Larry Kudlow talking at the CNBC Money Exchange breakfast in Washington, D.C. on July 9th, 2019.
Paul Morigi | CNBC
Countrywide Financial Council Director Larry Kudlow attempted on Tuesday to assuage concerns in excess of the cornavirus and its affect on the U.S. economy.
“We have contained this. I won’t say [it’s] air-tight, but it is really quite near to air-limited,” Kudlow informed CNBC’s Kelly Evans on “The Exchange.” He included that, even though the outbreak is a “human tragedy,” it will very likely not be an “economic tragedy.”
“There will be some stumbles. We’re hunting at figures it is really a very little iffy,” Kudlow stated. ” But at the instant, the numbers that we are hunting at … you can find no source disruptions out there however.”
Kudlow’s feedback came as the inventory marketplace tanked for a second straight working day amid worries the coronavirus outbreak would guide to a extended international financial slowdown.
The Dow Jones Industrial Regular traded practically 600 points reduced on Tuesday, down extra than 2%. On Monday, the 30-stock common experienced its worst day in two decades, dropping a lot more than 1,000 points.
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