The co-founder of Home Depot, who has given hundreds of millions of dollars to the NYU Langone medical center, calls the coronavirus a 'serious issue,' but says its risk to the U.S. is being overblown.
He called the coronavirus, which started in China in December and has since spread to many countries around the world, a "serious issue." But he said the world's hospitals, including NYU Langone, and government leaders are doing "everything" that should be done."Squawk Alley"Langone said that goes for investors concerned about the stock market and everyone worried about contracting the virus.
"Don't let your emotions run away with you," he stressed. "Don't give up on America and don't give up on the world. It's not that time." Months from now, this week's market plunge is doing to look like a great buying opportunity, he added.Langone said that battling the coronavirus crisis is not a political issue. He urged Republicans and Democrats to work together on solutions to mitigate the chances of the virus becoming an epidemic in the United States.
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