The coronavirus, currently an epidemic in China, is now having a serious affect on global financial markets. The stock market has dropped over 2,000 points in the last two days thanks to fears over the spread of the disease. And this drop has led to a very worried President.
Donald Trump has done everything he can to convince the public that the virus is contained in the US. Those claims, at least in financial markets, have fallen on deaf ears. According to a new report from the Washington Post, the President is unhappy with HHS Chief Alex Azar and his messaging on the spread of the coronavirus.
Azar said during a Tuesday press conference, “We are working closely with state, local, and private sector partners to prepare for mitigating the virus potential spread in the United States, as we will likely see more cases here.”
This differs from the messaging from the White House. Trump spokesman told reporters yesterday, “What we are seeing today is a political effort by the Left and some in the media to distract and disturb the American people with fearful rhetoric and palace intrigue. The United States economy is the strongest in the world thanks to the leadership and policies of President Trump. The virus remains low risk domestically because of the containment actions taken by this Administration since the first of the year.”
The Trump administration will be hoping the market doesn’t take another dive on Wednesday.
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Todd Neikirk is a New Jersey-based politics and technology writer. His work has been featured in psfk.com, foxsports.com, and PoliticusUSA. An avid pet lover, he has been known to contribute to Pet Lifestyles Magazine. He enjoys sports, politics, technology, and spending time at the shore with his family.