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Trump says would like to reopen U.S. economy with a 'big bang'

Published 04/08/2020, 06:39 PM
Updated 04/08/2020, 08:15 PM
© Reuters. U.S. President Trump leads daily coronavirus response briefing at the White House in Washington

By Jeff Mason and Steve Holland

WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he would like to reopen the U.S. economy with a "big bang" but that the death toll from the coronavirus needs to be on the down slope before that can happen.

Trump did not give a timeframe on when he would like to reopen the economy, but his chief economic adviser, Larry Kudlow, said on Tuesday it was possible this could happen in four to eight weeks.

Trump, seeking re-election on Nov. 3, wants to get the economy going again as soon as possible, but his medical advisers are urging caution out of concern that trying to return to some sense of normalcy too early could lead to a renewed outbreak.

Trump and his team have been heartened by signs that the death toll among Americans may fall far short of projections that he outlined last week indicating between 100,000 and 240,000 could die.

"We're ahead of schedule," Trump said at a White House news briefing.

He said the economy could be reopened in phases but that "it would be nice to open with a big bang." But he said, "We have to be on the down side of the slope" of infections and that he will rely heavily on experts in determining how to proceed.

Bob Redfield, director of the Centers for Disease Control, announced new guidance to ensure critical infrastructure workers can do their jobs after being exposed to the virus.

He said the new guidelines, for essential workers who have been exposed to coronavirus and are asymptomatic, is to wear face masks, take their temperature, and practice social distancing.

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Vice President Mike Pence injected a somber tone into the briefing as the death toll among Americans reached more than 14,000 people in what Trump has called probably the most painful week the country will face during the crisis.

"We are in the midst of a week of heartache," Pence said, adding that "we are beginning to see glimmers of hope."

Pence announced 3,000 people will participate in a clinical trial about the effectiveness of hydroxychloroquine, a malaria drug that Trump has touted as helpful to some patients with COVID-19, although doubts remain among medical experts.

Latest comments

Big bang in number of virus cases soon...
we should all go back to our work wearing our masks.We donot have the luxury to waste our time and Money.United States is big country.If we donot work we can löse our nations' prosperity which is worse than corona itself.
can't open with a bang, when this is over 50% of those with stock can retire lol.
Yes open it let more american death . What a donkey
Mission accomplished?
unemployment is expected to reach or exceed levels not seen since the GREAT DEPRESSION you longs are being fooled into buying a bear market rally
to give you a comparison  how bad thiings are under trump GDP is expected to drop by OVER 30 percent....TWICE that of the great depression Hoover and GWB was not as bad as trump Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession.
Nice comparison but... even though i do not share his views, i dont think it’s ALL the President’s fault on this one
he and his team is doing a good job by proving medical supplies to states and locals. beyond that they are working with private sectors to find vaccines to cure for Americans. he has been doing a pretty job so as Mike P.
This guy keeping markets artificially high with his 'big bangs'. More and more young folks buying this dip and will get trapped with a big bang
yeah, Biden winning
Good thing: our President learned a lesson; no more aggressive, unrealistic timeline for reopening the economy. Less good, CDC new guidance is I believe what certain countries in Asia have started doing weeks, months ago
He needs to give up his presidency now! Otherwise, there will be more people dying.
Ok, thats an interesting view. Realistic you think???
Who will buy cruice tickets now if u can get locked inside for months
Bs. These will last months. Im wainting patiencely to go all in an buy carnival or caribbean for just cents
Ok .Maybe buy the ship for cents
this man is loosing his mind over the economic collapse
That man nevers says anything worth listening too. jesus christ how was that man voted President.
you are democrat no brain at all!!
8 years of Obama is how
Please show us yohr brain power 😄
Wonderfully in-depth article.
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