NY to ZH – the daily reporting from New York at the start of the US stock exchange.
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Presented by Swissquote
Donald Trump’s Covid-19 illness raises two key questions on Wall Street: What does this mean for the ongoing negotiations on a new economic package and what does it mean for the presidential elections? Although the chances of an agreement in the dispute over a new economic package are improving slightly, the cards on this front are still bad. There shouldn’t be a new package before 2021. If it turns out differently, it would be a very positive surprise.
The fact that Donald Trump is health impaired so shortly before the elections consolidates the lead of Joe Biden and that of the Democrats. The fact that Trump often played down the virus and made fun of Joe Biden and wearing a mask in the presidential debate is taking revenge. The risk that the election result will be challenged has increased significantly. The most important thing at the end: I wish Donald and Melania Trump a speedy recovery.