WASHINGTON - Trump administration officials on Sunday tried to calm market panic that the coronavirus could cause a global recession, saying the public had over-reacted and that stocks would bounce back due to the underlying strength of the U.S. economy.
The S&P 500 index dropped 11.5% last week as the novel flu-like virus accelerated beyond China’s borders, the worst weekly drop since the 2008 global financial crisis. “The fundamentals of this economy are strong. We just saw some new numbers come out in housing and consumer confidence and business optimism. Unemployment is at a 50-year low. More Americans working than ever before,” he said.
U.S. Health Secretary Alex Azar told Fox News Sunday that the public was over-reacting to the current threat.
Were’s those egotistic Chinese government officials, no official apology, we should demand one, or pull outAmericsn industry.
Health officials... But people are dying, sir! Trump admin...... If they die, let them die and decrease the surplus population. (sound familiar!)
Just saw where 3000 people have died from the virus so far so glad it’s no worse than a common cold or the flu just imagine how bad it could be.... message to the world trump is now the worlds biggest idiot... now the chant LOCK HIM UP !!!!!!!!
How about US economy in a month when healthy parents stay home to deal with school closures (b/c the sitter is sick, etc.)? Or in four months when the west coast ports have reduced imports due to low supplier production/inventory. PANIC, whatchatalking ‘bout PANIC? ItzRealYo.
Look its Larry and Curley where's Moe
More concerned about the Stock Market than people's health.
Won’t work, markets tend to react to information not propaganda. Information coming from LA ports is they’re expecting 25% less shipping traffic.
When asked if he thinks there will be more deaths, Pence said that he thinks there will be more sad times to come. He wouldn't even say deaths. Hearts are breaking, people are dying unable to breathe, the pres is calling it a hoax & Jr said people hope millions die. We're fucked
Trump priorities, right? Profits before the People. After all, it's only the old, poor, and sick at risk! DumpTrump2020
We are stronger without Joe.
👎👎👎
Dumb and Dumber
And everyone points fingers at China for withholding information. Like this is any better.
Getting a little sick of the deceptive optimism from unqualified fools like Mike_Pence. Give us the truth. All of it.
Dow futures for tomorrow say otherwise. Also growth was 2.3% woefully lower than this administrations claim. Manufacturing in this country has gone to hell and farmers are literally on Government Welfare. This administration lies, about everything, all the time.
Or:US Officials Lie to Americans Again, Potentially Allowing Virus to Spread Unchecked Due to Their Denials
Coronavirus allowing 🇨🇳 local officials abusing their power. Old homeless man beaten up by local officials. Video doing rounds in weibo. Said official apologized. Criminal offence! Man - no apologies received. Living day by day.
Hope Obama’s economy can recover lol
Everything is fine. Please continue with normal activities.
S*E*L*A*M***REUTERS****S*E*L*A*M*
Bloomberg said on Friday that tomorrow could be 'Disaster Monday' due to COVID19...MORE STOCK SELL-OFFS OR WORSE..Get your money out of your UK/US bank whilst you can....keep enough in there to pay monthly bills but get the rest out. YOU DON'T OWN IT IF ITS NOT IN YOUR HANDS!
The Vogon speaks.
so full of crap . Markets dont mean much to them do they ?
The economy is the only thing, That this administration has going well. So of course they're gonna talk about economics all the time.
The fact that Trump will own an economic recession or depression pretty hilarious 😂
NEWSFLASH: Stock markets lost 3500 points last week...
When human lives are less important than your election campaign.
What the F. Cover Up.....
🙄
Markets are not buying it