SiriusXM, which also posted decent financials this morning and said contract talks are ongoing with star host Howard Stern, was up strongly in the morning but changing hands flat to slighly down in a volatile market.
The DJIA was down about 200 points midday, off its lows following a report by the Bureau of Economic Analysis that gross domestic product decreased at an annual rate of 32.9% in the second quarter. That compares with a 5% decrease in the first quarter and is the worst plunge the Bureau has recorded since it started in 1947. The worst to date was a 10% decline in the first quarter of 1958, according to news reports that looked through the records.
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He could have had a V8