NEW: U.S. financial markets sink as Pres. Trump warns of 'painful' weeks to come.
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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
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
Lire la suite »
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
Lire la suite »
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.
Lire la suite »
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
Lire la suite »
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.
Lire la suite »