U.S. President Donald Trump speaks with Larry Kudlow, director of the U.S. Nationwide Financial Council, proper, within the Roosevelt Room of the White Home in Washington, D.C.
Alex Edelman | Bloomberg | Getty Photographs
The White Home is inviting Wall Avenue executives to debate the response to the brand new coronavirus outbreak, an administration official instructed CNBC.
President Donald Trump is predicted to attend the assembly, which is scheduled to be held Wednesday. Invites had been being despatched out as of Monday afternoon, the official instructed CNBC.
The Washington Post first reported the gathering.
The assembly was organized amid a punishing market rout spurred by fears in regards to the impact of the coronavirus. The plummeting S&P index forced a trading halt early in Monday’s session, as coronavirus fears gripped international industries and plunging oil prices deepened the pressure in the marketplace.
The virus has contaminated greater than 100,000 individuals around the globe and killed a minimum of 3,892, based on information compiled by Johns Hopkins College.
The Trump administration’s coronavirus activity drive, led by Vice President Mike Pence, has scrambled to reply as extra People take a look at constructive for the illness. White Home aides are set to satisfy with Trump and current financial stimulus concepts to him after he returns to Washington, D.C., from Florida later Monday afternoon.
It was not instantly clear which Wall Avenue large wigs had been invited to the Wednesday assembly. However one key determine on this planet of finance is unlikely to attend: JPMorgan Chase CEO Jamie Dimon, who underwent an unplanned heart surgery late last week and is at present in restoration.
That is breaking information. Please test again for updates.