White House economic adviser Kudlow believes May will be "transition month" to reopening of economy

Market news

22 April 2020

White House economic adviser Kudlow believes May will be "transition month" to reopening of economy

Adds that will be done in phases
Certain areas of country meet guidelines to begins phased reopening
Hot spots like New York City and Chicago might take longer to reopen
Says community banks and smaller lenders will be included in SBA plan
Small businesses should not be held liable for infections of COVID-19
Expects "very significant demand" for relief loans

Before the bell: S&P futures +1.76%, NASDAQ futures +1.61%

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