Market news
08.05.2020, 14:03

White House economic advisor Kudlow does not believe that economic contraction has fully run its course

  • U.S. jobs report full of heartbreak, hardships
  • Reopening phase will be intimate, spill into June
  • Jobs numbers will continue to deteriorate
  • Appropriate policies can make roaring economy in 2021
  • Will see positive numbers and second half of year
  • Having meetings with lawmakers of both parties
  • President Trump weighing making business expenditures to make changes for coronavirus safety tax deductible
  • 3/4 of today's numbers are temporary layoffs.
  • President Trump will meet with congressional Republicans to discuss stimulus measures today
  • He wants an infrastructure and broadband expansion package

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