CNBC's Jim Cramer stated Tuesday that he feels higher concerning the inventory market now that President Donald Trump publicly acknowledged the necessity for coronavirus aid for staff and small companies.
Trump plans Tuesday to fulfill with Senate and Home Republicans to debate "a doable payroll tax lower" and different "substantial aid" as coronavirus instances within the U.S. topped 760 with 27 deaths. Monday night, the president floated these choices to mitigate financial injury from the virus's unfold. He additionally stated he is methods to assist hourly staff who may miss paychecks in the event that they're unable to go to work.
"One of many issues that actually made issues higher at the moment is that this was a recognition that issues need to be carried out. That was very reassuring," Cramer stated.
"They're placing issues in place. They'll stagger them simply in case issues are unhealthy and worsen. I do not know. It is one thing," the "Mad Cash" host added.
Cramer's feedback on "Squawk on the Road" got here as U.S. inventory futures...
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