Stocks plunge as investors fear coronavirus outbreak and oil price war—Five experts on what to watch nextShares of Dollar Tree and Dollar General were up 2.5% and 1.5%, bucking the downward trend in the broad market as investors piled into defensive stocks like discount stores. Consumer staples are typically less tied to economic turbulence and will survive a recession as people would still purchase daily goods during a downturn.
that falling oil prices were good for consumers, while he blamed the media and Russia and Saudi Arabia "arguing over the price and flow of oil" for the massive sell-off in stocks.The first day of the Federal Reserve's expanded operation to provide short-term funding for the financial system saw high demand. The New York Fed accepted $112.9 billion of bids after announcing earlier in the morning that it was increasing overnight offerings from $100 billion to at least $150 billion.
Bloomberg reports Musk lost 16.3 billion in the past few days.
Yes, thank you CNBC for feeding the fire day and night, minute by minute. Death by death.
Duh. It’s the stock market. Up, down, up, down. They’re not cashing out- it will bounce back.
Funny how two men who will prob lose the most wealth are also the ones getting space done.
Bitcoin prices are dropping, cos China is dumping all due to the virus.
They won’t suffer - these are long term strategic investors probably buying more stock as this been broadcasted
LorenFogel Poor, poor Bezos. Said no one, ever.
fight_goddess I feel for the working Americans and their 401s but the billionaires can suck eggs.
They are probably some of the few people who it doesnt matter to. So many people nearing retirement are impacted so much more
And made :)
So what? Other than driving the stupid into a frenzy, who cares?
We love to see it
That is why you need to diversify your investment, Finance 101 elonmusk
akdazed I feel really bad for the super rich right now. Wait...
Don’t really care about Bezos or Musk. Others, with must less wealth, are getting hit.
There goes the rich paying for everything for everybody.
Bernie people probably think is amazing not likely realizing it’s going to zap their own retirement accounts as well. Or maybe none of them have retirement accounts at all...well guess what, this makes it even less likely those that do will be able to fund your free ride.
No more wealth tax for them to help close the growing wealth gap.
The reporter looks positively gleeful. Smh America is stronger than ever, we will be fine.
Mainstream media and Social media are over-reacting, as usual. Market's are not obliged to be Uni-Directional. Hot money has to exit and re-enter. Moneybags don't sit staring at screens watching monies vaporize unlike weak (Retail) hands. marketcrash marketcrash2020
Imagine how much more Bezos would have lost if he hadn’t been divorced?
Government should have Sooken up to All! We would be in better shape! Cruise ships etc. All HIT The fan!! 🤔
Imagine losing billions and not even caring. Whereas I’m losing thousands cause RobinhoodApp isn’t working and I’m stressing out about it.
*transfer of wealth
Good thing those fucking tax cuts put the US further in debt for ABSOLUTELY NOTHING! GOPTaxScam
Everyone see how dangerous the anti-Trump fake news media is now?
My heart bleeds.
how will they live!!!!
😭 Why can't billionaires ever catch a break! They've suffered enough!
They dont lose if not sell
they did not lose it, they are down this much.
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