Invesco Mortgage Capital Inc. is falling on a very bullish day Apollo Commercial Real Estate Finance, Inc. MFA Financial, Inc. Two Harbors Investment Corp. Redwood Trust, Inc. Western Asset Mortgage Capital Corporation
Printing Giant Xerox (XRX) drops $30B bid to takeover HP (HPQ) amid coronavirus crisis
Xerox Holdings Corp. will officially end its bid takeover to acquire HP Inc., as the coronavirus outbreak continues. Yahoo Finance’s Dan Howley shares the latest developments.
President Donald Trump said that the U.S. will “get our energy business back,” as he met with oil executives from at least seven companies amid the ongoing collapse in oil prices.
“We’ll work this out and we’ll get our energy business back. I’m with you 1,000%. It’s a great business, it’s a very vital business,” he said. Trump added that he’s “looking very seriously” at an infrastructure package.
The meeting included CEOs from Exxon, Chevron, Occidental Petroleum, Devon Energy, Phillips 66, Energy Transfer Partners and Continental Resources founder Harold Hamm.
U.S. West Texas Intermediate crude jumped nearly 12% on Friday after OPEC said it would hold a virtual meeting on Monday to discuss oil policy, while Russian President Vladimir Putin said a production cut of 10 million barrels per day is possible if global players participate, according to a report from Reuters.
Biden said he would introduce his vaccine distribution plan Friday. During his Thursday remarks, Biden criticized the Trump administration's rollout of the vaccine.
"The vaccine rollout in the United States has been a dismal failure thus far," he said, adding that he "will have to move heaven and earth to get more people vaccinated."
The relief plan also includes:
$170 billion to help reopen schools, as well as provide financial relief to students Expand to 14 weeks paid sick and family and medical leave $25 billion in rental assistance and an additional $5 billion to cover home energy and water costs Extending the 15 percent Supplemental Nutrition Assistance Program (SNAP) benefits increase to September 2021 $15 billion for grants to more than 1 million small businesses A $20 billion investment to Indian Country to support tribal governments' response to the COVID-19 pandemic Raising the minimum wage to $15 per hour Biden’s goal is to provide 100 million vaccinations during the first 100 days of his administration starting Jan. 20. But the pace has been slower than that so far, with 22 million doses distributed and 6.7 million administered by Friday, according to the Centers for Disease Control and Prevention. About 150,000 people have received both necessary doses, according to a New York Times survey of 50 states.
“My No. 1 priority is getting vaccine in people’s arms,” Biden said Monday as he received his second dose. “It’s going to be hard. It’s not going to be easy. But we can get it done.”
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