Stocks bounce on potential President Trump hospital discharge, stimulus hopes

U.S. stock index futures bounced on Monday as doctors said President Donald Trump could be discharged from the hospital where he is being treated for COVID-19, while signs of progress with a new fiscal stimulus bill also lifted sentiment.

The president made a surprise appearance when he briefly left the hospital and drove by, waved, and gave thumbs up to supporters who had gathered outside before returning to Walter Reed shortly after. Trump supporters had gathered for an event hosted by ‘Women for America First,’ with Trump 2020 flags and signs for a prayer vigil Saturday night.

President Trump thanks supporters from the presidential SUV outside Walter Reed Medical Center
President Trump thanks supporters from the presidential SUV outside Walter Reed Medical Center

Supporters returned later Sunday morning, waving “Trump 2020” flags, and honking car horns. Flowers were piling up on the sign outside the main entrance to the facility.

Reuters:

Flowers for President Trump from supporters outside Walter Reed National Military Medical Center
Flowers for President Trump from supporters outside Walter Reed National Military Medical Center
Wall Street’s main indexes sold off sharply on Friday after Trump’s announcement that he had contracted the disease added to political uncertainty just a month away from voting in the presidential election.

Feeding the improved tone were comments from House Speaker Nancy Pelosi, who said on Sunday that progress was being made in talks with Treasury Secretary Steven Mnuchin on a new bipartisan package of coronavirus relief measures.

Heavyweight tech-related stocks including Apple Inc, Nvidia Corp, Netflix Inc, Amazon.com Inc, and Microsoft Corp were up about a percent in premarket trading after weighing heavily on the Nasdaq on Friday.

MacDailyNews Note: Apple is up slightly (1.11%) on the open.

25 Comments

    1. @ Fist Them

      What was that you were saying about Trump emerging from the White House residence after a case of the sniffles? Oh, oh, you say what you really meant was Trump emerges after being hospitalized, needing supplemental oxygen multiple times, having a lung infection, difficulty breathing, a spiking fever, requiring three different advanced treatments, and asking hospital staff if he was going to die. Maybe you won’t be so dismissive of COVID-19 now that your dear leader had it and is having much more trouble than the sniffles.

      1. Well Met Mr. President.
        Well Met Indeed.

        You are sound in mind and policy.
        You are a stalwart patriot.
        You are a voice of reason speaking against legions of the most vile absurd.

        Standing by sir.

        #maga
        #Trump2020

      2. What I said is exactly what will happen and, in fact, is already starting to happen.

        “When the president and first lady emerge after a case of the sniffles, the spotlight will be on Democrats who’ve wrecked their cities’ and states’ economies and millions of working people’s lives and finances, likely forever, with endless, stupid lockdowns over what amounts to nothing for the vast majority of people.”

        “Don’t be afraid of Covid.” – President Donald Trump

          1. The corrupt administration and the trolls refuse to admit the actual timeline of his testing. As significant numbers of WH staff test positive, the tracing will gave to be done urgently and openly. The operations of the government could be heavily affected as the WH is now a Covid hot spot.

            But this admin isn’t even trying to perform an effective quarantine. They are more interested in photo ops with The Chosen One signing blank sheets of paper at Walter Reed.

            The real reason he has to go back to the WH medical bunker is because the TV is better there. Can’t live without getting his daily Faux Newz.

            Instead of enlisting Pence to perform some presidential functions, Pence is off campaigning extreme rightie evangelists. So who’s got the executive responsibility, Unelected Ivanka or Unelected Jared?

            Flush the contagious turd on Nov. 3rd!!!!

        1. @ Fist Them

          “When the president and first lady emerge after a case of the sniffles”

          You were referring to Trump and the first lady emerging from the White House residence after an illness that was so mild that they would spend their entire quarantine period at the White House residence. That didn’t happen. Trump had to be hospitalized and given three advanced and aggressive COVID-19 treatments in addition to putting him on oxygen. Hospital staff report that Trump was so ill at one point and so afraid that he asked if he was going to die. That’s some case of the sniffles. You were wrong. As usual. Nice attempt at spinning it though. Top marks for effort.

    1. “There is a cult of ignorance in the United States, and there always has been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that ‘my ignorance is just as good as your knowledge.’”

      Issac Asimov

    1. The election of Donald Trump did not create the left’s hate, it simply revealed it.

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