President Donald Trump on Monday said the stock market would “take care of itself” as the Dow Jones Industrial Average plunged nearly 3,000 points.
“The market will be very strong as soon as we get rid of the virus,” Trump said at a White House briefing, where he acknowledged the U.S. could be heading into a recession as the economy grapples with the crisis caused by the coronavirus outbreak. He said the best thing to do for stock markets is to get through the pandemic.
He predicted what he called a “tremendous surge” in the economy after the virus is controlled.