Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]
Tag: Donald Trump
President Trump’s coronavirus task force holds briefing
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Members of the task force created to address the deadly coronavirus outbreak are expected to hold a press briefing Tuesday at the White House as state and local authorities take […]
White House signals third relief bill to help airline and cruise industries hit by coronavirus pandemic
Trump administration officials on Saturday made the clearest indication yet they expect to bring forward a third coronavirus bill aimed in part at helping industries struck by the pandemic. President Donald Trump signed an $8.3 billion relief bill earlier this month, helping states fund their efforts to battle and contain the virus. The House passed […]
Trump blames Obama, says ‘I don’t take responsibility at all’
WASHINGTON — President Donald Trump refused to accept any responsibility for the slow rate of coronavirus testing in the United States, saying on Friday that he was “given a set of circumstances” that wasn’t meant for the high numbers of potential COVID-19 infections. “What we’ve done, and one of the reasons people are respecting what we’ve done, is […]
Trump will hold press conference
U.S. President Donald Trump talks to journalists while hosting Prime Minister of Ireland Leo Varadkar in the Oval Office at the White House March 12, 2020 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump said he will hold a press conference at 3 p.m. ET Friday to discuss the coronavirus pandemic. The […]
Trump pressures Congress to approve payroll tax cut for rest of year
WASHINGTON, DC – MARCH 11 : President Donald J. Trump meets with bank CEOs about Coronavirus COVID-19 response in the Cabinet Room at the White House on Wednesday, March 11, 2020 in Washington, DC. The Washington Post WASHINGTON — President Donald Trump pressed Congress on Friday to include a nine-month payroll tax holiday in the […]
Cramer slams government on coronavirus, evoking his epic 2007 Fed rant
CNBC’s Jim Cramer blasted the U.S. government’s response to the coronavirus on Thursday, arguing “this is the time for radical action.” “They know nothing. They know nothing. We know more than they do, and that’s not acceptable either,” Cramer said, hearkening back to his famous 2007 rant about the Federal Reserve before the financial crisis. “I want […]
House Republicans come out against Dem bill ahead of vote
House Majority Leader Nancy Pelosi (D-CA) speaks before signing the Coronavirus Emergency Response Package which passed the House with only three votes against it on Capitol Hill on March 5, 2020 in Washington, DC. Samuel Corum | Getty Images House Republicans made clear Thursday that they won’t support the new emergency coronavirus aid bill unveiled […]
Trump wants big tax cut, NYC case count can’t keep up
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 118,101, according to data compiled by Johns Hopkins University. Global deaths: At least 4,262, according to data compiled by […]
Trump floats payroll tax cut, other financial relief amid coronavirus outbreak
President Donald Trump on Monday said he will be meeting with Senate and House Republicans on Tuesday to discuss “a possible tax relief measure” that would provide “a timely and effective response to the coronavirus.” “We are to be meeting with House Republicans, Mitch McConnell, and discussing a possible payroll tax cut or relief, substantial […]