At last, the market was relieved, and the Dow Jones index of the US stock market once turned up from a fall.
Just now, U.S. President trump tweeted his first video since his diagnosis. In the 18 second video, trump said: I want to thank everyone for their great support. I think Im in good shape, but we have to make sure everything goes well.
Biden received a new crown test, the results were negative
After US President trump announced on Tuesday that he and his wife Melania were positive for the new coronavirus, the health of Democratic presidential candidate Joe Biden, who had just held an election debate with him just a few days ago, has also aroused great concern. Biden in the local time Friday (2) morning to accept the new coronavirus test, the results were negative.
Biden tweeted: Im glad my new crown test with Jill is negative, thank you for your concern. I hope this is a reminder: wear masks, keep social distance and wash your hands frequently.
It is worth noting that in the first debate of the U.S. election on Tuesday local time, trump mocked Biden: I dont wear masks like he does. Every time you see him, hes wearing a mask. He could be talking 200 feet away And he showed up wearing the biggest mask Ive ever seen.
Earlier, Biden tweeted: Jill (Bidens wife) and I have conveyed our thoughts to President trump and first lady Melania trump, hoping that they will recover soon. We will continue to pray for the health and safety of the president and his family.
Experts say trump has always been in good health, and the White House has the worlds top medical team and equipment to help him survive the health crisis. However, after all, trump is 74 years old and obese, which means he is still among the high-risk groups.
Therefore, once an unfortunate situation occurs, for example, trump needs to use facilities such as ventilator to help with treatment, and his ability of action and expression is impaired or his judgment ability is impaired, then the U.S. administrative system needs to start the next emergency plan.
When the president is unable to perform part or all of his duties, section 3 of the 25th amendment of the United States Constitution will be activated. At that time, the vice president will become the acting president when the president temporarily loses his capacity to act, until the president regains his sanity and orders to take back his power.
If President Trumps health condition deteriorates seriously, section 4 of the 25th amendment of the constitution will be triggered, which will give the vice president broader powers of office until the president is completely restored to his senses or is judged as permanently incapacitated by the medical staff, thus initiating the presidential transition process.
After Biden news came out, the Dow rose for a time
Although Trumps illness does not seem serious now, does he still have enough energy to devote himself to his work? Will officials in the white house inner circle who are in close contact with him also be infected? Once diagnosed, the stability of the government team is likely to be affected.
Affected by the new coronavirus infection of the US president and his wife and other market uncertainties, the three major U.S. stock indexes fell sharply at the beginning of trading today. The Dow Jones index, the NASDAQ index and the S & P 500 index all fell by more than 1%, while the NASDAQ index once fell more than 400 points or more than 2%.
However, after Bidens test results came out, the Dow Jones index rebounded rapidly and turned higher in the session. As of the closing, the NASDAQ index fell 2.22%, the Dow fell 0.48%, and the S & P 500 index fell 0.96%.
Jeff Buchbinder, equity strategist at LPL financial, an investment and wealth management firm, said the October incident further increased the political uncertainty facing the market as the election approached. The market seems to be more and more in favor of Biden, which may not change that, but if trump can recover quickly, or win some support for it.
Jeff Henriksen, co-founder and CEO of Thorpe Abbotts capital, pointed out that the news will make the epidemic a focus of investors again, and aggravate the seesaw between different market views: one view regards the epidemic as a slow disaster; the other thinks that the US economy is coming out of the epidemic crisis and will achieve a strong recovery.
What is the impact on the market?
3) Whether it is possible to become a catalyst for the financial policy to break the situation. At present, the second round of fiscal stimulus in the United States is still in deadlock. The Democratic led house of Representatives has just passed a new $2.2 trillion stimulus package. However, it is expected that there may still be resistance in the Republican controlled Senate. After October 3, the two houses of Congress will not be working at the same time for about a month. Whether the risk and pressure caused by the presidents diagnosis of infection will, to a certain extent, become a catalyst to break the current deadlock and deal with the current dilemma, which deserves our attention. If it can be passed, it will provide some support to the market.
4) Focus on the risk of geopolitical tensions in extreme cases. In extreme cases, if the election is therefore tight, attention should also be paid to the pressure that will lead to the re tension of some policy and geopolitical risks.
Li Chao, a Zhejiang Business macro, said that after trump got sick, he was in good health, and the market reaction was to increase uncertainty; the future volatility of asset prices was increasing, and the trend of US stocks was still mainly fluctuating in the short term. If there was a trend adjustment tendency, trump could still start the diving protection mechanism as a response means, and the probability of a sharp fall in US stocks was small.
On October 2, Yang Delong, chief economist and fund manager of Qianhai open source fund, said, the U.S. stock market has experienced two big falls in the previous period, and has begun to stabilize recently. After the US president was diagnosed as positive for the new crown, the trend of the US stock market has again increased uncertainty. If the U.S. stock market falls again, it will have a certain impact on the global capital market.
Pelosi said he was optimistic about reaching an agreement
The novel coronavirus pneumonia, President Trump, may change the form of the current stalemate, NancyPelosi, said the US House speaker, Pelosi, on Friday.
In a month long seesaw battle, Pelosi repeatedly stressed how much money should be injected into the anti epidemic stimulus plan, saying Republicans did not understand the severity of the epidemic. Ms Pelosi said she was optimistic that a deal could be reached, even though she and U.S. Treasury Secretary Steven mnuchin had offered hundreds of billions of dollars in prices at the last round of talks.
We always have to find a way out. Its our responsibility and Im sure we will, she said. We will find a middle ground. We are legislators. We will do a good job. Pelosi and mnuchin spoke by phone on Thursday, but there was no agreement on legislation for an anti epidemic aid agreement. Pelosi did not specify whether he would continue talks with mnuchin on Friday. The house of Representatives passed a $2.2 trillion Democratic bill on Thursday night. Mr. mnuchins previous package was $1.6 trillion. Pelosi said on Friday that Democrats and Republicans do not share common values on how to curb the new coronavirus and how to enact legislation. Although the two sides are close to reaching an agreement on the total amount of funds, cheques and small business assistance, there are still differences on the extent of relief provided by the sending state and municipal governments and whether to protect businesses and schools from litigation. Source: China Fund News Editor in charge: Yang Bin_ NF4368
We always have to find a way out. Its our responsibility and Im sure we will, she said. We will find a middle ground. We are legislators. We will do a good job.
Pelosi and mnuchin spoke by phone on Thursday, but there was no agreement on legislation for an anti epidemic aid agreement. Pelosi did not specify whether he would continue talks with mnuchin on Friday.
The house of Representatives passed a $2.2 trillion Democratic bill on Thursday night. Mr. mnuchins previous package was $1.6 trillion.
Pelosi said on Friday that Democrats and Republicans do not share common values on how to curb the new coronavirus and how to enact legislation. Although the two sides are close to reaching an agreement on the total amount of funds, cheques and small business assistance, there are still differences on the extent of relief provided by the sending state and municipal governments and whether to protect businesses and schools from litigation.