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Breaking: Trump to Declare National Emergency on Coronavirus

Published 03/13/2020, 11:32 AM
Updated 03/13/2020, 11:33 AM
© Reuters.

© Reuters.

Investing.com - President Donald Trump will declare Covid-19 a national emergency in an effort to speed up the response to the virus in the United States, according to published reports.

The stock market had a limited reaction to the report, with the S&P 500, up 1.5%, still rebounding from Thursday’s sell-off but well off highs for the day.

By invoking the Stafford Act to declare an emergency, the president will free up more federal aid to states and cities, Bloomberg reported. The measure would also allow more leeway to states to use Medicaid resources to treat patients, according to the LA Times.

Trump will hold a press conference at 3 PM ET (19:00 GMT).

Latest comments

On the road to the October 1929 memorial ...
That’s not good men Go slow (( No rush hospital pls!
If 200 million American get.it and. 3% die = 6 Million vs 20-50000 for flu. It's a whole lot more then flu and there is no vaccines.
You would have thought our leaders would have thought about that five months ago. Do they really understand that now? Or the hoaxer Trump has created an environment of fantasy that has undermined reality. A real tradegy to our future.
Wear a mask and don’t go outside. You’ll be fine
so simple, but “proud and free” Anericans better choose to go their own way without masks and fear. And it’s not even silly, it’s worse, huge part of this fault on people, not leader or system
As many as 200,000 to 1.7 million people could die. Dr. Lawler’s calculations: 480,000 deaths, which he said was conservativeBy contrast, 20,000 to 50,000 people have died from flu-related illnesses this season according to CDC.
Very good move by the government, although a bit late, which markets see it as desperately wanted leadership coming up for todays rally. However, would all these measures work as effectively as China did? It remains to see. I stll do not see the same strict, swift and coordinated deployments of all the resources at this fight, despite a joint efforts from the public and private sectors, and we still have not seen how militaries play their roles. National Emergency is a major emergency, why militaries look like not a business of theirs?
On the road to the October 1929 memorial ...
The market and gold are going to continue to fall across the coming weeks. Wuhan flu isn't getting diagnosed fast enough in the U.S. This happened near me. Lot's of folks just like the guy in this article are being sent home to infect countless others. https://www.victoriaadvocate.com/news/health/update-yoakum-hospital-explains-how-it-s-handling-covid-/article_13560874-653c-11ea-b6be-eb1589af100b.html
The red is far from over.I agree with a previous Gold should be rocketing
https://www.worldometers.info/coronavirus/
There is something very wrong here. The markets should fall like rocks and gold skyrocket
70% of Gold already controlled by H fund , Banks, Institution since long time.. this time is not the same from 1987 or 2008.
True. And Gold will but not until it is stopped being used to pay for margin calls on equity and other commodities.
nope, sell gold to have cash.
Says who again speculation
Heal the world, make it a better place,for you and for me and the entire human race.
Yes, everything is lovey dovey...Oh, would you vote Trump or...
Viruses are nature’s cle ansing agents it prevents overpopulation and deterioration of the human genome
His book? No, some schooling on what his lacking theories are? yes. What about you read L.Ron Hubbard book? Should you then believe it? I.d think not In fact why not search "is darwinism disproved". You may learn some facts other than opinions.
BTW Andrew, I am reasonably educated. I have a good job. I hope you do. I understand you've not read everything like me but I urge you to do the search I mentioned and check the reputations of the authors then read a few of the informations you see. Perhaps you'll be surprised?
 I do believe in science and not in "god" . Religions are for weak minded people and their purpose is to let the poors and the sheep majority trust they got a s...t life on earth to get them under control making and promise you will get something better for eternity but no one care cause no one ever come back from Thanatos passage's. Good luck with you evangelist stuff and  NOAH'S ARCH
As always everyone is more concerned what he said than what he did.
A crock pot full of dislike, right? the previous administration caused this making Republicans how is it put? Or yes go to the back of the bus we won you'll do what we say. With his shovel ready jobs we went through a zillion dollars I know nothing we pave the few roads gave other countries money they really spent it bankrupt companies Etc
Well atleast Donald Trump is trying to do something imagine if someone was from The Democratic Party and Democratic Socialism would be incharge of our country now? We would have Open Borders, Sanctuary Cities, illegal immigrants, Convicted Felons free housing voting privileges.
nicely said Thomas-
   anarchists are the exact opposite of socialists.    Socialists seek to use the State to oppress minorities.  Anarchists don't believe in using violence to achieve their goals.   Hence why socialist leaders all become super rich working in government.
I tried very hard and spent a lot of time attempting to mention a few reasonable things but was blocked both times. sorry.
More funding so the declaration was a no brainier.
Biden, the acting president, already declared one yesterday.
Fuzzy Joe...watch for the Durham Indictments -
haha
These Democrats behave as if Trump went to China contracted Corona came back and breathed on everyone. Nothing he does or doesn't do puts a dent in their distorted minds and hatred for the Man.
he's already been in talks with FEMA it takes time to organize any disaster management. all states must be involved to include the governor's of each state. I worked with FEMA on management planning it is quite involved and may take at least another 2 weeks to full execute. I also think now the people and the the inevitable spread take precedence over markets. if you destroy the supply chain you destroy the trade. then all ********breaks loose. my 2 cents. be safe everyone
It takes time? We had three months to prepare for this since the first case in China. We just chose not to do anything because we are very cool and these virus are foreigners for foreigner people and this is America.
didn't you hear that the Chinese didn't do this? That USA did it? You're behind the times by all your socialist friends are all aware of what really happened have our CIA did this. Come on get a grip buddy.
Socialist friends? This is not a political point of view Mrs republican, oh hey i am a republican myself i just chose not to be blind every ones in a while. Cheers
Come on guys, let's be fair, Trump has always been consistent and quicker than Obama response to H1N1. He canceled travels from China way back in January...coronavirus is deadly yes but swift reaction from the government has slowed down its spread.
you scream at the sky too?
this isn't even comparable and H1N1 started in our backyard
naw I scream "fake news" when I don't like the facts.
nasdaq will shutdown or not?
nope, if that is so Market would have ran down like water now
this is a propoganda to squeeze share market from retailer
Till now he was sleeping.... Not a big deal for him...
You writing that FROM the Mall kid?
Social engineering. Welcome to the sheep farm.
Social engineering. Welcome to the sheep farm.
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