Nov 5, 2017

Trump explains out-of-nowhere Aramco tweet to Saudis

Photo: Andrew Harnik / AP

Trump tweeted on Saturday: "Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!"

Trump to reporters on Air Force One, asked about the tweet: "[R]ight now [the Saudis are] not looking at it, because of litigation, risk and other risk, which is very sad, they're not looking at it, but I want them to strongly consider the New York Stock Exchange or NASDAQ, or frankly anybody else located in this country, but those are the big two. So either NASDAQ or the New York Stock Exchange. I just spoke to the King a little while ago, and they will consider it... I know they're looking at London, I know they're looking at others, they're probably looking at themselves, they have a much smaller stock market. So I would like them to consider the New York Stock Exchange or NASDAQ."

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  1. Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851Map.
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Stocks jump 7% despite bleak coronavirus projections

Photo: John Nacion/NurPhoto via Getty Images

The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.

Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.

Boris Johnson moved to intensive care as coronavirus symptoms worsen

Photo: Peter Summers/Getty Images

U.K. Prime Minister Boris Johnson has been taken to the intensive care unit of St. Thomas Hospital in London due to increasingly severe coronavirus symptoms.

The backdrop: Johnson was admitted to the hospital on Sunday for what Downing Street called "routine tests" because his condition had not improved 10 days after he tested positive for the virus. His condition has since "worsened," according to a statement, and Foreign Secretary Dominic Raab will step into his place "where necessary."

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