Secretary Mnuchin Assembled 100 Business Leaders for Special Reopening Task Force

Secretary Mnuchin Assembled 100 Business Leaders for Special Reopening Task Force

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Monday, Treasury Secretary Mnuchin said he and his team have selected 100 business leaders to join a Special Task Force dedicated to re-opening the economy after the coronavirus crisis passes.

The task force will work with medical advisers to develop a timeline for re-opening the economy, with 1 May as a possible frame for some parts of the economy. 

Secretary Mnuchin said the 100 business leaders were categorized by sector and spanning the US economy.

The 1 area we are particularly concerned about is the small business program,” he said during a daily press briefing by the White House coronavirus Task Force.

Secretary Mnuchin also said Monday that he expected 80-M Americans to receive coronavirus stimulus payments by Wednesday to help with the economic slowdown.

We want to do as much of this electronically as we can, it’s very important in this day and age,” he said.

The Treasury Department and IRS stated today that they expect 10’s of millions of Americans will receive their payments via direct deposit by Wednesday, 15 April.

Monday, the major US stock market indexes finished at: DJIA -328.60 at 23390.77, NAS Comp +38.85 at 8192.42, S&P 500 -28.19 to 2761.63

Volume: Trade on the NYSE came in at 1.2-B/shares exchanged

  • NAS Comp -8.7% YTD
  • S&P 500 -14.5% YTD
  • DJIA -18.0% YTD
  • Russell 2000 -27.4% YTD

HeffX-LTN’s overall outlook for the major US stock market indexes is Neutral with a Bullish bias.

Looking Ahead: Investors will receive Import and Export Prices for March Tuesday.

Have a healthy day, stay home, Keep the Faith!

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