White House’s Birx: We see improvement in coronavirus situation across major cities

Deborah Leah Birx, the Virus Response Coordinator for the Trump Administration's White House Coronavirus Task Force, recently crossed wires, via Reuters, while striking an upbeat tone.

Key quotes

We see improvement in coronavirus situations across major cities including New York and Chicago.

Not seeing a decline in the Washington DC metro area yet.

Still seeing outbreaks in nursing homes in rural areas.

Market implications

The news adds to the recently announced updates from the US that positively affect the market’s risk-tone. The result could be witnessed in the S&P 500 Future’s 0.25% gains by the press time of the initial Asian session on Wednesday.

• US Senate passes $484 billion coronavirus relief package

• US President Trump: 20 states moving along pretty quickly towards reopening

• US Treasury Sec. Mnuchin: Looking at all options on energy independence