|

US House of Representatives sets two hours of debate on coronavirus aid bill Friday beginning at 1300 GMT

House Officials, according go to Reuters News have stated that the US House of Representatives will set two hours of debate on coronavirus aid bill Friday beginning at 1300 GMT.

Key notes

  • The Coronavirus bill may not be able to pass by voice vote, according to House majority leader's office.
  • Unclear on timing of next step such as roll-call vote.
  • House majority leader’s office: COVID-19 bill may not be able to pass by voice vote, unclear on timing of next step such as roll-call vote.

Reuters News explained that it was not clear whether the measure would be able to pass on a voice vote, according to the House Majority Leader's office said late on Thursday.

While most House members are in their home districts because of the coronavirus outbreak, those able and willing to travel to Washington for a vote should arrive by 10 a.m. (1400 GMT), according to the House advisory.

There have been discussions of a possible roll-call vote if a voice vote is blocked by dissenters.

Market implications

The US stock market took-off to the moon on Thursday, as investors bank on continued stimulus following shocking jobless claims report – stimulus is the market's driver. More on that here: Wall Street Close: US benchmarks were rallying hard on Thursday, cheering stimulus 

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

EUR/USD tumbles below 1.1800 as Middle East turmoil drives US Dollar demand

The EUR/USD pair falls to near 1.1770 during the early Asian session on Monday, pressured by a renewed US Dollar demand. The Greenback gathers strength against the Euro as the conflict across the Middle East is heightening traders' anxiety, boosting the safe-haven currencies. 

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold seen through the roof as US, Israel and Iran war enters day 3

Gold is set for a huge bullish opening gap in Asian trading on Monday, with a flight to safety rush likely to sponsor the upsurge after the US and Israel struck Iran with heavy bombings over the weekend. More geopolitical headlines surrounding the Middle East conflict and Oil price movement remain in focus. 

Iran escalation: Quick thoughts on markets

Markets are likely to open the week with risk-off, with declines led by airlines, cyclicals and trade-exposed names, while energy, defense and “strategic” sectors may be relatively steadier.

Oil at a critical breakpoint: Will geopolitics trigger the next major move?

The week ahead blends two powerful forces: moderating economic momentum and increasing geopolitical tension. While US and Eurozone data suggest steady but unspectacular growth, rising friction between the US and Iran is injecting a fresh risk premium into energy markets. Macro is softening but geopolitics may dominate price action.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.