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
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
About 6. 6 million filed for unemployment in the past week. So 10 million who have gone into this even though it doesnt have the most recent week will watch to see how this turns out. Crude oil prices after the biggest hike after one day after maybe 26 after news that joe kernen reported here after the president said what he was going to be doing absolutely changed not only the oil market yesterday but the entire equity market as well yes like i said. You suspend disbelieve of everything at this point dont we came in, talked to him he tweeted exactly what he said. It was vintage trump expects, hopes while i certainly hope so, i expect what has been confirmed bio peck is while they are saying at least 6 million in their meeting. The president said as much as 15 maybe they are talking about overall. Opec . Yes opec the market didnt really back off yesterday after the president was racing eyebrows maybe prematurely announcing or hoping for a deal or massage people into a deal didnt back o
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