Stocks surge on Wall Street, sending Dow Jones up more than 2,100 points – biggest-ever point gain since 1933 – as Congress nears a deal to mitigate damage from coronavirus outbreak.
Global death toll from coronavirus is 6,000, with more than 145,000 confirmed cases, according to the World Health Organization, which declared the outbreak a pandemic.
The Dow Jones Industrial Average jumped 9.4 percent, its best gain since October 2008, as stocks doubled their gains in the last half-hour as Presidential Donald Trump held a press conference on the administration's response to the coronavirus.
After days of playing down the threat, he blamed the European Union for not acting quickly enough to address the novel coronavirus and claimed that US clusters were “seeded” by European travellers.
The Harvard graduate is the first Pakistani and Muslim American to head up a major presidential campaign.
US President Donald Trump gathered scores of loyal Republican legislators, his legal team, wife Melania and White House aides in the ceremonial East Room and brandished the front page of The Washington Post reading: "Trump acquitted."
US President Donald Trump celebrates his acquittal on impeachment charges in a speech that drew on White House pomp to underscore the fact that he remained in office.
The State of the Union address was overshadowed by the rivalry between House Speaker Nancy Pelosi and the president — a battle that stretches back years.
House Speaker Nancy Pelosi signs two articles of impeachment against President Trump before they are delivered to Senate, where Trump faces trial on charges of abuse of power and obstruction of Congress.
The Democratic-led House of Representatives voted to send two formal charges against President Donald Trump to the Senate, clearing the way for only the third impeachment trial of a US president to begin next week.
Majority Leader Mitch McConnell said the House of Representatives would probably deliver the articles of impeachment against the US president to the upper chamber on Wednesday.
On Sunday, US President Trump wrote on Twitter that a full trial would give the Democrats undeserved credibility, and appeared instead to favour the Senate quickly dismissing the charges.
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