US Pres. Trump: Dow surges in historic gain, we want re-open for business when time is right
|US President Trump is addressing the nation pertaining to COVID-19 during the Task Force meeting. Trump said on Tuesday his administration's decision to loosen restrictions related to the coronavirus and re-open the US economy would be based on facts and data but said the goal remained to do so by the Easter holiday in April. Trump, speaking to reporters at the White House, explained that for the most part he did not expect to have to use the Defense Production Act but would do so as needed.
Key comments from Task Force
- Would be great to open by Easter, evaluating data.
- Lawmakers getting very close to a fair deal on COVID-19 stimulus, senators hopefully will vote soon.
- Would be great to open by easter, evaluating data.
- Says for the most part we won’t have to use defense production act but will use it if need be.
- Says our decision on reopening economy will be based on hard facts and data.
- Says we're working hard to make easter a reality for reopening economy.
- US Vice President pence says we are particularly focused on new york
- Birx says everyone who left new york city in last few days should self-quarantine for next 14 days.
- There could be flexibility in different areas of the country, says Dr. Fauci. "It's going to be looking at the data."
- Kudlow says the overall government aid to the economy would total $6 trillion, including the $2 trillion from Congress and $4 trillion from the Fed.
- "Great Progress" on Stimulus Deal, Kudlow says.
- Birx says 370,000 coronavirus tests have been done so far.
- NYC is a hot spot, other parts of US are doing very well.
- We can have large sections of the country open like the farm belt, such as Texas.
- We will have a tremendous bounce back, it's going to go very quickly.
- US health official Fauci says the date for reopening the economy is very flexible.
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