Late Thursday night President Donald Trump announced that he and the First Lady have tested positive for COVID-19. He tweeted: "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's medical team is maintaining a vigilant watch over his health and we do not yet know if the President is symptomatic, but according to a tweet by First Lady Melania Trump, the President and his wife are "feeling good."

"As too many Americans have done this year, @potus & I are quarantining at home after testing positive for COVID-19. We are feeling good & I have postponed all upcoming engagements," she tweeted. "Please be sure you are staying safe & we will all get through this together."



Barron Trump, Ivanka Trump +  Jared Kushner test negative for COVID-19

The President and the First Lady are quarantined after testing positive for COVID-19 and their 14-year-old son, Barron Trump has tested negative for the virus, say White House officials.

"All precautions are being taken to ensure he's kept safe and healthy," the First Lady's chief of staff said in a statement sent to several media outlets on Friday.

The President's oldest daughter, Ivanka, and her husband and fellow Advisor to the President, Jared Kushner, have also tested negative.

Joe Biden tests negative for COVID-19

When President Trump tweeted about his positive COVID-19 test results early Friday morning many wondered if his opponent, Joe Biden, would test positive since the two were in close proximity at the first presidential debate earlier this week.

At the debate President Trump said of Biden: "I don't wear masks like him. Every time you see him, he's got a mask," suggesting that the former Vice President "could be speaking 200 feet away" but could still "shows up with the biggest mask I've ever seen."

But it seems masking, combined with the social distancing measures taken at the debate may have worked: NBC News reports former Vice President Joe Biden and his wife, Dr. Jill Biden, have tested negative for COVID-19.

"Jill and I send our thoughts to President Trump and First Lady Melania Trump for a swift recovery," Biden said via a social media statement on Friday. "We will continue to pray for the health and safety of the president and his family."

During the first presidential debate, President Trump was not clear on masks, telling moderator Chris Wallace: "I put a mask on, you know, when I think I need it. Tonight is an example, everybody has had a test...I wear a mask when needed. When needed, I wear masks."

How President Trump's COVID diagnosis could impact parents:

With just 33 days left until the citizens of the United States go to the polls, the President's positive test result is going to throwing a concerning curveball at campaign plans.

Parents were expecting to hear more from President Trump at the next debate scheduled for October 15, and now that debate may not happen. As the New York Times reports , the President is 74 years old and in a high-risk group,.

"In his eighth decade of life, Mr. Trump belongs to the age category deemed most vulnerable to the virus," the paper reports, noting that " Eight out of every 10 deaths attributed to it in the United States have been among those 65 and older."

Statistically speaking, it is likely that the President will recover and get through this despite his high-risk status, CNN's Dr. Sanjay Gupta said early Friday.

The President's diagnosis is adding stress to a year that has already been incredibly stressful for parents and as a new study suggested adults (like Trump aide Hope Hicks, who tested positive before the President did) are more likely to spread the virus than children are.

What this means for the economy:

As NBC News reports, stock futures fell Friday after the President's diagnosis was revealed. Bloomberg reports U.S. and European equity futures fell and the dollar rose as after Trump's tweet.

The announcement could further impact markets and potentially the economic health of the nation. However, it should be noted that the President intends to continue to work this week—something that could have ramifications for the economy and the election.

What this means for the election:

Parents are keen to have more information from both candidates on pressing issues like paid leave, healthcare and support for families beyond 2020, but they may have to wait.

It is likely that the October 15 debate will be either cancelled or look more like a Zoom meeting than a traditional debate. It could even (although it's unlikely) mean the campaigns hit pause.

[Editor's note: Motherly is committed to covering all relevant presidential candidate plans as we approach the 2020 election. We are making efforts to get information from all candidates. Motherly does not endorse any political party or candidate. We stand with and for mothers and advocate for solutions that will reduce maternal stress and benefit women, families and the country. This is a developing story and will be updated.]