Stocks Slump, 36 Million Jobs Lost, Vaccine in 2021?, AbbVie CEO by Squawk on the Street

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LISTEN NOW: Jobless claims hit 2.98 million last week, bringing the 8-week total to more than 36 million. Listen and subscribe to the SquawkStreet podcast with carlquintanilla, JimCramer and DavidFaber here:

 

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SquawkStreet carlquintanilla jimcramer davidfaber god i can’t stand Cramer

SquawkStreet carlquintanilla jimcramer davidfaber This under Trump administration. 36 million unemployed

SquawkStreet carlquintanilla jimcramer davidfaber Anyone who says we will have it by end of year is either truly delusional or truly a liar. Take your pick.

SquawkStreet carlquintanilla jimcramer davidfaber But the cure still isn’t worse then the disease right?

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European shares slump on virus fears, banks hit by weak earningsEuropean shares fell on Wednesday as investors feared that a resurgence in COVID-19 cases would quash hopes of a swift recovery in the global economy, while rising U.S.-China tensions also dented sentiment. Banks are cheap investment now if you have the spare cash and can wait a year....Irish banks particularly are at an all time low right now and are my choice for a long term investment.
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Companies Start Reaping Billions in Tax Breaks to Ride Out Economic SlumpNew tax breaks expected to total about $650 billion are starting to flow to U.S. businesses, giving them quick cash and longer-term help to ride out the coronavirus-induced economic downturn. really? All aid should be taxable on your 2020 tax returns. If the money wasn’t really needed that’s the way to recoup unneeded aid. Tax breaks instead of lending support is very smart decision by Federal Gov’t. Will equate to an acceleration of the economy at time of restart.
Källa: WSJ - 🏆 98. / 63 Läs mer »

This is the most expensive time to buy stocks in 20 yearsThe magnitude of the rebound on Wall Street has raised eyebrows given the extreme pain on Main Street 100,000 businesses closed permanently Total garbage. The stock market all time high was in early February. The Fed doing its magic, not a free market
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Stocks in Asia Pacific set to slip amid risks of new infections as economies reopenDr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned that the U.S. could risk additional outbreaks if states start to reopen too quickly. Hardly rocket science. Infections were always going to increase under opening up connections. This pandemic isn't over. Will increase death rates by 2 in next wave. Always been known this equation. No. Stocks slip amid the MSM premise that NEW INFECTIONS will rule the day. They’ve been wrong at every turn, but hey the gullible half is always ready to nod and agree for they lack BRAINS 🧠
Källa: CNBC - 🏆 12. / 72 Läs mer »

Trump Administration Tells Federal Retirement Plan to Avoid Chinese StocksThe Labor Department is pressuring the overseer of the federal government’s $594 billion Thrift Savings Plan, the nation’s largest 401(k)-type plan, to cancel a plan that would allow investment in Chinese stocks. Yeah, before you tell us how to invest we're gonna need to see your tax returns. TrumpTaxReturns Good job! Conservative, limited government at its most Trumpian
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Stocks Fall, Dow Plunges Over 400 Points As Reopening Of The Economy ContinuesThe market opened slightly higher today but later turned negative as Wall Street continues to assess the risks of reopening the economy, with some states lifting coronavirus lockdown orders by skleb1234 skleb1234 Get Free books From Amazon.. 👇 Don't miss it... freebooks skleb1234 skleb1234 As in based on nothing new specifically, the wall street elites and their sponsors trashed the markets acutely, again, to the tune of 2% in a few minutes. Try to clarify, once a decade would be nice Forbes.
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