Watch Live: President Trump Addresses The Nation About Covid-19 Crisis Plans

Having 'ummed' and 'ahhed' for a few days, it appears the crash of the stock market has President Trump taking this virus seriously. Having failed to deliver any specifics this week on his "very substantial relief" package, Trump tweeted that he will deliver a statement on Wednesday night regarding the coronavirus as the administration mulls how to address the fast-growing health crisis.

The president told reporters during a meeting with banking executives that the statement would involve both health and economic measures being taken to combat the virus, though he would not specify what they would be.

Trump tweeted several times Tuesday afternoon about the coronavirus, saying he is "fully prepared to use the full power of the Federal Government to deal with" the disease.

He later tweeted "The Media should view this as a time of unity and strength. We have a common enemy, actually, an enemy of the World, the CoronaVirus. We must beat it as quickly and safely as possible. There is nothing more important to me than the life & safety of the United States!"

As The Hill reports,  White House aides have been negotiating with lawmakers on legislation to address the economic fallout of the spreading virus, which has rattled markets and sparked concerns among workers who may not have paid sick leave or the ability to work remotely.

The administration is also said to be considering a national emergency declaration to free up additional resources to fight the coronavirus, which the World Health Organization (WHO) on Tuesday declared a global pandemic. Additional travel restrictions are also said to be on the table.

Watch Live (his address is due to begin at 2100ET):