This is what Biden gets wrong when it comes to taxes

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Hey there, Bullets Fans –

Your Morning Bullets Brief Updates are here! And that means trivia is, too.

What is something that Warren Buffett says when it comes to investing with long-term goals in mind?

Hint: It begins this way. “You can’t produce a baby in one month by….”

Think you know the answer? You can check it in the closing area down below!

Morning Bullets - The Top 5 Things You Need To Know

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The stock market was poised for additional gains this morning after a big day yesterday. Investors have been optimistic about the vaccine rollout in the U.S., and the continued stimulus talks.

Today the government issued its consumer spending report, which economists expect will reflect losses for November compared to increases in October.

And the Federal Reserve concludes its final meeting of 2020. Chairman Jerome Powell will hold a news conference after the policy statement is released this afternoon.

McConnell has said that lawmakers will not go home for Christmas until an additional stimulus deal is signed, “no matter how long it takes.”

But just how long will it take?  And what other news do you need to know this morning? 

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What does the perfect stock look like?

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Picture the perfect stock for a moment. (clicking link will opt you on to liberty through wealth free e-letter. Privacy Policy)

What would it look like?

No doubt it would have hundreds of billions in revenue – more than tech giants like IBM, Facebook and Google.

It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment. 

It would have tens of thousands of unbreakable patents.

It would pay an enormous dividend.

It would be on the verge of dozens of blockbuster announcements that would send the stock higher and higher.

And most of all…  

It would trade ultra-cheap – less than $3.

It seems crazy that such a stock exists. 

But it does.

 

This is what lawmakers mean when they say 'soon'

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Although congressional leaders appeared optimistic after a meeting that went late into the night yesterday, it remains unclear exactly when anything will actually happen when it comes to another stimulus package.

Yesterday, House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell, and Senate Minority Leader Chuck Schumer met to speed things along. Treasury Secretary Steven Mnuchin also called into the discussion.

When they left both McConnell and Schumer said an understanding would be reached “soon.”

But what exactly does that word mean after a stalemate that has already spanned several months? And what happens if no decision is made by Friday?

Market Movers & Predictions

Thanks for reading once again! And don’t worry, I didn’t forget:

Here’s where you can go to check your answer!

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Fredrick Frost

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