“I’m saying this a lot for nothing,” Kramer said on “Squawk Box.” “I’m saying that people should have a purchase list ready.”
Stock Future was sharply lower on Wall Street on Friday morning as Trump and the first lady, Melania Trump, digested the news that tested positive for coronovirus. President wrote in a tweet On Friday morning, “We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!”
Trump tested positive hours after White House adviser Hope Hicks also tested positive for coronavirus. Hicks traveled to Cleveland on Air Force One on Tuesday night with Trump for the president’s first debate.
Vice President Mike Pence and another woman Karen Pence have tested negative for the virus, the White House announced on Friday morning.
Kramer wished Trump to be increasingly healthy and emphasized that the environment was “not business as usual.” But he said, “I believe there will be many stocks that will initially go down, like Tesla – by the way, we had deliveries that were better than expected – and then they can rally.”
“I think it might be like a Ford motor, where I think the number is going to come better, and I would like to buy something like that,” the Mad Money host also said.
Kramer said he hopes the president’s coronavirus infection has persuaded more Americans to wear masks to prevent the spread of the virus, which could have benefits for the US economy.
Kramer said Trump avoided wearing masks extensively during the epidemic and how often he wore the mask to his Democratic rival Joe Biden earlier this week.
Biden wished Trump good Friday morning.
“Masks are the only hope that we really have, especially indoors,” Cramer said. “Maybe the notion that you’re not ‘tough’ somehow [if you] Wearing a mask goes away. ”
“If you try to aggressively reopen the economy without a mask, well without much discipline on social disturbances, well it’s going to fail,” Cramer said. “I think this is really the last path with President Kovid getting infected.”