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Added on the 03/10/2020 13:32:16 - Copyright : Wochit
The stock market took a dive on Friday on news that US President Donald Trump has tested positive for COVID-19. According to Business Insider, industry experts think the cruise industry could take a hit from the news. Macquarie analyst Paul Golding says an event raising the visibility of the virus could 'potentially alter the timeline for full resumption for the cruise lines.' Golding added that anything that increases the likelihood of a new administration in January could negatively impact cruise supply and demand. He explained that a new administration would likely be less sympathetic toward cruise lines reopening without a vaccine. Furthermore, a Biden administration would likely be 'more keen to follow doctor, scientist, and expert recommendations.'
At least three top Republicans plan to miss President Donald Trump's farewell ceremony. House Majority Leader Mitch McConnell and Rep. Kevin McCarthy will attend church with Joe Biden. Vice President Mike Pence is unable to make it due to logistical issues, says Business Insider. Many people see this as the final snub to Trump from his once-closest allies. Others may also fail to attend but none so far have been confirmed outside of these three. Joe Biden is set to take office tomorrow and become the 46th President of the United States.