Skip to main content

Friday Coronavirus Update: President Trump Says No Shutdown If Second Wave

Publish date:
Video Duration:

Worldwide, there are over 5.1 million cases of the coronavirus, with over 333,000 deaths. There are 1.5 million cases in the U.S., with over 94,000 deaths. 356,000 of those cases are in New York, which has 23,000 deaths.

In Russia, there are 326,000 cases and Brazil has over 310,000 cases. The United Kingdom has over 252,000 cases with over 36,000 deaths.

President Donald Trump has said that the U.S. will not shut down again if there’s a second wave of the coronavirus. Trump said, “We’re not going to close the country, we’re going to put out the fires.”

President Trump also toured a Ford auto plant in Michigan yesterday and declined to wear a mask during the majority of the tour.

We heard once more from Federal Reserve chair Jerome Powell on Thursday, who said, “In the best of times, predicting the path of the economy with any certainty is difficult.”

He continued, “We are now experiencing a whole new level of uncertainty, as questions only the virus can answer complicate the outlook.”

This downturn is without modern precedent, Powell noted.

These comments echo his colleagues' comments which, to summarize, boil down to the thesis that economic recovery is not obvious and there may be long-lasting repercussions as the U.S. suffers from one of the largest economic shocks in generations.

Watch More of the Latest Videos from TheStreet and Jim Cramer

Related Videos