threaten the world s security and prosperity, in an exclusive interview with the bbc. we start in the us where, as you ve been hearing, president biden has been giving his first televised address since taking office. before that though, he signed a record breaking $1.9 trillion economic rescue package for the us into law, after it passed its final vote in congress on wednesday. the first direct payments of $1,400, which will benefit most americans, are expected to start arriving over the weekend. there s also bailout money for state and local governments and an increase in child and unemployment benefit, as welll as more funding for vaccination. the plan was unanimously opposed by house republicans, critics say it goes way beyond what s needed to tackle the pandemic fallout, and risks stoking inflation. so what are the long term implications? ed stringham is economics professor at trinity college in hartford, connecticut, and president of american institute for economic resea
Weak so far. The dow and s p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. In morngs ding dow futures up b5 points, s p up by 3, and the nasdaq up by 6 overnight in asia, the nikkei ended up just slightly. Up by 27 points. The hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0. 3 the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. Also look at crude oil prices. Crude jumping on wednesday by 2. 1 , setting a 2. 5year high. It was sitting at 58. 02. This morning were up again, 63 cents higher to 58. 65. A couple of corporate stories were watching Teva Pharmaceuticals will lay off thousands of employees in israel and the United States they will be reportedly sending termination letters to 10 of its 10,000 employees earlier this month we heard teva said it wou