Treasury Secretary Steven Mnuchin is confident the U.S. economy will weather the downturn from the coronavirus outbreak.
The market's decline, along with the coronavirus outbreak that has left countries such as Italy in a virtual lockdown, has stoked fears of slower economic growth around the world. Nike closed all U.S. stores. Apple stores are only open in China. American Airlines also announced the suspension of long-haul flights.
"I wouldn't be one bit surprised if when we look back at the data, it is decided ... that the recession started in March,"
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