\nHowever, Sands President and COO Robert Goldstein countered, “We don’t anticipate any slowdown as a result of the virus.”<\/p>\n<\/blockquote>\n
The gaming industry crash will not allow Eldorado to fold on its $17.3 billion acquisition of Caesars, as the takeover has a clause that says the regional casino operator cannot use “public health emergencies” to get out of the merger.<\/p>\n
But Economy Strong?<\/b><\/h2>\n
President Donald Trump says the pandemic is a health crisis \u2013 not an economic one.<\/p>\n
“This is not a financial crisis. This is just a temporary moment of time that we will overcome together as a nation,” Trump said during his Oval Office address to the nation Wednesday night.<\/p>\n
“Because of the economic policies that we have put into place over the last three years, we have the greatest economy anywhere in the world, by far,” he added. “Our banks and financial institutions are fully capitalized and incredibly strong. Our unemployment is at a historic low. This vast economic prosperity gives us flexibility, reserves, and resources to handle any threat that comes our way.”<\/p>\n
But if there’s one thing markets don’t like, it’s uncertainty. And COVID-19 has cast an abundance of uncertainty around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"
The odds of an economic recession in the United States have shortened greatly in recent weeks because of the ongoing spread of the deadly COVID-19 virus. Online political betting exchange PredictIt has a market asking, “Will there be a recession in Trump’s 1st term?” When the new year began, the Dow Jones Industrial Average and […]<\/p>\n","protected":false},"author":25,"featured_media":129645,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
US Economic Recession Odds Shorten Because ofCoronavirus Pandemic<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n