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Coping with Covid: Reactions, current impact of President Trump testing positive for COVID-19

By Madison Parry

News of President Trump and First Lady Melania testing positive for COVID-19 spread in the early morning hours of Friday, drawing international reaction. While some fears have been stoked regarding the U.S. economy, the trading market appears to be holding even so far.

In the early morning hours of Friday, Oct. 2, word spread of President Trump and First Lady Melania testing positive for COVID-19.

Vice President Mike Pence sent out a tweet wishing both a swift recovery, the news also drawing in comment from other world leaders such as Israeli Prime Minister Benjamin Netanyahu, France’s government spokesman Gabriel Attal and UK Housing Minister Robert Jenrick.

In the U.S., although there were some fears for the trading season going into Friday morning, after a few small dips in the Dow, it appears most losses have recovered with trading down at 128.36 as of 12:13 p.m. EDT.

In an interview with CNBC, Jeremy Hill, founder and managing director of JB Capital, said he believes the public is suffering from a kind of coronavirus-related news fatigue, and that he would place more emphasis on the positive effect of a new relief package passed by Congress.

“The reality is that the majority of people on Main Street are more concerned with what is going on in their daily lives and what is happening to them, and getting some degree of normalcy there,” Hill said on the television program Squawk Box Europe.

With the new federal assistance, “…people are less concerned with being evicted from their home or their residence…and the fact that maybe there is some degree of stabilization in their income with another $600 check coming,” Hill said.