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Watched the broadcast live, yes it includes cargo shipments. Something tells me the markets are going to react badly to that one
by scottLobster 7y ago
Watched the broadcast live, yes it includes cargo shipments. Something tells me the markets are going to react badly to that one
- yibg 7y agoyea I'm guessing the market will be all red again tomorrow.
- banana_giraffe 7y agoSafe bet, it feel almost 3.75% after hours right after the announcement.
- jmspring 7y agoPorts are basically already at a standstill. I personally feel this policy will get altered as the markets tank further.
- wbl 7y agoForget markets: we make drugs here they need there and vice versa.
- wpietri 7y agoIncluding cargo doesn't make much sense to me. Did they include a justification for this? In contrast, the CDC's take is that "in general, because of poor survivability of these coronaviruses on surfaces, there is likely very low risk of spread from products or packaging that are shipped over a period of days or weeks at ambient temperatures." -- https://www.cdc.gov/coronavirus/2019-ncov/faq.html https://www.cdc.gov/coronavirus/2019-ncov/faq.html
- scottLobster 7y agoBroadcast didn't give any rationale, maybe they're concerned about the ship crews being carriers?
- tssva 7y agoWhat cargo it does and doesn't cover isn't really clear from the announcement. What Trump says often doesn't completely match what the policy turns out to be. When agencies release the actual rules we will know more. I wouldn't be surprised if cargo only meant air cargo.
- rocha 7y agoS&P 500 Futures are already down 3%
- anigbrowl 7y agoThis isn't just about COVID-19. This is economic warfare.
- aabhay 7y agoYou mean economic suicide?
- deleted 7y ago[deleted]
- BryantD 7y agoThey walked back the cargo restrictions: https://twitter.com/AnaSwanson/status/1237921160500830208 https://twitter.com/AnaSwanson/status/1237921160500830208
- dathinab 7y agoHonestly given how long a cargo ship takes from the EU to the USA and given that the crew of ships has basically no contact with the cargo crates this makes no sense at all... The only think I can come up with is that this will allow Trump to show how bad it is that the USA is so much international dependent for certain goods and use that then to push through regulations to enforce more local production. But if it's really that it's quite crazy. A normal travel ban on the other side will slow/reduce/eliminate cross infection between the EU and the USA which can be helpful to slow the spread. But then from all what I can tell it might be at a point where the slowing of the spread caused by EU/USA cross infection doesn't matter due to many more local sources of infection... Well we will see. At least during the ban he can't really put the blame of any increase onto the EU anymore as travel was cut.
- A4ET8a8uTh0 7y agoFutures are already way down. I am almost debating staying home tomorrow just to trade. But as other posters pointed out, he seems to have mispoken.
- advaita 7y agoLooks like they backtracked on that one https://twitter.com/realDonaldTrump/status/1237924658185469954 https://twitter.com/realDonaldTrump/status/12379246581854699...