"It's going to be another three, four weeks until we see the peak in the epidemic curve in regions like New York, and that's the hopeful case," Gottlieb said.
Only weeks ago, borrowers were rushing to take advantage of record-low mortgage rates. Refinance applications soared over 400% annually, and homebuyers were out early and in force. Now, some of those loans are stuck in limbo.
Trump and his top economic advisor, Larry Kudlow, have suggested that there will a relaxing of strict federal guidelines to Americans that are designed to slow the coronavirus pandemic.
Microsoft CEO Satya Nadella said the bigger concern is demand in developed markets, and he said he would favor economic stimulus from the U.S. government.
The Federal Reserve's unprecedented corporate bond purchases will likely offer a short-term boost to the overall market, exchange-traded fund industry leaders say.
Ford said on Tuesday that it will not reopen its plants in North America on March 30 as originally planned because of various stay-at-home orders due to the coronavirus.
Coca-Cola CEO James Quincey said that the supply chain 'is creaking around the world' as the company tries to meet demand for its drinks amid the coronavirus pandemic.
Traces of the coronavirus were found up to 17 days after passengers disembarked the Diamond Princess cruise ship, surviving far longer on surfaces than previous research has shown, according to new data published Monday by the Centers for Disease Control and Prevention.
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