“It’s still all about stimulus at this point: we’re seeing markets move on optimism that some kind of package is going to get done,” Esty Dwek, head of global market strategy at Natixis Investment Managers, told the Wall Street Journal’s Anna Hirtenstein and Ben Eisen.
At the same time, the political mood was trending in the opposite direction. Treasury Secretary Steven Mnuchin, President Trump’s lead negotiator, told House Speaker Nancy Pelosi (D-Calif.) that the president wanted to pursue a comprehensive package, a Pelosi spokesman said, according to Erica Werner and Jeff Stein. Yet as Mnuchin made the assertion to Pelosi on a phone call, White House spokeswoman Alyssa Farah told reporters that Trump wanted a “skinny” bill, only extending aid to airlines, forgivable loans to small businesses and another round of stimulus checks to individuals.
“We’ve made very clear we want a skinny package,” Farah said.
In fact, Trump has