BlackRock CEO Larry Fink calls for more “compassion” in the response to the coronavirus crisis: “If we all wore a mask, if we all cared about our fellow citizens a little more, we will be resolving this crisis much sooner.”
told CNBC on Friday that wearing masks is critical to helping the U.S. economy recover from the damage caused by forced business closures because of the coronavirus.
However, a failure to wear masks and take other precautions may allow the virus to continue to spread and potentially necessitate more strict mitigation measures, he said. In states such as Texas and California, parts of their reopening plans have already been pulled back or paused due to record-breaking Covid-19 case increases and spiking hospitalizations. Daily coronavirus cases in the U.S. hit another record, topping 77,000 on Thursday, according toFink said BlackRock, the world's largest asset manager, has never believed that the U.S. economy would snap back quickly from the coronavirus-induced recession.
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