As the U.S. stock market and oil prices register one of the worst days in history, CEOs of Wall Street's biggest banks have been invited to the White House to meet with President Trump this Wednesday, FOX Business has learned.
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|GS||GOLDMAN SACHS GROUP INC.||158.34||-7.45||-4.49%|
|BAC||BANK OF AMERICA CORP.||21.60||-1.12||-4.93%|
|JPM||JP MORGAN CHASE & CO.||91.13||-6.99||-7.12%|
|WFC||WELLS FARGO & COMPANY||30.28||-0.62||-2.01%|
It is unclear which firms and CEOs have received invites, however, it is unlikely JPMorgan CEO Jamie Dimon, who is recovering from emergency heart surgery, will attend.
Trump and members of his administration say the fundamentals of the economy are strong, despite the sharp drop in equity prices, but will look to discuss the financial market fallout from the coronavirus and potential solutions.
|I:DJI||DOW JONES AVERAGES||21636.78||-915.39||-4.06%|
|I:COMP||NASDAQ COMPOSITE INDEX||7502.377567||-295.16||-3.79%|
The administration is considering whether to implement some form of response to address the damage to the economy that the virus could impose.