Trump, in a rare Oval Office address to the nation, said the month-long restriction on travel would begin late Friday, at midnight. Trump spoke after days of confusion in Washington and in the face of mounting calls on the president to demonstrate greater leadership. And Trump misspoke when he said the prohibitions would “not only apply to the tremendous amount of trade and cargo, but various other things.” The official proclamation released after Trump spoke made clear it applies to people, not goods and cargo. Even as Trump spoke from behind the Resolute Desk, the pandemic’s ferocious rewriting of American daily life continued. He said the virus is “10 times more lethal than the seasonal flu.”S&P 500 futures went from a loss of about 0.4% before Trump spoke to a decline of 1.5% afterwards.