And markets are back in the red as the number of cases of the coronavirus eclipsed 200000 this is the one business show you cant afford to miss in washington coming up markets are back in freefall despite proposed stimulus measures so where do we go from here we bring you expert analysis and the outlook for stocks moving forward and drop in travel the Aviation Industry has been slammed and now some manufacturers are asking for a bailout well break down the harsh beating the sector has taken we have a back pack show today so lets go dive right in. The u. S. Markets have taken a nosedive again wednesday as the Circuit Breaker was again triggered in the afternoon causing a 15 minute halt in trading on wednesday alone pointed to its lowest level in 18 years and theres a lot to get to here theres so much news so lets go ahead and bring in 2 bucks cohost christine who joins us from Los Angeles Kristie to break down this wild day on wall street. Certainly its like a rinse and repeat of earlie
Investors of a recovery the us n. P. R. And our off by more than 6 percent amid an unprecedented volatility with the s. And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy prod
Cant be sustained as the chart continues to make higher lows indicative of a bear market now that prices plunged again down over 24 percent hitting an 18 year low as the lock down to counter the pandemic resulted in an even greater demand shock than previously expected saudi arabia is contained just broad broad record high oil is of true 12300000. 00 Barrels Per Day over the upcoming months despite the slump in demand now as saudi and russia contain a battle for market share Goldman Sachs is forecasting a full to as low as 20. 00 in the 2nd quarter there doesnt seem to be anywhere to hide in this market accepting cash gold continues to be under pressure down over 2 percent as battered investor took to unwind damage positions and reduce leverage bitcoin on the other hand looks to be doing exactly what it was made to do as it is unscathed by the volatility this week holding its support level above 5000 proving itself to be the perfect asset in a financial crisis the Trump Administration
And p. Triggering another 15 minute halt at 1 pm the indexes have swung more than 4 percent in either direction for 7 consecutive sessions now there tuesdays close topping the previous record set in 1929 now this volatility is destructive towards the integrity and confidence of the market and the dow is now trading at below the levels of one President Trump took office in 2017 corporates are now still in clear signs of stress as Companies Like fed ex General Mills and airline slash profit outlook for 2020 secretary menuhin warned that Unemployment Rate could hit a depression era of 20 percent in the absence of Government Intervention the sell off in equities is broad based indiscriminate of traditional safety sectors however there are a few bright spots on the heat map today walmart c. V. S. And walgreens are up citing bulk buying of Consumer Staples and pharmacy products and netflix was slightly up this morning before giving up gains as a quarantine has forced Many Americans to stay a
Stay and answer additional questions or whatever you want to talk about. The life in the whit war of 18t for two and a half years. We dont call world war ii the war of 1941 to we dont call the civil war the world 1861 but we call it the war of 1812. Folks that support it and feel it was a positive thing called americas second war for independence. I think it was that. Its detractors call it an unnecessary war come and they think it was unnecessary. Thankfully we havent had an unnecessary war since then, right . [laughter] i call it the unknown war because no one does anything about it. My favorite president harry truman was characteristically blunt on the war of 1812 treaty, he called it the silliest damn war we ever fought. And they think it was that, too. It was a war that had we won, candidate would have been a state. And possibly we would have had a huge slave colony in mexico, maybe even cuba. Had we lost the war of 1812, we wouldve become once again a colony of britain. But after