White House Now Saying Stimulus Could Exceed $10-T

White House Now Saying Stimulus Could Exceed $10-T

$BX $ICE

President Trump and Top White House officials during a phone call with Wall Street executives Tuesday suggested the size of the stimulus package related to the coronavirus pandemic could hit $10-T+ and even exceed that figure.

President Trump early Tuesday said he hoped to have the economy reopen by Easter, “we are opening up this incredible country, because we have to do that.”

I would love to have that,” he continued. “It’s such an important day for other reasons, but I’d love to make it an important day for this. I would love to have the country opened up, and rarin’ to go by Easter.”

Later in the day during a phone call with Wall Street investors he said , “The fire power here is like nothing we have ever seen,”

President Trump was on the nearly 40-min call with economic adviser Larry Kudlow, Vice President Mike Pence, and about half a dozen Wall Street big shots, including hedge fund investor Ken Griffin of Citadel management, Stephen Schwarzman, CEO of the Blackstone Group (NYSE:BX), Dan Loeb, the CEO of hedge fund Third Point Capital.

Jeffrey Sprecher, the CEO of the Intercontinental Exchange (NYSE:ICE), owner of the New York Stock Exchange, Vista Equity Partners CEO Robert Smith, and long-time hedge fund investor Paul Tudor Jones of Tudor Capital, were also on the call.

The President made it clear that we are “looking to balance people’s health needs without crippling the economy and pushing the country into a depression.”

Have a healthy day, stay at home!

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