Stocks surged as President Trump was announcing at the White House that he would declare a national emergency over the coronavirus, freeing up billions of federal dollars to address that fast-spreading virus. The Dow jumped more than 3% as Trump was speaking.
Liberals across America are furious right now after President Trump knocks out a grand-slam home run in the Rose Garden this afternoon as he announced his plans to deal with the coronavirus. One by one, the president brought to the podium the heads of Walmart, Target, Google, Roche Pharmaceuticals and and many others to unveil a plan that is nothing short of a stroke of genius. What is that, you ask?
The creation of drive-thru testing locations using nasal swabs for any American who thinks they might be sick. No lines in doctors offices, no panics in the ER, just drive to your favorite big box store like Walmart and Target and get tested without ever getting out of your car. Wow, how crazy smart is that? As the president was speaking, the stock mark rose nearly 2,000 points as it became obvious that President Trump was in complete control of the situation, and responding to it vigorously.
The Democrats on Twitter are having a legit meltdown, seems you just can’t stop the Trump Train. Time to pour myself a nice, steaming, hot cup of liberal tears, and laugh my butt off at the hundreds of the bitter, poor loser tweets from the Democrats whose lunch just got eaten. That is all, carry on.
Stock Rally Explodes As Trump Announces Expansive Coronavirus Effort, Dow Up 9.4%
FROM GATEWAY PUNDIT: The Dow Jones Industrial Average was a few hundreds points as Trump, accompanied with CEOs of major businesses like Wal-Mart, Target and others sought to assure Americans that there will be a steady supply of goods for panicked Americans. In just the last few minutes of the markets being opened, the rise in the Dow for the day rose from about 1,100 to nearly 2,000 points.
The Dow Jones Industrial Average closed 1,981 points higher, or 9.4%. The S&P 500 was up 9.2% while the Nasdaq Composite surged 9.3%. The averages posted their biggest one-day gain since October 2008.
The major averages hit session highs after Trump announced that 50,000 new coronavirus tests will be available by next week, hitting the largest point gain in history.
Speaking from the Rose Garden, Trump said, “I am officially declaring a national emergency.” He said the presidential directive will make available more than $50 billion for state and local governments to respond to the coronavirus outbreak.
He also announced a new public-private partnership to expand coronavirus testing capabilities, as his administration has come under fire for being too slow in making the test available. The partnership will include drive-thru testing in some locations and an online portal to screen those seeking to get tested.
Still, Trump said that officials don’t want people taking the test unless they have certain symptoms. “It’s totally unnecessary,” Trump said. He added, “This will pass.”
Trump spoke as negotiations continue between the White House and Congress on an aid package, but there was no announcement of a breakthrough, as House Democrats prepare to vote on their own measure Friday.
“Trump said he was also giving Secretary of Health and Human Services Alex Azar emergency authorities to waive federal regulations and laws to give doctors and hospitals “flexibility” in treating patients,” the Associated Press reported. READ MORE
Trump Declares National Emergency Over Coronavirus Pandemic
Jump to 09:30 to hear the president’s team amazing response to the coronavirus outbreak.
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