, which include slashing interest rates to zero, were aimed at countering some of the outbreak's impact on the U.S. economy.
Still, Scaramucci said there's more than a 90% chance that the U.S. economy could contract by between 4% and 6% in the second quarter this year. It's also "very, very likely" the same could happen in the third quarter, he added.Scaramucci's comments come as officials around thein efforts to slow the outbreak's spread. On Sunday evening, both New York City and Los Angeles announced entertainment venues will close and restaurants will be limited to takeout and delivery.
If the U.S. economy does indeed enter a recession, that would harm Trump's re-election chances, said the former White House communications director, who was fired by the president in 2017 after less than two weeks in the job. "I think it augurs for an electoral defeat for President Trump, particularly if we get a recession. You typically don't get a two-term president if you're in a recession in an election year," said Scaramucci, who's been a frequent critic of Trump.
"No one saw this coming, but those are the facts and that probably knocks him out of the box in 2020," he added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Stop running this garbage.
IOW go pull physical cash out of the bank and stuff it in the mattress. Banks might not survive the week.
Why?
Fuck that, FED is in PANIC and DESPERATION mode now. With the gargantuan mountain of debt out there. Gig economy. Phillips curve. Its curtains.
He’s a mouthpiece for this administration. Nobody blames the fed for this sell off; this sell off is a result of the administration’s absolute incompetence and negligence.
Ppl spent all their money on food supplies then needed an ER Cash Stash thats all. Walmart stock is UP CVS stock is UP Etc. just different sectors
Its understandable as the Fed cuts were driven by Trump threat to remove Powell as chief. Not sure Powell felt the need for the cut as yet.
The fed moved too late, unfortunately I agree with Trump on this one. Late and not enough money.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus and market volatility shuts down the IPO market for potential listings like AirbnbThe initial public offering calendar is looking sparse this year, with many road-show ready companies pumping the brakes. Airbnb IPO ! A referee once stopped a fight between Mike Tyson and some other guy telling that other guy ' wontcha come back some other time , huh ?! '
Source: CNBC - 🏆 12. / 72 Read more »
10 Ways To Protect Your Job In An Uncertain Job MarketA downturn in the market doesn’t have to negatively impact your career. If you continue to do a good job, while putting into place some of these defensive measures, you can protect your job and continue to advance your career even in an uncertain job market. Possibly, the most ironic ad of it's time! Apa cantaont bustex you legale activity not cantaint pravercd me.oche.1166gmail.com..siapa pentakbir kau atau aku .boleh jawab.
Source: Forbes - 🏆 394. / 53 Read more »
Investors prepare for more market swings as virus spreads in the U.S.With one of Wall Street's wildest weeks in recent memory now in the history... Obviouslythe number one priority in the US Bitcoin down over 33%! Best time to buy is now! I’m waiting for this in years, to properly invest and have returns when flu passes
Source: Reuters - 🏆 2. / 97 Read more »
This is a wounded, fragile stock market raging for a proper policy responseCNBC's Michael Santoli surveys the market wreckage. Maybe people need to understand that tax cuts and monetary stimulus is not the answer right now. Seeing the virus cases decline and people going back to their normal lives will be what causes the market to find a bottom. Certainly not politicians. This market has been shot and its in the emergency room next to someone who has covid-19 Such as?
Source: CNBC - 🏆 12. / 72 Read more »
Childcare As A Workforce Issue: Competing For Female Talent In A Tight Labor MarketIn their latest report, the U.S. Chamber of Commerce Foundation found that Iowa loses $935 million annually as a result of childcare breakdowns. (Put into perspective, that amount was slightly more than the annual revenue of Peloton in 2018.)
Source: ForbesWomen - 🏆 477. / 51 Read more »
Not every bear market is accompanied by an economic recession, but chances are high'Now the good news is not all bear markets occur in recessions,' a strategist said. Dear Mr. POTUS that is realDonaldTrump - you know FEAR IS A MOTHER FUCKER & its being CREATED by OUR ARCH ENEMY FakeNews ALTHOUGH coronovarius is REAL so is the FEAR - if PPL thought you were just 'idle' they are NUTS thanks Walmart cvspharmacy Walgreens we SHALL PREVAIL its going much lower still
Source: CNBC - 🏆 12. / 72 Read more »