12:15 pm: Mnuchin says market trading hours could be shortenedcut trading hours.
"We may get to a point where we shorten the hours if that's something we need to do," Mnuchin said during a press conference Tuesday. Stocks have been in a turmoil where trading was halted briefly multiple times to prevent the market from falling through the floor. Market volatility, measured by the VIX, also surged to the highest level ever amid weeks of wild trading.
in Americans' pockets "immediately" amid the coronavirus crisis. "Americans need cash now," Mnuchin said during a White House press briefing on the administration's latest efforts to combat the disease. "I mean now in the next two weeks."-slashed its oil forecast on Tuesday as the COVID-19 outbreak continues to pressure demand. "Demand losses across the complex are now unprecedented," Goldman's global head of commodities research Jeffrey Currie wrote in a note to clients Tuesday. The firm said that oil use has fallen by eight million barrels per day as the coronavirus has led to a near standstill in travel, among other things. Goldman now sees U.S.
Why don’t the experts say what is really going on? Big houses are driving all of this daily see-saw action and making billions, while the rest of us are left scrambling in the wake. Who are the ones making billions on this artificial volatility? That’s the real question.
Report something positive...quit the negative reporting!!!!!!!!!!
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.
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