Here is the latest on the new stimulus package

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 According to Warren Buffett, what is investing rule number one?

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5 things to know before the stock market opens today

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The stock market was set for massive declines to start the holiday week, as news about the mutated virus in the U.K. weighed on investors. The development was enough to erase any optimism about the newly approved stimulus package and the emergency approval of Moderna’s vaccine.

The Dow Jones Industrial Average was slated for a 400-point loss.

However, experts believe that the vaccines that are already available should also work against the newest variant of the virus.

And the $900 billion relief package (more on that, below) is up for a vote today.

Moderna’s drug will be distributed to over 3,700 places all over the country. And Joe Biden will receive his vaccine on television today.

“I don’t want to get ahead of the line, but I want to make sure we demonstrate to the American people that it is safe to take,” he said.

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Here is the latest on the new stimulus package

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Congress finally reached compromise on another stimulus relief package, after a months-long impasse, narrowly avoiding a government shutdown right before the deadline. Yesterday they agreed on a $900 billion deal, which should be passed today.

“At long last, we have the bipartisan breakthrough the country has needed,” said Senate Majority Leader Mitch McConnell.

Meanwhile, Joe Biden said in a statement, “Immediately, starting in the new year, Congress will need to get to work on support for our [virus] plan, for support to struggling families, and investments in jobs and economic recovery. There will be no time to waste.”

What, exactly, do we know about the proposed deal so far, and what benefits can you expect going forward?

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