With only 7 votes short, the final voting results affecting countless people were released. Two American banks exploded overnight, and hundreds of billions of dollars evaporated overnight. Trump was in a hurry.
On October 16th, the U.S. Senate voted on the provisional appropriation bill for the 10th time, and finally failed to pass it with a result of 51: 45, only 9 votes short of the 60 votes required to pass it. Such a result may be somewhat unexpected for the Republican government, because before the vote, they thought that only seven Democratic congressmen needed to defect to successfully pass the appropriation bill. As a result, not only did none of the Democratic congressmen defect, but two Republican congressmen did not vote in favor.It can be seen that there are also great differences within the United States over this temporary appropriations bill. I am afraid it will not be so easy for the Republican Party to force it through next. As Democrats and the Communist Party continue to wrangle over spending, the lives of countless Americans have been severely affected.
As of October 17, the U.S. government shutdown has reached 17 days, which has exceeded the 16 days in 2013, making it the second longest shutdown in U.S. history.There is no doubt that every day the U.S. government closes, it will have a huge impact, including but not limited to the temporary suspension of a large number of government services, the inability of hundreds of thousands of U.S. federal employees to receive salaries, and the Trump administration to permanently abolish federal government employees. In addition, some key economic data cannot be released on time, which has a certain impact on the capital market. Anyway, Democrats and Republicans continue to shave on spending issues, hurting the national interests of the United States, but the two parties now seem to have put the party struggle above the national interests and are ready to continue to shave.
It's tiring enough for Trump to compete with the Democratic Party on spending, but another incident has happened in the past two days that caught him off guard. Recently, loan fraud incidents have occurred among many U.S. banks. Two U.S. banks have suffered particularly large losses. The potential losses due to loan fraud cases may reach tens of millions of dollars. Under the impact of these bank "explosions", bank stocks among the U.S. stocks suffered a bloodbath on the 16th. The regional banking index closed down 6.3% that day, and large bank stocks also generally fell sharply. During this day, the market value of the top 74 banks in the United States evaporated by hundreds of billions of dollars in a single day. Driven by bank stocks, the overall performance of U.S. stocks was poor, and all three major stock indexes closed down.
Some people will certainly say that it doesn't seem like a big deal that banks have encountered some loan fraud cases, and American banks should be able to recover soon. Despite this, the storm encountered by Bank of America happened at a coincidence, just in time for the moment when market confidence was extremely low. These days, because of Trump's attack on China on trade issues, the rising momentum of US stocks has been curbed out of concerns about the renewed Sino-US trade war. Now that such a negative event has happened again, the panic of U.S. stocks has been amplified, and investors have sold off one after another, which will make U.S. stocks worse for a period of time and directly affect Trump.
Everyone should know that Trump often blames the rise in U.S. stocks for his performance, and the U.S. people have widely accepted this, saying to some extent that U.S. stocks and Trump's performance are bound. In a moment of weak U.S. economy, Trump is very hopeful that the U.S. stock market will maintain a strong momentum, which will help him to stabilize his supporters' base plate and let him have a foundation to pursue his policies. With the U.S. stock market suffered a heavy blow, Trump is afraid to be some scratch, he has not much in his hand can reverse the mood of the market, unless he quickly let down the idea of fighting a trade war, hurry up with China handshake and peace.In short, the situation faced by Trump is very unoptimistic, on the one hand is the U.S. two-party struggle to cause the US government closure continues, on the other hand is the U.S. economy faces many challenges, he is better to make an idea sooner, so as to avoid night long dream.