Trump: Every aspect of our society should be prepared for coronavirus
President Trump says the U.S. should be ready to tackle a potential coronavirus outbreak, but he’s not concerned about it.
U.S. equity futures suffered a steep decline overnight after President Trump announced the U.S. was stepping up its efforts to combat the coronavirus outbreak that began in China.
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The major futures indexes are indicating a loss of 0.7 percent, or more than 180 Dow points.
In Asian markets, Japan's Nikkei lost 2.1 percent, Hong Kong's Hang Seng lost 0.7 percent and China's Shanghai Composite gained 0.1 percent.
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Trump told reporters he was open to spending “whatever's appropriate” to fight the virus, after the Senate Democratic Leader Chuck Schumer of New York suggested $8.5 billion instead of the requested $2.5 billion. He put Vice President Mike Pence in charge of the effort.