President Donald Trump is set to declare a national emergency amid the coronavirus epidemic to speed up the response to the growing ciris.
Brazilian President Jair Bolsonaro, who dined with President Donald Trump on Saturday at Mar-a-Lago, has tested positive for coronavirus.
Trump, who shook hands with his Brazilian counterpart at that meal, has not gone into voluntary self-quarantine, despite CDC guidelines describing someone in his situation as ‘medium risk’ for infection.
On Thursday, Trump was quick to brush aside the concerning matter of Bolsonaro testing positive and their formal encounter.
The US president is set to hold a press conference at 3pm on Friday at the White House. He is expected to declare a national emergency and open the door for more federal aid to states and cities.
US stocks rose at the announcment that Trump was likely to invoke a national emergency. The S&P 500 Index rose nearly 2% shortly after 11:30am (EST). The rise comes after US equities hit the worst low since 1987 on Thursday.