And workers. Finish on the barrons round table tonight but at a safe distance, ben leveson, carl english and jack howe. Ben, first to you. Lets talk about whats happening in the market right now. In the beginning of the bear market, we had that crazy panic stage, lots of missed pricings. Now things seem to have settled down, investors maybe trying to find what the right prices are . They are. Or at least they, you know, theyre making bets that some kinds of companies are going to have a lot of trouble going ahead, and thats your traditional retailers, airlines, cruise companies. After rallying last week, theyve gotten hit very hard this week. And there are companies that have been winners including Biotech Companies who are working on treatments and vaccines for coronavirus. And theyve done very well. The one strange one is energy which has been among the losers but had a fantastic week because of reports that maybe we could see some production cuts to oil, and that would help drive th
Economists believe this is really just the tip of the iceberg with probably millions of layoffs still to come. On monday the first big wave hit the Retail Sector with macys, kohls and gaps announcing they would furlough tens of thousands of mows. The closure of stores to prevent the spread to have virus has taken a heavy toll on its business. And President Trump had to give up on his hope expressed just a week ago that the u. S. Could be opened up by easter. Hes now saying the company will have to keep practicing social distancing for the entire month of april, and he add added that we should prepare for a very painful two weeks ahead. Meantime, his top medical advisers warn that up to 240,000 americans could die from this disease even with current Safety Measures in place. On wall street stocks ended their worst First Quarter ever. The dow lost 23 , thats the biggest quarterly decline since the quarter of the black monday market crash of 1987. And the New York Stock Exchange floor rem
Finish on the barrons round table tonight but at a safe distance, ben leveson, carl english and jack howe. Ben, first to you. Lets talk about whats happening in the market right now. In the beginning of the bear market, we had that crazy panic stage, lots of missed pricings. Now things seem to have settled down, investors maybe trying to find what the right prices are . They are. Or at least they, you know, theyre making bets that some kinds of companies are going to have a lot of trouble going ahead, and thats your traditional retailers, airlines, cruise companies. After rallying last week, theyve gotten hit very hard this week. And there are companies that have been winners including Biotech Companies who are working on treatments and vaccines for coronavirus. And theyve done very well. The one strange one is energy which has been among the losers but had a fantastic week because of reports that maybe we could see some production cuts to oil, and that would help drive the price back
Could you suggest which specific areas of the country could have guidelines relaxed . Trump i think there will all Start Talking about that in a few minutes, tony will talk about it, but cant say lets close. People dont want to close. I say it again and again. The reason i do is that i want you to report it eventually. Reporter when you talk to president xi tonight, what do you want to talk to him about . President trump it is his call. I think we will have a beautiful call. It is tonight at 9 00. We will be talking about the virus. Reporter the market rally again, up over 4000 points in the last three days, largest increase since 1931. The Economic Activity has passed . President trump no, it has not passed but it has come along way. They think we are doing a really good job in terms of running this whole situation in terms of the virus. I think they feel that the administration, myself and the administration, are doing a good being very important in keeping people informed, because t
Why this is good for business and workers. Finish on the barrons round table tonight but at a safe distance, ben leveson, carl english and jack howe. Ben, first to you. Lets talk about whats happening in the market right now. In the beginning of the bear market, we had that crazy panic stage, lots of missed pricings. Now things seem to have settled down, investors maybe trying to find what the right prices are . They are. Or at least they, you know, theyre making bets that some kinds of companies are going to have a lot of trouble going ahead, and thats your traditional retailers, airlines, cruise companies. After rallying last week, theyve gotten hit very hard this week. And there are companies that have been winners including Biotech Companies who are working on treatments and vaccines for coronavirus. And theyve done very well. The one strange one is energy which has been among the losers but had a fantastic week because of reports that maybe we could see some production cuts to oil