Warren Buffett says the economy will overcome coronavirus: ‘Nothing can basically stop America’
Gerry Miller | CNBC
Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.
“Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American miracle, the American magic has always prevailed and it will do so again.”
“In World War II, I was convinced of this,” he said. “I was convinced of this during the Cuban Missile Crisis, 9/11, the financial crisis.”
More than 1 million coronavirus cases have been confirmed in the U.S., according to Johns Hopkins University. The outbreak has led to states shutting down their economies, which has resulted in unprecedented job losses.
The Labor Department said Thursday that 3.84 million Americans …continued .
[Source: CNBC News]