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Stock impact report

Trump Slammed For ‘Xenonophic Scapegoating’ After Proposing U.S. Immigration Ban [Forbes]

ViacomCBS Inc. - Class A (VIACA) 
Company Research Source: Forbes
TOPLINEPresident Donald Trump tweeted on Monday that he will pass an executive order to suspend temporarily immigration to the United States, claiming that he is seeking to protect jobs in the midst of the coronavirus crisis, but Democrats criticized it as a “dumb move” and pointed to testing as a safe way to reopen the economy.President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the... [+]White House, Monday, April 20, 2020, in Washington. (AP Photo/Alex Brandon)ASSOCIATED PRESSKEY FACTSTrump tweeted: “In light of the attack from the Invisible Enemy, as well as the need to protect the jobs of our GREAT American Citizens, I will be signing an Executive Order to temporarily suspend immigration into the United States!”At least 22 million people registered for unemployment benefits across the U.S. over the past month, as social distancing measures have shuttered many businesses classed as non-essential and led to recordjob lossesTrump has been kee Show less Read more
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