Me jimcramer. I have to be honest with you, we could be on the verge of a depression, not a recession, a depression if things dont go right. Worst monthly report since 2009. 700,000 jobs lost and that doesnt even cover the last two weeks where we had 10 million jobless claims the bad numbers are just beginning, which is why the averages got hit today, dow losing 361, s p 3. 1 , nasdaq falling. It could have been worse earlier in the day, it was bad this is going to be a brutal period if we handle things right, it will be a short depression i would call it a decession or a repression but the first sounds silly and we dont want a repression can we have a mini depression . Were in unchartered waters. I hope so. Still, i think were making Real Progress in the economic front today, Small Businesses applied for hundreds of billions of dollars in loans that will allow them to stay open in a tough period and the government will forgive those loans if you pay your workers full disclosure i appl
Reporter because we came in with some Sales Numbers, new home Sales Numbers actually were stellar, highest levels we have seen since 2008. A real winner, about five and a half . Ashley interesting story also, nicole. Investors betting on stock despite disappointing revenue. Reporter we are getting news. Governor Chris Christie may believe it legalizing. Ashley that explains it. All right. Lets wait for the bells rang. On the flip side investors fleeing shares of retailer vitamins are today. Reporter right. There will be opening as many stores as anticipated. So down big time today. [closing bell ringing] ashley all right. The bells are back rihanna wall street. That up about 117. Dont panic. Wideopen. Here we go. Up almost about 118 points, s p up nicely sebacic tenths, nasdaq and the russell composite , both of close to half a percent today. So the big focus on european markets today, and thankfully we did not follow them. Stocks slumping. Italian yields spike in as well. Inconclusive
The Biden administration has announced a $9 million grant to Alaska researchers to study a project that could capture carbon emissions from a big new coal-fired power plant and inject