4:05 PM ET – Secretary of Housing and Urban Development, Dr. Ben Carson, is also a neurosurgeon and a part of the President’s task force for the Coronavirus. He will give us an update on the virus and what is happening on a national and international level with respect to protection, detection and treatment.
Dr. Ben Carson, a member of the Trump administration’s coronavirus task force, said in an exclusive interview on “Sunday Morning Futures” that the coronavirus “certainly has the potential to be severe and that’s one of the reasons that the task force meets every day.”
Carson, the U.S. Department of Housing and Urban Development secretary, made the comment as the number of U.S. coronavirus cases swelled to 400, with cases in about half of the states. The total U.S. death toll has reached 19.
“We’re in communication with a lot of experts around the country in terms of the best ways to contain this,” Carson told host Maria Bartiromo. “Obviously if we don’t use best practices to contain the spread, then we will have a horrendous situation, but we are very cognizant of that.”
“We meet on a daily basis, we evaluate the information and we make recommendations based on the evidence,” he continued.
5:05 PM ET – Austan Goolsbee, a Professor at Chicago’s Booth School of Economics and former chairman of the Council of Economic Advisers for the Obama Administration, and David Bahnsen, Author of Elizabeth Warren, How Her Presidency Would Destroy the Middle Class and the American Dream, and Managing Partner and Chief Investment Officer of the Bahnsen Group, discuss the economy and the effects of the coronavirus on the markets. Austan had this to say about the market reaction to COVID 19:
The U.S. economy is particularly sensitive to events like the coronavirus outbreak, said Austan Goolsbee, the former chair of economic advisers under President Barack Obama.
“The U.S. economy is so much more intensively driven by these personal services that are exactly the kinds of things that dry up when people get afraid,” he said on Yahoo Finance’s YFi PM.
If the impact is as bad in the U.S. as it was in China, Goolsbee said the hit to the U.S. would be a “fair bit worse.” For example, the travel, sports, and entertainment industries are 10 times bigger in the U.S. than in China.
“That just puts the focus back on: you’ve got to slow the spread of this disease,” Goolsbee said. “You’ve got to engage in the very best public health you can because the downside is really that bad.”
Goolsbee, an economics professor at the University of Chicago’s Booth School of Business, pointed to what happened in Wuhan, with businesses worried about bankruptcy, and said that “that’s actually the best-case scenario if we have an outbreak like that.”