About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg QuickTake: Now published this video item, entitled “Pelosi Hopes Market Rout Pushes Trump Into a Covid-19 Stimulus Deal” – below is their description.
House Speaker Nancy Pelosi said it’s still possible to get a deal on fiscal stimulus with the Trump administration after the election, but before the start of the new congressional and White House terms in January. “Well I think so,” Pelosi said in a Bloomberg Television interview Thursday when asked if an agreement on Covid-19 relief could be reached in the so-called lame-duck session of Congress. “I hoped we could at least have an agreement before the election, but they have not ever responded.” The speaker earlier Thursday listed seven major areas of disagreement in a letter to Treasury Secretary Steven Mnuchin regarding issues on which Democrats are awaiting responses from the administration. “We don’t expect them all to be in our favor” when the White House does respond, Pelosi said in the interview. President Donald Trump, meantime, repeated his accusation that Pelosi is stalling before the election. His top economic adviser, Larry Kudlow, said on Fox News, “Our team now believes that the speaker has no intention of compromising on key issues.” The seven areas Pelosi listed in her letter are a national virus testing-and-tracing program; funding for state and local governments; school safety measures; child-care funding; tax credits for working families; unemployment insurance; and workplace protections and liability issues. Pelosi also said that a strong bounce-back in U.S. growth in the third quarter, reported Thursday, showcased the impact of a stimulus package approved in March. “That’s going to wear off, and we need another infusion,” she said in the interview. Kudlow had a different take, saying that the 32% annualized jump in gross domestic product — after a 33.1% drop in the April-through-June quarter — showed a v-shaped recovery that wasn’t dependent on another giant stimulus package. Even so, Trump reiterated his own call for a bill even bigger than the $2.4 trillion favored by the speaker. “But Nancy Pelosi does not want to do it,” he said in a podcast with Jon Taffer. Trump said he’ll push for “a very big package as soon as the election’s over.” Trump’s push has long been rebuffed by many Senate Republicans, however, who have preferred more targeted assistance. When asked if Democrats would accept a smaller relief bill in the lame-duck session, Pelosi said at a press briefing earlier that “we’re not talking size, we’re talking quality.” She said Democrats wouldn’t accept a small bill with “the bulk of it pouring onto the rich people of America.” With the Dow Jones Industrial Average down roughly 1,900 points the past few sessions, the market is responding to the renewed spread of the coronavirus, without Washington having injected the resources necessary to deal with it, Pelosi said. Stocks recouped some of their losses from the past three sessions on Thursday, with the Dow up 0.5% and the S&P 500 Index gaining 1.2% as of 1:39 p.m. Pelosi also said that she expects Joe Biden to win the presidency next week, and there should be an initiative to craft a broad economic recovery plan in the run-up to his taking office, just as Democrats did after Barack Obama’s November 2008 victory. “We will have to do something like that from the start,” Pelosi said in the interview.Bloomberg QuickTake: Now YouTube Channel
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
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In This Story: Donald Trump
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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In This Story: Joe Biden
Joe Biden is an American politician who served as the 47th vice president of the United States from 2009 to 2017. A member of the Democratic Party, he served as a United States Senator for Delaware from 1973 to 2009.
Biden is the Democratic presidential nominee for the 2020 election, running against the incumbent, Donald Trump.
On August 11, 2020, Biden announced U.S. Senator Kamala Harris as his running mate in the 2020 presidential election.
Books by Joe Biden #Ad
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In This Story: Nancy Pelosi
Nancy Patricia Pelosi is an American politician serving as a congresswoman from California and the speaker of the United States House of Representatives. A member of the Democratic Party, Pelosi is the only woman in U.S. history to serve as Speaker and the highest-ranking female elected official in United States history. She is also the dean of California’s congressional delegation. As House speaker, Pelosi is second in the presidential line of succession, after the vice president.
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In This Story: S&P
S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. One division of the business, S&P Global Ratings, is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.