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Larry Kudlow says US has contained the Coronavirus and the economy is holding up nicely
CNBC ^ | 02/25/2020 | Fred Imbert

Posted on 02/25/2020 6:50:40 PM PST by SeekAndFind

National Economic Council Director Larry Kudlow tried on Tuesday to assuage concerns over the cornavirus and its impact on the U.S. economy.

“We have contained this. I won’t say [it’s] airtight, but it’s pretty close to airtight,” Kudlow told CNBC’s Kelly Evans on “The Exchange.” He added that, while the outbreak is a “human tragedy,” it will likely not be an “economic tragedy.”

“There will be some stumbles. We’re looking at numbers; it’s a little iffy,” Kudlow said. “But at the moment ... there’s no supply disruptions out there yet.”

Kudlow’s comments came as the stock market tanked for a second straight day amid worries that the coronavirus outbreak would lead to a prolonged global economic slowdown.

The Dow Jones Industrial Average was more than 700 points lower Tuesday, down 2.7%. On Monday, the 30-stock average had its worst day in two years, dropping more than 1,000 points.

Investors dumped equities in favor of U.S. Treasurys, which are traditionally seen as a safe haven during volatile stretches for the stock market. The benchmark 10-year Treasury yield dropped to 1.32% to reach an all-time low. The 30-year also traded at a record low. Yields move inversely to prices.

Still, Kudlow said the U.S. is “holding up nicely,” adding, “All I can do is look at the numbers.”

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: attaboy; chinavirusus; coronavirus; covid19; economy; kudlow; larrykudlow; sarscov2
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1 posted on 02/25/2020 6:50:40 PM PST by SeekAndFind
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To: SeekAndFind

in before the snowflakes


2 posted on 02/25/2020 6:52:15 PM PST by 867V309 (Lock Her Up)
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To: SeekAndFind

What proof does he have? He sounds like Baghdad Bob.


3 posted on 02/25/2020 6:54:12 PM PST by nwrep
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To: SeekAndFind

“Kudlow said the U.S. is “holding up nicely,”......”

So far...[and it’s very still very early]


4 posted on 02/25/2020 6:55:25 PM PST by Paladin2
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To: SeekAndFind

George Soros made his fortune scaring people.


5 posted on 02/25/2020 6:55:37 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: SeekAndFind

Am I the only person, who sees Kudlow as an almost perfect contrary indicator?

:)


6 posted on 02/25/2020 6:55:38 PM PST by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: 867V309

I’ve been watching Larry Kudlow for the longest time, from his TV show at CNBC to his Saturday radio program in NYC.

He is the eternal optimist. Sometimes TOO optimistic for my taste. He only wants to invite guests on his program who speak well of the economy ( Yep, those were the Obama years ).


7 posted on 02/25/2020 6:55:50 PM PST by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

“Kudlow said the U.S. is “holding up nicely,”......”

So far...[and it’s still very early]


8 posted on 02/25/2020 6:55:50 PM PST by Paladin2
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To: cba123

I’ve been watching Larry Kudlow for the longest time, from his TV show at CNBC to his Saturday radio program in NYC.

He is the eternal optimist. Sometimes TOO optimistic for my taste. He only wants to invite guests on his program who speak well of the economy ( Yep, those were the Obama years ).


9 posted on 02/25/2020 6:56:08 PM PST by SeekAndFind (look at Michigan, it will)
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To: 867V309

There’s SO MANY on here when it comes to this virus.

I’m shocked.

After all the years of making fun of snowflakes...

I’ve never seen such panicking like little girls.

Wow.


10 posted on 02/25/2020 6:56:21 PM PST by dp0622 (Radicals, racists Don't point finger at me I'm a small town white boy Just tryin' to makne ends meet)
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To: SeekAndFind

I remember him from the 2000 and 2008 economic downturn, this guy is an establishment hack.


11 posted on 02/25/2020 6:56:48 PM PST by Blue Highway
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To: SeekAndFind

We’ve been overdue for a correction. Here it is.

Time to buy.


12 posted on 02/25/2020 6:56:54 PM PST by E. Pluribus Unum (If you don't recognize that as sarcasm you are dumber than a bag of hammers.)
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To: SeekAndFind

Then somebody tell Dr. Nancy Messionnier to shut up.
She’s contradicting the president and starting to scare people.


13 posted on 02/25/2020 6:57:03 PM PST by lee martell
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To: dp0622
Most of us are simply saying to hope for the best, but prepare for the worst. It's being prudent. But keep being an ahole troll.


14 posted on 02/25/2020 6:57:36 PM PST by StolarStorm
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To: lee martell

Is she the one who’s related to Rod Rosenstein?

The scaring is not an accident, in that case. They want to scare and destabilize people and tank the economy.


15 posted on 02/25/2020 6:59:11 PM PST by livius
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To: nwrep

So it’s your opinion that the stock market should go up forever and any correction is a signal of Armageddon?


16 posted on 02/25/2020 7:01:06 PM PST by E. Pluribus Unum (If you don't recognize that as sarcasm you are dumber than a bag of hammers.)
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To: dp0622


I’ve never seen such panicking like little girls.

it's just sickening.

just when all the pansy-a$$ed hand-wringing over every trump-tweet seemed to abate, now this.       ugh


17 posted on 02/25/2020 7:01:13 PM PST by 867V309 (Lock Her Up)
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To: livius

Yes!


18 posted on 02/25/2020 7:01:54 PM PST by lee martell
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COVID-19 Spreadsheet using JHU data

File XLSX

File XLS

19 posted on 02/25/2020 7:02:03 PM PST by DoughtyOne (The DNC has a taxidermist on speed dial for Nancy, Hillary, and Ruth.)
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To: StolarStorm


But keep being an ahole troll.

name-callers do that because of a lack of cogent argument.        congrats


20 posted on 02/25/2020 7:03:56 PM PST by 867V309 (Lock Her Up)
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