White House Economic Adviser Larry Kudlow sought to calm markets after that Stocks fell on Thursday On news of the expected second wave of coronavirus, claiming that “there is no second wave.”
“I am not a health expert, but in the so-called Spike, I spoke to our health experts sometime yesterday evening. They say there is no second height, let me repeat that, there is no second height. And that – again. Muduchin said yesterday in testimony and I totally agree ‘We’re not going to close the economy,’ Kudlow said during his appearance on Fox News Friday.
After fears of increased incidence of coronavirus, US stocks recorded the sharpest selling in three months. US stocks rose at the opening bell on Friday.
But Kudlow seems to contradict himself almost immediately by saying that some places have gone up – although he is quick to say that the Trump administration has dealt with them.
Kudlow continued, “What you have is that some sites are experiencing a small leap. Some small urban areas see it. CDCs and health workers are everywhere – send some teams to deal with that. You know, at the present time, we have better equipment, expertise Much bigger, much better test. I mean the test itself has jumped, so you will get more positivity than that. But if you look nationwide, the important point is that the rate of new cases increasing is between 0 and 1 per cent. It’s really level, As far as deaths are concerned, it is the same, in fact it is less than that, it is like zero to half a percent. “
What we know about the virus: While new case rates are not growing significantly at present, 19 states are seeing increasing cases as of Friday. In many countries, Hospitals are also increasing, An indicator for seriously ill people with Covid-19.
Kudlowe also suggested that Dr. Deborah Perks – who was largely silent and far from the cameras – might be seen on Friday, but it is unclear how and when.
“If I can calm fears, I am not a health expert, Amb. Birx may be out and about today. However, there is no emergency, and there is no second wave. I don’t know where that started on Wall Street.”