Donald Trump addressed the nation from the Oval Office on Wednesday evening, more than 48 hours after he promised to deliver a "major" economic package to counter America's burgeoning public health crisis.
For the last two days, lawmakers have debated the merits of various proposals including a payroll tax cut, which is the centerpiece of the administration's "plan", if that's the right word.
It's not clear that is the right word, though, because even as the president did offer some concrete initiatives, futures crashed shortly after he finished speaking.
Although the price action has been the very definition of "manic" lately (and could thus reverse overnight) one thing is for sure: Markets did not like the president's decision to suspend all travel from Europe for the next 30 days. That won't apply to the UK, apparently.
Trump effectively blamed the Europeans for not adopting stringent enough measures to curb the infection as it spread outward from China. "The European Union failed to take the same precautions [as the US]", he said.
Dow futures and Nasdaq futures were limit-down.
As for the economic relief package, the White House is instructing the Small Business Admin
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