Mayor sees 'cataclysmic trouble' if Cornell and Ithaca College do not reopen campuses this fall

The mayor of Ithaca, New York, told CNBC that the city's economy faces dire consequences if local colleges do not hold in-person classes this fall due to the coronavirus.
"If the students don't come back in the fall, we're in real cataclysmic trouble," Svante Myrick said on "Squawk on the Street."