Trump says coronavirus 'blindsided the world'

The U.S. has a great economy, but the novel coronavirus blindsided the world, President Donald Trump said at a news briefing on Monday. 

After financial markets fell by 7.6 percent, the worst single day since December 2008, Trump tried to calm fears and told reporters he is seeking "very substantial relief" to the payroll tax. Trump also said he was seeking help for hourly-wage workers to ensure they're "not going to miss a paycheck" and "don't get penalized for something that's not their fault."

Trump said he would hold a press conference Tuesday to outline the proposals, saying they would be "discussing a possible payroll tax cut or relief, substantial relief, very substantial relief, that's big, that's a big number."

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