quote:

Stock markets tumbled around the world. The number of coronavirus cases mushroomed in advanced nations like Italy, Japan and South Korea. And travel bans expanded as leaders confronted the nightmarish prospect of a spreading virus swallowing their nations.

President Donald Trump’s top aides faced an increasingly urgent threat Monday with potentially monumental implications: a global outbreak knocking down the U.S. economy and walloping markets in an election year, all against accusations about whether the Trump administration had mismanaged and underfunded a critical response with American lives on the line.

With the possibility of a U.S. outbreak growing by the day, Trump allies and advisers have grown increasingly worried that a botched coronavirus response will hit the U.S. economy. Even Donald Trump Jr. has mused to associates he hopes the White House does not screw up the response and put the president’s best reelection message at risk, said two individuals with knowledge of his comments. A swift drop in the stock market — the Dow Jones Industrial Average fell more than 1,000 points, its largest slide in two years — jolted officials in the White House and across Washington, delivering implications from the long-simmering coronavirus threat to a wider swath of Americans.

“The view in the White House is that this is one of those classic black swan events, and all we can do is control the health issues in the U.S.,” said Stephen Moore, an informal economic adviser to the Trump team.

quote:

Originally posted by ShiroKuro:
What is a black swan event?

quote:

Originally posted by Steve Miller:
What if Trump gets Coronavirus?

What then?

quote:

President Donald Trump is reportedly furious that stocks are plunging, believing that health officials’ warnings have spooked investors, The Washington Post reported Tuesday night, citing two people familiar with the president’s thinking.

The president has reportedly cautioned aides against forecasting the impact of the virus over fears that stocks could fall further, The Washington Post said.

Stocks plunged on Tuesday, with losses accelerating after health officials warned that the coronavirus is “likely” to continue to spread throughout the United States, warning that the American public should “prepare for the expectation that this is going to be bad.”

“Ultimately we expect we will see community spread in the United States,” Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters on a conference call.

The Dow and S&P 500 dropped more than 3% on Tuesday, for the indices worst 2-day drops since Feb. 2018 and Aug. 2015, respectively.

quote:

Originally posted by RealPlayer:

quote:

Originally posted by Steve Miller:
What if Trump gets Coronavirus?

What then?

Then we all pop open a bottle of Corona.