Week In Review: How Trump's Policies Moved Stocks - Sunday, March 15

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:

1. STATE OF EMERGENCY: On Friday, President Trump announced that he has declared a state of emergency concerning the COVID-19 outbreak. The declaration allows $50 billion to be used for virus response, Trump announced during a press conference from The White House. He also announced stimulus measures, including waiving federal student loan interest payments until further notice and making oil purchases for the national strategic reserve, adding that "quite a few other steps" will be forthcoming to help the economy.

Meanwhile, the House passed a coronavirus relief plan after hours of talks between Democrats and the Trump administration on how to blunt the economic damage of the global epidemic, CNBC's Jacob Pramuk writes.

2. TRAVEL FROM EUROPE RESTRICTED: President Trump announced on Wednesday that he will significantly restrict travel from Europe to the U.S. for the next 30 days. The President is issuing a proclamation under section 212(f) of the Immigration and Nationality Act to restrict travel to the United States from foreign nationals who have recently been in certain European countries. Section 212(f) of the INA only applies to the movement of human beings, not goods or cargo.

The restriction applies to foreign nationals who have been in the Schengen Area, 26 countries in Europe with open borders agreements, in the last 14 days. Those who are exempt from these restrictions, such as American citizens, will be directed to a limited number of airports where screening can take place. Publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).

3. HEALTH INSURERS: Shares of health insurers were higher earlier this week after a transcript of comments made by President Donald Trump and Vice President Mike Pence was released by the White House. In the transcript, Pence was quoted as having said that, "Pharmaceutical companies are already working, literally around the clock, on the development of therapeutics; that will be medicines that can bring relief to people that contract the coronavirus. And I know how pleased the President was to learn that the commercial labs in this country, led by companies like LabCorp [LH] and Quest [DGX], have already brought a test forward and are taking that to market effective [Monday]. This week, at the President's direction, we'll be meeting with hospital CEOs, health insurance CEOs, and all - building on top of what the President will be announcing tomorrow with regard to economic relief for working Americans."

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