Marketsal rallied hard this week. After the fed came out with a stimulus plan to back up the government. The dow and nasdaq were up more than 10 for the week while the s p saw its best week since 1974. But are these bailouts enough to get the economy back up and running, and could a rocky earnings season spook investors . Joining me now to discuss this and more from santa fe, Thornburg Investment president and ceo jason brady. Jason, good to see you. Thanks for joining us. Its a real pleasure. Thanks for having me. David the administration is already looking ahead about how to fire up the economy once we emerge from our shelters. How precisely do they do it, who makes it and who does it as we try to fire up this economy again . You know, its a great question, and Vice President pence is obviously leading that effort. Looking at the commentary there, it seems to be driven by health officialses and their determination, obviously, those are the experts. When i think about that and startin
Marketsal rallied hard this week. After the fed came out with a stimulus plan to back up the government. The dow and nasdaq were up more than 10 for the week while the s p saw its best week since 1974. But are these bailouts enough to get the economy back up and running, and could a rocky earnings season spook investors . Joining me now to discuss this and more from santa fe, Thornburg Investment president and ceo jason brady. Jason, good to see you. Thanks for joining us. Its a real pleasure. Thanks for having me. David the administration is already looking ahead about how to fire up the economy once we emerge from our shelters. How precisely do they do it, who makes it and who does it as we try to fire up this economy again . You know, its a great question, and Vice President pence is obviously leading that effort. Looking at the commentary there, it seems to be driven by health officialses and their determination, obviously, those are the experts. When i think about that and startin
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 remained eerily quiet, tempora
Foundation. Colonel, great to see you. The president is on a Conference Call to get this oil deal done. Your reaction to that story as we await for the presser . I think one of the Untold Stories about the whole Covid Response has been the u. S. As a global leader. Were so focused on the domestic story. Were so focused what china is doing around the world that china is absent and were not. This is one of the instance United States holding back, Holding World Health Organization accountable. Tremendous work weve done with other countries own development and cdc and everybody else. U. S. Is still the global leader. Im glad we have Something Like this to remind people of that. Elizabeth i want to move to jobless claims. This is a story of reopening. The American People want to know the plan Going Forward from reopening economy. Were different from europe. Entire nations shut down. They can make the call to reopen. We operate on a 50 state model. Here is the problem, 6. 6 million jobs lost
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