Brendan McDermid | Reuters10:17 am: Ray Dalio says the coronavirus will cost US corporations up to $4 trillionU.S. corporate losses will amount to $4 trillion
due to the coronavirus pandemic. Globally, the outbreak will cost corporations $12 trillion, he added. Dalio said the fiscal stimulus package should be $1.5 trillion to $2 trillion at a minimum, depending on the form of the financial relief such as loan guarantees and credits. "What's happening has not happened in our lifetime before ... What we have is a crisis," Dalio said in a
interview. "There will also be individuals who have very big losses. ... There's a need for the government to spend more money, a lot more money."Stocks are now higher across the board, with the Dow erasing an early 700 point loss. The 30-stock index is now up 178 points, for a gain of 0.9%. The S&P 500 is 1% higher, while the Nasdaq Composite is up nearly 3%.gained 1.5% as some of the biggest tech stocks rallied. Netflix has jumped 6.8%, while Facebook rose more than 5%.
Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it's already here. "We are officially declaring that the economy has fallen into a recession ... joining the rest of the world, and it is a deep plunge," Bank of America U.S. economist Michelle Meyer wrote in a note. "
." The firm expects the economy to "collapse" in the second quarter, shrinking by 12%. For 2020, the firm expects GDP to contract by 0.8%. —Stevens
more multiplation with zero
Oh, don't worry - Trump will open his anus mouth and the market will start free falling again ...
Markets are clearly in a state of panic and forced liquidations !!!📉
Keep it going America! You can't kill freedom......
Is this uptick of fed funds into the market a HeadFake? What happens when it gets eaten up and absorbed into the abyss?
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Source: YahooNews - 🏆 380. / 59 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: White House and Fed boost stocks, Dow up 600, Boeing cratersThe Dow dipped below 20,000 this morning, but later recovered. Here’s what 5 experts have to say about the market volatility amid the coronavirus pandemic. buy now. when this blows over people are going to party like crazy. This sounds like the stimulus support that we've been looking for, so I think that it's ok to buy incrementally. In total, the package sounds right at maybe $2t to $3t. Don't be mistaken, there will be more bad news, but this news just shortened the distance to a bottom. Report something positive...quit the negative reporting!!!!!!!!!!
Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Stocks resume trading, Dow drops 2,000, Ackman says shut down country for 30 daysA discussion of everything that's moving markets from a potential $1 trillion stimulus package to an unnerving move in bond yields. MARKETS DONE here sure signs a recession will happen. USA MAIN GOAL is to stop this virus at all cost. THIS market will continue to fall until we hear some good NEWS ABOUT THIS VIRUS. TrumpCrash Have Trump resign and it will stabilize.
Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »