Wall Street closes sharply lower on President Trump’s positive COVID-19 test

As news of U.S. President Donald Trump’s positive COVID-19 test put investors in a risk-off mood and added to mounting uncertainties surrounding the looming election, U.S. stocks closed lower on Friday.

President Trump
President Trump
Trump will stay at Walter Reed National Military Medical Center in Maryland for a few days, according to a White House spokesperson. According to the White House, the president will work from the hospital’s presidential offices out of “an abundance of caution.” Sources close to the matter have said that the president is experiencing a low-grade fever, according to reports.

The Associated Press:

President Donald Trump appeared in public Friday evening for the first time since being stricken by COVID-19, boarding his Marine One helicopter for a flight to a military hospital as the virus that has killed more than 205,000 Americans spread to the highest reaches of the U.S. government.

The White House said the visit of “a few days” to Walter Reed National Military Medical Center was precautionary and that Trump would continue to work from the hospital’s presidential suite, which is equipped to allow him to keep up his official duties.

Trump walked out of the White House and gave a thumbs-up…

Earlier Friday the White House said Trump had been injected with an experimental antibody cocktail by the White House physician. The president’s physician said in a memo late Friday that Trump received a dose of an experimental antibody cocktail by Regeneron that is in clinical trials. Navy Commander Dr. Sean Conley said Trump “remains fatigued but in good spirits” and that a team of experts was evaluating both the president and first lady in regard to next steps.

The first lady, who is 50, has a “mild cough and headache,” Conley reported, and the remainder of the first family, including the Trumps’ son Barron, who lives at the White House, tested negative… Trump’s Supreme Court nominee, Judge Amy Coney Barrett, who was with him and many others on Saturday and has been on Capitol Hill meeting with lawmakers, also tested negative, the White House said.

President Trump was given a dose of Remdesivir at Walter Reed hospital on Friday as White House doctors recommended the antiviral drug to treat his COVID-19 infection:

Statement by President Trump’s physician, Navy Commander Dr. Sean Conley:
Statement by President Trump’s physician, Navy Commander Dr. Sean Conley:

Nexstar Media Wire:

In a statement late Friday, Regeneron confirmed Trump was provided the REGN-COV2 antibody cocktail as part of a “compassionate use request,” which is when the Food and Drug Administration allows for unapproved treatments to be made available to treat ill patients when no other treatment is available.

The company’s compassionate use program defines it as being intended for patients with serious or life-threatening conditions who do not have any viable or available treatment options, and are unable to participate in ongoing clinical trials.”

Trump is receiving a two-antibody combo drug that’s currently in late-stage studies from Regeneron Pharmaceuticals Inc. The company previously developed a successful treatment for Ebola using a similar approach.

It’s given as a one-time treatment through an IV.

Trump’s physician, Dr. Sean Conley, said the drug was being given “as a precautionary measure,” and that Trump also was taking zinc, vitamin D, an antacid called famotidine, melatonin and aspirin. None of those have been proven to be effective against COVID-19.

Released earlier this week, the first data from a trial using Regeneron’s COVID-19 antibody cocktail is encouraging. The top dose of the treatment relieved symptoms more quickly than the placebo for patients not sick enough to be hospitalized.

The initial phase included 275 patients in the phased study. The most significant improvements were seen in patients who had not already mounted a natural response, the company said.

Jeanne Marrazzo, the director of the division of infectious diseases at the University of Alabama at Birmingham, told CNN the results appear “very promising.”

The company said the treatment is intended as a therapeutic substitute for a natural response to the virus. According to a news release, Regeneron said it is hoping to confirm their initial findings in a second group of patients.

“What I think is fascinating is that it shows that antibodies really matter and the antibody to the spike protein was really helpful, particularly when people made the antibodies themselves,” said Marrazzo. “Whether it’s antibody therapy or vaccine that target these proteins, it sounds like we are on the right track. I think that’s really encouraging.”

Stephen Culp for Reuters:

U.S. stocks indexes riseTech shares weighed heaviest on the indexes, but the blue-chip Dow’s losses were mitigated by gains in economically sensitive cyclical stocks.

Despite Friday’s sell-off, the S&P and the Nasdaq both gained 1.5% on the week, while the Dow ended the session 1.9% higher than last Friday’s close.

Trump tweeted late Thursday that he had contracted the coronavirus and would be placed under quarantine, compounding the unknowns for an already volatile market. But stocks pared losses after the White House provided assurances that Trump, while experiencing mild symptoms, is not incapacitated.

In a reversal from recent sessions, market leaders Apple Inc, Amazon.com, and Microsoft Corp were the heaviest drags on the S&P and the Nasdaq.

MacDailyNews Take: Well, Apple shareholders expected a bumpy ride until the U.S. Election Day.

30 Comments

      1. You’re just as much a sociopathic and un-empathetic and pathetic a**hole as Trump. If Trump had done the right thing at the beginning none of this postscript madness would have happened. You are a wretched ad toadying apologist who should be utterly ashamed of his nonexistent humanity and poor judgment.

        Also Republicans are doing a fine job already destroying America. It can only go up with the Democrats from here and I’m right of center. So many decent Republicans want to strangle misguided jerks like you, right now.

        1. Join the club. The party appointed a commission to study the losses to Obama in 2008 and 2012. They pointed out the demographic changes in America that would eventually wipe out any party that catered only to Big Business and older White non-Hispanic anti-LGBT anti-feminist voters without a college education. In the long run, the party could only save itself by becoming a bigger tent. As a Texas Republican, I welcomed the recognition that my state could be the next after California to be swept into the Democratic Party column for the rest of my lifetime, and was pleased to see a strategy to preserve the two-party system here and throughout the country.

          The 2016 Republican primaries then generated a nominee who appealed almost exclusively to those two shrinking constituencies. We had a national spokesman whose word of wisdom to the 51% of the voting population who are female was “I can grab you by the genitals and you won’t complain because I am a powerful male.” His word to the emerging plurality of Hispanic voters was “You aren’t wanted here because you are rapists and drug dealers.” He literally told Black native-born American citizens to go back to Africa and refused to say that their lives mattered. His advice to college-educated men and women was that they had to make a choice between believing the consensus of the scientific community or believing his unfounded hunches on public health, the environment, and other issues.

          The party that had stood for America’s national unity and security since 1856 chose as its 2020 nominee a man who had over $400 million in personally-guaranteed debts that would have to be paid or refinanced during his term of office, and who had such a bad credit history that no American lender would deal with him. The debt was currently managed by Deutsche Bank, but the voters (and the folks who normally issue security clearances) have no idea who actually holds the notes… except that they are likely to be foreign entities anxious to apply that leverage to influence Federal policy.

          Anybody who had followed the nominee’s career since the 1970s knew what the Republican Party was getting. However, many Republicans simply did not believe that roughly 95% of our Senators would turn into enablers for a runaway Chief Executive rather than serving as a constitutional check and balance. I have to admit that I have been shocked.

          I am sympathetic to the President and First Lady in their illness, but it was a perfectly predictable outcome to anybody who even casually read the advice that the US Government’s own experts were issuing. If the man isn’t even competent enough to protect his own health, why would any rational person entrust him with our nation’s health?

          1. “As a Texas Republican”

            As a pathological LIAR! There, I fixed it for you. 🙄

            “party that catered only to Big Business and older White non-Hispanic anti-LGBT anti-feminist voters without a college education. In the long run, the party could only save itself by becoming a bigger tent.”

            You are talking ancient history stereotypes. The Limousine Liberals are also the party of Big Business and so what? A poor person cannot employ anyone other than indirectly caretaker government services paid for by our tax dollars.

            The Republican Party of today is radically different and the BIGGEST TENT OF ALL PARTIES!!! Do you understand?

            The stereotypes of the 1950s and 1960s, same as the JFK Democrats of the 1960s, pay close attention — no longer EXIST. Please try to keep up with present day reality.

            On the flip side of that coin, the Democrat Party is shrinking in some states and fast becoming the party of HATE, socialism, speech codes, intolerance, anti-gun, anti-religion and working class Democrats are changing registration to Republicans in record numbers, particularly lately in Pennsylvania that went Red for the first time since the 1980s.

            “knew what the Republican Party was getting. However, many Republicans simply did not believe that roughly 95% of our Senators would turn into enablers for a runaway Chief Executive rather than serving as a constitutional check and balance. I have to admit that I have been shocked.”

            What “many Republicans” are you referring to and exactly what is your problem FAKE Republican negatively describing them as “enabling” at 95% — it should be 100%!

            Enabling what the greatest economy in my lifetime before Covid and you have a problem with that? The word is NOT “enabling it is loyal supporters, get a grip.

            “I am sympathetic to the President and First Lady in their illness, but it was a perfectly predictable outcome”

            You do know when you use the word “but” you totally NEGATED everything preceding it and changed the narrative. That we learned in high school Grammar class. Well, I am glad to point out you can’t have it both ways and as usual you have nothing positive to say about our president and the party you PRETEND to belong to.

            That said, redeem yourself and say it with me — TRUMP 2020!👍🏻🇺🇸🦅

  1. Well deserved karma and irony collide, as we knew it would. May the rest of his non-mask wearing supporters on this site come down with the “hoax” and let Darwin do what he does so well.

      1. You can argue about specifics, but not about the generalities, Fwhatever. For many months, the POTUS greatly downplayed the threat of the coronavirus, even after the pandemic began ravaging this nation. Trump’s repeated vomits of Covid-19 misinformation are available on both video and audio recordings. This is undeniable and irrefutable.

        I am sure that people like you can find a way to spin this. I am already hearing that “Trump got coronavirus for America” or something along those lines. But the fact is, he greatly increased his risk of contracting the disease through his own behavior. It is what it is.

        I do not wish coronavirus on anyone. What I wish is that it had been better contained months ago, which would have resulted in far fewer deaths and less economic impact to the U.S. That opportunity passed a long time ago.

        And please do not repeat the “China travel ban” drivel. It was not a ban. Roughly 90,000 people still came in after the “ban.” Similarly, the “European travel ban” excluded several countries with large numbers of infections. But by far the biggest failure was the Kushner and Pence led effort on PPE and infection containment. Eventually they punted and dumped it on the states after wasting $B of taxpayer money. Remember the solar company loans under the Obama Administration that tied Republicans into knots? This was a far, far greater case of corruption.

        You will attempt to belittle me and deny everything. But I am beyond caring. The election will end the minority reign and abuse. Four years of Trump hell is enough.

          1. If you follow any God Emperor, then you are a traitor to the US Constitution.

            Nick, you should either read the document before exposing yourself as an ignorant troll. Where are you based anyway, Kiev, Moscow, or Warsaw? Putin puppet.

        1. “You can argue about specifics, but not about the generalities”

          Right! Who the hell cares about “generalities?” Only those who are incapable of precise reality.

          “For many months, the POTUS greatly downplayed the threat of the coronavirus, even after the pandemic began ravaging this nation.”

          FALSE! President Trump early on for a short time did downplay the virus initially to cheerlead the country and in his own words, “not cause a panic” a totally responsible strategy.

          After the initial revelations President Trump held A LIVE DAILY PRESS CONFERENCE for months with medical experts advising citizens of the latest Covid news.

          So KingME, it is irresponsible and partisan to post he downplayed it for months. Even if he did, what would you expect him to say? You’re all dead from the virus unless you wear a mask that experts have determined are only 55-60% effective?

          “What I wish is that it had been better contained months ago, which would have resulted in far fewer deaths and less economic impact to the U.S. That opportunity passed a long time ago.”

          Here we can somewhat agree. The president is continually blamed for the spread and it is TOTALLY FALSE. The governors are in charge of their state’s population and the responsibility according to the Constitution rests with them. It is clear the states with Democrat governors are locked down TIGHTER to the point unemployment is higher and it is projected 50% of restaurants in New York City will close permanently. This is the direct result of the Democrat Governor and Democrat mayor, not the president. Do you understand?

          “And please do not repeat the “China travel ban” drivel.”

          You mean drivel like Vice President Biden calling President Trump’s DECISIVE travel ban from China racist and xenophobic that saved thousands of lives?!?!? Oh right, the New York Times and CNN did not tell you that so how would you know. 🤣

          “Remember the solar company loans under the Obama Administration that tied Republicans into knots?”

          You mean the millions wasteful spending and failure of Obama administration?

          https://fortune.com/2015/08/27/remember-solyndra-mistake/

          “The election will end the minority reign and abuse.”

          DEFINE and produce PROOF of “minority reign and abuse.”

          “Four years of Trump hell is enough.”

          Certainly for you having a partisan mind wide closed and totally ignoring the record Trump economy in three short years, lifting thousands out of poverty and employing record numbers of blacks, Hispanics and women.

          What can I say except enjoy your partisan ignorance and four more years of prosperity thanks to President Trump…

          1. Excellent work on the brainless propaganda cut&paste Goeb.

            Next time try to prove your assertions with objective data. Oh … but you can’t.

            As we all know, the Moscow Mitch trickledown didn’t flow much further than the corporate executives’ bonus stock accounts, and Trump’s international so-called deal making has caused immediate and lasting damage. With debts as far as you can see BEFORE THE PANDEMIC, the USA has pathetically little surplus resources to drive a strong economy.

            Got those GDP stats handy Goeb? Why don’t you post them. China already has eclipsed the US by some measures, as they have spent the last 30 years using economic diplomacy to get primary access to worldwide natural resources and stealing western IP. 3rd world countries are cosying up to China, who at least helps install infrastructure where they take resources. The US corporations, in contrast, just take and take some more. Then they beg for corporate welfare. All the while dumbass in chief whips up infighting in America, a major distraction as the US accelerates it’s irrelevance. Last century may have belonged to the US, but under the mismanagement of Trump and the prior deficit record setting war mongering republican presidents, the next century obviously is Chinese. Thank the GOP for empowering all the short term thinking corporations of the US that taught China everything they needed to displace you bitter old white supremacist farts. Want a job? Trump didn’t make any for you. But you can always get a job at Amazon or Wallyworld to distribute disposable Chinese junk, some with Apple stickers.

            Trump will be a footnote is history books, thought of even less than Roman Emperor Nero. A corrupt figure who signals the tipping point from global economic and diplomatic leader to confused bitter empire starting down its inevitable decline.

            The best correction would be to elect an honest leader and undo the massive corruption that he ushered in. Preferably a 3rd party candidate.

      2. You first Emperor of Continuous Lying Lies:

        “During a Feb. 28, 2020, campaign rally in South Carolina, President Donald Trump likened the Democrats’ criticism of his administration’s response to the new coronavirus outbreak to their efforts to impeach him, saying “this is their new hoax.” During the speech he also seemed to downplay the severity of the outbreak, comparing it to the common flu. He also said that Democrats’ criticism of his administration’s response to it was a hoax. He muddied the waters by comparing the number of coronavirus fatalities in the U.S. (none, at that point in time) to the number of fatalities during an average flu season, and accusing the press of being in “hysteria mode”:”

        Without a doubt he was treating it and the Democrats view of it as a hoax. Stop lying!

      3. Any words that aren’t completely fawning over Dear Leader have been labeled fake or hoax by grifter in chief and his troll army.

        It is not a very compelling argument to now claim on this one issue Dear Leader didn’t deploy his standard defense. Intelligent people know exactly how the thin skinned jerk thinks.

        Keep standing by for further orders First.

      1. She was also outside and standing at least ten feet away from two unmasked individuals for significantly less time than the President has spent almost every day crammed into Marine One with a half-dozen unmasked staff. The truly revolting thing is that he continued on with his normal unmasked non-distanced schedule for a day after he knew that one of his helicopter companions was symptomatic and after he had started feeling poorly himself. It was the last, best example of the contempt for the health of others that we have seen since January.

        1. Now, another example: a man who is suffering from a highly contagious disease and has a virus load high enough to justify hospitalization and several experimental treatments has ordered a couple of presumably healthy Secret Service agents to risk their health by driving him around in a sealed vehicle for yet another photo op. If he doesn’t care about them, he should perhaps care about the United States that he is supposed to be healthy enough to lead—something that he has made more difficult by ignoring medical advice.

      2. Fat Lady hasn’t sung yet on Trump’s incredible folly & idiocy on controlling the pandemic. And typical for idiot conservatives you leave out salient facts:

        “The bride Barb Solish also noted on Twitter that she and husband Danny Kazin “tested negative,” seemingly for the coronavirus disease COVID-19, ahead of the ceremony.” Ginsberg was at a discrete distance.

        Stupid, lying and disingenuous is something you’ll never stop being as a conservative a**hole. That is in fact your mission in life to deceive and tear down our country.

        1. “Fat Lady hasn’t sung yet on Trump’s incredible folly & idiocy on controlling the pandemic.”

          Total partisan 🐂💩 neglectful of of the full range of FACTS!!!

          I will agree for a short week or two early on president said himself I knew of the seriousness, but I did not want to panic the public and people of the United States. Is that what you are referring to?

          For the second time today, no matter what national strategy or PERCEIVED lack thereof — pay close ATTENTION — the Governors of each state are RESPONSIBLE for the Covid response!!!

          Because thick skulls that do not play FAIR, that would be Fesarius and TxUser I am more than happy to repeat: “Governors of each state are RESPONSIBLE for the Covid response!!!” The president cannot force Democrat Governors to do anything, get a grip!

          The political Biden line their is no national strategy is totally FALSE! President has been articulating a strategy for months, four companies fast tracking a vaccine and early on president closed the borders.

          Your 100% blame on President Trump is partisan childish and false ignoring the full scope of REALITY…

          1. Trump never had a plan. He didn’t want to reveal the full scope of how deadly the virus is. He still makes fun of those wearing masks, including Biden. And forced his doctors or tried to get them to go against the science and kowtow to his brain dead level and scared political ambitions. Or use dangerous methods like medications not designed to fight Covid-19 or injecting bleach. This has all come out and is easy information to find. And now karma at last has given him the virus he assured us was practically gone “like a miracle.” Only it’s not gone, it’s barely getting started.

            Trump is the worst and most irresponsible President the U.S. has ever had. Period. When things got tough, Trump disavowed responsibility and his duty to America. The exact responsibilities a president HAS to be responsible for. And because he didn’t act when he should have we have run out of time and the economy and people have paid the price for Trump’s horrendous failure. Almost 210,000 dead by Trump’s raging incompetence. How can you just ignore this or convince yourself it’s irrelevant? How can you watch Trump in action and not see the conman in our midst?

            This isn’t about politics, it’s about someone with a severe personality disorder who never should have been president. Only rabid conservative morons can’t see it. I’m a right of center Centrist and many Republicans are now coming out against Trump and voting against him because they see the problem. What’s your excuse?

            I equate Benedict Donald supporters with U.S. traitors. Trump has never represented true American values, just his own self-interests. He has none of the qualities of a great president. Try not to be so childishly damned gullible and do what’s right for once in your godforsaken life and vote him out!

            A message from your fellow Republicans:

            1. “Trump is the worst and most irresponsible President the U.S. has ever had. Period.“

              You don’t see through the daily media and relentless Democrat attacks that are far worse.

              President Trump mind you, is the greatest economic turnaround president as well as the most successful first time politician in the history of the USA — historical and unprecedented. PERIOD.

              Although he won’t win Miss Manners awards, so what? Results and substance are far more important than style points and being liked by the media.

              Without getting low in the tedious weeds of your post, I’ll just say — guess you prefer softer speaking PC preaching idiots always on the take enriching themselves at the expense of taxpayers that want to rule every aspect of our lives.

              No thanks, not now not ever. Freedom and MAGA!… 👍🏻🇺🇸🦅

            2. How sad and delusional Goeb (Goebbels Lover) is. He and First Then (Thinking Last) would no doubt vote for every despotic leader in history with their lame justifications failing to see the dangers like the gullible fools they are.

              Stop using the flag! You and your specious idiot ilk are the greatest betrayers of the United States accepting TOTALLY unacceptable behavior from a president who wants to fundamentally change our country. May the karmic fates teach you a harsh lesson you’ll never forget.

              https://evonomics.com/economists-agree-democratic-presidents-better-making-us-rich-eight-reasons/

            3. “How sad and delusional Goeb (Goebbels Lover) is. He and First Then (Thinking Last) would no doubt vote for every despotic leader in history with their lame justifications failing to see the dangers like the gullible fools they are.”

              Childish name calling, @Fesarius is indeed “sad.” In a pitiful attempt you are falsely posting what the two of us think and how we would act. Not a surprise from self righteous false know it alls on the LEFT that make the same mistakes over and over.

              “Stop using the flag!”

              Don’t ever tell me what to do!!! 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸👊🏻

              “You and your specious idiot ilk are the greatest betrayers of the United States accepting TOTALLY unacceptable behavior from a president who wants to fundamentally change our country.”

              Wow, your “specious idiot ilk” baloney is unbelievable beyond words! You have it exactly BACKWARDS!!!

              President Obama set USA on a path away from the Constitution and the founding fathers, you know that evil cabal of all white old men, to world socialism he admires gazing at the EU. Biden and his extreme ultra liberal Bernie and “squad” supporters are INDEED, the gang sights set to “fundamentally change our country.”

              In closing, I have to say truly astonished at your dishonesty and total lack of a GRIP ON REALITY…

      3. Ginsberg died of cancer. She followed best health practices in basically every way she could have.

        Your vain orange idiot intentionally ignored guidelines to slow the spread of the virus and finally got himself infected. But not before urging millions of followers to be just as reckless as he, which undoubtedly has contributed to virus spread at libertarian / trumpet gatherings.

        It is extremely difficult to be sympathetic with people who are so self centered and anti-science. They got the very disease that they claimed was no more severe than a mild flu.

        For the record, your taxpayer dollars have spent more on Donald’s immune-system boosting drugs in the past few days than he contributed in taxes over the last 4 years. Think about that for a moment and then tell us why he pushed so hard for a trickledown tax law in 2017. You know, the one that enabled every major corporate executive to lavish huge stock bonuses on themselves as their corporations repurchased their own stock.

        The US could use some of those overseas corporate executive retirement account nests to make and distribute antiviral medications that Trump claimed over the last 10 months were not needed.

  2. There’s always the possibility of disinfectant or, as a last resort, somehow shining a light on the inside of the lungs. And I didn’t come up with this idea so don’t blame me for repeating the words and ideas of someone else. It’s just I can’t quite remember who it was that came up with this novel approach.

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