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.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
