Mastercard CEO: U.S. Needs New Fiscal Stimulus Quickly

The video discusses the four phases of managing a company during a crisis: containment, stabilization, normalization, and growth. It highlights the shift to a 'new normal' where traditional activities are replaced by virtual ones. The speaker analyzes economic trends, noting that while domestic consumer spending is stable, cross-border spending is affected. The video emphasizes the challenges faced by small businesses and the urgent need for fiscal stimulus to support them during the ongoing economic uncertainty.

What are the four phases of managing a company during a crisis as mentioned by the speaker?

• Containment, Stabilization, Normalization, Growth

• Planning, Execution, Monitoring, Closure

• Initiation, Planning, Execution, Closure

• Analysis, Design, Implementation, Testing

How does the speaker describe the 'new normal' in terms of work routines?

• Increased travel and face-to-face meetings

• More virtual meetings and less travel

• Return to pre-crisis work habits

• Complete halt of all business activities

What does the speaker suggest about the nature of the phases of managing a company?

• They are only applicable to large corporations

• They are strictly linear and predictable

• They are non-linear and can involve setbacks

• They are irrelevant to business success

What is the speaker's prediction for the growth phase in relation to COVID-19?

• It will happen only in certain industries

• It is expected in the second half of next year with vaccine distribution

• It will occur immediately after stabilization

• It will never return to pre-COVID levels

Why does the speaker emphasize the need for fiscal stimulus?

• To eliminate cross-border trade

• To reduce consumer spending

• To support small businesses and counteract second waves

• To increase monetary supply