Cramer praises Trump for involving private sector in coronavirus response: 'This is real firepower'
"These are real companies, and they want to do something about it," CNBC's Jim Cramer said.
"These are real companies, and they want to do something about it," CNBC's Jim Cramer said.
U.S. President Donald Trump said on Friday that four cruise line companies had agreed to suspend outbound cruises for 30 days, at his request, amid the global coronavirus pandemic.
Corporate America joined the fight against the spread of coronavirus on Friday, as President Donald Trump and executives announced that Google would offer a website to help people determine whether they needed tests and retailers set up drive-through tests in parking lots.
New York-based banks Citigroup Inc and JPMorgan Chase & Co both reported on Friday that they have employees who have tested positive for the coronavirus.
From Jersey City on the East Coast to Los Angeles on the West Coast, American shoppers picked grocery store shelves clean on products ranging from disinfectants to rice, causing retailers to race to restock their stores as the worsening coronavirus crisis stoked fears of shortages.
As U.S. financial markets reel from a week of historic swings, industry veterans are drawing on memories from their earliest years on Wall Street, while younger professionals are looking to lessons from history books.
A relentless barrage of bad news surrounding the coronavirus epidemic has begun to affect customer visits at some U.S. auto dealers and even those businesses that have thrived so far believe a big sales decline is imminent if China's experience is any guide.
President Donald Trump declared a U.S. national emergency over the quickly spreading coronavirus on Friday, opening the door to more government aid to combat a pathogen that has infected more than 138,000 people worldwide and left over 5,000 dead.
Panama's Health Minister Rosario Turner on Friday said the number of confirmed coronavirus cases in the Central American country has risen to 36, and includes three foreigners.
The United States will suspend travel from certain European countries for 30 days beginning at midnight on Friday as part of an effort to stem the spread of the coronavirus.
Guatemala has extended a ban on arrivals from countries more heavily affected by the coronavirus outbreak to include the United States and Canada, President Alejandro Giammattei said on Friday.
Warren Buffett's Berkshire Hathaway Inc said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate's board of directors, replacing Microsoft Corp co-founder Bill Gates.
British government is planning to introduce emergency laws next week to ban mass gatherings in an attempt to curb the coronavirus outbreak, Sky News reported https://news.sky.com/story/coronavirus-mass-gatherings-to-be-banned-under-government-plans-to-combat-covid-19-spread-11957350 late Friday, citing a Whitehall source.
The International Monetary Fund and World Bank Group on Friday advised their Washington headquarters staff to work from home after an IMF employee was diagnosed with COVID-19, the disease caused by the coronavirus.
Chilean President Sebastian Pinera announced a ban on public events with more than 500 people on Friday, as the government tries to curtail the spread of coronavirus even as massive social demonstrations are planned in the coming weeks.