Just hours after the stock market closed for the day Monday with a record-setting decline of 2,000 points on the Dow Jones average, President Trump took to the White House briefing room to announce steps he said would bolster the economy
“We are going to take care of — and have been taking care of — the American public and the American economy,” Trump said in his surprise appearance at the daily briefing of the White House coronavirus task force.
The robust state of the U.S. economy, and the stock market gains since Trump took office, have been the president’s leading argument in his reelection campaign, but the coronavirus outbreak has the potential to undercut it seriously. The Dow closed at 23,851 points on Monday. It was approximately 20,000 points when Trump took office, reaching an all-time high of 29,568 points less than three weeks ago.
Story continues In his comments on Monday night, Trump also said that the Small Business Administration would be “creating loans for small businesses.” He suggested that aid will be forthcoming to a number of sectors that have suffered as a result of the coronavirus outbreak, specifically naming airlines, cruise ship operators and hoteliers.
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