Trump Announces Press Conference... Expected COVID-19 Measures (Summary)

Mnuchin Also Says "Agreement Nearly Reached" Following Pelosi
Dow Jones Surges 5% After Opening but Gains Narrowing

[Asia Economy New York=Correspondent Baek Jong-min] U.S. President Donald Trump announced a press conference related to the novel coronavirus infection (COVID-19) on the 13th (local time) at 3 p.m. (4 a.m. Korean time).

President Trump made this announcement through his Twitter on the same day. The press conference is scheduled to take place immediately after a meeting with CEOs of major pharmaceutical companies involved in the COVID-19 response.

On the morning of the same day, Treasury Secretary Steven Mnuchin appeared on CNBC and stated, "The White House and Congress have nearly reached an agreement on a package bill to address the economic damage caused by COVID-19 in the United States," drawing attention to whether related details will be announced.

Also, Nancy Pelosi, Speaker of the U.S. House of Representatives and a political opponent of President Trump, said a day earlier, "We have nearly reached an agreement. I hope to finalize the agreement tomorrow," which has raised expectations for President Trump's press conference.

At the New York Stock Exchange, which opened that day, the Dow Jones Industrial Average was up 1.01% as of 11:30 a.m., buoyed by hopes for the passage of the COVID-19 response package bill. The Dow initially rose about 5% right after the opening, but the gains have significantly narrowed.

This content was produced with the assistance of AI translation services.