The dow futures dropped over 300 points and crude oil dropped $1 when he announced this. .......in less than 10 minutes
https://variety.com/2020/tv/news/president-donald-trump-coronavirus-travel-1203531466/
 | President Trump: All Travel From Europe to United States Suspended for 30 Days – Variety The U.S. will suspend all travel from Europe to the United States for 30 days, in the latest dramatic response to the growing pandemic caused by the coronavirus outbreak. President Donald Trump ann… variety.com |
Dow futures down another 300 to -600 since the speech started and -900 since the Wed. close.
Unleaded gas at 1.06 WOW!
Unleaded dropped below $1.03.
Obviously tied to expectations of a drastic cut in travel and demand for fuel drying up, stocks increasing massively.
Dow futures down over 1,100.
NG getting hit hard.
Corn -5c beans -13, wheat -8.
Wow!
The market really did NOT like that news for the first hour and thats understandable.
This is going to slow the economy down even more. Maybe hurt exports of our ag products.
I would think that barge traffic will not be affected.
"I would think that barge traffic will not be affected."
If the barges don't get unloaded on to export ships the system will get backed up.
Unleaded just dropped below $1.
When was the last time that happened?