Market plunge over coronavirus fears underscores political risk to Trump

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The president’s strategy of publicly downplaying the threat the virus poses to the U.S. was undermined Monday as the Dow Jones industrial average shed more than 1,000 points.

As President Trump spent Monday sightseeing in India, the U.S. stock market plunged amid growing concerns about a deadly virus spreading quickly across continents — a split screen that brought into stark relief how the coronavirus is testing the White House and undercutting Trump’s central reelection message.

Minutes later, the president turned to retweeting posts about FBI surveillance, socialism and Republican fundraising. Major Republican donors are closely tracking developments and the political consequences not just of the coronavirus but the rise of Sen. Bernie Sanders in the Democratic presidential race. Those two issues, veteran GOP financier Spencer Zwick said, are now front and center for the party’s leading donors.

Navarro, who appeared on Fox Business Network on Monday, was one of the Trump allies who tried to calm the markets by arguing that the U.S. economy remains strong and that Trump is in command.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trump is oblivious ... he doesn’t seem to understand the possibility of a pandemic nor that he should be putting things in place to protect Americans & help internationally. He takes credit when the market is doing well and blames others when it isn’t. He is extremely inept.

I'll be glad when the coronavirus & TrumpVirus both pass..

For fuks sake WaPo. Stick to Bernie stories

Actually it helps. It shows gay if we have open borders and rely on China, we could be really screwed if something really bad happened. Bringing back manufacturing and screening people, two of Trumps big issues, are coming front and center.

Trump is asking for money now from corona virus issues. Why can’t he take it from border wall funding or defense budget like last time? This would be the very definition of emergency.... as opposed to Mexico not paying for a border wall is an emergency that he used last time.

He takes away money from CDC!!! He takes staffing away from epidemic management. Trump is stupid.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayU.S. stock futures were pointing to an over 800-point or 2.8% decline at Wall Street's open on Monday for the Dow on widening coronavirus concerns. Is there a provision in the book for unknown unknowns? How well does POTUS freestyle? Do you need more liquidity for coronavirus? ☕isforclosers 420coming legalizecannabis trumprecession paymemydolland$50M welcometoprofessionalsales So the market hits a circuit breaker if the Dow hits -2000, or 27K? Buying Day
Source: CNBC - 🏆 12. / 72 Read more »

Disney, Amazon, ViacomCBS Shares Hit as Stock Market Tumbles Amid Coronavirus FearsFears of the Coronavirus spreading across the world sent major stock indices tumbling on Monday morning. Shares of Disney and Amazon were down more than 4% in early trading as reports that the dead…
Source: Variety - 🏆 108. / 63 Read more »

Berlinale Series Market: Mauricio Leiva Cock Talks Movistar Original ‘Ruido Capital’BERLIN — Slowly but surely, Madrid-based Telefonica’s original production drive is building on the other side of the Atlantic. The first Latin American series to be seen in Europe is “Ruido …
Source: Variety - 🏆 108. / 63 Read more »

Stock market live updates: Markets plunge, White House reacts, Apple leads slideStock market live updates: Stocks plunge at midday as coronavirus fears rattle investors.The Dow is down more than 900 points. tell the whole truth, market is not just down on the virus, its down on fears of the virus, historical low bond yields, and Bernie. FactsMatter Interesting that on days like this we tend to see more older males as guests so that they can be the reassuring grandpas for us. :) DOW JONES DROPING SHOULDNT STOP YOU FROM MAKING MONEY THIS YEAR ...THE SPORTSBETTING MARKET IS ALWAYS OPEN AND WE CASHED IN 300k THIS YEAR ALONE...FOLLOW US FOR A CHANCE TO WIN 200$ SENT TO YOUR PAYPAL
Source: CNBC - 🏆 12. / 72 Read more »