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.
On the afternoon of October 2, doctors of the White House issued a statement again on the current situation of President trump and the first lady. The statement said that after completing the infusion related to treatment, President trump was in good mental condition except feeling tired. First lady May Rania showed novel coronavirus pneumonia, mild cough and headache. According to another source, at the doctors suggestion, President trump will go to Walter Reed National Military Medical Center for treatment, and may stay in the hospital for many days.
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.
In the early hours of the 2nd local time, trump tweeted that he and the first lady Melania had tested positive for the new coronavirus and had begun isolation. Tonight, Melania and I tested positive for the new crown, he tweeted. We will begin our isolation and rehabilitation process immediately. Well get through it together Melania tweeted that we feel good at the moment.
After three people in the White House, trump, Melania and Trumps senior aide, hope Hicks, tested positive for the new crown, people began to question how many people within the US government were exposed to the new coronavirus, including Biden, the Democratic presidential candidate who had just held an election debate with trump a few days ago and on September 29.
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.
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.
According to Phoenix Satellite TVs reporter in Washington, many people have been diagnosed in the White House.
The three major US stock indexes fell sharply in the opening session
After Biden news came out, the Dow rose for a time
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%.
The FTSE China A50 Index futures fell by 2.6% at one time, but it is worth mentioning that after the opening of the US stock market, the decline turned to rise, and the increase continued to expand. As of press release, the increase was more than 0.8%.
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.
What is the impact on the market?
2) The further increase in the uncertainty of the election may make the market continue the current turbulence pattern, and investors may also take a wait-and-see attitude, even turn to defense and risk aversion in a phased manner. The market tends to weaken in the October sprint period in normal election years, let alone the potential so-called octobersurprise. For example, the FBI survey of Hillary Clinton in 2016 has maintained weakness in the US stock market from September to the beginning of November. The present situation increases the uncertainty and uncertainty of the prospect. Of course, it is possible to turn back to see that it has not much influence, but the short-term certainty may suppress emotion.
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.
For the short-term trend of A-share, there will be a certain impact, but the impact is not big, because the A-share market is more supported by the domestic economic recovery. According to the data released by the Statistics Bureau, the economy continued to pick up in September, and the PMI also showed that Chinas economy will continue to recover in the fourth quarter, and A-share market is expected to rebound in the fourth quarter. Yang Delong said.
Zhang Kexing, general manager of gray asset management, believes that the diagnosis of the US president is an unexpected emergency, so there may be an unexpected impact in one or two days or in a short time. Then, the whole market, whether in the U.S. or a shares, will go on a normal trading track. The impact on a shares should be very short-term, one or two days Its over.
The novel coronavirus pneumonia, President Trump, may change the form of the current stalemate, NancyPelosi, said the US House speaker, Pelosi, on Friday.
This (Trump novel coronavirus pneumonia) may change the form of negotiations, because here we see the fact that we have been emphasizing. Its a fierce virus, Pelosi said, adding that she would pray for the presidents safety.
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.
The house of Representatives passed a $2.2 trillion Democratic bill on Thursday night. Mr. mnuchins previous package was $1.6 trillion.