“The markets are going to be just fine, just fine,” Trump told a reporter outside of the White House on Thursday. Many details still remain unclear, however, and a large financial stimulus package doesn’t look likely anytime soon: Democrats and Republicans butted heads over a proposed coronavirus relief bill. European markets also plunged on Thursday, falling 11% for their worst single-day drop ever after Trump’s decision to impose widespread travel restrictions. Crucial statistics: The Dow is on pace for its worst drop since the 1987 ‘Black Monday’ market crash. Further reading: Here’s Everything We Know About The Trump Administration’s Economic Response To CoronavirusTrading Halted For Second Time This Week As Stock Market Sell-Off Intensifies

Source: Forbes March 12, 2020 17:15 UTC