Trump Huddles With Wall Street Investors on Reopening Economy

March 25, 2020   |   by James G. Dalton

President Donald Trump spoke to several billionaire hedge fund and private equity managers Tuesday morning about reopening the U.S. economy, which has ground to a halt in the the coronavirus outbreak, people familiar with the matter said.

Trump is re-evaluating whether to call for people to return to work as the economic damage from the shutdown has mounted. He discussed the path forward by phone with money managers including Citadel’s Kenneth Griffin, Paul Tudor Jones of Tudor Investment, John Paulson and Blackstone Group Inc.’s Stephen Schwarzman, one of the people said.

A representative for Jones declined to comment and spokespeople for the other firms didn’t immediately respond to request for comment.

The president’s rhetoric shifted in recent days as he and his economic advisers debate whether limits to social contact and business closures are dragging the nation into a recession.

“WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF!” Trump tweeted Monday.

A White House spokesman didn’t immediately respond to a request for comment.

During a virtual town hall with Fox News on Tuesday, Trump said he would like to get the economy back open by the Easter holiday, which falls on April 12. As the president has increasingly talked about re-opening businesses, public health officials have warned against doing so, including the World Health Organization, which earlier Tuesday said the U.S. could become a new hub of the outbreak.

via newsmax

Recent Comments

  1. Barb Mcparlan

    Reply
    March 25, 2020 @ 1:02 pm

    This country definitely needs to get back to work and the American people WANT to get back to work. After all the incredible accomplishments this country as done from building bridges, dams, putting man on the moon, cure for polio. etc, etc we should be smart enough to use common sense with Covid-19. Stay home if symptomatic, wash hands frequently. If people want to continue with the social distancing then let them but let people get back to work. What good is it to keep hibernating from the virus if we have no country when the hibernation is over?

    • Lynette

      Reply
      March 25, 2020 @ 2:24 pm

      You are spot on!

  2. robert

    Reply
    March 25, 2020 @ 2:41 pm

    The President should start allocating test kits to large manufactures to test their employees;
    work and go home policy along with shopping for necessities.

  3. robert

    Reply
    March 25, 2020 @ 2:44 pm

    The professionals can work from home!

  4. Linda Aguirre

    Reply
    March 25, 2020 @ 10:41 pm

    I totally agree with our President. Let’s get back to work!

  5. Sharon

    Reply
    March 26, 2020 @ 1:35 am

    I agree with Our President. I have no faith in the WHO which is part of the UN and funded by the USA but still part of the NWO. Look at Sweden, they have stayed open for business with their people taking responsibility for themselves and family. They have been ADVISED to keep their distance from others, stay home if sick and not travel if not necessary. Why can Americans not do the same as Sweden?

  6. Mary zamorano

    Reply
    March 26, 2020 @ 2:44 pm

    If people take their precautions serious, I don’t see why they can’t go back to work. We just need to protect and have respect for each other.

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