Trump said the risk of the US new crown epidemic is very low and believed that the stock market would rebound

category:Finance
 Trump said the risk of the US new crown epidemic is very low and believed that the stock market would rebound


Trump also said in his speech that the new crown is different from Ebola and more like influenza. Although the new crown may become serious in the United States, the spread is not inevitable.

However, as Trumps speech did not involve specific measures to contain the new crown epidemic, the market reaction was cold. After the press conference, the yield of US Treasury bonds also fell 3-4 basis points across the board, and the e-mini S & P 500 stock index futures fell 1% at one time. The Dow Jones Industrial Average also fell more than 100 points after rebounding, ending the trading session.

Trumps assessment of the epidemic differs from that of experts

I think there are two possible reasons why the stock market has been hit. Trump said Democratic Party candidates said in the debate that there is a possibility of this kind of situation [spreading], which is why the market has been hit..

In response to the epidemic, trump said: we have achieved great success, beyond peoples imagination. At the same time, there have been outbreaks in some countries, and Italy and many countries have encountered some difficulties.

I dont think its inevitable, trump added But just a day ago, Dr. Nancy messonnier, director of the CDCs National Center for immunization and respiratory diseases, warned that the problem facing the United States was not whether the virus would spread more, but when.

During the briefing, trump continued to play down the hazards of the new crown epidemic. He said that the number of people who die of influenza every year is between 25000 and 69000. He said that even cases currently diagnosed in the United States could be close to zero in the next few days.

Trump also said the United States was very, very well prepared whether or not the virus broke out on a large scale. He also picked up a piece of paper and said that the United States was at the top of Johns Hopkins list of the best countries for preparedness.

Unlike Trumps optimism, Dr. Anne Schuchat, who accompanied him to the briefing, made a more cautious assessment of the risk of the outbreak.

Our aggressive containment strategy is working, so we have very few cases so far. But we do expect more cases. The development in the coming weeks and months is very uncertain, schukat insisted

We will soon have an influenza vaccine for this virus, trump said at the briefing But Dr. Anthony Fauci of the National Institutes of health denied that on the spot.

Fucci said a vaccine trial will be carried out in about three months to confirm whether it is safe, which will take six months to test, and then to test the efficacy. Even with the fastest progress, the efficacy trials will take six to eight months, said Fudge. In the next few months to a year, we cant rely on vaccines.

The US governments response to budget shortfall

At the briefing, trump announced that burns would be responsible for coordinating the U.S. governments response strategy. He said Burns experience in health policy as governor of Indiana made him fully qualified. Previously, the trump administration has taken some measures, such as declaring public health emergencies, imposing travel restrictions and enforcing segregation.

However, it should be noted that a newly confirmed new crown patient in the United States has not found epidemiological evidence of contact with a known confirmed case.

Health and Human Services Secretary Alex Azar, who testified on Capitol Hill recently, said he now sees the smoothest cross sectoral cooperation in public health emergencies in 20 years.. However, when the government recently proposed a $2.5 billion response budget for the epidemic, it was widely questioned, and lawmakers from both parties said it was far from meeting the needs of the response.

Chuck Schumer, the Senate minority leader, attacked the $8.5 billion needed to fight the U.S. outbreak. House minority leader Richard McCarthy also said $4 billion might be needed. In response, trump said at the briefing: all they have done is to gain political advantage If they want to give us more money, we can get more money.

In fact, since trump took office, he has been cutting budgets and staffing in the health sector. In 2018, the White House cancelled the special position of the National Security Council in epidemic response. In the same year, the trump administration reduced the scope of epidemiological research in the United States from 49 countries to 10. In this months budget proposal for the next fiscal year, the CDCs budget was cut by nearly 16%, the Ministry of healths budget by nearly 10%, and funding for global health projects was cut by $3 billion, including a 53% cut to the WHO.

As early as last November, the U.S. Center for strategic and international research warned that the United States is not well prepared to deal with global health and security threats.