Hes here in a fox business exclusive about this new bacteria. The covid19 lockdowns forced many to whip out the credit card and buy essentials online. A publicly traded company is making all those transactions work. The incoming ceo is a wall street veteran who survived 9 11, the financial crisis and now the pandemic. He will tell us what he saw in early january that told him get the employees to work from home and out of a crowded business area. That was well before just about every u. S. Company had even heard of covid19. Charlie breaks it on the big name Trading Companies refusing to sign on the dotted waiver line that the nyse requires to walk on to the Trading Floor. And 24 hours before the dragon capsule roars into space. Less than an hour til the closing bell, lets start the claman countdown. Liz breaking news. They are testing the systems right now. We are just over 24 hours away from history as spacex prepares to become the first commercial Space Company to launch american ast
That this may reflect an extension of that stayathome trade weve been watching. Look at all the stocks popping early on those are all Companies People were giving up on even ten days ago when they felt the trade was the mike corbat trade. You recognize if you can do what some companies are doing, which are saying its up to you if you want to come back. I think now the onus is saying im not coming back. No way lets dig n get bin and get bet cybersecurity. Those are the stocks that are popping. I respect that from people who say i do not want to be back at that building. The pandemic is not done and the pandemonium has begun. What explains boeing up 1 , carnival up 2. 5 i assume were looking at hopes that these demonstrations and protests will not result in a further outbreak of the virus, and that these epicenter stocks will continue to outperform. We keep betting you have to have it. Its been seven days now the incubation period, theres a lot of news stories saying the new strain is ou
Nosediving 3. 97 . At one point it looked like we would go to war and we were actually lucky, lucky it was only down that much because if things dont break right, were going to be experiencing a lot of weeks that are worse than the depths of the great recession. Why . Were fighting a twofront war in this country. We need to beat the coronavirus, a scourge thats unrelentless easy to catch and requires hospitalization, far more than we can actually provide. At the same time we need to preserve the economy, an economy in many ways is no longer open for business there are 100 million workers who could potentially lose their jobs if we dont shut down covid19 soon. Peoples life savings are going to be pulverized as companies suspend dividends and people sell like a mouse in a fear of an unrelenting panic because they need cash, need cash right now. Its like a slow grind financial hell apocalypse. The plummeting of oil isnt helping either we need to get crude back over 30 or the last of the p
House considering Financial Relief for workers and businesses impacted by the virus. This is what the president said yesterday. We are going to be asking tomorrow, were seeing the senate, well be meeting with house republicans, mitch mcconnell, everybody, and discussing a possible payroll tax cut or relief, substantial relief. Very substantial relief. Thats a big number. Were going to be talking about hourly wage earners getting help, so that they can be in a position where theyre not going to miss a paycheck all right jim, we have a presser at 5 30, but right now dont expect specific proposals i think theyre mulling over some things. Theyll give direct support to workers, which is fabulous a lot of workers live hand to mouth. Theyre coming to work even though she shouldnt because theyre sick and this is a great holdover Small Business loans, they can expand that greatly. We have a lot of money coming into the treasury. They can waive the interest and penalties for people who file exte
Meet the new flu, same as the old flu, except it spreads faster and more easily the dow gaining 116 points,. 47 , and the nasdaq. 87 , record highs. But you know what, you know where the real action was, it was in the highest of flyers and the basis of speculative stocks. Thats what withe need to focusn partly because of the coronavirus and the old guys will say, this is the top i dont think that but im giving them their due what am i talking about, Virgin Galactic, plug power, and countless others that have become the darlings for younger investors. Look at my twitter feed. Read reddit, rather than reading the register for the news hour. Speculation, i think its good, even essential, essential to speculate on stocks, just part of your discretionary market youve got the retirement money, of which is completely wrong to speculate on, then you have a mad money portfolio, a group of stocks, within that group of stocks, you can have speculative stock. One or two i wont try to talk you out