Trump’s New ‘It’s Bad’ Tone on Virus Doesn’t Stop Market Rout
- Trump shifts on Monday from downplaying risk to sounding alarm
- Businesses, states, G-7 leaders took steps before White House
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President Donald Trump’s coronavirus turnaround was swift, sudden -- and behind the times.
House Speaker Nancy Pelosi passed virus legislation early Saturday. Federal Reserve Chairman Jay Powell slashed interest rates close to zero Sunday. And on Monday, a subdued Trump took to the White House podium to say of the coronavirus: “It’s bad.”