“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discusses the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next.
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020.9:33 am: Tudor Jones says US could have a 'Second Depression' if lockdown remains in place a year from now
Hedge fund investor Paul Tudor Jones said if the coronavirus pandemic doesn't get contained for another year and the lockdown remains in place,"If a year from now, we are still in the same situation, we would be called a Second Depression," Jones said on CNBC's "Squawk Box" on Monday. "Just depends on whether unfortunately this goes to a year with this kind of a lockdown." The Great Depression from 1929 to 1939 was the worst economic downturn in U.S.
Treasury Secretary Steven Mnuchin said Monday that he agrees with Elon Musk as the company looks to restart its operations. "I agree with Elon musk. He's one of the biggest employers and manufacturers in California, and California should prioritize doing whatever they need to do to solve those health issues so that he can open quickly and safely, or they're going to find as he's threatened he's going to move his production to a different state.
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