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Treasuries Shrug Off Strong July Jobs Report

South State Correspondent

Treasuries Shrug Off Strong July Jobs Report. Treasury prices are higher this morning as the downdraft created by the stronger-than-expected July employment report was short-lived. Another potential catalyst came and went with the passage by the Senate yesterday of the climate, healthcare, and tax bill. vs. June’s hot 1.3%

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US Senators Press For Cash Airline Refunds; Michigan To Provide Season Ticket Refunds

PYMNTS

The University of Michigan will give a complete refund to season ticket holders in case the college football season is called off because of the coronavirus crisis, All About Ann Arbor reported. .” Sports Tickets.

Michigan 142
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Democrats Propose Tax On Stocks, Bond, Derivative Deals

PYMNTS

In a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals. Peter DeFazio (D-OR) is spearheading the “Wall Street Tax Act of 2019” bill, with U.S. Alexandria Ocasio-Cortez (D-NY) as its lead co-sponsor, CNBC reported. 15), reported Bloomberg.

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Survey: US Consumer Sentiment Continues To Improve

PYMNTS

consumers feel better about the economy than they have in six months, according to the latest data released by the University of Michigan. The gains were mainly due to a more optimistic outlook for the national economy," Richard Curtin, a University of Michigan economist who oversees the survey, said in a prepared statement.

Survey 191
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Mnuchin, Powell Tell Congress US Economy Could Use More Stimulus

PYMNTS

House Democrats are continuing to push for a second round of $1,200 individual stimulus checks, CNBC reported. Al Green saying the payments "must be made because the rent must be paid,” CNBC reported. Rashida Tlaib of Michigan inquired of Mnuchin: “Yes or no, do you believe another stimulus check could help stabilize the economy?”

US 152
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Next Economic Stimulus Package Could Hit $1T

PYMNTS

The Trump administration anticipates a $1 trillion figure could be in the cards for the next round of stimulus funding, with an eye toward possibly including back-to-work incentives, liability protections and more, Bloomberg reported. And recent analyses have the economy taking until 2030 to start fully recovering.

Oklahoma 132
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Small Business Optimism Begins Its Downswing

PYMNTS

Reports in the Wall Street Journal on Tuesday (Jan. in December, its lowest level since late-2016, according to reports. “Over the past few months, owners’ expectations for the future have tempered, while reporting continued solid economic activity,” the NFIB stated, reports said. last August.

Michigan 168