Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si
Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si
And the estimated number of deaths we will get ism today. Adp is out several european banks are spending dividends jim, how much of this mornings action does reflect the grim picture that the white house set forth yesterday . Its difficult to imagine how, lets say, optimistic people were versus what the president said last night. I think many people in the stock market understood that the numbers were completely understated. You did leave the office saying, wow, that could be just terrible because they didnt caveat it as much as you might have thought they didnt say, all right, but were doing great in this state, this state, this state they said look, this is the reality. I think the reality rolls back some of the 19. 9 gain we had last week in the s p then whats going to roll back the rest is if we have credit problems ill defer to david. David knows behind the scene what day it is today today is the day youre supposed to pay your rent david, a lot of people wont make those payments,
Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si
Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, its just spurred the market back to this height that its had. Its now up more than 20 from the bottom. Jon jon which is extraordinary, but you dont necessarily see this continuing. Were not going to see a v straight back to 30,000 on the dow. It just usually doesnt happen that way. Theres the too much that can go wrong. We can see the disease either pick up again or maybe even show up in the next si