Although U.S. stocks closed down on Friday, the three major U.S. stock indexes all recorded gains this week. The Dow rose 1.9% a week, the S&P 500 index rose 1.5%, and the Nasdaq rose 1.5%.
The news that Trump tested positive for the coronavirus increased risk aversion in the market on Friday, and risk assets were sold.
Analysts said that the news of Trump’s diagnosis has made market sentiment nervous, and U.S. stocks may therefore pull back 10% and put pressure on peripheral markets such as Europe and Asia. But it is still too early to judge its impact on the results of the US election. The market’s instinctive reaction to the news is to sell, which is understandable.
In addition, the September non-agricultural employment data in the United States was worse than expected, indicating that due to the lack of vaccines and government aid, many Americans and businesses are in a difficult situation and the pace of economic recovery has slowed.
The Speaker of the U.S. House of Representatives, Pelosi, said on Friday that the Trumps were diagnosed with COVID-19 and that they had changed the way to stimulate negotiations. She was optimistic about reaching an agreement. After Pelosi gave a speech, the Dow once turned up. However, the U.S. House of Representatives failed to pass the Aviation Industry Rescue Act and immediately adjourned the meeting.
Trumps suffer from new crown pneumonia, market risk aversion improves
U.S. President Trump announced on Twitter early on Friday morning local time that he and his wife Melania Trump (Melania Trump) both tested positive for the coronavirus and that they will immediately begin the ‘isolation and recovery process.’ . The White House has cancelled all public events that Trump had previously scheduled, including a rally in Florida on Friday.
Hours after Trump announced the positive test, White House officials said that the Trumps were experiencing ‘mild symptoms.’ It is reported that Trump’s current symptoms include cough, congestion and low-grade fever.
The report said Trump was ‘in high spirits’ and talked with White House Chief of Staff Mark Meadows on Friday morning.
Trump’s campaign team stated that all previously announced activities involving Trump will be moved to online or postponed.
The White House is discussing whether Trump will speak to the United States in some way about his diagnosis. White House doctor Sean Conley said that Trump and the first lady are ‘in good condition now’ and expect Trump to continue to perform presidential duties during treatment and recovery. On September 30 and October 1, Trump held fundraising activities and campaign rallies in Minnesota and New Jersey respectively.
Democratic presidential candidate and former Vice President Biden said on social media on the 2nd that he and his wife Jill were tested for coronavirus that day and the results were negative. Trump and Biden held the first presidential debate on the same stage in Cleveland, Ohio on September 29. At present, it is not yet confirmed whether the next two presidential debates will be held as scheduled. According to previous plans, the two presidential debates will be held on October 15 and 22.
In addition, a spokesperson for Pelosi, Speaker of the US House of Representatives, said that Pelosi tested negative for the new coronavirus.
Experts said that Trump’s health has always been good, and the White House also has the world’s top medical team and equipment to help him through the health crisis. However, after all, Trump himself is 74 years old and obese, which means he It still belongs to the high-risk group.
Therefore, in the event of an unfortunate situation, for example, Trump needs to use ventilators and other facilities to help with treatment, and his ability to act and express or his ability to judge is impaired, then the US administrative system needs to initiate the next emergency plan.
In the case that the president is unable to perform part or all of his duties, the third section of the 25th Amendment to the U.S. Constitution will be activated. At that time, the vice president will become the acting president when the president temporarily loses his capacity, until the president regains his sanity and orders the withdrawal That power.
And if President Trump’s health deteriorates severely, then Section 4 of the 25th Amendment to the Constitution will be triggered, which will give the Vice President more extensive office powers until the President fully recovers his sanity or is judged by medical personnel. In order to permanently incapacitate, the presidential transfer process was initiated.
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