Once the CDC designates the Coronavirus an influenza pandemic emergency, Trump is free to invoke The Stafford Disaster Relief Act. Then the fun really starts. Read it for yourself. For further commentary, see Market Update titled “Liar Liar Trumps Pants Are On Fire”
Asian shares and Wall Street futures fell on Wednesday, as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. The markets were expecting Trump to come forward with concrete packages. Instead Vice President kiss ass told them to not shake hands Markets had been recovering …
Continue reading “Stocks wilt on growing doubts about U.S. virus response”
U.S. stocks bounced back Tuesday, a day after crude suffered a historic rout while the broader stock market recorded its worst day since the financial crisis. The Dow Jones industrial average jumped 1,167 points, or 4.9%, to close at 25,018.16, in a wild trading session that saw the blue-chip average swing 1,330 points from …
The White House confirmed on Tuesday that United States President Donald Trump held a telephone conversation with Saudi Crown Prince Mohammed bin Salman (MbS) to discuss Monday’s sharp losses in the oil markets following Riyadh’s decision to pump significantly more oil. The meeting took place on Monday and “other critical regional and bilateral issues” were …
WASHINGTON – President Donald Trump confronted one of the most perilous days of his presidency Monday by first erupting in a barrage of commentary that failed to calm the cratering financial markets, struggling to inspire confidence that his administration could stop the spread of the novel coronavirus. But by the time the sun set in …
Continue reading “Trump struggles to calm nation after days of increasing pressure”
Older Americans, especially those with underlying health conditions, should stockpile supplies and avoid unnecessary travel, a top official at the Centers for Disease Control and Prevention (CDC) said Monday. Most Americans are likely at risk of catching the novel strain of the coronavirus, said Nancy Messonnier, director of the CDC’s National Center for Immunization and …
Continue reading “CDC: Americans over 60 should ‘stock up’ on supplies, avoid crowds”
People walk in an almost empty St. Mark’s Square in Venice, Italy, Monday, March 9, 2020. Italian Premier Giuseppe Conte says he is restricting travel nationwide to try to stop the spread of the new coronavirus. Conte said Monday night a new government decree will require all people in Italy to demonstrate they need to …
DUBAI (Reuters) – Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of the OPEC supply cut agreement with Russia, two sources told Reuters on Sunday. Saudi Energy Minister Prince Abdulaziz bin Salman visited state oil giant …
European equity indices were red across the board at the open on Monday as the coronavirus outbreak coupled with crashing oil prices rattled markets. Adding to the turmoil were plunging Treasury yields with the 10-year US Treasury note dropping below 0.4% for the first time ever. Brent futures for May settlement were down 25.98% to …
Continue reading “Europe tanks at open amid coronavirus, oil crisis”
Shares on Wall Street crumbled further in premarket trade on Monday as markets continued to be gripped by fears over the coronavirus outbreak and crashing oil prices. Following a collapse in talks between Saudi Arabia and Russia at the OPEC+ meeting in Vienna last week, the Gulf kingdom decided to engage in a so-called price …
Continue reading “Dow plummets over 1,500 pts in premarket trade”