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arly this morning we got word from Congress that a deal was reached between the Trump Administration, Republicans and Democrats in the Senate on a 2 trillion dollar stimulus package to the economy. All details are still not available but from what we know:

1200 dollar checks for individuals making 75000$ or less a year, with 500$ for every child

Relive for Airlines, Aerospace, Hotels, Cruise lines and every other affected part of the Economy

Help for small business

Unemployment benefits from the Government for up to 4 months

450 billion dollars that can be leveraged with the Fed for an additional 4 billion dollars if needed.

There is much more in the bill, but there is no question it will be a giant injection for the economy. That being said the outbreak is still at large, spreading rapidly all over the World. Last night India put its 1.3 billion people in a strict lock down for 1 month. Cases are rising in all European countries, with Italy and Spain leading the way, but the UK got its biggest new cases numbers, with Prince Charles the hair to the throne testing positive.

As all the stock markets reacts to all of this news, Asia started very strong Chinese stocks up around 2 to 3%, South Korea was up 6% and Japan lead the way, with their NIKKEI up 8%.

European stocks started high, but lost most of their gains, all hovering around neutral, with the German DAX negative at this time (8 30 AM ET).

The US futures followed these movements, riding on the Asian positive wave, with thee futures up over 3% at one point in the night. After the news hit about the stimulus package being agreed upon, all major futures started going down very rapidly. At this time the S&P and NASDAQ are down around 1%, while the Dow is slightly positive, up 0.5% on a surging Boeing, up another 15% in the pre-market.

I am very glad about Boeing since I wrote last Tuesday that Boeing (147$ in the pre-market) was a great company to buy since this Government help was more than likely (their stock price was 103$ when I wrote my article).