Been banned to further spread the disease. Major sporting events were postponed or canceled. Schools and colleges close their doors, concerts were scratched, even traditional st. Patricks day parade were called off. Thousands were told to work from home. President trump was seen daily on tv holding high level meetings and giving updates on the federal response. His critics blasted him for not doing enough. That on friday, he declared in a National Emergency bringing out more federal money for states and municipalities. Meanwhile wall street was reeling. The Financial Markets have gone into freefall on fears the impact of the disease could cripple economic growth. History was made on wednesday when the longest running bull market came to an end almost exactly 11 years to the day began with the dow falling more than 20 from its highend month ago. The next day, stocks drop the most in one day since the 1987 financial crash. However on friday, there is some hope that the federal Stimulus P
About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive care negative rates are present in the uk, first time ever. We are battling here in the United States with the potential for negative rates the missing link in all of this which is what we saw in 2008 was a global coordinated effort. There does not seem to be a globally coordinating effort to address that i think thats what the market is riding against. Liz young, what do you see . Lets start with the globally coordinated effort i think theres been an effort from Central Banks thats been reasonably
Jack how common carleton english. The dow is down on the week despite a furious 1000point rally. Dow jones market group shared a wonderful statistic, the last time we had a back to back 9 move two days in a row was october 1, 9209. This is a wacky market. Finding comparisons for is almost impossible. When you put together a virus like this, you put the oil crisis we have the Oil Prices Drop like this ship but the facts were in a president ial year this is all just wacky. And it almost feels like a big relief we got this 2000point rally out of the dow on friday. Because coming and said friday was just awful. Some of the worst trading weve seen since 2008 and yesterday, thursday, the drop was the biggest since 1987. These are crazy moves. Jack so clearly the oil is a problem here. But i think its mainly coronavirus. Think theres this old cliche that insert is what the market hates. I think you put a finer point on it does make sense. The market hates known unknowns. We know this a proble
English. The dow is down on the week despite a furious 1000point rally. Dow jones market group shared a wonderful statistic, the last time we had a back to back 9 move two days in a row was october 1, 9209. This is a wacky market. Finding comparisons for is almost impossible. When you put together a virus like this, you put the oil crisis we have the Oil Prices Drop like this ship but the facts were in a president ial year this is all just wacky. And it almost feels like a big relief we got this 2000point rally out of the dow on friday. Because coming and said friday was just awful. Some of the worst trading weve seen since 2008 and yesterday, thursday, the drop was the biggest since 1987. These are crazy moves. Jack so clearly the oil is a problem here. But i think its mainly coronavirus. Think theres this old cliche that insert is what the market hates. I think you put a finer point on it does make sense. The market hates known unknowns. We know this a problem but we have no input im
Jack how common carleton english. The dow is down on the week despite a furious 1000point rally. Dow jones market group shared a wonderful statistic, the last time we had a back to back 9 move two days in a row was october 1, 9209. This is a wacky market. Finding comparisons for is almost impossible. When you put together a virus like this, you put the oil crisis we have the Oil Prices Drop like this ship but the facts were in a president ial year this is all just wacky. And it almost feels like a big relief we got this 2000point rally out of the dow on friday. Because coming and said friday was just awful. Some of the worst trading weve seen since 2008 and yesterday, thursday, the drop was the biggest since 1987. These are crazy moves. Jack so clearly the oil is a problem here. But i think its mainly coronavirus. Think theres this old cliche that insert is what the market hates. I think you put a finer point on it does make sense. The market hates known unknowns. We know this a proble