Airlines. States added into the quarantine list in the tristate area, and that is affecting airlines. Twitter is up 2. 9 . A little bit of a tease early on, a tweet from jsck saying f everyone inthat it america wore a mask, they would add a like button. Lori heinel is with us now. While we looked like we were seeing a selloff, we are now fighting for a take a lower in the markets. Is there anything to upset this market trajectory . Lori there is plenty to be concerned about. Everyone is certainly watching covid cases and whether those continue to accelerate. While we are likely to see optics in cases, and it will be spotty around the globe and in the United States, we think there is less chance that we will have the accounting draconian measures, a complete shutdown. We have to think about covid but also how this will improve as we dont have those complete shutdowns that we had earlier this year. Vonnie would you say to any client that you need to be somewhere, given that they are such
Here i am talking at gettysburg. Guys back toyou 1831 . Know, isg, as you central battle, the place where the most important battle happened in American History. Its also the place of the gettysburg address. Telle come here, unlikeits noo you about 1863 more than you already know. Let me start with abraham lincoln. Addresshas anyone ever aged asn five years . Abraham lincoln gets up and one of the things he does is he is sitting there. And he starts talking about southhampton county. He asks his audience and new yorkers what induced the southhampton direction 28 years many as threeas times as many lives were lost. Back to 1831, not 1832, the year Gettysburg College was founded. Its not lincoln who is president , it is jackson. That guy. Economics. I want to set this economically. When we look at the civil war, many more historians know railr. 18 30 1830. Here is a map of Railroad Construction in the United States by decade. 18 30 there is nothing. There are three dots. There are two do
Here i am talking at gettysburg. Guys back toyou 1831 . Know, isg, as you central battle, the place where the most important battle happened in American History. Its also the place of the gettysburg address. Telle come here, unlikeits noo you about 1863 more than you already know. Let me start with abraham lincoln. Addresshas anyone ever aged asn five years . Abraham lincoln gets up and one of the things he does is he is sitting there. And he starts talking about southhampton county. He asks his audience and new yorkers what induced the southhampton direction 28 years many as threeas times as many lives were lost. Back to 1831, not 1832, the year Gettysburg College was founded. Its not lincoln who is president , it is jackson. That guy. Economics. I want to set this economically. When we look at the civil war, many more historians know railr. 18 30 1830. Here is a map of Railroad Construction in the United States by decade. 18 30 there is nothing. There are three dots. There are two do
Debt. Joining us to discuss is a high veteran, Lehmann Livian Fridson Advisors chief Investment Officer martin fridson. I want to talk about this wave of downgrades we have had. Yet, itenomenal, and seems like we have not reached the apex. Do you anticipate more double and triple downgrades . Martin i think we will see that continue for some time. If is such a dramatic change in environment, it is taking a while to get through all the companies, but in addition to aat, some Companies Just had light switch turning off kind of change. Historically, you have some finance companies go down quickly if they lost their ability to borrow, they could sell quickly. Industrial companies historically have taken a long time to make the migration that we observed recently. 1100 basis points around march 23, and then we had a bit of easing. What do you see in terms of levels, spread wise, and default wise . Martin default will clearly rise. Defaults will clearly rise. We think double digits. The high
Which will hit in b about an hours time. The s p up by just three basis points coming up on todays show, former National Economic council dr director, gary kohn, will join us about reopening the the economy. The debate over funding for states and the Small Business ppp funding. Plus, a flood of big name earnings set to hit this afternoon including as you mentioned, alphabet. Starbucks, ford, am well also speak with the ceo after his Company Reports earnings, what consumers are doing and how much theyre snacking around the world. Lets focus on one hour of trade. Mike is tracking the Market Action in whats shaped up for a volatile day meg has Quarterly Results from big pharma names mike, start us off with the brorder market of what you seeing some pretty strong opposing currents holding the index in a steady mode. Look at the s p 500. This goes back a couple o years because i want to point out the areas that were encountering with this rally. Here we are around 2880. That takes us back t