Treasury Secretary Steven Mnuchin, member of the White House coronavirus task force, joins Chris Wallace on ‘Fox News Sunday.’
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U.S. stock futures opened lower Sunday evening as efforts to contain the coronavirus remain a priority across the globe and as President Trump announced that social distancing guidelines will remain in place until April 30 at least.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite posted early losses of 1 percent each.
The move follows a volatile but positive week for the three major averages, which saw the Dow gain over 12.8 percent and exit its bear market on Thursday. The S&P 500 rose 10.26 percent while the Nasdaq gained more than 9 percent.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UPS | UNITED PARCEL SERVICE INC. | 97.52 | -2.26 | -2.27% |
| FDX | FEDEX CORPORATION | 120.58 | -5.02 | -4.00% |
Trump, during his Sunday coronavirus task force briefing, thanked a number of corporations for aiding in the fight, including UPS and FedEx.
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“We appreciate everything you’ve done,” said Trump of the delivery giants. He also noted some insurers including Humana and Cigna will begin to wave co-pays and deductibles.
HUMANA, CIGNA TO COVER ALL COVID-19 TREATMENT COSTS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| HUM | HUMANA | 297.07 | -7.41 | -2.43% |
| CI | CIGNA CORPORATION | 161.29 | -8.25 | -4.87% |
Speaking to “Fox News Sunday,” Mnuchin said relief to small businesses would be available this coming week.
“The SBA is working very closely with the Treasury, we expect to have a program up on Friday that will be up and running that will cover half of the private workforce,” he said. “I encourage all small businesses to take out these loans because if you go and hire back your workers for eight weeks you will have a forgivable loan and the government will pay for that. Again, it is very important for us that workers are protected” he noted.
