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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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?
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news live: Stocks boosted by Trump coronavirus stimulus plans; Dow rockets over 1,000 pointsStocks jumped Tuesday, offering some respite from selling after Monday’s declines sent the Dow off by its largest percentage drop since Black Monday of 1987. I can’t until it drops double that again 😭
Source: YahooNews - 🏆 380. / 59 Read more »
Stock market live updates: White House and Fed boost stocks, Dow up 1,000, Oil drops 6%Stocks attempted a rebound on Tuesday after the Dow and S&P 500's worst day since 1987 on Monday. GREAT let get gas down to a 1.50 gallon. WTI Member people who called a bottom like, well hundreds of millions of losses ago? For every bottom calling hero that is born from this, there is a path littered with corpses. I’m fine with not trying to be a hero.
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 »
Stock market live updates: Stocks resume trading, Dow drops 1,800, 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. Need more time freedom ..RT yes it would as the rate of rise in epidemic situation has somehow slowered a bit internationally
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 »
Stock market live Wednesday: Dow drops 1,300, trading halted again, Ackman says shut down country“I’d definitely call it a panic in the markets,” investor Bill Miller said yesterday about the recent coronavirus-induced volatility, which he calls the 5th great buying opportunity of his adult lifetime. But he adds, “it takes a lot to maintain a panic.” I can't make bills if I miss two more weeks. It makes me sick to hear these folks gloating over profiting off of this crisis.
Source: CNBC - 🏆 12. / 72 Read more »