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    Stock Market News: Volatility Up 14% As Markets Fall

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    Stock Market News: Volatility Up 14% As Markets Fall

    What Trump’s Mask, Toyota Production And OPEC+ Meeting Mean For Markets

    Stock Market News: Volatility Up 14% As Markets Fall

    Weekly Outlook: Monetary Policy Decision From BoJ, BoC, ECB

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    Stock Market News: Volatility Up 14% As Markets Fall

    The Dual Nature Of Markets In 2020

    Stock Market News: Volatility Up 14% As Markets Fall

    The Virus And The Economy

    Large Fiscal Cliff Looms On The Horizon

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    Opening Bell: Futures, Stocks Jump On Positive Earnings Hopes; Dollar Slumps

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Home News Business

White House grapples with which industries deserve aid

Trade News by Trade News
March 16, 2020
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White House grapples with which industries deserve aid
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President Donald Trump makes remarks to the media in the Capitol after attending the Senate Republican Policy luncheon on Tuesday, March 10, 2020. Treasury Secretary Steven Mnuchin, right, and Vice President Mike Pence also appear.

Tom Williams | CQ Roll Call | Getty Images

The Trump administration is grappling with which industries to bail out as thousands of businesses in the U.S. grind to halt amid severe measures to curb the spread of the deadly coronavirus.

The U.S. could lose 8.2 million international visitors this year. That’s more than the country lost in the two years following 9/11. That’s lost revenue not only for airlines and hotels, but also for restaurants, retailers and airports. In some states, malls, gyms and movie theaters are shuttering and officials are telling restaurants to offer only take-out options.

“I don’t see how we get through this without wide-scale systemic solutions,” said one top tier-investor. “We’re going to have to rewrite the rules to get to the…



Source cnbc.com

Tags: AiddeservegrapplesHouseIndustriesWhite
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