Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Breaking: White House Doubts China Virus Information – Reports

Published 02/13/2020, 11:58 AM
Updated 02/13/2020, 12:11 PM

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%.

    Latest comments

    Short this market..this is a pandemic that will affect quarterly earnings and outlook greatly.
    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.
    the stocks is a crazy bull now.let it continue to increase its craziness
    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
    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?
    China is playing with time and figures thats all !!! Xi has fooled you this time trump !! forget the phases agreements and slap them
    china lies just like Iran did about shooting down plane.  Big Communist govt. is corrupt
    chinese people are dancing. this virus is not that dangerous and its just a mass media propaganda and fear
       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?
    Democratic Socialists, Communist Socialists, National Socialists, they are all the same. Uder them = no freedom and we all die.
    Oh man, Donald finally took the bait! Now the Chinese government is going to ask for a retreat from the Phase 1 deal!
    That would be a disaster for China and bring more pain to both sides although the pain for China would be worse.
     They are going to ask for "flexibility", we just wait and see.
    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.