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Politics States reject Trump's talk of restarting US economy early

18:46  24 march  2020
18:46  24 march  2020 Source:   reuters.com

Trump and Pence held call on economy with key investors

  Trump and Pence held call on economy with key investors President Donald Trump and Vice President Mike Pence held a call to discuss the coronavirus impact on the economy, according to sources. © Provided by CNBC President Donald Trump speaks at the daily coronavirus briefing joined by Vice President Mike Pence in the James Brady Press Briefing Room at the White House on March 22, 2020 in Washington, DC. Investors on the call included Third Point’s Dan Loeb, Blackstone’s Stephen Schwarzman, Vista Equity’s Robert Smith, Intercontinental Exchange’s Jeffrey Sprecher and Paul Tudor Jones, hedge fund manager and co-founder of JUST Capital.

Claim: President Trump often says the US economy is on an historic high, perhaps the greatest it' s ever been. Speaking at his State of the Union address in February, he reinforced those claims by hailing his pro-growth policies which he says have helped Americans with jobs and wages.

President Trump might be taking the threat of the COVID-19 coronavirus more seriously now, but he' s already considering restarting the economy . The Trump administration has repeatedly been told scaling back the efforts to contain the virus so early could only worsen the impact and overcrowd U . S

A week after millions of Americans began taking shelter at home from the coronavirus, states warned on Tuesday against easing restrictions too soon even though the clampdown is devastating the U.S. economy.

File photo of New York State governor Andrew Cuomo from July, 2015. © REUTERS/Brendan McDermid File photo of New York State governor Andrew Cuomo from July, 2015.

President Donald Trump said on Monday he was considering how to restart business life when a 15-day shutdown ends next week, even as the highly contagious virus spreads rapidly and poorly equipped hospitals struggle with a wave of deadly cases.

A Republican, Trump is seeking to win re-election in November on a promise of economic growth.

Trump signals openings: US not 'built to be shut down'

  Trump signals openings: US not 'built to be shut down' President Trump said Monday that his administration would work to allow local economies to "cautiously resume" activities at the appropriate time amid the coronavirus outbreak, adding that the United States "wasn't built to be shut down.""Our public health experts who are terrific are studying the variation and the disease across the country and we will be using data to recommend new protocols to allow local economies to cautiously resume their activity at the appropriate time," Trump told reporters in the White House briefing room Monday evening. "Our country wasn't built to be shut down," Trump continued.

Trump said at a news conference Monday night that at some point soon the damage being done to More than 30,000 people in the United States have tested positive for the coronavirus, a number Trump signaled his concerns with the outbreak restrictions and the economy in a tweet late Sunday

President Donald Trump has indicated he wants to ease social distancing measures in the United States and "reopen" the economy within weeks At a White House briefing today, however, Trump was more focused on mitigating damage to the US economy . " We cannot let the cure be worse than

Gov. Andrew Cuomo, a Democrat whose state of New York has become the epicenter of the U.S. outbreak with 25,665 cases, strongly opposed allowing people to travel, socialize and get back to workplaces too quickly.

"If you ask the American people to choose between public health and the economy, then it's no contest. No American is going to say accelerate the economy at the cost of human life," he said at a convention center in Manhattan that is being repurposed to fit beds for coronavirus patients.

Cuomo said the projected need for hospital beds in New York at the peak of the outbreak has jumped to 140,000, compared with the 53,000 that are available and that the apex of the outbreak could still be 14-21 days away

Maryland Governor Larry Hogan, a Republican, told CNN on Tuesday: "We don't think that we're going to be in any way ready to be out of this in five or six days or so, or whenever this 15 days is up from the time that they started this imaginary clock."

Obama slams rollback of vehicle emission standards in rare rebuke of Trump

  Obama slams rollback of vehicle emission standards in rare rebuke of Trump Former President Barack Obama issued a rare criticism of the Trump administration Tuesday after it announced it's rolling back his signature fuel standards aimed at combating the climate crisis, saying Americans "have to demand better" of their elected leaders.Former President Barack Obama issued a rare criticism of the Trump administration Tuesday after it announced it's rolling back his signature fuel standards aimed at combating the climate crisis, saying Americans "have to demand better" of their elected leaders.

President Trump on Tuesday accused the European Central Bank of trying to prop up Europe’ s economy and weaken its currency to gain a competitive edge over the United States .Credit Tom Brenner for The New York Times.

Trump : US considered hottest economy in the world. Trump : We must reject politics of revenge. Trump , asking Americans to "choose greatness," focused on some of his top priorities: immigration, the economy , infrastructure, drug prices and national security.

More than 42,000 people in the United States have contracted COVID-19, the respiratory illness caused by the virus, and at least 620 have died. The World Health Organization on Tuesday warned that the United States has the potential to become the global epicenter of the coronavirus pandemic, citing a "very large acceleration" in infections.

Senior Pentagon leaders said on Tuesday that the outbreak could continue for months.

Trump issued guidelines last week that he said aimed to slow the spread of the disease over 15 days, including curbing unnecessary travel. Economic activity has ground to a halt in major states such as New York and California.

The coronavirus has shuttered thousands of U.S. businesses, thrown millions out of work and led state governors to order about 100 million people - nearly a third of the nation's population - to stay at home.

There were signs that nerves had begun fraying after days of people working from home, looking after children whose schools are shut and severely scaling back on everyday activities.

Trump Floats Ending Coronavirus Lockdowns in Coming Weeks to Boost Economy

  Trump Floats Ending Coronavirus Lockdowns in Coming Weeks to Boost Economy President Trump suggested that he planned to pivot away from advocating for health measures implemented to slow coronavirus in favor of the economy.Just before midnight on Sunday, Trump tweeted that “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF.

The Trump administration is considering ways to inflict more economic pain on Beijing, including limiting American investment in Chinese companies.Credit But administration officials are separately weighing options that could inflict additional economic pain on Beijing as the United States continues

The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered No deadline was set for progress on a deal, and the world’ s two largest economies remain at odds “ We ’ re right back on track,” Trump told reporters after an 80-minute meeting with Chinese

Steve Rubinstein, a small bottle of hand sanitizer dangling from his belt loop, was juggling his two small children as they played in a New York park. Both he and his wife are working from home.

"It's very challenging, my wife and I both work, we have fulltime jobs," he said. "But it's, yeah, it's nonstop, it's relentless," Rubinstein, 35, added about balancing work demands and keeping their children safe and entertained.

Trump told a White House news conference on Monday that "America will again and soon be open for business," saying the crisis should not "turn into a long-lasting financial problem."

Rapidly reopening the economy might backfire, with higher deaths and people remaining fearful of going out, according to investors who remain anxious about the coronavirus’ uncertain trajectory and its economic toll.

“Markets will react badly because they have learned that this approach doesn’t work,” Axel Merk, chief investment officer of Merk Investments, said. “From a medical point of view, you have to break the exponential growth and you do that with shelter in place policies.”

Trump says Democrats’ push for expanded voting threatens Republicans

  Trump says Democrats’ push for expanded voting threatens Republicans President Trump on Monday criticized attempts by Democrats in Congress to expand voting access for the presidential election in the fall, saying increased voter turnout would keep Republicans from getting elected. WASHINGTON – President Trump on Monday criticized attempts by Democrats in Congress to expand voting access for the presidential election in the fall, saying increased voter turnout would keep Republicans from getting elected.

We ' re tracking the president' s progress on his agenda and how it is received by the American public and the wider world. And there are interesting - and surprising - comparisons with some of his predecessors. How are his approval ratings?

President Donald Trump on Monday dimmed the prospects of restarting talks with China any time Can't talk now because they' re not ready. Because they have been ripping us for so many years, it Taken together, it means roughly half of the products that China sells to the United States each year

WALL STREET JUMPS

After taking a beating for most days in recent weeks, Wall Street bounced from three-year lows on Tuesday amid signs that Washington was nearing a deal on a $2 trillion package to rescue the economy from coronavirus. All three main U.S. stock indexes jumped more than 5%.

Negotiators predicted the U.S. Senate could pass the stimulus bill, which includes financial aid for ordinary Americans, small businesses and critically affected industries, as soon as Tuesday.

After criticism from Cuomo and others that Trump was not wielding special powers to force businesses to make medical equipment likes masks and ventilators, the federal government said on Tuesday it would use the Defense Production Act to procure 60,000 coronavirus test kits.

Peter Gaynor, the Federal Emergency Management Agency administrator, told CNN the Trump administration had decided to use the act because "there are some test kits we need to get our hands on." It would be the first time the act is being used for the coronavirus crisis.

For right now, Birx said people in the United States should continue to follow the guidelines of social distancing.

"What the president is doing is looking for the future ... not looking to change what we're doing now," she said.

Stephen Moore, an economic commentator said by Trump's aides to be influencing the president, told Reuters on Monday there was a re-examination in the White House of the wisdom of “a full scale … shutdown of the economy.”

He said there were some who thought that “if we go on too long with the economy shut down, the human toll for that could be greater than the risk of the virus."

Despite the huge changes to daily life, many Americans still say they are willing to make sacrifices.

Christine Schindler, 58, a former receptionist, was alone waiting for a bus on Manhattan’s Upper West Side on Tuesday. She said she thought it was dangerous to lift the restrictions too early for the sake of the economy.

“It’s going to come back up anyway, really, once things hit the bottom,” she said. “This is supposed to be the number one economy in the world.”

Americans don't know what to do about coronavirus. Neither does the president. .
Analysis: Trump's supporters and critics say that he is trying to balance threats to the economy and public health. So far, he's lacked clarity.All across the globe, regardless of the form of government or political ideology, foreign leaders are issuing edicts to shut down society to slow the spread of the deadly disease. Governors and mayors are doing the same, heeding the warnings of epidemiologists who say there's no way of telling when it will be safe for people to congregate.

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