“The President would like to share the attached image with you and send the following message:” Since the opening of the press conference, the biggest day in the history of the stock market! “” read the note, a copy of which was obtained from CNN from a source who knew it.
The message did not mention the global coronavirus crisis, the number of people who have died or been sick, nor the fact that he had just declared a national emergency. More than 2,200 people had been diagnosed with coronavirus at the end of Friday evening and 49 died.
During the press conference, Trump declared a national emergency that would free up $ 50 billion in federal resources to fight the coronavirus. The announcement was part of a series of new measures that Trump hopes to be able to keep the arduous health crisis under control after a week of market swings and serious disturbances in everyday life.
Trump started speaking at 3:29 pm, about half an hour before the markets close.
Boasting about the stock market, the President was picking up a one-day rally over a period of major sales and a 20% drop which was the fastest in history.
Friday was the best day for equities since 2008, but the S&P 500 ended the week with heavy losses and Thursday fell into a bear market.
The rally of the day also came the day after the worst day for stocks since the 1987 crash.