Will try to use the system to shut you out yeah shut you out is exactly that was what we were seeing happening on thursday as you saw this whole you know monday through wednesday of last week as well like you know that stock just skyrocketing because theyre buying and buying and buying would just call the short sellers to be like oh my gosh i was broken with you know basically what was interesting with that is that thats when you know trading like robin hood t. D. Ameritrade Charles Schwab and others started restricting users from being able to actually buy game stop stock and other stocks that also were being looked at as short sells that the you know other groups driving up the price of what you see and things like that its pretty incredible robin who claim this was due to recent volatility in the market over listen to this submission. Of the week and many posters on wall street pointed out that quote one hedge fund suffering amid the game stop surge was Melvin Capital Management whi
Relief chief. Thank you for joining us. The brutal impact of coronavirus lockdowns on the Global Economy is becoming clearer with the release of new Financial Data. The numbers only reflect up to the end of march as most restrictions were being put in place. Let us start with the Worlds Largest economy, the United States, which has recorded more than 60,000 dead. 4. 8 conomy has shrunk since the start of the year. That is the largest drop since 2008. New numbers from germany show its gdp is expected to contract by more than 6 this year, plunging the country into its deepest recession in half a century. And the economic heart of africa, nigeria, has been granted a 3. 4 billion loan from the imf. That is the funds largest ever aid package for a single country. All of this as the International Labor Organization Warns that 1. 6 billion workers in the informal economy are in danger. Nearly half the global workforce. 2 billion workers of the world, about 1. 6 billion have suffered massive d
Aggressive strategy is working to battle continues, but the data suggested nationwide we have passed. The peak horn new cases. Today President Trump says guidelines to reopen the country are coming tomorrow afternoon. Thank you for joining us tonight at 8 oclock im grant lotus. And im Vicki Liviakis this as the president signals america might be past the pandemic peak. But despite the bending of the National Curve different areas are on different timelines today, los angeles reported record deaths and in new york your now required to wear a mask or Face Covering while in public. Meanwhile. Were up to 5600 confirmed cases of covid19 and today, San Francisco county reported. 2 new deaths in 26 2 cases, Alameda County reporting 13 new deaths today to go along with 74 new cases, Contra Costa County 2 additional deaths 15 new cases, 5 more people have died in Santa Clara County where there are 127 new cases and in Solano County there is one new case and tonight there are more than 2 million
We do know this is an unprecedented amount of money. Congress has never passed a rescue package like this before before, 1. 5 trillion on top of about 200 billion that was in the legislation that passed only a couple of weeks ago on top of the 8. 3 billion that was in the first one. This this is phase three. And then, finally, number three, this legislation does provide the help to the Health Care System, quickly, the Public Health care system to be able to provide the protective gear thats needed for Health Care Workers, the additional ventilators needed in our hospitals. The antiviral medication that can help when someone tests positive to know theres going to be a way to minimize to reduce the effects of this virus, the infection. And really significantly to not only lab corps said they can do 300,000 tests a week. We need to use the cotton swab to get them the swabs. There needs to be a process to get them. Now were starting to come online, this funding legislation will help them t
Orders the numbers are not pretty the dow on track for its worst First Quarter ever falling more than 20 Retail Stocks are front and center as the coronavirus handcuffs the once strong u. S. Consumer how long will the pain last . Well dig in on that this hour bob, we begin with you and the markets today. Good riddance to this First Quarter of second worst quarter s p history. This is why everybody is hopeful about rebalancing a little bit here corporate bonds, flat and high yield down 12 be. Reminding us in a recession these kinds of bonds, high yield tend to act like stocks. A little bit reminder about that we have good news and bad news the good news is the president is out today pushing an infrastructure stimulus. That would be a number of programs out there we have progress on the vaccines and testing. The fed and congress have gotten very aggressive in the last few weeks. All good news. Theres still bad news we havent begun to see the really bad Economic News the market is very do