US President Trump expressing optimism that coronavirus new case growth has peaked
- Says will be announcing new guidelines on reopening the US economy on Thursday *US time)
President Donald Trump said on Saturday that he would issue a travel warning for the hard-hit New York area to limit the spread of the coronavirus, backing off from an earlier suggestion that he might try to cut off the region entirely.
“A quarantine will not be necessary,” he said on Twitter.
Trump’s announcement came as the U.S. death count crossed 2,100, more than double the level from two days ago. The United States has now recorded more than 122,000 cases of the respiratory virus, the most of any country in the world.
Since the virus first appeared in the United States in late January, Trump has vacillated between playing down the risks of infection and urging Americans to take steps to slow its spread.
Trump said on Saturday afternoon that he might impose a ban on travel in and out of New York and parts of New Jersey and Connecticut, the U.S. epicenter of the disease, to protect other states that have yet to bear the brunt. He offered few specifics.
Critics promptly called the idea unworkable, saying it would cause chaos in a region that serves as the economic engine of the eastern United States, accounting for 10 percent of the population and 12 percent of GDP. (more…)
The US House and Senate negotiators have reached an agreement on the emergency coronavirus bill. This according to House appropriations spokesman.
Some good news for risk perhaps? The market isn’t budging though as there is no further details on the margin of error. That said, the fact that we are seeing cases become more widespread across Europe doesn’t help to do much damage control for now.