The stock market has plummeted, the military exercises have been postponed... The past week has been a tense week in the United States

 The stock market has plummeted, the military exercises have been postponed... The past week has been a tense week in the United States

The stock market plummeted, the military drill was postponed, the political arena quarreled Either directly or indirectly, tensions have skyrocketed in the United States.

On February 26, President trump (right) and vice president burns attended a press conference at the White House in Washington, D.C. Photographed by Liu Jie, reporter of Xinhua News Agency

To this end, President trump at least appeared in the White House press conference room.

For American politics, a clear line that cant be ignored throughout the year is presidential election. So, the impact of the progress of the epidemic and the trump administrations response on the election situation and political situation has attracted more and more attention.

US stocks plummeted for more than a week

Send Vice President to take charge

Over the past week, the number of confirmed cases in Italy, South Korea, Iran and other countries has risen rapidly, casting a shadow on global economic fundamentals, and investors worries about the prospects of economic growth and the demand for risk aversion have risen sharply. US stocks have plummeted for several consecutive days this week. The three major New York stock indexes fell more than 10% this week, the worst week since the global financial crisis in 2008.

On February 28, the electronic screen of the New York Stock Exchange showed the closing of the day. Photo by Wang Ying, reporter of Xinhua News Agency

Among them, the Dow Jones Industrial Average fell 1190.95 points on the 27th, the biggest drop in the indexs history. The Chicago Board Options Exchange Volatility Index (also known as the panic index), a measure of investor panic, rose sharply on May 28 to 47.15, the highest since the 2008 financial crisis.

In the face of the stock market crash, trump, who visited India on the 24th, quickly tweeted appeasement, saying that in the United States, the new coronavirus is under control, the United States keeps in touch with relevant countries, and the CDC and the World Health Organization have been very hard and very wise. The point is, the stock market is still pretty good..

But then, the stock market continued to plummet. On the 25th, senior officials from the Centers for Disease Control and prevention, the Secretary of state, the Secretary of health and the White House chief economic adviser held a press conference, hoping to ease anxiety.

The novel coronavirus pneumonia was released on 26 th day by Trump, which attacked the news media to aggravate the new crown pneumonia epidemic and led to panic in the stock market.

At the press conference, trump said that the risk of the new coronavirus to the U.S. public is still very low, but that the U.S. has been fully prepared, even if the outbreak occurs on a large scale.

At the conference, trump announced the appointment of vice president burns to take the lead in coordinating the response of various departments of the U.S. government to the new coronavirus. Novel coronavirus pneumonia has been diagnosed in 61 cases, and no one died, Burns said on 28 July. Only 1 people are still hospitalized.

As you know, trump has always regarded the stock markets rise as his most successful achievement, and emphasized it again in his state of the Union address just released. Trump, who is seeking re-election, is most concerned about the economic situation. Including the epidemic situation, any factors that are unfavorable to the economy and thus affect the campaign will become the top priority of the trump team.

Upgrade travel warning of Italy and South Korea

Postpone South Korea US joint military exercise

The United States has raised travel warnings for South Korea and Italy in the past week. Trump said in the White House on the 28th that the US side will soon make a decision to impose restrictions on entry to the United States for countries with a sharp increase in confirmed cases.

On February 27th, President Trump of the United States participated in the activities at the White House. Xinhua News Agency / Reuters

Novel coronavirus pneumonia confirmed in February 27th that the joint Korean and US military exercises were postponed, due to the impact of the new crown pneumonia.

South Korea and the United States originally planned to hold a computer simulation joint command post exercise in March this year. South Korean media said it was the first time that South Korea and the United States adjusted the joint military exercise plan due to health and epidemic prevention. Considering the current epidemic development in South Korea and the military schedule of South Korea and the United States, it is actually difficult for both sides to hold joint military exercises in the first half of the year.

On February 25, the entrance of the US military base in Daegu, South Korea. Xinhua News Agency / Reuters

The U.S. military command in South Korea has raised the risk warning to a higher level, forbidding officers and soldiers to travel to Daegu base, forbidding external personnel to enter and leave the base, and requiring officers and soldiers to minimize personnel contact.

Influence the bickering between the two parties in the election

US government seeks funding

The novel coronavirus pneumonia epidemic has become a major issue in the presidential election. Democratic presidential candidates such as Elizabeth Warren criticized the trump Administration for its poor anti epidemic campaign.

Trump said at an election rally in South Carolina on the evening of the 28th that the U.S. governments action to fight the epidemic is full, and the current democratic attack is a political farce.

On February 28, President trump attended an election rally in South Carolina. Xinhua News Agency / Ouxin

The US media commented that the trump administration is currently fighting the epidemic and seeking a balance between pacifying investors. The health crisis may change the face of the campaign.

The White House submitted a $2.5 billion supplementary budget application to Congress on the night of the 24th. In this part of the supplementary budget, $1 billion is spent on the development of vaccines, while other funds are spent on the purchase and strategic storage of protective equipment such as masks.

On February 28, a shop in California posted a sign that masks were sold out. Xinhua News Agency / Ouxin

At the hearing held for this purpose, U.S. health secretary aza said that the U.S. has 30 million N95 masks in its national strategic reserve, but it is expected that 300 million will be needed for U.S. medical staff.

Democrats think Trumps numbers are too small, and Chuck Schumer, the Democratic leader of the US Senate, says it will cost US $8.5 billion to fight the epidemic. Trump said he would like to see it succeed, but would spend reasonably.