Comments from Trump

Trump March 13
  • Declares national emergency, as expected
  • Asks hospitals to activate emergency plans
  • Emergency order gives broad plans to activate emergency plans
  • Allows hospitals to waive some requirements
  • When you compare what we've done compared to other countries, it's incredible
  • US authorities do not want people to get a coronavirus test if they do not need it
  • Expects up to 500K additional tests to be ready early next week
  • Google will develop a website to determine whether a test is warranted and to help facilitate testing
  • We don't want everyone taking this test, it's totally unnecessary
  • This will pass
  • Waives interest on all student loans held by agencies
  • Says authorized refilling of US strategic petroleum reserve 'right up to the top'
  • Trump says he has no virus symptoms
  • Says he doesn't take responsibility for CDC test failing
  • May have to include UK in travel ban

The moves in markets during this speech have been wild. The bears pounded the market down at first, sending S&P 500 to 2530 but it has snapped back to 2605.