Stocks Bounce Up After White House Says It’s Open To Stimulus After All

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Traders gather on the New York Stock Exchange trading floor on Sept. 30. Major U.S. stock indexes rose Wednesday after President Trump said he’d be willing to consider economic stimulus measures after earlier calling off talks with lawmakers.

Courtney Crow/AP

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Courtney Crow/AP

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White House Touts Individual Bills After Trump Tweets Ends Talks With Congress

White House chief of staff Mark Meadows said Wednesday morning that Trump wrote the tweet after talking to Senate Majority Leader Mitch McConnell and House Republican Leader Mark Meadows about the lack of progress in talks with House Democrats.

Trump believes it was «better to be transparent with Americans about the likelihood of an aid bill passing, Meadows said on Fox News.

Live Updates: Trump Tests Positive For Coronavirus
Trump Halts Coronavirus Relief Talks Until After The Election

Meadows said he was not optimistic about a comprehensive stimulus bill. House Speaker Nancy Pelosi is insisting on as much as $2.4 trillion in aid, which he called «incredibly high numbers, while Republicans have offered a $1.6 trillion plan.

But Meadows indicated that he and Treasury Secretary Steven Mnuchin are discussing bills to provide aid in stand-alone bills to businesses hit by the pandemic.

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Fed’s Jerome Powell Calls For More Economic Aid, Warning ‘Weakness Feeds On Weakness’

Airlines have seen their passenger traffic plummet since the pandemic lockdowns began. With stimulus talks stalled, airlines have announced they are furloughing thousands of employees.