President Trump’s call to halt negotiations

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President Trump’s call to halt negotiations

614 ET – President Trump’s call to halt negotiations on further stimulus weakened stocks, yields and the currency, as investors grappled with increased uncertainty, Spartan Capital’s Peter Cardillo tells WSJ. “If he goes ahead, it’s going to be negative, but if he changes his mind, which there’s a good possibility of, that uncertainty factor will lessen.” Cardillo notes that earlier today Fed Chairman Powell again called for federal stimulus to boost a sputtering economic recovery. “If we don’t get stimulus, the economy will probably head for a double-dip recession…you’re gonna see increasing layoffs,” Cardillo said.