×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: markcuban | billionaire | economy | pandemic | virus

Mark Cuban Bearish on Trump Economy Springing Back

mark cuban poses for a picture
Mark Cuban attends AT&T TV Super Saturday Night at Meridian at Island Gardens on February 01, 2020 in Miami, Florida. (Photo by Dimitrios Kambouris/Getty Images for AT&T)

By    |   Sunday, 12 April 2020 11:38 AM

While President Donald Trump is talking about pent-up energy in the stock market riding out the coronavirus pandemic – ready to spring back to its previous high level of functionality – billionaire Mark Cuban sees a much slower return to the "new abnormal."

"I wish he was right, but he's not," Cuban told "Fox News Sunday." "I think it's going to be slower. I think there's going to be so many different ways we'll have to adapt to this new abnormal.

"People aren't going to just venture outside; they're not going to go to large gatherings; they're not going to feel confident right off the bat. There's going to be a lot of trepidation and that concern is going to lead to people holding back in spending money. We're not going to know if the virus is coming back.

"And, on top of that, when it comes to hiring people back, companies aren't going to just immediately bring everybody back."

Cuban was also pessimistic before Trump's election, saying the stock market fears the unknown and would sink upon Trump being elected. Cuban was woefully wrong, and Trump had been vindicated.

But, recently, the coronavirus shaved a third of U.S. value in a couple of months.

Cuban, similarly a reality TV personality for CNBC's "Shark Tank," has been frequently mentioned as a future presidential candidate, particularly with him appearing on TV networks to question Trump's moves. He skipped the 2020 cycle, but 2024 is not out of the question, perhaps.

"I'm not saying 'no,' but it's not something that I'm actively considering," Cuban told host Chris Wallace.

"I'll just keep the door open."

© 2022 Newsmax. All rights reserved.


Newsfront
While President Donald Trump is talking about pent-up energy in the stock market riding out the coronavirus pandemic - ready to spring back to its previous high level of functionality - billionaire Mark Cuban sees a much slower return to the "new abnormal.""I wish he was...
markcuban, billionaire, economy, pandemic, virus
272
2020-38-12
Sunday, 12 April 2020 11:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved