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Breaking: White House Doubts China Virus Information – Reports

Published Feb 13, 2020 11:58AM ET Updated Feb 13, 2020 12:11PM ET
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Investing.com – The Trump administration is skeptical about information on the Covid-19 virus coming out of China and believes the number of cases is being under-reported, according to published reports Thursday.

  • The White House thinks the number of cases have been under-reported by at least 100,000 and that China is “severely” under-reporting the number of deaths, Fox Business reported, citing administration sources.
  • China also “continues to rebuff American offers of assistance,” CNBC reported, citing a senior administration official.
  • Despite these reports, the main indexes on Wall Street remained off earlier lows. The S&P 500 was off 0.1%, with the Nasdaq Composite down 0.1% and the Dow Jones Industrial Average down 0.3%.
  • Breaking: White House Doubts China Virus Information – Reports
     

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    Comments (7)
    Luis Cortes
    Luis Cortes Feb 13, 2020 2:58PM ET
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    Short this market..this is a pandemic that will affect quarterly earnings and outlook greatly.
    fab fiveuser
    fab fiveuser Feb 13, 2020 1:38PM ET
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    It will end badly tomorrow for stocks as I dont think anyone wangs to hold it iver the weekend. Honestly, China never will go out of the way to publicly fire the head of that providence and make their government look bad. They are hiding something and they are trying to pin it on someone else.
    igwe igwe
    igwe igwe Feb 13, 2020 1:38PM ET
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    the stocks is a crazy bull now.let it continue to increase its craziness
    Howl Jenkins
    Howl Jenkins Feb 13, 2020 1:12PM ET
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    Anyone with half a brain should realize that China has been lying this whole time. You don't build ONE THOUSAND bed hospitals in 5 days for a virus that kills fewer people than regular flu often does. Shanghai and major cities look empty because people are so afraid. Keep buying stocks lmao
    Marcelo Leslie
    Marcelo Leslie Feb 13, 2020 1:02PM ET
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    Get ready for the following sequence... china virus much worse than ever expected... mkt mini crash.... new spin..in a world of uncertanty what better place to park your money than the US??? ... mkt up 25% while we walk over dead bodies ... makes sense right?
    Stephen Cassar
    Stephen Cassar Feb 13, 2020 12:29PM ET
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    China is playing with time and figures thats all !!! Xi has fooled you this time trump !! forget the phases agreements and slap them
    pete saneaki
    pete saneaki Feb 13, 2020 12:26PM ET
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    china lies just like Iran did about shooting down plane.  Big Communist govt. is corrupt
    Mahmud Suleymanov
    Mahmud Suleymanov Feb 13, 2020 12:26PM ET
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    yeah like US never lied. its the biggest lliar country.
    Mahmud Suleymanov
    Mahmud Suleymanov Feb 13, 2020 12:26PM ET
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    chinese people are dancing. this virus is not that dangerous and its just a mass media propaganda and fear
    pete saneaki
    pete saneaki Feb 13, 2020 12:26PM ET
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    Mahmud Suleymanov    yes,  we have plenty of corruption too,  But trump trying to fix it.  China has nobody trying to fix it,  that is still alive.   I hope you are right about virus?
    Gervais Christopher
    Gervais Christopher Feb 13, 2020 12:26PM ET
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    Democratic Socialists, Communist Socialists, National Socialists, they are all the same. Uder them = no freedom and we all die.
    Xin Zhang
    Xin Zhang Feb 13, 2020 12:21PM ET
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    Oh man, Donald finally took the bait! Now the Chinese government is going to ask for a retreat from the Phase 1 deal!
    Ben Brown
    Ben Brown Feb 13, 2020 12:21PM ET
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    That would be a disaster for China and bring more pain to both sides although the pain for China would be worse.
    Xin Zhang
    Xin Zhang Feb 13, 2020 12:21PM ET
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    Ben Brown  They are going to ask for "flexibility", we just wait and see.
     
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