in

What President Donald Trump's positive test means for the election

[youtube https://www.youtube.com/watch?v=zX6GzJ1YlZw?feature=oembed&w=500&h=281]
Brian Gardner, chief Washington policy strategist at Stifel, on how President Trump’s positive Covid-19 test could impact the November election. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

U.S. President Donald Trump confirmed early Friday that he had tested positive for coronavirus, in an announcement that looks likely to spark volatility across global markets.

The president revealed on Twitter in the early hours that he and first lady Melania Trump had contracted Covid-19, just two hours after revealing that close aide Hope Hicks had tested positive.

Trump added: “We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!”

Dow futures plunged more than 450 points on the news and were down by 355 points as of 3:10 a.m. ET, while stock markets in Asia backtracked sharply. European stocks now look set to fall at the open.

Jeff Henriksen, co-founder and CEO of Thorpe Abbotts Capital, said the news would thrust Covid-19 back into the spotlight for investors, upsetting the dueling narratives of Covid as a “slow disaster” versus the belief that the U.S. is emerging out of the crisis into a strong recovery.

“Those kind of narratives have been playing out over the last three months and you can see it in how some days you will see more growth-oriented companies — companies that are deemed to do well in any kind of world whatever happens to Covid — versus companies that need a recovery do well,” Henriksen told CNBC’s “Squawk Box Europe” Friday morning.

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

For info on the best credit cards go to CNBC Select:
https://www.cnbc.com/select/best-credit-cards/

#CNBC
#CNBCTV

Written by

Comments

Loading…

0

What Trump's positive test means for the election

World Leaders React To President Trump’s COVID Diagnosis | TODAY