Friday, March 13, 2020

Dow pops 1900 points as Trump declares national emergency amid corona virus fight

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U.S. equity markets soared in the final hour of trading as President Trump declared a national emergency over the coronavirus and enlisted the nation's biggest companies in the fight. ⁣ ⁣Google, Walmart, Target, CVS and others will assist health officials in combating the outbreak and helping with procedures and testing. ⁣ ⁣The Dow Jones Industrial Average surged by over 1,500 points or 7 percent. The S&P 500 and Nasdaq Composite also rallied ⁣ ⁣The major averages are looking to rebound from a Thursday selloff that was their steepest since the Black Monday crash of 1987. All three lost at least 9.5 percent amid an avalanche of cancelations and postponement of large social gatherings and sporting events aimed at slowing the spread of the new coronavirus.

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#trump #studentloans

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Prominent Democrat governors and President Donald Trump face the challenge of fighting the coronavirus together despite their political differences. Some Democrat governors have voiced some modest appreciation for the administration’s efforts, especially with Vice President Mike Pence, but others have aired some criticism of the president’s overall response to the virus. California Gov. Gavin Newsom voiced praise for Trump’s assistance in handling the cruise ship with coronavirus-infected passengers, noting a long phone call with the president. “He said everything that I could have hoped for, and we had a very long conversation, and every single thing he said they followed through on,” Newsom said when asked by reporters of how he was working with the president. The vice president’s office told Breitbart News that Pence has had a successful relationship with Democrat governors, citing Newsom as an example. “At President Trump’s direction, Vice President Pence has been speaking regularly with Democrat governors, senators, and representatives to update them on the whole-of-America coronavirus efforts,” Pence’s press secretary Katie Miller told Breitbart News. “The president’s coronavirus efforts have garnered support from across the country including California Gov. Newsom.”

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Actor James Woods warned that the Democrat Party and CNN will continue to exploit the coronavirus pandemic to their own ends, but said that America and its economy will soon “roar back” under the direction of President Donald Trump. The stock market had a torrid start to the week amid fears of the coronavirus pandemic, while the White House today declared an official national state of emergency over the crisis. Markets have since made a partial recovery, with the Dow Jones Industrial Average gaining 1985 points during Trump’s presser. Many Democrats and media organizations have used the opportunity to blame Trump for his handling of the virus. For example, some Democratic politicians including failed presidential candidate Michael Bloomberg have released ads attacking Trump’s response to the pandemic, while one New York Times columnist even referred to it as the “Trumpvirus.” However, Woods took to Twitter to confirm that he would increase his holdings in the stock market because of his trust in the American nation and the roaring economy that President Trump has helped create: “I am buying more stock, because I believe in America, in this robust economy, and in President Trump. While the doom peddlers at #CNN gleefully cheer the demise of this President AT ANY COST to our proud nation, I’m sticking with the plan. #BuyAmerica #Trump2020 I bought stock heavily this week because a) I want to support this nation and this President, and b) I know that #CNN and the Democrats will exploit this crisis purely out of their hatred for @realDonaldTrump. So the market will wobble and then will eventually roar back. #WinWin.”

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