Cramer praises Trump for involving private sector in coronavirus response: 'This is real firepower'

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Cramer praises Trump for involving private sector in coronavirus response: 'This is real firepower'
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'These are real companies, and they want to do something about it,' CNBC's Jim Cramer said.

Trump said he anticipated the U.S. would have 1.4 million coronavirus test kits available within a week and around 5 million kits within the next month. He also announced he would be, allowing borrowers who are facing financial hardship due to the coronavirus to pause payments without penalty.

Cramer said there is still a lot more the government needs to do to address the coronavirus outbreak, stressing the need for Congress to agree on fiscal stimulus measures to ensure help for workers and small businesses affected by the economic slowdown. "Without the fiscal side, what's going to happen is a lot of people are going to lose their jobs," Cramer said. "They're going to go to Walmart for the parking lot [coronavirus test] and won't be able to shop at the Walmart.""The cynics out there who hate the president or whatever, I don't think you should hate a Doug McMillon. You shouldn't hate a Brian Cornell," Cramer said. "These people are serious.

"They don't donate, they don't do these kinds of things unless they're really called upon, so I salute them," Cramer added. "I think that business is the greatest source of social change."

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