Headlines discussed at LNWM’s Monday morning briefing:
— The U.S. Congress is set to approve nearly $900 billion in Covid-19 aid, after $2.3 trillion in March, as part of a $1.4 trillion spending bill to fund the federal gov’t through Sept. 2021.
— Major European countries banned travel from a locked-down U.K. on concerns about a more contagious strain of Covid-19 still being researched.
— The FDA approved a second Covid-19 vaccine, this one by Moderna; distribution began Sunday, Dec. 20.
— U.S. retail sales fell 1.1% in Nov. after a 0.1% decline in Oct., amid falling household income and raging Covid-19 infections.
— The Federal Reserve loosened restrictions on bank stock buybacks; limited to average net income over 4 latest quarters.
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