Watch Live: White House Coronavirus Task Force Holds Tuesday Briefing
After using yesterday’s press conference to share his thoughts about the unprecedented move in front-month oil futures well below $0, we suspect we’ll hear more on the subject Tuesday evening, as talk about a possible energy industry bailout as the financial press has spent most of the afternoon discussing a potential energy-industry bailout.
Trump tweeted on Tuesday that he would “help” the energy industry.
We will never let the great U.S. Oil & Gas Industry down. I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!
— Donald J. Trump (@realDonaldTrump) April 21, 2020
Will he throw some numbers around tonight? Will reporters imply that his administration is putting the energy industry before the nation’s working poor?
Find out more tonight starting at 5pmET (or more likely some time after that):
Tyler Durden
Tue, 04/21/2020 – 16:55
via ZeroHedge News https://ift.tt/351yDwM Tyler Durden