Former White House communications director Anthony Scaramucci says he's bullish about financial markets, but he's less keen on the way his old boss is handling the coronavirus pandemic.
"We are now the epicenter of this crisis, frankly, due to governmental mismanagement," Scaramucci told Cheddar.
The White House official-turned vocal critic of the president said Donald Trump ignored information and downplayed the seriousness of the outbreak.
"The president had the information in January," he said. "He had the information from his intelligence agencies, the pandemic people at the NIH and CDC, and he elected to ignore the information."
He added that the U.S. could be in a position closer to South Korea and Singapore, which have managed to flatten the rate of infection if Trump had acted sooner.
As the head of SkyBridge Capital, Scaramucci is nonetheless optimistic that federal efforts to soften the economic impact of the coronavirus outbreak will work as intended.
"People that are calling for a depression really have not studied the macroeconomic effects of the government stimulus and the fed buying program," he said "This is totally different from 1929 or even from the 2008 financial crisis. I'm bullish here for financial assets and financial markets."
He said that in retrospect the downturn of the last few weeks will mark the low-point of the coronavirus-induced financial crisis.
"I actually think we have hit rock bottom," Scaramucci said.
FedEx decreased its full-year revenue forecast after reporting lower-than-expected quarterly profits in its latest results.
Cora is among dozens of young kids across the U.S. poisoned by lead linked to tainted pouches of the cinnamon-and-fruit puree
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Rite Aid has been banned from using facial recognition technology for five years over allegations that a surveillance system it used incorrectly identified potential shoplifters, especially Black, Latino, Asian or female shoppers.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
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