White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is
It brings unemployment claims down to 22 million in the past four weeks and that essentially wipes out all the jobs created sin the financial crisis we know the dapta was going to be bad and will continue to be bad because this is reflecting periods that arent april, and we know april will be even worse. Right these are daunting historic we look at them, we must think about what was happening, say, in 1930, 1931. We realize that the system may hold, may not hold i think were in a stronger position than then because they didnt have a social safety net, but these kinds of layoffs, theyre extraordinary. And we are at a loss for words for them obviously, all these people are now in some way or another getting compensated this week. But i think its not enough, and i keep thinking that the longer we dont have and its not opening or closing america the longer we dont have faith in being with each other, youre going to have to keep seeing these numbers. I have to tell you, i was hoping i never
Therapeutics, the whole thing. Europe is down 5, oil below 25, that will take you back to 2002. So, yesterdays gains are obviously in jeopardy, since february 24th, the first big day of the virus selloff, the average daily move of the s p, up or down, 4. 9 jim, dont need to tell that you is unprecedented the market is trying to figure out how to deal with these Uncertain Times when you have Financial Health on the line and, of course, what we were talking about with separation, actual health. Its not processing it very well in part because the liquidity is not there, but also because weather in a highly emotional moment yesterday it looked like the market was up. The indices lie. What was really up were things like hormel. When we put shutters across the country, one of the first things to do was put in spam. Yesterday it was chef boyardee the wrong stocks are going up. The companies we invoked during thermonuclear war time that is what was up in the index, that and drug stocks a halfh
Marsha blackburn coming straight up. There are mixed messages from doctors, government officials, what do we know and what do we need to know . Reaction from former hhs secretary tom price in just 30 seconds. All that and so much more on making money. Charles just a few seconds ago the dow was off 2200 points t exploded to upside after word came the new york fed is increasing treasury purchases. It is a massive program. Nevertheless the s p 500, nasdaq, entering bear market territory. The dow officially, 11 year bull market is over. All three indices down 20 from the recent highs just touched three weeks ago. President trump commenting on the market just a while ago. We have a lot of things that were working on with the Financial Markets and, its going to work out fine. You have to remember the stock market as an example is still much higher than when i got here, it has taken a big hit. It will bounce back and it will bounce back very big at the right time. Charles lets bring in edward
Decline in infection rates as people are told to stay at home. But the virus continues to ravage economies across the world. Bloomberg economics seeing australia is heading for its deepest rest recession in 90 years. Taylor a quick reminder of how u. S. Stocks ended the day. A pretty good day on wall street. Up date on the s p 500, the fourth out of five up days we have seen as futures come online. Some of those gains just lightly continue to be extending in the session. So, starting to hear some rumors perhaps of catching a bottom with the equity markets, as you have not seen major losses. One market that is seeing major losses that we flip up the board, it is all about the equity markets, within the crude markets, i should say. Crude falling on monday, down for a Third Straight day. Today, now monday evening, trying to recover some of those losses. Up to 8 10 of 1 but Still Holding onto a 20 handle, near the lows we have seen going back since 2002. I want to see how things are shapin