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Added on the 08/04/2020 16:46:28 - Copyright : AFPTV - First images
The US equity indexes closed at record highs on Thursday. Analysts look to the Democrats' victories in the Georgia Senate runoffs as a factor in the surge. Experts say the dual victories in the Georgia Senate runoffs pave the way for sweeping fiscal support in early 2021. The S&P 500 was up 1.5% at 3,803.79. The Dow Jones industrial average closed 212 points higher at 31,041.13, up 0.7%. While the Nasdaq composite saw an uptick of 2.6% at 13,067.48.
Getty Images US stocks extended losses into Monday's close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in reaching a compromise remain. Even if an agreement is reached, the bill is set to die in the Senate as Republicans push a $500 billion measure. The US notched its fifth-straight day of more than 50,000 new cases, reviving fears of new lockdowns and a hit to economic recovery.
At a press conference, WHO's Tedros Adhanom Ghebreyesus says "we continue to see misinformation on social media and mainstream media about the pandemic accord that countries are now negotiating". Earlier on Twitter, Elon Musk wrote "countries should not cede authority to WHO". Without naming the South African billionaire directly, the WHO chief says "the claim that the accord will cede power to WHO is quite simply false. It's fake news". SOUNDBITE
IMF chief Kristalina Georgieva warns that if central banks move too aggressively to tamp down price pressures, it could trigger a "prolonged" economic downturn. SOUNDBITE
IMF chief Kristalina Georgieva warns the global recession risks are rising and urges policy action "to regroup and to rethink how can we adopt a more proactive precautionary mindset that we had in the past." SOUNDBITE
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