https://thefederalist.com/2020/03/13/as-trump-spoke-stocks-soared-but-cnn-wont-tell-you-that/
Donald Trump and the team he assembled to fight the Wuhan virus in the United States gave a press conference this afternoon at the White House. As the president and his team spoke, the stock market soared, the Dow Jones Industrial Average closing Friday at an all-time record increase of 1,972.
The wide-ranging but highly focused press conference laid out concrete plans to drastically increase testing for coronavirus in the United States. It laid out public-private partnerships to make this happen, including Google creating a portal for those seeking testing.
On the financial side, Trump offered a suspension of interest for student debt, an aggressive approach to the oil crisis, and suggested the federal government was prepared to send taxpayer dollars to the cruise and airline industries, among others, to recoup losses from the pandemic.
The stock market roared. Yesterday’s record losses were won back. This is enormously good news for millions of Americans with 401(k)s or stocks. It is absolutely something that every American should celebrate. By the way, the largest gain in the Dow Jones ever also happens to be pretty newsworthy.