As shares plummeted and concern unfold concerning the rising coronavirus international health crisis, President Donald Trump started his week at his seaside resort in Florida with online screeds about pretend information, Barack Obama and the Democratic main.
The president fired off more than two dozen tweets and retweets Monday morning however was silent on the coronavirus-caused economic turmoil till an early Wall Road nosedive triggered an emergency “circuit breaker” to halt trading inside minutes of the opening bell. Trump dismissed the drop as principally the fault of an oil dispute between Saudi Arabia and Russia.
When he did touch upon coronavirus, the president principally patted his administration on the again and continued downplaying the virus, a day after health officials made clear the growing outbreak is beyond their ability to track or contain the virus. He stated Vice President Mike Pence, who's leading the Trump administration’s coronavirus response, is doing a “nice job” and that travel restrictions imposed by his administration had "saved many lives." And he accused the "Pretend News Media" of working to "inflame" the crisis "far past what the details would warrant, "whilst HHS Secretary on Fox News this morning stated “no one is making an attempt to attenuate” the seriousness of the coronavirus.
Trump later favorably in contrast the annual demise toll of the flu to that of the coronavirus so far, although well being specialists have cautioned towards drawing similarities as they scramble to study extra concerning the new outbreak. He noted the relatively small number of instances within the U.S. in comparison with different nation, though the U.S. rely is extensively expected to rise as checks for the virus turn out to be increasingly out there. Regardless of the cancellation of huge gatherings throughout the nation, including a well being IT convention Trump was set to deal with before it was canceled over coronavirus fears, Trump proclaimed that "nothing is shut down, life & the financial system go on."
However in between feedback on the financial system and coronavirus, Trump fell back on a smattering of familiar attacks, accusing his predecessor, without proof, of being the “most corrupt Administration in the historical past of our Nation” and complained about what he stated have been “very dangerous, sick individuals” making an attempt to undermine him from inside the government.
After beginning his day at Mar-a-Lago in South Florida, the president's public schedule on Monday revolved virtually totally round travel to and from a closed-door fundraiser in Orlando. He will return to Washington after the fundraiser,
Pence’s public schedule, by comparability, consists of a midday convention call with governors concerning the outbreak, a medal ceremony, and a meeting with the coronavirus process drive he leads together with an on-camera press briefing on the outbreak.
Trump’s off-topic missives come as a cruise ship housing almost two dozen passengers who have tested constructive for coronavirus is about to dock in California sooner or later through the day. And over the weekend, the variety of People contaminated with the virus surpassed 500, with instances popping up in the Washington and its suburbs in Maryland and Virginia. A minimum of two members of Congress have announced they may self-quarantine out of an abundance of warning.
Whereas the market selloff got here amid growing fears over the financial influence of the virus, it was additionally fueled a minimum of partially by a plunge in oil costs triggered by Saudi Arabia and the Organization of Petroleum Exporting Nations.
That dip, he aruged, "and the Pretend News, is the rationale for the market drop!" Nonetheless, he maintained, the drop in oil prices is "Good for the buyer, gasoline prices coming down!"
Well being and Human Providers Secretary Alex Azar was one of the first Trump officials to seem on TV Monday morning, promising in an interview on Fox Information that the Trump administration has “been on this from day one” and defending the supply of testing across the nation, which he stated was shortly ramping up.
Azar also claimed that “speedy work” is underway on a attainable vaccine that “ought to go to medical trials very quickly” whereas a therapeutic remedy is already in medical trials.
While he stated he hadn't spoken to the president concerning the plunging inventory market, he sought to calm fears of a wider financial fallout from the virus' unfold.
"His primary concern throughout the entire of presidency alongside with Vice President Pence is leading the public well being preparedness and response effort right here," Azar stated. "Our economic workforce will work on financial features of this and President Trump having delivered the most effective financial system in trendy historical past has the tools and is aware of the instruments to maintain this financial system going however his first focus is public health."
Src: On Trump's mind while market tanks: Obama, fake news and the Dem primary
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