Coronavirus is panicking Wall Street, but it’s got investors in Donald Trump’s second biggest creditor terrified. They should be. Their entire investment may be flushed down the financial toilet if Trump can’t pay his debts on his heavily leveraged golf resorts, hotels and restaurants.
Shares of the little, and little known, Ladder Capital (LADR) closed Monday at $8.32 a share, down from $18 less than three weeks ago.
LADR shares lost 54% of their value. That’s double the drop in the Dow Jones Industrial Average. Shares of Trump’s biggest creditor, the large Deutsche Bank, are down 43% in the same period.
Dr. Sanjay Gupta reveals why Trump’s strategy for avoiding coronavirus infection is not ‘sustainable’
On CNN Friday, Dr. Sanjay Gupta warned that the White House's safeguards to protect President Donald Trump from COVID-19 infection are not "sustainable."
"So now, to this point that you mentioned about the president being negative, and he did mention again that he had another test and he got the results in what, 13 minutes or something like that. And the White House now says tonight that they're going to be giving those same rapid tests to anybody who is going to be coming in close contact with the president or Vice President Pence, that their reasoning is that they want to evaluate for presymptomatic or asymptomatic carriers to limit inadvertent transmission," said anchor Erin Burnett. "I mean, it seems like this makes sense, but what's your take on that?"
‘We have no defenses!’ Nurse who got infected with COVID-19 paints dire picture of equipment shortage on CNN
A nurse in New York City who had been infected with the coronavirus told CNN's Poppy Harlow on Friday that he and his colleagues are being sent to work in dangerous situations where they don't have sufficient protective equipment.
Thomas Riley, a registered nurse at New York's Jacobi Medical Center, told Harlow that the stories that have been reported about equipment shortages are very real and that medical workers' lives are being endangered because of it.
"It feels like we're in a war, and like we're soldiers in a war, being sent out without camouflage, without Kevlar," he said. "We have no defenses against this, and they're giving us very little."
NYC’s de Blasio delivers frightening new revelation about extreme ventilator shortage in his city’s hospitals
Appearing on CNN's "New Day" early Friday morning, New York City Mayor Bill de Blasio predicted health care facilities in his city have only enough available ventilators to provide relief for COVID-19 patients to get the city through Sunday.
Speaking with host John Berman, the mayor said urgent action needs to be taken by the federal government if hospitals have any hope of keeping up with the exploding demand for additional life-saving health equipment.
"I've said this for weeks, there's no plan," de Blasio began. "There's no order that's been given by the commander in chief, the nation is in a peacetime stance while we're in the middle of a war. If they don't do something different in the next few days, they'll lose the window."