Photo: Alex Wong/Getty Images

Speaker Nancy Pelosi told CNBC's Jim Cramer Tuesday that there is "real optimism" that a coronavirus stimulus deal could come together "in the next few hours."

Driving the news: One "big change" in the negotiations that Pelosi highlighted was the fact that Senate Republicans and the Trump administration agreed to House Democrats' oversight language for the $500 billion fund designed to help impacted industries.

What she's saying: "This bill will be a trillion-dollar bill, which nobody even saw until Saturday. So while we all appreciate the urgency, it's a big responsibility to do it right and, where we can find shared values, to do that."

  • She said that her preference to get the bill passed would be via unanimous consent in the House — but noted that certain "poison pills" from Republicans could jeopardize that.

The other side: Senate Majority Leader Mitch McConnell echoed Pelosi's optimism on the Senate floor Tuesday, saying he believes negotiators are on the "five-yard line."

  • "It's taken a lot of noise and a lot of rhetoric to get us here. That, of course, sometimes happens in this town. ... Today we can make all of the Washington drama fade away. If we act today, what Americans will remember and what history will record is that the senate did the right thing.”

The big picture: The stock market responded positively to the current state of negotiations on Tuesday morning, jumping more than 5% at the market's open.

Go deeper

M&A activity falls despite early coronavirus fears

Illustration: Aïda Amer/Axios

In April, several prominent Democrats proposed a moratorium on large mergers and acquisitions. Their argument was that the pandemic would embolden the strong to pounce on the weak, thus reducing competition.

Fast forward: The moratorium never materialized. Nor did the M&A feeding frenzy.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

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Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.