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Trump says Apple CEO Tim Cook expects economy to see sharp rise after coronavirus

Trump says Apple CEO Tim Cook expects economy to see sharp rise after coronavirus

President Donald Trump signed the law to protect paychecks and improve health care in the Oval Office H.R. 266 on Friday.

Anna Moneymaker / The New York Times / POOL / Getty Images

President Donald Trump reportedly said he spoke to Apple CEO Tim Cook on Friday about the economic situation Coronavirus pandemic. Trump said that Cook expects the economy to experience a V-shaped recovery, with a sharp decline followed by a sharp surge when the outbreak is over, a Friday report from CNBC.

The President’s comments came during one Signing ceremony Friday in the Oval Office for a second portion of the funds for the paycheck protection program, which is designed to help small businesses keep workers on their payrolls. More than 26 million Americans lost their jobs during the Corona virus outbreak.

Apple didn’t immediately respond to a request for comment.

COVID-19, the respiratory disease caused by the coronavirus, has spread rapidly worldwide. The World Health Organization on March 11, the outbreak declared a pandemic. There are now over 2.7 million confirmed cases worldwide more than 883,000 in the United States from Friday.

Apple has taken several steps to combat the coronavirus pandemic, including developing face shields for medical work and managing part of it iPhone SE product red sales Relief measures. Apple also works with Google Development of corona virus tracking tools for iOS and Android devices.


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