President Trump will hold an outdoor rally in New Hampshire next Saturday, with his campaign saying on Sunday it will pass out face masks and hand sanitizer to attendees.
The rally will take place at Portsmouth International Airport. In June, Trump held his first campaign event in months at Tulsa's BOK Center. About 6,000 people showed up, a smaller-than-expected crowd. Hogan Gidley, Trump 2020's national press secretary, said in a statement the campaign is looking forward to "so many freedom-loving patriots" coming to the New Hampshire rally and "celebrating America."
The number of coronavirus cases continues to climb across the country, and Ray Buckley, chair of the New Hampshire Democratic Party, told Reuters the rally will "only further highlight the chaos" Trump has caused in his "woefully inadequate" handling of the pandemic. Catherine Garcia
Former Vice President Joe Biden rallied on Super Tuesday, taking nine of the 14 Democratic presidential primaries in play and surpassing Sen. Bernie Sanders (I-Vt.) in delegates to date. And the health insurance industry was seemingly pleased to see it.
Health stocks and insurers are predicted to outperform the broader market Wednesday, Bloomberg reports, because Wall Street was reassured by Biden's resurgence. The vice president wants to build upon former President Barack Obama's Affordable Care Act, as opposed to Sanders' preferred Medicare-for-all, which is a threat to the private insurance industry.
Companies with ties to government-run health care like UnitedHealth Group Inc, Centene Corp, and EHealth Inc. jumped 10 percent, 8.2 percent, and 2.6 percent, respectively.
Jared Holz, a health care strategist at Jefferies, told Bloomberg that Biden's Super Tuesday performance "will spur positive returns across the health care insurance peer group," but he added that the Democratic presidential race has already proved that it shift gears rapidly, which makes long-term prospects harder to forecast. Read more at Bloomberg. Tim O'Donnell
The Federal Reserve is here to save the day — at least on Wall Street.
U.S. stocks had one of their best days of the year on Tuesday, The Wall Street Journal reports, despite the recent anxiety that has spilled over ever since President Trump has announced his latest tariff binge, which had previously sent stocks and bond yields into a bit of a tailspin. That's because Federal Reserve officials have hinted that the Central Bank could lower interest rates if the economy slows in response to the protectionism, alleviating some fears. Fed Chairman Jerome Powell said the agency is "closely monitoring" the implications of the tariffs and will "act as appropriate" to keep the economy afloat.
The Dow Jones Industrial Average jumped 512 points, or 2.1 percent, just two trading days after hitting its lowest point since late January. The S&P 500 rose 58.82 points, also 2.1 percent, while the Nasdaq Composite grew by 194.10 points, a 2.6 percent increase. It was the biggest one-day advance for all three indexes, the Journal reports. Tim O'Donnell