Larry Kudlow says US has contained the coronavirus and the economy is holding up nicely


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. 

This is breaking information. Make sure you test again for updates.

Subscribe to CNBC Pro for exclusive insights and assessment, and stay business day programming from all over the planet.



Supply backlink