quickly put the economic focus back on himself Thursday morning, after Wednesday night’s vice presidential debate, which covered more economic issues than his barb-trading battle with Democratic candidate Joe Biden.

“Our numbers are going to be great, our numbers for the third quarter are going to be through the roof, retail sales, employment, all of these numbers are going to be great,” Trump told Fox Business Network in a phone-in interview.

The president said he had shut down stimulus talks because both sides were haggling over terms and “it wasn’t going anywhere,” he said. “I don’t want to play games. And then we reopened, and I see the markets are doing well but I think we have a really good chance of doing something.”

Wednesday’s debate brought a more civil tone atop simmering tensions between the two candidates and covered, albeit briefly in the two-minute response allotment, more economic issues.

With permanent layoffs rising and recovery slowing, money is very much on the mind for many households.

“The American economy — the American comeback — is on the ballot,” Vice President Mike Pence said.

Sen. Kamala Harris, D-Calif., made it clear that economic recovery can’t happen without organized coronavirus relief and response, said John Hudak, senior fellow for governance studies at The Brookings Institution, a left-leaning think tank.

Pence came out to make the “tough argument” that he and President Trump will rebuild the economy back to where it was before Covid-19, Hudak said. But that line of discussion is challenging to uphold because part of that recovery is predicated on further relief — which is currently in limbo after Trump called off stimulus talks.

“Both tickets have weaknesses on the economy and opposing candidates worked to exploit those,” Hudak said.

Conservative economists praised Pence’s performance on

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Dow rises 161 points as economic-stimulus talks show progress

Dow rises 161 points as economic-stimulus talks show progress



a man standing in front of a computer: Xinhua/Wang Ying/ Getty Images


© Xinhua/Wang Ying/ Getty Images
Xinhua/Wang Ying/ Getty Images

  • US stocks moved higher Friday on continued hope that negotiations on fiscal stimulus will lead to a deal before the election.
  • House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued negotiations, trying to find middle ground on the size and scope of a new deal.
  • President Donald Trump this week reversed his stance on a stimulus deal and said he now favors a large deal.
  • “Covid Relief Negotiations are moving along,” Trump tweeted on Friday. “Go Big!”
  • Watch major indexes update live here.

US stocks moved higher on Friday as negotiations continued on another round of fiscal stimulus to combat the economic decline caused by the COVID-19 pandemic.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin had been trying to make a deal before the November election, but President Donald Trump said earlier this week that negotiations were over.

Fast-forward to Friday, and the talks are back on.

“Covid Relief Negotiations are moving along,” Trump tweeted on Friday. “Go Big!”

Here’s where US indexes stood at the 4 p.m. ET market close on Friday:

Read more: Fund manager Brandon Nelson is tripling his benchmark in 2020 with ‘less-discovered’ companies that become big winners. Here are 3 themes and 9 stocks he’s betting on.

Senate Majority Leader Mitch McConnell said on Friday morning that a stimulus deal before the election was unlikely. But shortly after McConnell spoke, the White House economic advisor Larry Kudlow said Trump had raised his offer to a $1.8 trillion deal from $1.6 trillion. House Democrats recently passed a $2.2 trillion bill.

“I would like to see a bigger stimulus package, frankly, than either the Democrats or the Republicans are offering,” Trump said in a radio interview with Rush Limbaugh on Friday.

Video: White House

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No Progress in Kyrgyz Impasse as Businesses Warn of Economic Damage | World News

No Progress in Kyrgyz Impasse as Businesses Warn of Economic Damage | World News

BISHKEK (Reuters) – Kyrgyzstan’s parliament has failed to gather a quorum in an overnight session, deputies said on Thursday, leaving the Central Asian nation in a power vacuum as rival groups tried to claim power after ousting the cabinet.

The former Soviet republic, which borders China and hosts a Russian military airbase, has been gripped by unrest since thousands of people protesting against the results of a parliamentary election seized government buildings on Tuesday.

Three opposition groups have each proposed their candidates for interim prime minister who would need to oversee a repeat vote in the coming months, Kyrgyz news website Akipress quoted deputy Ryskeldi Mombekov as saying.

In addition to Sadyr Zhaparov and Tilek Toktogaziyev who have already made their ambitions clear this week, Mombekov said Omurbek Babanov, who has already served as the cabinet head, has also emerged as a contender.

But the outgoing parliament has itself split into two groups which were meeting separately outside the headquarters ransacked by protesters, Mombekov said, and the group that met overnight in a hotel only included 40 MPs, whereas major decisions such as naming a cabinet require a 61-vote majority.

Another MP, Elvira Surabaldieva, posted a video from the meeting online, saying it had failed to pass a motion to impeach President Sooronbai Jeenbekov.

Meanwhile, Kyrgyzstan’s central bank allowed local financial institutions, closed since Tuesday, to reopen on Thursday as Kyrgyz business associations warned the nation of 6.5 million could face food shortages if banks and tax offices remained shut and public safety could not be guaranteed.

Sunday’s election handed the victory to two establishment parties, one of them closely linked to President Jeenbekov. Eleven other parties refused to accept the results and the central election commission annulled them on Tuesday as it became clear Jeenbekov was losing his grip

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