U.S. President Donald Trump said early Friday that he has tested positive for coronavirus along with his wife and one of his closest aides, throwing an already volatile campaign into deeper disarray just one month before the election.

FROM THE ARCHIVE: If the President Tests Positive for the Virus, What Happens? https://bloom.bg/33oBctv

“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!,” the president said on Twitter, hours after Bloomberg News reported that the adviser, Hope Hicks, had fallen ill with the virus.

The election campaign against Democrat Joe Biden has focused heavily on Trump’s handling of the coronavirus, which has already killed more than 200,000 Americans and deepened inequalities. Biden and others have criticized Trump’s response as slow off the mark and ineffective.

The White House already announced that Trump was canceling all public events, including a rally in Florida, on Friday. Normal virus protocols could keep him off the campaign trail at least 10 days and possibly longer at a critical moment when he was trying to gain ground on Biden, who polls show is holding steady with about a 7 percentage-point lead nationally.

In addition, the announcement could complicate plans for a confirmation hearing and vote on Trump’s Supreme Court nominee, Amy Coney Barrett, though as of early Friday there had been no change in the schedule that would start hearings the week of Oct. 12. Also, it wasn’t clear what effect the development could have on negotiations over an economic stimulus package to counter the fallout from the virus, as House Democrats and the White House remained far apart.

U.S. stock futures fell more than 1% early Friday, and Treasuries rose as traders braced for more volatility. Even before Trump tested positive, markets -- from stocks to currencies and bonds -- had been pricing in the likelihood of turbulence on Election Day and the ensuing weeks. Now, with Trump’s health in doubt, investors are warning that the prolonged uncertainty and political chaos could become an even bigger risk for markets.

In a memo released early Friday morning, Trump’s physician said that the president and first lady plan to remain at the White House “during their convalescence” and that the medical unit would “maintain a vigilant watch.”

“Rest assured I expect the president to continue carrying out his duties without disruption while recovering, and I will keep you updated on any future developments,” White House physician Scott Conley said.

Judd Deere, a White House spokesman, said contact tracing for Trump and First Lady Melania Trump was being carried out and “the appropriate notifications and recommendations will be made.” Contact tracing for Hicks, he added, was already complete.

In a tweet, the first lady said that she and her husband “are feeling good & I have postponed all upcoming engagements. Please be sure you are staying safe & we will all get through this together.”

It wasn’t immediately clear how Trump contracted the virus, which has killed more than 200,000 Americans. But Hicks tested positive after flying aboard Air Force One to the presidential debate in Cleveland on Tuesday and to a campaign rally in Minnesota on Wednesday.

“We spent a lot of time with Hope and others. So we’ll see what happens,” Trump said during the Fox interview with Sean Hannity.

Several other members of Trump’s circle tested positive for the virus earlier this year -- including National Security Advisor Robert O’Brien.

His aides had worried that Trump’s lack of sleep during the final stretch of the presidential campaign could leave him especially vulnerable to infection. The president did not return to the White House until after midnight following his Tuesday and Wednesday trips. His age also puts him at greater risk for serious illness from the virus.

The development, while a source of concern for Americans, will make it harder for the president to continue trying to shift attention away from the virus and focus on his prized campaign issues, like accusing Democrats of promoting a ruinous socialist agenda and allowing U.S. cities to be overrun by violent protesters.

Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm

QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
Email us at quicktakenews@gmail.com

QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.