Financial Review

After the Deluge

Informações:

Synopsis

…Spending bill passes. Wall Street looks past trade war but the devil is in the supply chain. Current account deficit drops. Housing starts rise. Global poverty drops. Tilray flies high. Visa, MC to pay $6 bill for swiping. Hurricane costs. Puerto Rico one year after Maria. Financial Review by Sinclair Noe for 09-19-2018 DOW + 158 = 26,405 SPX + 3 = 2907 NAS – 6 = 7950 RUT – 8 = 1702 10 Y + .04 = 3.08 OIL + 1.32 = 71.17 GOLD + 5.80 = 1204.70   The Senate has approved an $854 billion spending bill, which also includes a short-term stopgap bill to fund the rest of the government through Dec. 7 and prevent a shutdown that would start Oct. 1. It’s the first time the Senate has approved funding for Labor, HHS or Education outside an omnibus bill since 2007. Despite containing only two appropriations bills, the package represents roughly two-thirds of Congress’s 2019 spending. Of the $854 billion, $785 billion fell under agreed-upon budget caps, and the rest came from off-budget funds such as Overseas Contingency O