Wall Street rebounding as Democrats, media continue beating the coronavirus drum to hurt Trump

Somebody please wake us up when the clown show is over

President Donald J. Trump participates in a live Fox News Channel town hall event with moderators Bret Baier and Martha MacCallum on Thursday, March 5, 2020, at the Scranton Cultural Center in Scranton, Pa. (Official White House Photo by Shealah Craighead)

By Jon Dougherty

(TNS) Democrats and their propagandists in the ‘mainstream media’ obviously believe they have finally found an issue — ‘coronavirus’ — that will ‘hurt’ President Donald Trump ahead of a 2020 election in which their party will nominate a candidate with obvious mental health issues.



And while they are beating the coronavirus drum like their political lives depend on it, reality favors the president. Again.



After shedding nearly 8 percent of its value Monday, the Dow Jones Industrial Average opened Tuesday morning with a 1,000-point surge, followed by other indices, after Trump announced plans to introduce tax breaks and other measures aimed at blunting the economic red ink that is also being exploited by Democrats and their shark media.

CNBC noted:

Stock futures rallied back early Tuesday morning after the S&P 500′s worst day since the financial crisis as investors cheered potential stimulative measures to stem the economic downturn from the coronavirus.

Around 7 a.m. ET Tuesday, futures on the Dow Jones Industrial Average indicated an opening surge of 1,079 points on Tuesday. S&P 500 futures and Nasdaq 100 futures also pointed to a sharply higher open for the two indexes on Tuesday. S&P 500 futures were up 5% earlier in the session, reaching their upside limit.

President Donald Trump floated on Monday the idea of “a payroll tax cut or relief” to offset the negative impact from the coronavirus. The potential tax incentives come on top of an $8.3 billion spending package Trump signed last month.

Meanwhile, oil prices — the real reason behind Monday’s massive market plunge, triggered by dramatic price cuts in Saudi Arabia, which seeks to recapture much of the market — also rebounded somewhat, adding nearly 9 percent and rising to around $34 a barrel by mid-morning.

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As we noted yesterday, the temporary shock to the markets brought on by the Saudis’ oil price manipulation is a geopolitical move to drive down Russian and Iranian oil production — as explained by conservative talker Rush Limbaugh:

But what is happening with the stock market today is 85% this. It is the crown prince of Saudi Arabia declaring open warfare on Russia involving the price of oil and the flow of oil, the free flow of oil at market prices is what this is all about. And the crown prince of Saudi Arabia, he’s taking advantage of the fact that they’ve got more oil than they know what to do with.

Yet, clearly there is an effort by the Left to talk this into a ‘coronavirus’ slump so it can destroy a significant amount of the economy built by Trump and Republicans in time for Democrats to find some way to narrowly slip figurehead president Joe Biden into the Oval Office.

Consider: So far, the only states to declare ‘coronavirus emergencies’ are run by Left-wing hacks who have no love lost for this president or his policies (especially regarding immigration, the holy grail of future Democratic power). Washington state, New York and, yesterday, Oregon — with only 14 known cases at the time — have all declared emergencies though clearly there isn’t one when it comes to this particular outbreak.

The CDC’s numbers tell the story.

USA Features News reports:

Figures released Monday by the Centers for Disease Control and Prevention in an effort to calm jitters over the coronavirus note that this year’s flu season has been far worse, resulting in thousands of deaths including more children than normal.

According to the most recent report from the Centers for Disease Control (CDC), among the roughly 34 million people who have suffered from the flu this season, 20,000 have died.

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Influenza A viruses were the most commonly reported, as opposed to the usual predominance of Influenza B, and there have been 136 recorded deaths of children.

The CDC noted that “rates among school aged children and young adults are higher at this time than in recent seasons and rates among children 0-4 years old are now the highest CDC has on record at this point in the season, surpassing rates reported during the second wave of the 2009 H1N1 pandemic.”

According to the latest info at this moment, there have been just 729 cases of the virus diagnosed in the U.S., and 29 deaths — most of which have been older Americans and those with preexisting conditions.

In other words, the same population of Americans vulnerable to the regular flu.

Now, we don’t know about you, but it sure seems to us that coronavirus is a lot of things except a planet-ending emergency.


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Meanwhile still, on the ground where the actual progress against coronavirus is being made, there is acknowledgement — even from political enemies of this president — that he and his administration are doing the right things.

We bring you California Gov. Gavin Newsom:

GOT SOMETHING TO SAY? COMMENT BELOW

End of session update: By the end of Tuesday, the DJIA finished up 1167.24, or 4.8 percent; the S&P 500 up 135.67, or 4.4 percent; the Nasdaq rose 393.58, or 4.95 percent; and crude oil rose more than 10 percent to close at 34.57 a barrel.


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.50cal
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.50cal

Gold will kill the Fed.

MCLowe
Guest
MCLowe

I love it when lefties say they haven’t felt like one nation in a long time, but they never acknowledge that THEY are the ones most responsible for people not getting along with each other.

MCLowe
Guest
MCLowe

During the Era of Trump, the press and those on the left always go nuts when we have a day or two of off indicators (stock market, etc.). “LOOK! IT’S ALL TRUMP’S FAULT! IT’S THE END OF THE WORLD! WE’VE BEEN TRYING TO TELL YOU FOR THREE YEARS NOW!!!!” I just say, “Wait a week” and sure enough a week later it’s always forgotten and everything is back to normal, or even better than it was before. For some reason, the press and those on the left NEVER come back to say, “Oops, sorry, I guess we jumped the gun… Read more »

IraMad
Guest
IraMad

EVERY ELECTION has had a weaponized
virus freak out!

2004 - SARS
2008 - AVIAN
2010 - SWINE
2012 - MERS
2014 -EBOLA
2016 - ZIKA
2018 - EBOLA
2020 - CORONA

Let’s not lose sight of the fact…
this is Standard Operating Procedure!

Paul Davis
Guest
Paul Davis

FROM THE CDC WASHINGTON.

So how do these numbers compare to flu deaths in previous years? So far, it looks like the 2019-2020 death toll won’t be as high as it was in the 2017-2018 season, when 61,000 deaths were linked to the virus. However, it could equal or surpass the 2018-2019 season’s 34,200 flu-related deaths. 

Sean Hannity Isn't Fake...He's Just Dumb
Guest
Sean Hannity Isn't Fake...He's Just Dumb

I just had to turn off that fiscal idiot Sean Hannity on the radio.
He needs to join ranks with equally as stupid sage of economics-AOC.

george
Guest
george

Communist China + Democrats + Obama holdovers + Fakesnewsmedia + Globalists = “Coronavirus”, the lastest and Hail-Mary attempt to unseat Trump, this time by wrecking the U.S. economy before November. Notice the draconian measures in the news lately, are all in Democrat-controlled hellholes that never can get anything done right anyway. Notice China stands to gain from a few months of economic shutdown: get rid of Hong Kong problem, get rid of Christians and dissidents during ‘quarantine’, get out of recently signed trade agreement, get out of all trade agreements when get rid of Trump, and have excuse for Chinese… Read more »

Jon
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Jon

Would like everyone to thank the Governor of Washington for allowing infected Typhoid Mary’s to travel around and infect other states. That retirement community was a sickness death camp and morons like him did jacksheit about it.

.50cal
Guest
.50cal

Looks like W.H.O. just declared kung-flu a global pandemic. Looks like I was right. Six weeks ago I stated that the satanic elite would need another mass casualty event (human sacrifices) to get them out of hanging at GITMO, and it would likely be a pandemic.

Keep prepping like I told you to do. Bug in, stockpile ammo, gold, guns, and preps.

trackback

[…] "Clearly there is an effort by the left to talk this into a 'coronavirus' slump so it can destroy a significant amount of the economy built by Trump and Republicans in time for Democrats to find some way to narrowly slip figurehead president Joe Biden into the Oval Office," observes Jon Dougherty. […]

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