What is more likely to happen is an economy that might rev hard at first but may be prone to sputtering, stalling and wheezing before finally hitting cruising speed.
Democratic presidential front-runner Joe Biden on Monday spoke to President Donald Trump, his likely rival in November, about his response to the coronavirus outbreak, his campaign confirmed to CNBC.
"I think the winners are going to be very connected. They're going to be curated. They're going to feel more local," billionaire mall owner Rick Caruso told CNBC.
Amid statewide stay-at-home initiatives in the U.S. and country-wide lockdowns in Europe, millions around the world are stuck in their homes to practice social distancing as the coronavirus pandemic spreads far and wide. And video games are getting a boost as people are cooped up inside. Online gaming, streaming, and sales of new releases are all surging as people seek entertainment during quarantine.
Members of the coronavirus task force are expected to hold a press briefing Monday, after the daily total new deaths in New York, the state hit hardest by the outbreak, appeared to flatten two days in a row.
In just over a week, The Jacob K. Javits Center has been transformed into a field hospital operated by the U.S. National Guard and has started to take in coronavirus patients to help alleviate the stress on existing hospital systems.
Cantor Fitzgerald's global chief market strategist Peter Cecchini said on "Closing Bell" that investors shouldn't bet on a global production deal to save U.S. energy companies.
New York and New Jersey are among the worst positioned in terms of hospital beds to handle new coronavirus cases. These charts show every state's status.
Stocks ripped higher to start the holiday-shortened week as a combination of positive headlines eased investor angst after last week's abysmal March jobs numbers.
Small business owners are nervous that funds in the $349 billion Paycheck Protection Program will run out before they can get a loan for coronavirus relief.