Trump talks hoarding, supply chain with Target, Campbell, Costco

President Donald Trump on Sunday held a call with two dozen executives from consumer and grocery companies including Target, Campbell and Costco to discuss topics including hoarding and the safety of their supply chain amid the coronavirus crisis. 

Trump, in a press conference Sunday, urged Americans to ease up with their shopping as people panic about not having enough food or household items while they are increasingly being asked to stay at home for extended periods of times.

The president, his spirits buoyed by the Federal Reserve cutting rates to zero, tried to reassure the nation its supply chain is strong and stores will continue to fill their shelves.

“You don’t have to buy so much,” Trump said. “Take it easy. Relax.”

He added: “Go and buy. Enjoy it. Have a nice dinner. Relax.”

Stock futures plummeted Sunday night, even after the Fed announced its latest extraordinary actions. The coronavirus infection rate in the United States has escalated.

As Americans have fretted about quarantines and shortages, they’ve raided online and brick-and-mortar retailers, leaving shelves unstocked and warehouses short. Amazon said it is out of stock on certain household items. Chains like Texas grocer H-E-B has had to limit purchases some food items, including eggs, boxed pasta and canned soup. Fears of product shortages have also led people to steal products like hand sanitizer and surgical masks from grocery stores and doctors’ offices.

“The President reminded the participants that this is an all-of-America approach and each of their stores and the stores they support can help Americans feel calm and safe when shelves are stocked with the items they need,” a White House spokesman said.

“Supply chains in the United States are strong, and it is unnecessary for the American public to hoard daily essentials,” he

Read More