Coronavirus market plunge is 'tip of the iceberg', US Democratic presidential candidate Warren warns

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WASHINGTON (BLOOMBERG) - Democratic presidential candidate Elizabeth Warren said the 1,800-point plunge in the stock markets this week is only the 'tip of the iceberg' of a growing economic threat from coronavirus and accused the Trump administration of 'bungling' its response to the outbreak.. Read more at straitstimes.com.

WASHINGTON - Democratic presidential candidate Elizabeth Warren said the 1,800-point plunge in the stock markets this week is only the"tip of the iceberg" of a growing economic threat from coronavirus and accused the Trump administration of"bungling" its response to the outbreak.

The Dow Jones Industrial Average fell 879 points on Tuesday , after declining more than 1,000 points on Monday on rising concerns coronavirus could upend global supply chains critical to economic growth. Ms Warren, who released a plan to contain and fight infectious diseases like coronavirus in January, accused the White House of"mismanagement".

Ms Warren said the Trump administration's proposed funding cuts for federal health agencies didn't help the US to prepare for a possible outbreak ahead of time, instead of"scrambling" once coronavirus had already spread.

 

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