White House Chief of Staff Mark Meadows said the Trump administration will "defeat" the pandemic, "because we're Americans."Frank Franklin II / APWall Street fell sharply on Monday as hopes faded for a fresh round of fiscal aid and the number of newcases surged, reflecting a rising risk of more lockdowns and a slower economic recovery.
White House Chief of Staff Mark Meadows told CNN on Sunday that the Trump administration will"defeat" the pandemic,"because we're Americans." Negotiations between House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin"have certainly slowed down," White House economic adviser Larry Kudlow told CNBC on Monday morning."We are close, but there are still important policy issues that separate us."
The travel and hospitality sector took the heaviest hit Monday, with Wynn Resorts down 6 percent by early afternoon, American Airlines down 7 percent, and Norwegian Cruise Lines down by more than 10 percent.
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