White House economic advisor Kudlow says banks are ready to go on coronavirus small business loan program

Market news

3 April 2020

White House economic advisor Kudlow says banks are ready to go on coronavirus small business loan program

Does not see any roadblocks on small business loan program
Leading bankers talking to Treasury Secretary Mnuchin on relief lending
May seek relief loans expansion if needed
Does not expect tariff rollback due to virus
Individual tariff exemption cases could still be examined
Pulling tariffs would send the wrong signal on trade policy
U.S. is talking to Russia, Saudis on oil. No need to go via OPEC
President Trump talks with Russia, Saudis will yield results
U.S. cannot dictate decisions on oil production to U.S. companies
President Trump will stand up to any efforts to collude in energy markets that impacts U.S. industry

House Speaker Nancy Pelosi: U.S. needs fourth stimulus bill

NFP: The USD is still the best of a bad lot – TDS

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