First time since 2017. They are warning the us economy could shrink a 14 in the Second Quarter. Thats coming as the Federal Reserve and global Central Banks across the world announce measures to offset the injured Economic Impact of coronavirus. Join me right now to talk about all of that hank smith. Hanks thanks much for weighing in today we appreciate you joining us, what are you doing in your portfolio in the face of all this . Well, first of all, we are not panicking. We constantly communicate with our clients regarding their asset allocation, we also, for a number of years have always recommend to have enough cash to meet spending needs one year even up to two years out. So, in an environment where you own both stocks and bonds, now is the time to start looking to your adding to your equity positions because that allocation has come down due to the obviously to this bear market. It is a pain trade for sure, but over the past six years, the opposite was equally true where we were t
First time since 2017. They are warning the us economy could shrink a 14 in the Second Quarter. Thats coming as the Federal Reserve and global Central Banks across the world announce measures to offset the injured Economic Impact of coronavirus. Join me right now to talk about all of that hank smith. Hanks thanks much for weighing in today we appreciate you joining us, what are you doing in your portfolio in the face of all this . Well, first of all, we are not panicking. We constantly communicate with our clients regarding their asset allocation, we also, for a number of years have always recommend to have enough cash to meet spending needs one year even up to two years out. So, in an environment where you own both stocks and bonds, now is the time to start looking to your adding to your equity positions because that allocation has come down due to the obviously to this bear market. It is a pain trade for sure, but over the past six years, the opposite was equally true where we were t
Good wednesday morning, welcome to squawk alley im Carl Quintanilla another busy day as our eyes, jon are peeled on the tape. Yes the market give and taketh away. This morning it takes. Dow down right now about 900 points and change. It has been down more than 1,000 rbcs mark and jeff join us now. Good morning, guys good morning. Good morning. So id like to start, mark, with what you do with the many calls that youve made already given this new environment that were in affected by the coronavirus and covid19 we can talk netflix, expedia, two different stocks in terms of how theyre being affected but perhaps illustrative of how investors need to look at their portfolios and how things could be affected. Lets look at netflix, you say its not recession proof but you believe its resistant why . So in the internet space, Consumer Internet space, ke extremes, the companies with the greatest exposures, troubles with their Business Models and the virus and recession, would be the travel compan
Closed for 3 weeks taylor were talking more than 30,000 students. Thats right grant in and and in addition to closing schools like this one for those 3 weeks all students in the district will be dismissed from School Tomorrow at noon now this is the message that went out to Staff Students and parents today to paraphrase it says there have not been any confirmed cases of the coronavirus and students or staff at any schools, according to the Contra Costa Health services but in an abundance of caution, the west Contra Costa Unified School district is now closing its schools on monday march 16th, the remain closed for 3 weeks until april 6 students up Valley High School say the closure will not only fact theyre learning but also affect their afterschool events. School just got shot down all of all of our events have been canceled all of our spring events. We had a drag show thats postpone now. Prom is canceled current of eyes thing doesnt resolve itself. I by may. I some competitions are a
Where markets have been this week worldwide and where theyre headed. And biohacking your body what does that mean to use fast nootropics to trick your body into Better Health we have a guest whos going to break it all down its fascinating stuff so much to get to on this very busy day so lets get started and we begin with the numbers on the coronavirus in fact those cases worldwide have now crossed the 100000 mark the latest data also indicates that more than one 5th of those infection cases are outside of china in all about 90 countries now have at least one case of the corona virus and in china the work is being done to create treatments on the virus and any possible mutations. Which tends. To. Be at present we have the unified deployment of virus we take Vaccine Development in china the virus mutations we saw have not affected Drug Development or the preparation of antibodies in vaccine so at present. Work is under control so we are actively observing the degree of the virus mutation