The official transition to a new administration and early Cabinet selections helped drive Wall Street to new highs on Tuesday, with the Dow topping 30,000 for the first time and the S&P 500 up 1.6% to another new high, too....more
As we thought, stocks rallied on Monday thanks to Moderna’s news of promising results for its Covid-19 vaccine, with the Dow and S&P 500 hitting new record highs....more
In Washington: Congressional leaders will soon name the chair of the coronavirus oversight commission, which was created by the CARES Act to increase transparency and oversight of the coronavirus relief funds. Retired...more
In Washington: Democrats are pushing to add funding in response to the COVID-19 pandemic and policy changes affecting police departments in next year’s appropriations bills, threatening to further push back the...more
In Washington: The House will now require masks during committee hearings, per new guidance issued by the Capitol physician last night. Speaker Nancy Pelosi (D-CA) had discussed the idea with Democrats during a conference...more
In Washington - The Centers for Disease Control and Prevention (CDC) urged organizers of large gatherings that involve shouting, chanting, or singing to “strongly encourage” attendees to use cloth face coverings to lower...more
In Washington - Senate lawmakers are now saying they won’t pass another coronavirus relief package before the August recess. Previously, members said they were aiming to have something finalized for the 4 July recess but...more