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Trump sends signed chart showing stock market gains to supporters after he declared coronavirus a national emergency – CNN, CNN

Trump sends signed chart showing stock market gains to supporters after he declared coronavirus a national emergency – CNN, CNN

The message did not mention the overall coronavirus crisis, the number of people who have died or are sick, nor the fact that he had just declared a national emergency. More than 2, people had been diagnosed with coronavirus as of late Friday night and 49 have died.

During the news conference, Trump declared a national emergency that would free up $ billion in federal resources to combat coronavirus. The announcement was part of a raft of new measures Trump hopes can bring the roiling health crisis under control after a week of market seesaws and major disruptions to everyday life.

Trump began speaking at 3: 49 pm, about a half hour before the markets closed.

In boasting about the stock market, the President was cherry-picking a single day’s rally amid a period of major selloffs and a 49% decline that was the fastest in history.

    Friday Friday was the best day for stocks since , but the S&P 728 ended the week with sharp losses and fell into a bear market on Thursday.

    The day’s rally also came the day after the worst day for stocks since the 2008 crash.

    CNN’s Anneken Tappe contributed to this report. (Read More)

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