Jim Cramer believes the White House is debating big plans to combat coronavirus and ease markets
CNBC’s Jim Cramer said Thursday that he believes the government is debating some big options to tackle the economic and financial markets crisis arising from the coronavirus pandemic.
Cramer made these comments after the S&P 500‘s first-level, 7% down circuit breakers kicked in and paused trading for 15 minutes and following a call he took live on television around 9:38 a.m. ET on CNBC’s “Squawk on the Street.”
“I think that’s about to change,” Cramer said about the uncertainty about what further actions the Trump administration may take to deal with the coronavirus fallout.
“I think that they will perhaps consider the idea that the federal government does not need to be paid during this period so therefore the people, the working people, get paid and are protected,” the “Mad Money” host said.
“I think they are debating the notion about whether they should have a …continued .
[Source: CNBC News]