Coronavirus economic updates: US financial markets plunge as Trump warns of 'painful' weeks to come

  • 📰 ABC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 21%
  • Publisher: 51%

NEW: U.S. financial markets sink as Pres. Trump warns of 'painful' weeks to come.

United States Headlines News

United States Latest News, United States Headlines

Markets plunge early Wednesday

U.S. financial markets plummeted Wednesday morning, with the Dow Jones Industrial Average falling more than 750 points or 3.6%.The steep fall comes after Presidentabruptly shifted his messaging on the outbreak late Tuesday, saying the extension of the White House social distancing guidelines through April represents"a matter of life and death."

The president added that the next few weeks will be"painful," but that"it's going to be like a burst of light" as things get better. "Hopefully as the experts are predicting, a lot of us are predicting having studied it so hard, going to start seeing some real light at the end of the tunnel, but this is going to be a very painful two weeks," Trump said, appearing to refer to the peak of the death toll, which some models have signaled will hit mid-April.

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:

 /  🏆 471. in US
 

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

TheView canceltheview FireWhoopi CondesendingHens BernieBeatsTrump tRumpbeatsBiden canceltheview FireWhoopi CondesendingHens BernieBeatsTrump tRumpbeatsBiden canceltheview FireWhoopi CondesendingHens BernieBeatsTrump tRumpbeatsBiden

TheView His friends probably sold knowing he was going to say this then will buy before he announces something good.

TheView The Democrats After Action Report is simple: Trump failed to act on CoronavirusUSA and he's unfit to serve as POTUS. sarahaines MaxShifrin WhoopiGoldberg JoyVBehar Sunny MeghanMcCain ananavarro OutnumberedFNC HotTopics DavidMuir GStephanopoulos marcorubio GOP

TheView Which of us are going to die? Thanks to Trump's lying

imagine who's cashing in from this

Sad.

Stop being so negative.

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

Johnson & Johnson, U.S. government plan one billion doses of coronavirus vaccineJohnson & Johnson said on Monday it made a $1 billion deal with the U.S. government to create enough manufacturing capacity for more than 1 billion doses of a vaccine it is testing to fight the new coronavirus that has killed more than 34,000 people around the world. 🖕🏻 keep it I immediately think of selfishness, why? Printing new 1 billion bills...
Source: Reuters - 🏆 2. / 97 Read more »

Coronavirus Anxiety Hits Wealthy Investors Who Remain Pessimistic About Stocks And U.S. EconomyWealthy investors are concerned about COVID-19 and its short-term impact on markets, yet remain optimistic about the long-term economic outlook My thoughts and prayers go out to the wealthy Good time to buy now everything, hyper profit in few days
Source: Forbes - 🏆 394. / 53 Read more »

US government's WWII mobilization on penicillin is a road map to fighting the coronavirus'Penicillin manufacturing in World War II shows that to have enough medical equipment and save the most lives, the US government needs to take the lead,' says peterubel in usatodayopinion peterubel usatodayopinion peterubel usatodayopinion USA ❤️
Source: USATODAY - 🏆 100. / 63 Read more »

U.S. health experts pushed strongly for Trump to extend coronavirus restrictions: FauciWhite House health experts argued strongly with President Donald Trump to extend a stay-at-home order for Americans fighting the spread of the coronavirus so the country could start seeing the rates of infection come down, a top U.S. health official said on Monday. Traitorous satanic globalist eugenicist saboteurs would be just as thrilled if not even more so if people started dying from despair and self-inflicted harm, rather from this bioweapon they unleashed. What we need is a mask4all policy and sensible case by case area restrictions.
Source: Reuters - 🏆 2. / 97 Read more »

The next wave of the coronavirus will affect people throughout the US - Business InsiderThe next wave of coronavirus outbreaks is threatening cities from New Orleans to Philadelphia, and it reveals the US is on pace for a national epidemic It’s a pandemic meaning it’s an epidemic...but everywhere
Source: BusinessInsider - 🏆 729. / 51 Read more »

There are more than 140,000 coronavirus cases in the US, CDC saysThe US Centers for Disease Control and Prevention, says there are now 140,904 confirmed and presumptive positive cases of novel coronavirus in the United States. The CDC says 2,405 people have died. TreatALLCoronaPatients Please treat all patients - mild, severe and those who think who have it. Quarantine from rest of population until they test negative! It worked for China and will work for us. 150K confirmed + 300K not 20% pop hospitalize (70 million) Presumptive?
Source: CNN - 🏆 4. / 95 Read more »