Tags: cuban | economy | coronavirus

Mark Cuban: 'Absolute Confidence' Economy Will Bounce Back

dallas mavericks owner mark cuban is shown with arms raised wearing his team's shirt
Dallas Mavericks owner Mark Cuban (Ron Jenkins/AP)

By    |   Wednesday, 15 April 2020 03:45 PM

Dallas Mavericks owner Mark Cuban, who was named with several other industry leaders to work with the White House on ways to reopen the economy, said Wednesday he has "absolute confidence" the nation will return to its pre-coronavirus boom. 

“Getting the feedback from the industry counsel he’s put together is going to be very valuable for him. I think it’s a smart move,” the Dallas Mavericks owner told Fox News' “America’s Newsroom.”

“Just getting feedback from everybody and getting their insights and what they’re going to do with their businesses, (or) what I’m going to do with my businesses, I think is going to be so useful and so beneficial," Cuban added. 

Businesses "don't know what to expect on the other side," and there will be a new "abnormal" about how they'll function, Cuban said. 

“I don’t think people are just going to go back in and say ‘you know what, on February 1, this was my budget, I’m just going to spend it on June 1,'" said Cuban. "I don’t see that happening. But that doesn’t mean the economy can’t be great, doesn’t mean the economy can’t take off. It’s just a question of when."

President Donald Trump announced Tuesday the formation of "Great American Economic Revival Industry Groups" in a push to help the nations' businesses recover and return from the outbreak that has shuttered much of the nation. The group includes executives from several industries, including sports, agriculture, banking, restaurants, and banking. 

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US
Dallas Mavericks owner Mark Cuban, who was named with several other industry leaders to work with the White House on ways to reopen the economy, said Wednesday he has "absolute confidence" the nation will return to its pre-coronavirus boom. 
cuban, economy, coronavirus
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2020-45-15
Wednesday, 15 April 2020 03:45 PM
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