By Yasin Ebrahim
Investing.com - Hedge fund founder Bill Ackman said he has been "aggressively" buying stocks amid the selloff, but pleaded with President Donald Trump to shut down the country to save the economy.
"Mr. President, the only answer is to shut down the country for the next 30 days and close the borders," Ackman tweeted. "Tell all Americans that you are putting us on an extended Spring Break at home with family. Keep only essential services open. The government pays wages until we reopen."
Despite the stark warning, the hedge fund founder told CNBC he is buying stocks "aggressively," though he believes that a prolonged outbreak could see hotel stocks falling to zero.
Ackman continues to hold positions in Hilton Worldwide Holdings (NYSE:HLT) and confirmed he had increased his stake in the hotel chain.