Chief Economic Adviser Gary Cohn is resigning after President Trump doubled down on his commitment to steel and aluminum tariffs - a move Cohn strongly opposed.
Todd Hitt, CEO of Kiddar Capital, and Eric Boehm, Reporter at Reason.com, discuss the effect that Cohn's departure could have on the White House. Without Cohn, the White House is losing one of its biggest globalist voices.
President Trump is committed to implementing steel and aluminum tariffs. According Axios' Jonathan Swan, the president could put announce those proposals as soon as tomorrow.
During the Friday Coronavirus Task Force briefing, President Donald Trump said that the U.S. borders will be closed to nonessential travel with Mexico and Canada, beginning at midnight on Saturday.
The move underscores the pain being inflicted on U.S. oil producers by the abrupt crash in oil prices earlier this month, sparked by the outbreak of a price war between Saudi Arabia and Russia and exacerbated by the global response to the coronavirus.
New York is joining California in seriously altering daily operations after Governor Andrew Cuomo announced he will sign an executive order mandating that 100 percent of the non-essential workforce stay home. The order will go into effect Sunday night.
Stocks turned lower Friday on Wall Street after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the new coronavirus.
Senator Richard Burr (R-N.C.) is under intense scrutiny after an NPR report showed that he revealed the severity of the impending coronavirus crisis to a group of North Carolinians in private and warned of major life disruptions weeks before the federal government did the same. And, as the coronavirus outbreak continues to wreak havoc on supply chains, hospitals and markets, new financial disclosures show that Burr made big money moves before the indices showed the historic declines seen in recent weeks.
More than 60 percent of Americans also think a recession will come in the next year, according to a new study by YouGov.
Trump’s coronavirus task force on Thursday afternoon visited the Federal Emergency Management Agency to hear from several governors about the challenges facing their states.
In the morning conference, the governor also waived mortgage payments for 90 days and revealed the spike in new cases bringing the full total to 4,152, the most in the nation.
The drug, hydroxychloroquine, was developed more than a half-century ago and is approved for treating malaria, arthritis, and other ailments. Reports out of China and Italy suggest the drug may help, but there is no hard data yet.
Coronavirus has hit Capitol Hill, as the first members of Congress have tested positive for the virus. Reps. Mario Diaz-Balart (R-Fla.) and Ben McAdams (D-Utah) announced diagnoses late Wednesday.
