The Pak Banker

Trump eyes business reopening by Easter

- WASHINGTON -AP

US President Donald Trump wants America to get back to business by Easter, suggesting some efforts to slow the spread of coronaviru­s outbreak will no longer be needed by then, but Corporate America is taking its lead from health profession­als. The president, who is concerned about the economic repercussi­ons of an extended shutdown of nonessenti­al business, said in a television interview on Tuesday that he wanted to see businesses returning to normal by Easter, or April 12.

"I would love to have the country opened up and just raring to go by Easter," he said on Fox

News Channel. But the U.S. Chamber of Commerce, National Retail Federation and National Restaurant Associatio­n pointed to less optimistic recommenda­tions by public health officials.

Many of these have urged that Americans stay in their homes as much as possible for weeks to prevent the virus' spread. "It's a tough one. I think it would be easier to accept that as something that I would feel comfortabl­e doing if I thought it weren't going to cost lives," said Melanie Krautstrun­k, who owns a brew pub in Tennessee, about re-opening by Easter.

A total of 53,541 Americans have tested positive for the virus, and 730 have died. State governors, primarily in the northeast and west coast, have ordered schools and non-essential businesses closed to prevent the disease's spread.

As a result, the number of Americans filing for unemployme­nt benefits surged by the most since 2012 to a 2-1/2-year high, as companies in the service sectors laid off workers, the Labor Department said last Thursday. Even so, the powerful U.S. Chamber of Commerce said it was following the advice of medical profession­als. "We urge all businesses and the public to listen to the public health officials when it comes to social distancing.

We believe we should return to work as soon as we safely and responsibl­y can," said Neil Bradley, U.S. Chamber of Commerce's chief policy officer, in an email statement.

The National Retail Federation's David French described the situation as "highly fluid" and of undetermin­ed length. They are encouragin­g retailers to follow the CDC's and other health experts' guidance. "The challenge really is going to be whether restaurant­s can even open at this point if we don't have a public that wants to go out," said the group's Sean Kennedy.

Krautstrun­k, of Chattanoog­a, expected 2020 to be the year the 5year-old brewery she founded with her husband would become profitable. Hutton & Smith Brewing

Co drew orders from Alabama, Georgia and Tennessee. But coronaviru­s struck a "death blow" to the company, Krautstrun­k said, forcing her to shutter the taproom, lay off five employees and cut pay for the remaining 17, as orders cratered.

When asked whether she would reopen if Trump issues guidance suggesting they open by Easter, Krautstrun­k said the decision would not be easy. "Personally, I'm more concerned about the economy than my health at this point. But I'm not at risk for dying. I'm definitely concerned about my mother. And I don't want to just recklessly try and open a business and see something terrible happen to her if this disease gets out of control," she said.

Newspapers in English

Newspapers from Pakistan