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Stock impact report

Congress and administration race to make stimulus deal as Trump defends coronavirus response [Los Angeles Times (CA)]

Hanesbrands Inc. (HBI) 
Last hanesbrands inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.hanesbrands.com
Administration and congressional leaders raced on Saturday to reach agreement on a more than $1-trillion stimulus plan for an economy reeling from pandemic-related closures and job losses, as Vice President Mike Pence and his wife tested negative for the coronavirus after a member of his White House staff proved to be infected. President Trump said at a White House briefing that the negotiators were “working hard” to reach a deal to stem the economic hemorrhaging as the country has nearly shut down to prevent the spread of the virus. Stock markets Friday ended their worst week since 2008 and analysts predict that next week’s unemployment claims could set a record. “I think we’re getting close,” Trump told reporters. In anticipation, the Senate scheduled votes on Sunday to take the first legislative steps to approve a stimulus plan. The price tag likely would exceed $1 trillion; when combined with actions from the Federal Reserve, the stimulus could reach double that, Trump economic ad Show less Read more
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