Coronavirus lockdowns but the head of the w. H. O. Urges caution. Without National Unity and Global Solidarity. Class does. The worst use it to focus. For the 1st time ever u. S. Oil prices have crashed into negative territory after the markets benchmark fell more than 100 percent in a day producers are now paying stockpile is to take barrels off their hands as the man dries up due to the coronavirus pandemic and storage runs low this says many European Countries are actually starting to ease lockdown restrictions with some shock shutters lifting across germany that mark and the Czech Republic theres also positive news coming out of it for the 1st time the number of people currently reported to be infected with corona virus has fallen from yesterday by 20 however the World Health Organization has cautioned that easing lockdowns does not mean the pandemic is over its warned that without countries working together the worst is yet to come but lets start with those historical losses on th
We are going to go through a very tough two weeks and then hopefully as the experts are predicting, as i think a lot of us are predicting after having studied it so hard, we will start seeing real light at the end of the tunnel but this will be a very painful, very very painful two weeks. Stuart the president s top medical advisers project a death toll in america of up to 240,000. Everyone is now paying attention. Now weve got to focus what will likely be the worst Economic News coming at us in generations. Millions of people will not be paying their rent this month. How will that ripple through . Millions of people have just been laid off. New unemployment claims coming out tomorrow will again show millions added to the jobless list. The airlines, they are reporting passenger traffic levels down 88 in two weeks. And Mortgage Applications down 24 from last year. The market, of course, reflects these new uncertainties. The dow dropped over 400 yesterday and this morning, its likely to o
Prone to gaffes. In congress, no agreement on how to respond to the virus. The latest proposals, a payroll tax holiday for the rest of the year. In other words, your Social Security contribution, suspended. Another one, extend the april 15th tax deadline. However, congress had better get on with it. A oneweek recess starts friday. The market, not happy with any of this. Stocks will be down at the opening bell. You kind of get seasick watching it all. Down 2,000 monday, up 1100 tuesday, this morning we will open about 800 points to the downside. Similar losses for the s p and nasdaq. The virus, there are now just over 1,000 cases in the United States. Draconian action in new rochelle, new york, where the National Guard has been called out to help with a cluster of cases in that town. Seattle has restrictions on large gatherings. The first lawsuits have appeared, a cruise line sued. And just look at this. Students at the university of dayton rioted last night after the authorities announ
Of emergency. That doesnt include local and a school near settle closed for state. Lower taxes, not higher taxes. Leave the people alone. 2 week and microsoft had asked stuart i think we know where work nester bay area and seattle youre coming from gary to work from home. The question on the market and kaltbaum. Lets ask the same question to investors are still is shame. How much will the economy slow, we dont know yet. Jack how. Politics, ugly threat to supreme im one of the Economic Court and came incredible by from senator schumer, the radicals who believes in paying minority leader of the united his bills, so we cant pretend that we are paying our bills States Senate at a proabortion when we have a trillion dollar rally he raised, you wont know deficit. By the way at the top of expansion we hit next recession. What hit you, he said. We might be going into the hole that story is not over. 2 trillion every year so if there was an idea and as long as schumer may be censored and then i
The biggest global coordinated effort since 2018 to save the Global Economy from the coronavirus. Were seeing it react pretty dramatically in the Commodity Prices right now. Look at the dow, were back up 766 points. Crude is up over 5 . Gold got smashed last week on margin calls, it is coming up 30 inhouse. That is pretty incredible run after a big blowout last week. The reason theyre buying gold, if all Central Banks start easing policy, gold might be a safe haven play t wasnt a safe haven play when we were worried about global recession but those odds seem to be going down as Global Central Bank starts to take action. Interestingly enough, last week commodities really got crushed. Grain prices, cattle prices, food prices across the globe, worried that people wouldnt have a lot of money to pie a lot of food. Those prices are coming back. Really a mood change from Opening Sunday night. We got more bad news from the coronavirus and more bad news thing is getting out of control, we open