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Original title: New! Trump has mild symptoms and received cocktail therapy and went to the hospital for treatment! How does the negative result of the Biden test affect the outcome of the election? The Dow turned red once on the intraday!
In the past two days, Trump’s progress after the diagnosis of the new crown has been the focus of the global market.
Real-time statistics released by Johns Hopkins University in the United States show that as of 05:35 on October 3, 2020 Beijing time, a total of 34,450,697 cases of new coronary pneumonia had been diagnosed worldwide and 1,025,354 deaths.
Yesterday, Trump and his wife were diagnosed with the new crown. Let’s take a look at the latest situation.
Trump and his wife have mild symptoms
On the afternoon of October 2, the White House doctor again issued a statement on the current situation of President Trump and the first lady. The statement said President Trump was feeling tired after completing the infusion related to treatment, and his current mental state. good.
The first lady, Melania, showed only mild symptoms of a new coronary pneumonia, such as a mild cough and headache. According to other sources, on the advice of doctors, President Trump will go to Walter Reid National Military Medical Center for treatment and may remain in hospital for several days.
After Friday’s shutdown, the White House media officer issued a statement saying that White House physician Sean Conley said in presenting Trump’s latest health status that the current president “ feels tired but of good mood, with some low fever and received a single dose of Regeneron Pharmaceuticals. Gram “polyclonal antibody mixture”, treatment with vitamin D and aspirin “(cocktail therapy).
According to media reports, at second local time Bill Stepien, the campaign manager for Trump’s team, declared that all campaign activities before the November election will either be turned online or postponed.
Biden is fine
Following the news that Trump and Melania tested positive for the new crown, Democratic presidential candidate Biden and his wife were tested for the new crown virus on the morning of the 2nd.
Later, Biden’s campaign team issued a statement saying that Biden and his wife Jill Biden tested negative for the new corona virus.
Biden also tweeted a report that both he and his wife tested negative.
Biden said on Twitter: “I am pleased to report that Jill and I tested negative on the new crown. Thank you for your attention. Hope this reminds you: wear a mask, maintain social distancing, and wash your hands.”
Prior to this, Biden tweeted to comment on Trump’s diagnosis: “Jill and I express our condolences to President Trump and First Lady Melania Trump, and we hope they recover as soon as possible.” “We will continue to do so. Pray for the health and safety of the president and his family.”
Additionally, he, Vice President Mike Pence, and the second lady all tested negative for the virus.
Has the choice changed? How should investors choose
After Trump was diagnosed, the odds of betting on Biden and Vice President Pence increased slightly, while Trump fell to around 36%.
CICC Securities believes that in the next two weeks, the severity of Trump’s illness and the speed of recovery will be key. If the condition is more serious and you temporarily lose the ability to exercise authority (see former British Prime Minister Johnson once you entered the ICU), in accordance with the 25th Amendment to the Constitution, it may be necessary to temporarily transfer presidential power to Vice President Pence and get it back after recovery (from the Constitution Since the 25th Amendment went into effect in 1967, there have only been three occurrences, one for Reagan and two for George W. Bush. Therefore, the colonoscopy was temporarily transferred to the power). But it is more critical. However, if the illness is severe and Election Day is too late to heal, it can affect voters’ confidence that their physical condition can smoothly take over the functions of the President and then affect the electoral situation. After all, this time is too far Close.
In a more extreme case, if it is too serious to continue running for election, the way in which electoral candidates decide will bring greater variables to the electoral and political perspectives.
The IACC also believes that the further increase in general election uncertainty may cause the market to continue the current turbulent pattern, and investors may also adopt a wait-and-see attitude, or even switch to defense and hedge. in stages.
All three major U.S. stock indices closed collectively
Trump’s diagnosis shocked global capital markets. US stocks opened lower last night, but the Dow turned red during the session.
At the close, the Dow Jones fell 0.48% to 27,682.81 points, the S&P 500 fell 0.96% to 3,344.42 points and the Nasdaq fell 2.22% to 1,075.02 points. This week, the Dow Jones was up 1.87%, the Nasdaq 1.48% and the S&P 500 Index was up 1.51%. The Dow and S&P 500 index ended its four-week losing streak. News of Trump’s diagnosis of a new corona pneumonia has greatly increased market uncertainty. The Speaker of the US House of Representatives, Pelosi, said assistance measures from the aviation industry could come soon.
In terms of individual stocks, the top US tech stocks fell across the board. Apple fell 3.23%, Amazon fell 2.99%, Netflix fell 4.63%, Google fell 2.17%, Facebook fell 2.51% and Microsoft fell 2.95%.
Shares of Bank of America were up 0.94%, Goldman Sachs was up 0.68%, Citigroup was up 0.51%, Morgan Stanley was up 1.5%, Bank of America was up 0.46% and Wells Fargo was up 1.83%.
The most popular Chinese concept stocks fell. Alibaba fell 0.6%, JD.com fell 3.14%, Baidu fell 1.45%; Lianwai Education fell 25.33%, Litchi fell 10.51%, Eggshell Apartments fell 6.45%, Danei Education fell 5.71%, Shell fell 4.96%, Pinduoduo fell 4.07% , Weilai Automobile fell 2.62%, NetEase fell 3.9%, Liulishuo was up 10.61%, Qudian was up 5.65%, Weibo was up 4.19%.
Furthermore, the FTSE China A50 index rose directly.
It’s worth noting that Regeneron Pharmaceuticals, which treats Trump, is up 4.2% after the market.
US Non-Farm Employment Data Worse Than Expected
At present, the impact of the epidemic in the whole of the United States continues, due to the rebound of the epidemic in several places, the latest US data is not optimistic.
Non-farm employment data for September in the United States was worse than expected, indicating that due to a lack of vaccines and government assistance, many Americans and businesses are in a difficult situation and the pace of economic recovery has slowed .
The US non-farm employment population increased by 661,000 after seasonal adjustment in September, which is expected to increase by 850,000 and the previous value increased by 1,371 million; the unemployment rate is 7.9%, which is the fifth consecutive month of decline, and is expected to be 8.2%. The value is 8.4%.
Pelosi: optimistic about reaching an agreement on the stimulus plan
In this case, the US fiscal stimulus plan, which has stalled, may see the light of day.
The Speaker of the US House of Representatives, Pelosi, said on Friday that the Trumps had been diagnosed with COVID-19 and that they had changed the way they stimulated negotiations, and was optimistic about reaching an agreement.
After Pelosi gave a speech, the Dow appeared once. However, the United States House of Representatives failed to pass the Aviation Industry Rescue Act and immediately adjourned the meeting.
