Prognosis
Coronavirus Crisis Seeds Chaos in Washington and on Wall Street
- Trump reassures Americans as worrying signals emerge
- S&P has worst loss in eight years; market enters correction
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In the 24 hours after President Donald Trump assured Americans that the response to the coronavirus was well in hand, signs of disorder began to emerge from Washington to Wall Street.
The Trump administration was accused of not providing protective gear or training to workers who helped evacuate Americans from the outbreak’s origin in China. Diagnostic kits distributed to cities and states have failed to work, limiting the ability of front-line health workers to search for the virus. In California, the first patient without ties to a known case was diagnosed, raising fears that the pathogen is already quietly circulating in parts of the country.