Investor Bill Ackman advises Trump to shut down the country, saying stock market ‘will soar’

Investor Bill Ackman advises Trump to shut down the country, saying stock market ‘will soar’
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  • Pershing Square’s Bill Ackman called on the president to both close the nation’s borders and offer Americans a one-month tax holiday “Spring Break.”
  • “The moment you send everyone home for Spring Break and close the borders, the infection rate will plummet, the stock market will soar, and the clouds will lift,” Ackman wrote.
  • The investor warned that further delays to such a shutdown would continue to have disastrous costs to human life and pressed Trump to “please send everyone home now.”

Longtime hedge fund manager Bill Ackman on Wednesday advised President Donald Trump to shut down the U.S. for one month in an effort to contain the novel coronavirus and said financial markets would rally in response to such decisive action.

Ackman, who founded Pershing Square Capital Management, called on the president to both close the nation’s borders as well as offer Americans a one-month rent, interest and tax holiday to help offset an expected deceleration in U.S. GDP growth.

“Mr. President, the only answer is to shut down the country for the next 30 days and close the borders. Tell all Americans that you are putting us on an extended Spring Break at home with family,” Ackman wrote on Twitter.

“The moment you send everyone home for Spring Break and close the borders, the infection rate will plummet, the stock market will soar, and the clouds will lift,” he added.

Source: CNBC

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