Coronavirus cases surge as White House continues to downplay the virus causing uncertainty on Wall Street.

As cases continue to surge in the US and across the world, President Trump and his administration continue to deny the virus is getting worst and only that it is getting better.

On Friday, there were 98,000 new Coronavirus cases reported in the US alone.

France along with other countries in Europe began their lockdowns last week.

This comes as scientists and pandemic experts have warned of the dreaded second wave that means an only darker winter.

Dr. Fauci who is the US’s leading infectious diseases expert told The Washington Post in an interview yesterday that, “We’re in for a whole lot of hurt. It’s not a good situation. All the stars are aligned in the wrong place as you go into the fall and winter season, with people congregating at home indoors. You could not possibly be positioned more poorly.”

You can read his full interview with The Washington Post here:

In the interview, Dr. Fauci added that he hasn’t spoken to President Trump since early last month.

President Trump at his campaign rallies continues to downplay the virus and paints the picture that that US is getting better and blames the “Democrats” for wanting to close down the economy.

In reality, that is not the case. Wall Street struggled on its own after having had a very turbulent week last week and is expected again this week as the US election takes place on Nov. 3rd.

Investors are worried the American people may not know who their President is on Election Day which leads to much uncertainty on Wall Street.