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March 29, 2020

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The US economy has come to a standstill, satellite imagery shows

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by CNBC07
CNBC – For more and to sign up click here American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with......
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Trump pushes back against congressional oversight for $500 billion bailout fund

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by CNBC06
CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin and President Donald Trump attend briefing about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC. The Trump administration is considering an $850 billion stimulus package......
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Fiorina says big companies haven’t ‘earned’ coronavirus relief

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by CNBC01
CNBC – For more and to sign up click here Former Hewlett Packard CEO Carly Fiorina criticized the coronavirus relief package passed by Congress and signed by President Donald Trump on Friday, saying that the bill was too generous to large companies.  “It’s the $500 billion of corporate bailout that......
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Stocks ease after 3-day rally

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by CNBC02
CNBC – For more and to sign up click here A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters Dow Jones Industrial Average falls 915 points The Dow closed 915.39 points lower,......
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5 things to know before the stock market opens March 26, 2020

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by CNBC05
CNBC – For more and to sign up click here 1. Dow points to a lower open after first back-to-back gains since February A man walks by the Wall Street subway sign on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures......
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Futures flat as investors wait on Congress to pass stimulus bill

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by CNBC07
CNBC – For more and to sign up click here U.S. stock futures were flat in early trading Wednesday night as markets tried to build on recent strength in the Dow Jones Industrial Average and S&P 500. The two indexes have just posted their first back-to-back gains since February. Fueling......
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Boeing plans 737 Max production restart by May, sources say

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by CNBC01
CNBC – For more and to sign up click here Boeing 737 MAX airplanes are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing plans to restart 737 Max production by May, ending a months-long halt triggered by a safety......
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Dow futures up 900, ‘limit up,’ hope for a stimulus deal

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by CNBC09
CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images All eyes are on Congress to pass a much-needed stimulus......
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Boeing plans two-week shutdown of factories in Seattle area

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by CNBC05
CNBC – For more and to sign up click here In this Monday, Dec. 16, 2019, file photo, a Boeing worker walks in view of a 737 MAX jet in Renton, Wash. Elaine Thompson | AP Boeing on Monday said it is shutting down production at its factories in the Seattle......
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Talks on Senate stimulus bill continue, vote pushed to noon

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by CNBC014
CNBC – For more and to sign up click here Steven Mnuchin, U.S. Treasury secretary, center, walks through the U.S. Capitol in Washington, D.C., U.S., on Monday, March 23, 2020. Al Drago | Bloomberg | Getty Images Democrats and Republicans on Monday continued negotiations over a massive stimulus funding package......
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Congress struggles to reach a deal

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by CNBC011
CNBC – For more and to sign up click here Talks between Democrats and Republicans for a massive funding package to combat the impact of coronavirus have stalled, as lawmakers spar over issues like worker protections and funding for states battling the crisis. “From my standpoint, we’re apart,” House Speaker Pelosi,......
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$1 trillion rescue package might not be enough for businesses

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by CNBC014
CNBC – For more and to sign up click here (L-R) Senate Majority Leader Mitch McConnell, Secretary of Treasury Steven Mnuchin, and Senate Minority Leader Chuck Schumer hold a meeting to discuss a potential economic bill in response to the coronavirus, COVID-19, in Washington, DC, on March 20, 2019. Saul......
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Investor who made it through ’87 crash gives optimistic case for the stock market right now

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by CNBC014
CNBC – For more and to sign up click here A trader reacts during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Photo by Johannes Eisele | AFP | Getty Images We are all exhausted and depressed,......
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Boeing suspends dividend, CEO foregoes pay after virus-related aid request

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by CNBC05
CNBC – For more and to sign up click here A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. REUTERS/Matt Mills McKnight Boeing will cancel CEO pay, suspend its dividend and extend a pause on share......
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Former UN ambassador Haley resigns from Boeing board, opposing government aid

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by CNBC06
CNBC – For more and to sign up click here Then South Carolina Gov. Nikki Haley speaks during the dedication of Boeing Co.’s $750 million final assembly plant in North Charleston, S.C. on Friday, June 10, 2011. Bruce Smith | AP Former U.N. Ambassador Nikki Haley stepped down from Boeing‘s......
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What happened to the stock market Wednesday: Stocks dive again

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by CNBC013
CNBC – For more and to sign up click here Traders work on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters Dow Jones Industrial Average drops 1,338 points The Dow dropped 1,338.46 points, or 6.30%, to close at......
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Status of $1 trillion Trump stimulus package

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by CNBC087
CNBC – For more and to sign up click here The White House and Congress are scrambling to hash out the details of a massive stimulus package to help a U.S. economy increasingly damaged by the coronavirus pandemic. There had been hope on Capitol Hill that Congress could pass a......
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Banks nearly took down the economy in 2008. Now the industry

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by CNBC011
CNBC – For more and to sign up click here Brendan McDermid | Reuters Investors glued to their screens as stocks tumble day after day. Central banks around the world injecting trillions of dollars into the financial system. Talk of bailing out out entire industries. For people who have been......
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Trump’s Europe travel ban is another blow to airlines

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by CNBC09
CNBC – For more and to sign up click here People walk through a sparse international departure terminal at John F. Kennedy Airport (JFK) as concern over the coronavirus grows on March 7, 2020 in New York City. Spencer Platt | Getty Images President Donald Trump issued sweeping travel restrictions on......
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Futures are steady Wednesday night after Dow closes in bear market. Traders await Trump

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by CNBC023
CNBC – For more and to sign up click here Traders work before the closing bell at the New York Stock Exchange (NYSE) on February 28, 2020. Johannes Eisele | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes were higher on Wednesday night after the......
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