President Trump can prod governors and announce whatever task forces and industry advisory teams he wants but none of it will “reopen” the U.S. economy in the way he might like
at 9:30 a.m.. … Retail sales at 7:00 a.m. expected to drop 8% … Industrial Production at 9:15 a.m. expected to drop 4.2%. …
“All the numbers will be grim, but the extent of the declines in March retail sales and industrial production will help answer key questions about the extent of the immediate hit to spending and production. Ahead of these data, we're looking for a 6% annualized drop in first quarter GDP growth”— Our Nancy Cook and Gabby Orr: “He spent days hyping it up. He built suspense. And he promised a big announcement.
“At no point did Trump or the White House explain the way the committees would work, or the types of suggestions they sought or the benchmarks the White House would use to determine whether it was safe to reopen shuttered businesses, send children back to school, reopen stadiums or resume work in offices.
“The move follows weeks of Trump’s escalating attacks on the U.N. health organization as he has sought to deflect scrutiny of his own administration's slow response to the outbreak.
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