The New York Stock Exchange suspended trading shortly after opening today as markets fell hard and fast over the European travel ban announced last night by President Donald Trump. The Dow Jones fell 1700 points (7%), a drop matched by the S&P 500 and NASDAQ indexes.
US stocks sold off sharply for the second straight day after President Donald Trump banned European travel to the United States. Wall Street investors are worried about the scale of the coronavirus pandemic and its economic consequences. ...
Trading is halted for 15 minutes when when the index hits first two circuit breakers: a drop of 7% and again when it falls 13%. A circuit breaker can be triggered only once per day, so if the S&P drops 7% upon the re-open, the market doesn't close again.
If the index falls 20%, trading is suspended for the rest of the day.
Trump announced the 30-day ban on travel from Europe in a televised address to the nation as a response to the coronavirus pandemic, but he seems to have been confused on some of the details and exemptions as described in the formal announcement. Chaos reigns.
• One Trump fundraising event in Dallas next month has a price tag of $580,600 per couple. Impeached president Donald Trump is scheduled to headline in-person fundraisers as early as June, which would be his first since the coronavirus outbreak stopped campaign events in March.
Buzzfeed News reporters obtained the explanation offered by United States Department of Homeland Security’s CBP to congressional staffers who asked why it decided to fly a Predator Drone over Minneapolis during the protests over the killing of George Floyd.
Donald Trump on Friday afternoon claimed to be completely ignorant of the racist history of the phrase ‘when the looting starts, the shooting starts,’ which he tweeted, and the White House retweeted, and which was also posted on the Presidential Facebook account.
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