President Trump takes “a very strong step toward increasing domestic production by enforcing Buy American requirements for pharmaceuticals and medical supplies”

President Trump takes “a very strong step toward increasing domestic production by enforcing Buy American requirements for pharmaceuticals and medical supplies”

President Trump will announce an Executive Order insisting on American-made medical supplies and pharmaceuticals in response to the coronavirus outbreak.

Time to Step Back, Focus on Investing Not Day to Day Speculation, Do Not Sell American Markets Short

Today, tabloid and irresponsible journalism, is causing panic through unwise coverage that is dominating MSM, compounded by instant commentary and nonsense on social media. This prays on human fear and uninformed investors.

Daily event cancellations, containment of countries, regions or zones caused by the Coronavirus, rapid decline in equity values, treasury yields at record lows, Crude Oil prices dissolving into the $20’s bbl range, caused by Russian and Saudi self-interest to crush a highly leveraged US shale oil industry.

At the same time, sensationalistic social media modify and magnify negative sentiment, thus creating uncertainty and fostering fear.

Markets always react poorly to fear and uncertainty.

Truth is Key!

Perspective: The Coronavirus is spreading. It will continue for a while. But, so far 30 people have died from it in the US since January. That compares to 41 people murdered each month in Chicago during Y 2019 and thousands that die of opioid addiction annually. And, compares to more than 14,000 dead and 250,000 hospitalized during the 2019-2020 flu season, according to the Center for Disease Control (CDC). And about 121,500 people have been infected worldwide and 4,383 have died, according to a Reuters tally of government announcements.

The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three weeks to six weeks to recover. In mainland China, where the virus 1st exploded, more than 80,000 people have been diagnosed and more than 58,000 have recovered so far.

Tuesday, President Trump urged Americans to be calm about the spread of the coronavirus, after meeting with Senate Republicans on Capitol Hill.

It hit the world and we’re prepared and we’re doing a great job with it and it will go away, just stay calm,” President Trump said, adding, “Everybody has to be vigilant and has to be careful but be calm, it’s really working out, and a lot of good things are going to happen.”

It was a great meeting, there is great unity in the Republican party,” President Trump said that the party was “mostly all there” on a payroll tax cut.

President Trump also said he did not feel it necessary to test himself for the virus, as long as he has no symptoms.

I do not think it’s a big deal, I would do it, I do not feel any reason, I feel extremely good, I feel very good,” he said. “I guess it’s not a big deal to get tested, and it is something I would do.”

President Trump said he spoke to the White House doctor, who told him that as long as he had no symptoms, there was no reason to do it.

The President met with Senate Republicans on Capitol Hill to discuss stimulus plans to help with the economic slump sparked by the virus. He promised to help the cruise line and airline industries affected by the crisis.

It was a great meeting, there is great unity in the Republican party,” President Trump said that the party was “mostly all there” on a payroll tax cut.

Making and Keeping America Great!

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.