|

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

USD/JPY eyes August swing low, near 155.20 ahead of US NFP

USD/JPY retests the August monthly swing low during the Asian session on Friday as a more hawkish repricing of BoJ rate-hike bets and a suspected intervention continue to underpin the Japanese Yen. Meanwhile, the US Dollar is seen consolidating the previous day's heavy losses amid soft US bond yields, further weighing on the currency pair as traders keenly await the US NFP report.

AUD/USD consolidates above 0.7200; US NFP awaited

AUD/USD holds steady above 0.7200, near its highest level since mid-May, as bulls await the US NFP report for more cues on the Fed's policy path before placing fresh bets. Meanwhile, the recent decline in US bond yields keeps the US Dollar depressed near its lowest level in over a week and acts as a tailwind for the Aussie amid the RBA's hawkish tilt.

Gold tumbles as blockbuster US NFP lift US Dollar, Treasury yields

Gold (XAU/USD) falls sharply on Friday, snapping a two-day recovery after the US Nonfarm Payrolls (NFP) report surprised strongly to the upside. The metal briefly climbed above $4,500 on Thursday, gaining nearly 2%, but has since erased a large part of that advance.

Crypto’s $638 million buyback boom may not be as bullish as it looks
Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast, adopting one of Wall Street’s oldest tools to bolster valuations and distribute revenue. The headline becomes less impressive once the number is opened up.
Why hawkish Bank of Japan expectations aren't enough to sustain the Japanese Yen rally

The Japanese Yen (JPY) experienced a sudden burst higher after falling back below the 160.00 psychological mark against the US Dollar (USD) earlier this week amid a more hawkish repricing of Bank of Japan (BoJ) rate hike expectations.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.