Headlines discussed at LNWM’s Monday morning briefing:
— A bipartisan group of U.S. lawmakers proposed $908 billion in new Covid-19 relief spending, including aid for state and local governments.
— The U.S. economy created 245,000 new jobs in Nov. (down from 610,000 in Oct.), the 5th straight month of slowing job growth.
— Roughly 20 million Americans are collecting some type of jobless benefits vs. 1.6 million a year ago; the official U.S. unemployment rate fell to 6.7%
— U.S. construction spending (public and private) rebounded by 1.3% in October and is up close to 4% from this time last year, on demand for housing, transport.
— France threatened to veto final Brexit deal on fishing concerns; all 27 Eurozone governments must approve deal before Dec. 31; otherwise no-deal Brexit occurs.
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