|

Trump: Hopes we're seeing levelling off of coronavirus in the hottest spots

Members of the Coronavirus Task Force are holding a press briefing and Trump is the first to speak, explaining the inventory of protective gear such as masks and ventilators in the way to those in need. 

At the same time Trump is saying that he hopes we're seeing levelling off of coronavirus in the hottest spots – "we are heading to the peak of the epidemic".

Key Task Force comments

  • Trump: 1.67 million people have been tested, far more than other countries.
  • Trump: Additional 600k masks to be delivered to NYC tomorrow.
  • Trump: US bought a lot of Hydroxychloroquine.
  • Trump: President Trump says federal govt will deliver 600,000 N95 masks to new york city on Monday 
  • Trump: Says Federal govt will also deliver 200,000 N95 masks to Suffolk county in New York.
  • Trump: This Tuesday, we're going to deploy more than 3,000 military public health professionals in New York, New Jersey.
  • Trump: US has stockpiled about 29 mln doses of Hydroxychloroquine.
  • Trump: US is 'very far down the line' on developing vaccines for coronavirus, 'we'll see what happens."
  • White House coronavirus coordinator Birx: New York's percent positive is starting to decline, but New Jersey is rising.
  • Birx: While we will see rising numbers of people losing their lives in the days ahead, we should see a stabilization of cases.
  • Latest data suggests the administration's projections of total deaths from coronavirus may be on high side. 
  • Trump says he is not promoting Hydroxychloroquine: it may work, it may not work.
  • Trump says he doesn't think he will need to use tariffs in oil fight.
  • Trump says if oil price stays the way it is, he would do 'very substantial tariffs'.
  • Trump says latest data suggests the administration's projections of total deaths from coronavirus may be on the high side.
  • Trump says he likes the concept of sending additional economic relief checks to Americans.
  • Trump says if oil price stays the way it is he would do very substantial tariffs.

More to come...

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

GBP/USD stays offered near 1.3370

GBP/USD remains on the back foot, slipping back toward the 1.3370 zone on Tuesday. Cable has come under pressure soon after testing the 1.3400 neighbourhood as investors turned more cautious in response to renewed effervescence on the geopolitical front.

EUR/USD stays offered below 1.1450

EUR/USD remains on the back foot ahead of the opening bell in Asia, returning to the low-1.1400s on the back of the resurgence of the demand for the US Dollar. Indeed, renewed jitters in the Middle East support the safe haven universe and weigh on the sentiment surrounding the risk complex. Moving forward, investors’ attention should shift to Wednesday’s FOMC Minutes.

Gold weakens toward $4,100

Gold adds to Monday’s decent pullback and trades close to the $4,100 mark per troy ounce on Tuesday. In the meantime, fresh geopolitical effervescence appear to have reignited inflation concerns, which in turn, limit any recovery attempt from the precious metal.

RBNZ set to increase interest rate after three pauses amid deeply divided committee

The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 25 basis points from 2.25% to 2.50% on Wednesday, snapping a three-consecutive-meeting pause.

Bye, forward guidance: How to trade when central banks choose silence
Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility.
Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.