Find out how the coronavirus (Covid-19) breaks the economy in the United States, what will happen now with trading?

Coronavirus - Trading And Finances

COVID-19 is an infectious disease caused by a new virus that had not been detected in humans to date.

The virus causes a respiratory illness like the flu (influenza) with various symptoms (cough, fever, etc.) that, in severe cases, can cause pneumonia. To protect yourself, you can wash your hands regularly and avoid touching your face.

The coronavirus affected the population and the economy, but there is no need to panic or unplanned spending.

The Covid-19 coronavirus impacted not only the health of citizens, the economy of many countries has been affected due to increases in product prices, business closings, travel ban and reduction of tourist activities as a result of the pandemic.

But the medical and physical aspect is not the only one that was affected, the economy and finances also face the problem of the Covid-19, since activities and jobs can be strongly affected due to the restrictions that governments and authorities put in daily activities.

It is a good time to check the coverage of major medical expenses insurance policies since you have to check if we have any that will cover us in case of pandemics. Some insurers do not cover large events such as diseases that spontaneously and uncontrollably affect the population.

Reviewing the cancellation policies of the scheduled flights is one of the preventive measures that must be taken into account. Some airlines are already taking action in cases where transfers are going to Asia and Europe (the areas most affected by Covid-19), so it is always important to be updated on the responses that these companies give. If flight companies cancel reservations for the coronavirus, a full refund must be given.

Another important point is to keep work and housing areas clean and well-groomed, so there is no need to skimp on cleaning resources. You have to have the antibacterial gel ready and buy vitamin foods because this is a good investment in case the situation worsens. Do not make heavy expenses that we do not have planned such as trips or stays in distant places.

Finally, it should be noted that there is no need to fall into collective fear with the advancement of the coronavirus. Panic shopping is an example of what to avoid. There is no need to spend on expensive medical treatments, as it is known that no definitive remedy has been found so far. It is best to stay informed through the communications published by authorities such as the World Health Organization and health entities from countries like the United States and the country in which one is located.

The new economic measures taken by Trump for the coronavirus:

United States President Donald Trump set out to stabilize a shaken nation and shadow economy with a solemn speech in the Oval Office, but instead sowed more confusion and raised questions about whether he can handle the rapidly worsening coronavirus crisis .

Trump spoke to the nation at a terrifying time, when the pace of daily life for Americans begins to take its toll: with the closing of schools, the suspended NBA, hospitals on high alert and the announcement that movie star Tom Hanks and his wife have the disease.

The president unveiled several measures to do this, to help workers who have had to isolate themselves and are affected by the closings, although his call for a payroll tax cut is not popular in Congress.

Trump’s big announcement to keep the virus at bay – which he said was a 30-day ban on traveling to the United States. from Europe and restrictions on shipments – he was immediately engulfed in confusion.

The president then was quick to clarify on Twitter that the travel and not the transatlantic trade in goods were suspended, and authorities said his plan did not apply to Americans or permanent US residents, though such travelers they would face mandatory quarantines.

Trump also caused confusion when he said he had convinced health insurance providers to waive all copays for coronavirus treatments.

A White House official later said the president had meant that copays would not apply to coronavirus testing, but would still apply to treatments for the disease.

Sowing confusion
The confusion was symptomatic of an administration that has often struggled to outline detailed policies and present them consistently. Trump’s main task on Wednesday was to show that he is in charge and that he finally appreciated the seriousness of the weeks ahead. But the confusion over the travel ban turned his speech into a kind of debacle and may further exacerbate the uncertainty about his leadership.

And his announcement of a travel ban was apparently made without consulting the tourism industry or US allies. and it seems ready to cause a massive disruption that will deepen the cascading economic damage unleashed by the crisis.

The move could cause the massive cancellation of transatlantic flights, which could lead the aviation industry to a time of existential challenge. It is also unlikely to do anything to calm investor panic after Wall Street entered a bear market on Wednesday. For example, Dow Futures fell more than 1,000 points after Trump’s speech.

“This is not a financial crisis. It is only a temporary situation that we will overcome together as a nation and as a world, “Trump said in his speech.

On a more fundamental level, the travel ban plan raised basic questions about the president’s understanding of a crisis he has downplayed, blamed Democrats for and predicted would soon disappear.

The guidance from the Department of Homeland Security suggests that the restrictions exempt US citizens and permanent residents, who would face quarantine when they returned home. And the president did not explain why his ban did not include citizens of the United Kingdom, where the virus has also taken root.

But the biggest problem facing the US there are no more cases of coronavirus from Europe, but the disease has taken root in its own territory due to the community spread.

Urgent problems now revolve around how Americans should respond to the situation and to what extent their daily patterns should change. Trump advised stopping non-essential visits to nursing homes, the group most at risk from the virus.

But he did not explain how it would address what health officials fear will become crowded hospitals, the constant lack of adequate testing, or the paucity of resources, such as the respirators needed to keep sicker patients alive.

He argued that the threat was still “very low” for everyone except the elderly and infirm on the same day that one of its top public health officials, Dr. Anthony Fauci, predicted that the current scenario, with more than 1,200 sick and 38 dead people in the United States, “will get worse.”

A speech that will probably divide the nation
For Trump supporters, his speech was likely decisive and bold in facing a national challenge.

But for critics, a family script followed, as he blamed others for the crisis, gloated over self-congratulation and xenophobia, and misled the country about his actions thus far.

“This is the most aggressive and comprehensive effort to deal with a foreign virus in modern history,” Trump said, misrepresenting his own catalog of missteps and those of his administration.

The president did not mention, for example, the shortage of test kits, which means officials cannot even get a solid reading of how far the disease has spread across the country.

Presidents use the speeches in the Oval Office at extreme times, to unite Americans in a challenge that threatens their collective security.

But Trump’s unintentional and almost resentful speech when faced with an external challenge that could threaten his reelection hopes is unlikely to accomplish the important mission of the presidency.

The idea that a virus that affects all humans and is a natural force was some sort of foreign-made threat to attack Americans is staggering in its own conception.

The president did announce a series of measures to support businesses and people with tax breaks and low interest rates as the virus takes hold in the United States.

But Trump’s plan to isolate the country from Europe seems like closing the stable door after the horse has escaped: the virus is already here and infects more Americans every day.

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Disclaimer: Financescity only offer legal, financial or investment advice, but it is not a substitute for the due diligence of each interested party. Financescity does not endorse any of the initial coin offerings (ICOs) promoted here. The content and links provided in each article are for informational purposes only.

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