Treasury Secretary Steven Mnuchin advised CNBC on Monday there can be a surge of demand for shares as soon as the coronavirus risk abates.

"There can be an enormous quantity of pent-up demand when that is carried out. And it will likely be carried out," the Treasury secretary advised CNBC's Jim Cramer.

"Search for firms which have a ton of liquidity. An Apple can have clients," Mnuchin added. "That is only a given. The aim is to not bail out firms." Cramer learn the feedback he acquired from Treasury Secretary Mnuchin on CNBC Monday morning.

His feedback got here minutes earlier than what's anticipated to be one other swoon on Wall Road, with markets set to open down about 10%. Dow Jones Industrial Common futures had been off by greater than 1,000 factors, triggering the restrict down stage. S&P 500 and Nasdaq 100 futures had been additionally at their draw back limits.

The SPDR S&P 500 ETF Belief (SPY) which tracks the S&P 500 plummeted 10% within the premarket, signaling {that a} "circuit breaker" can be triggered shortly after the common session...