Skip to main content

First Presidential Debate: What Wall Street Should Watch

Author:
Publish date:
Video Duration:
1:49

In a first presidential debate riddled with personal attacks and interruptions that even led moderator Chris Wallace to ask for an end of disruptions, 2020 presidential candidates President Donald Trump and former Vice President Joe Biden sounded off on issues ranging from the nomination of Amy Coney Barrett to the Supreme Court to the integrity of the current race.

Prominent in the debate as well as in the minds of many voters, however, was the Trump administration’s approach to the coronavirus pandemic and its impacts to the economy.

As of the debate Tuesday night, the U.S. has reported over 7.1 million cases of coronavirus, with 205,966 deaths.

Trump began by applauding the efforts of his White House saying, “People that would not necessarily been on my side said ‘President Trump has done a phenomenal job.” Trump added, “We got the gowns. We got the masks. We made the ventilators. You wouldn’t have made ventilators. And now we’re weeks away from a vaccine. We’re doing therapeutics already. Fewer people are dying.”

Biden said that Trump had no plan and pointed to the number of Americans who have died since the pandemic reached the U.S. Discussing Trump’s approach to the pandemic, Biden said, “he either panicked or looked at the stock market.”

On Monday, the Dow Jones Industrial Average finished down 131 points, or 0.48%, to 27,452, the S&P 500 declined 0.48%, while the Nasdaq was off 0.29%.

Watch more of the biggest moments from the first presidential debate in the video above.

More on Politics and Your Portfolio:

How to Pick Stocks Now For a Trump Presidency

How to Pick Stocks Now For a Biden Presidency

Jim Cramer's Stock to Buy Ahead of the Election

Related Videos