Getting back to work versus the Public Health interests here billions upon billions of new debt has been issued, as companies try to fortress their cash hoards. Well talk about the big debt bomb that may be looming and later, the cleveland fed president horror retrloretta me join us to talk recovery and whether the rates are really on the table or not cannot wait for it. Tyler, thanks. Its the financials and the Energy Sectors which are leading the declines again today for more on the selloff, lets get to Robert Pisani hi, bob. Hello, there. And two buckets here this is about the reopening and its about questions on the valuation of the market and the big rally weve had. 60 of the losses weve regained here thats whats going on here. And you can see it in the sectors. Tylers absolutely right banks just having a horrible week were down like 13 for the banks this woke. This week the russell 2000 is getting clobbered. Retail has been drifting lower as well. Energy down about 8 or 9 , resum
On futures markets both it more than double digit. In the red so what youre seeing the market reacting to today is basically saying this is not just an issue in may which we saw of course with the monday. Historic drops in. American oil but then youre also now seeing potentially june and july and thats what has so many people worried and that also indicates that this is going to go on for one perhaps even 2 months. The u. S. Economy completely shut down for the most part and getting their economies started again is clearly going to take a long time its not going to happen overnight its not going to happen in one week things such as shipping trucking the Airline Industry all of this for the most part shut down its going to take a while to get it going back again but clearly with the oil with the. Western. Xs intermediate as its called here that benchmark is looking like its bad now next month and even perhaps a month after what is all of the sanction on the Oil Price Market is doing so
And as the number of cases of coronavirus worldwide eclipses 750000 with more than 35000 deaths in the United States has become the epicenter of the pandemic with more confirmed cases than anywhere else in the world on sunday despite hopes of returning to the u. S. Economy to normal by easter u. S. President donald trump announced the extension of social distancing guidelines through the end of april. To peak in death rate is likely to hit in 2 weeks nothing would be worse than declaring victory before the victory is won. That would be the greatest loss of all. There for the next 2 weeks and during this period its very important that every one strongly follow the guidelines have to follow the guidelines that our great Vice President holds up a lot hes holding that up a lot he believes in it so strongly the better you do the faster. This whole nightmare will end. Therefore we will be extending our guidelines to april 30th to slow the spread. Dr Anthony Fauci of the top Infectious Diseas
Trading in these Turbulent Times with a packed show today so lets dive right in. And as the number of cases of corona virus worldwide eclipses 750000 with more than 35000 deaths the United States has become the epicenter of the pandemic with more confirmed cases than anywhere else in the world on sunday despite hopes of returning to the u. S. Economy to normal by easter u. S. President donald trump announced the extension of social distancing guidelines through the end of april. The peak in death rate is likely to hit in 2 weeks nothing would be worse than declaring victory before the victory is one. That would be great. There for the next 2 weeks and during this period its very important that every one strongly follow the guidelines have to follow the guidelines that our great Vice President holds up a lot hes holding that up a lot he believes in it so strongly the better you do the faster this whole nightmare will end. Therefore we will be extending our guidelines to april 30th to sl
Its very important that every one strongly follow the guidelines have to follow the guidelines that our great Vice President holds up a lot hes holding that up a lot he believes it is so strongly the better you do the faster. This whole nightmare will end. Therefore we will be extending our guidelines to april 30th. To slow the spread. Dr Anthony Fauci of a top Infectious Disease specialist in the u. S. Believes extending these measures is crucial to slowing spread of the virus and the cost of life yes we feel that the mitigation that were doing right now is having an effect its very difficult to quantitative because you have to dynamic things going on at the same time you have the virus going up and you have the mitigation trying to push it down but the decision to prolong not prolong but to extend this mitigation process until the end of april i think was a wise and prudent decision and on monday the director general of the World Health Organization echoed this same sentiment. We und