Thursday, October 22

Remarks by President Trump in Press Briefing August 4, 2020

Highlights:

  • America’s deepest sympathies to the people of Lebanon, where reports indicate that many, many people were killed, hundreds more were very badly wounded in a large explosion in Beirut.  Our prayers go out to all the victims and their families.  The United States stands ready to assist Lebanon.  I have a very good relationship with the people of Lebanon, and we will be there to help.  It looks like a terrible attack,” said President Trump.
  • Approximately 600,000 are without power along the East Coast, and utility companies are working around the clock to restore service as quickly as possible.  I spoke to Governor Cooper, I spoke to Governor DeSantis, and I spoke to all of the people at FEMA, and they’re working very hard,” added Trump.
  • “The Corps of Engineers is ready if needed — the Army Corps of Engineers.  Very talented people.  I urge everyone in the storm’s path to remain alert and to follow the guidance of your state and local authorities.”
  • The Trump Administration conducted a survey “throughout July and showed significant improvement despite the Southwest, in particular, virus hotspots.  The ISM measures — and it’s a very strong measure of new orders.  It rose 5 points in July, to 61.5, in its highest rating, that would be, since September of 2018.”
  • Since the April low, new orders are up over 34 points, which is the largest increase in the history of the ISM, dating back all the way to 1948.  So, 34 points — that’s the largest since 1948. 
  • Homebuilder sentiment, likewise, is soaring, as our home sales sentiment is now higher than last year.  And new homes recently made a 13-year high.  So we have a 13-year high in new home — new home construction. 
  • New business applications are very strong.  That just came out.  The widely followed Atlanta Fed GDP — and it’s something that they have just come out with — now forecasts the new data point and incorporates it into quarterly estimates.  It looks like it’s showing a 20 percent annualized growth in the current quarter.  So 20 percent in the current quarter; we’ll take that all day long.  I — let’s see if that’s right.  That’s a projection.  So we’ll see if that’s right.  The Atlanta Fed — very respected. 
  • Fatalities nationwide are at roughly half the level of the April peak.  So the death — the number of deaths or fatalities are at half the level.  One is too much — one death — because this should have never happened to us.  It should have been stopped at — very easily, by China, in Wuhan.
  • As we race toward the development of a vaccine, we must continue to take extraordinary precautions to shield the elderly, and we’re doing that.  We’re doing that at a level that we’ve never even dreamt possible, both with testing and with common sense.  And those with underlining [sic] conditions, especially the elderly with the underlining [sic] — whether it’s heart or diabetes — they seem to be the two most predominant conditions that cause tremendous problems.  While allowing those at lowest risk to carefully return to work and to school.

Source: White House Office of the Press Secretary