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Economy

DEVELOPING: Stocks Surge After New Fed Loans, On Track for Best Week Since 1938

posted by Hannity Staff - 4.09.20

The United States stock market rebounded in recent days after one of the worst months in American history; posting big gains and putting the Dow Jones and other indexes on track for the best week since 1938.

From Fox Business:

U.S. equity markets rallied Thursday after the Federal Reserve’s plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims.

The Fed’s initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic. Traders were also awaiting the outcome of a virtual meeting between Russia, Saudi Arabia and other key oil players on curbing output to boost prices that cratered amid a price war.

The Dow Jones Industrial Average rose as many as 285 points, or 1.22 percent, putting the index on track for its best week since 1938 as markets are closed Friday in observance of Good Friday. The S&P 500 and Nasdaq Composite were higher by 1.21 percent and 0.38 percent, respectively.

Read the full report here.

'SICKENING': Backlash Grows Against Denver Democrat Who Supported Spreading Coronavirus at MAGA Rallies

posted by Hannity Staff - 3.03.20

Denver’s Democratic Councilwoman Candi CdeBaca is facing a growing backlash on social media this week after calling for those sick with the deadly Coronavirus to intentionally spread the disease at ‘Make America Great Again’ rallies.

“Democrat Denver Councilwoman Candi CdeBaca says that she stands in ‘solidarity’ with someone who says that they if they get the coronavirus that they will attend as many Trump rallies as possible She appears to have made the statement on her government Twitter account,” posted a reporter with the Daily Wire.

 

“These people are sick,” posted Donald Trump Jr.

“This elected Democrat in Colorado doesn’t seem very nice!” the Trump campaign War Room Twitter account posted in response.

Read the full report here.

Source: Fox News

A NEW LOW: MSNBC Analyst Claims Trump’s Coronavirus Response Constitutes ‘Involuntary Manslaughter’

posted by Hannity Staff - 4.07.20

MSNBC Legal Analyst Glenn Kirschner left millions of users on social media scratching their heads this week; baselessly asserting President Trump’s Coronavirus response could be prosecuted for “involuntary manslaughter.”

“Trump’s conduct easily satisfies all 3 elements of involuntary manslaughter. In fact, his gross negligence is beginning to look more like conduct evincing a ‘conscious disregard of an extreme risk of death/serious bodily injury = the standard for depraved heart/2nd degree murder,’” he posted on Twitter.

 

Ohio Democratic State Rep. Tavia Galonski took her party’s war against the White House to a new level this week; saying the President should be charged for “crimes against humanity” over his Coronavirus press briefings.

“I can’t take it anymore. I’ve been to The Hague. I’m making a referral for crimes against humanity tomorrow. Today’s press conference was the last straw. I know the need for a prosecution referral when I see one,” posted the legislator on social media.

 

“State Rep. Tavia Galonski tweeted Sunday after President Trump spoke about hydroxychloroquine at his daily press briefing. The drug, normally used to treat malaria, is one of several that the president has pointed to as showing promise in the fight against COVID-19, but its effectiveness has been a subject of debate,” reports Fox News.

Read the full report here.

Source: Fox News

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