Biden Expected To Sign Migration Executive Order Early Next Week; Biden's Order Likely To Shut Off Asylum Requests And Deny Entrance To Migrants Once Daily Threshold Exceeded
Portfolio Pulse from Benzinga Newsdesk
President Biden is expected to sign an executive order early next week that will shut off asylum requests and deny entrance to migrants once a daily threshold is exceeded, according to Reuters citing sources.
May 30, 2024 | 7:14 pm
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NEUTRAL IMPACT
The executive order on migration by President Biden could have indirect effects on the broader market, as represented by SPY, due to potential changes in labor market dynamics and economic sentiment.
While the executive order directly pertains to migration policy, it could indirectly influence the broader market by affecting labor market dynamics and overall economic sentiment. However, the immediate impact on SPY is likely to be neutral as the market digests the news.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20