White House Preparing Supplemental Funding Request To Submit To Congress That Includes Money For Israel, Ukraine, Taiwan And U.S. Border Security
Portfolio Pulse from Benzinga Newsdesk
The White House is preparing a supplemental funding request to submit to Congress, which includes money for Israel, Ukraine, Taiwan, and U.S. border security, according to Reuters citing NBC News.
October 11, 2023 | 5:25 pm
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NEUTRAL IMPACT
The supplemental funding request includes money for U.S. border security, which could potentially impact SPY.
The supplemental funding request by the White House includes money for U.S. border security. This could potentially have an impact on the overall U.S. market, which SPY, an ETF that tracks the S&P 500, represents. However, the direct impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The supplemental funding request includes money for Ukraine, which could potentially impact VGK.
The supplemental funding request by the White House includes money for Ukraine. This could potentially have an impact on the overall European market, which VGK, an ETF that tracks the performance of the European market, represents. However, the direct impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The supplemental funding request includes money for Israel, which could potentially benefit EIS.
The supplemental funding request by the White House includes money for Israel. This could potentially lead to increased investments in the country, which could benefit EIS, an ETF that tracks the performance of the Israeli market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The supplemental funding request includes money for Taiwan, which could potentially benefit EWT.
The supplemental funding request by the White House includes money for Taiwan. This could potentially lead to increased investments in the country, which could benefit EWT, an ETF that tracks the performance of the Taiwanese market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75