Statistics in march the Dow Jones Industrial average finishing down 13. 7 there were three drops of 2,000 points or more overall, the index traded in a nearly 9,000point range and half of the dow 30 lost more than 10 or more of their value for investors, all within a 31day month where so much changed in the markets and really, so much changed in the world. Also, you know what changed . Oil falling 67 so far this year a number of oil stocks have lost 90 of tlheir value in 2020 all because of demand destruction and the price war and the economy on edge because of, what the coronavirus. Covid19 and when the White House Press Conference Begins we will take you to any major marketmoving headlines or headlines concerning your health that you need to know from that press conference when it begins and now a daily occurrence at 5 00 p. M. Eastern time i am bright an sullivan and i know it was a tough start, and guy adami, tim seymour, Karen Finerman and chris vrone guy adami, lets do what we do
Geneva in switzerland is someone who has advised a shadow chancellor who has a guy standing cofounder of the basic Income Earth Network guy thanks so much for coming back on so after years of tory austerity the un called it callous policies driven by a political desire for social reengineering how well prepared is the chancellor to offer policies in response to Something Like coronavirus well to be frank i think its almost irresponsible to be having a budget today the chancellor is a young man whos never had a senior government position before and hes been in the job for weeks to prepare a complex budget and an extremely sensitive moment in our modern history when weve not only got the pandemic rushing towards us but the World Economy is at the very very fragile state where bad mistakes at. National and International Level could lead us into a big recession i want to get to those macro level top topics in a 2nd but im not sure in geneva or if youve been following it but obviously Boris
Offer policies in response to Something Like coronavirus well to be frank i think its almost irresponsible to be having a budget today the chancellor is a young man whos never had a senior government position before d and hes been in the job for weeks to prepare a complex budget and an extremely sensitive moment in our modern history when weve not only got the pandemic rushing towards us but the World Economy is at the very very fragile state where bad mistakes at national and International Level could lead us into a big recession i want to get to those macro level top topics in a 2nd but im not sure in geneva or if youve been following it but obviously Boris Johnson fired his defacto finance minister a few weeks ago and they say its dominic. Cummings who is the real chancellor of the country so we can take maybe something from Dominic Cummings his blog he said he would support even if it is income tax to boost growth what you make of that in the indeed happens of the budget today well
At all for this hour news wise but if youre looking for more head on over to our website r. T. Dot com for countless articles and interviews thanks for tuning in. I mention are times you were going underground as amid an International Coronavirus crisis the u. K. Government unveils a budget just weeks after pm Boris Johnson fired his own finance minister coming up on the show is it too late to pump money into Health Infrastructure devastated by the tory austerity that followed the 2008 western economic crash or is britains new liberal epidemic of inequality killing off the poorest too quickly we speak to economist guy standing who is set to advise the Jeremy Corbyn government if we did 1 december general election and we ask the author of why nations fail british economist James Robinson if the u. K. Chancellor should today be looking to communist china for tips on reviving britains economy plus we ask a former u. K. Home Office Minister why a pandemic hasnt yet been declared in britain
Shadow chancellor John Mcdonald will measure this budget with joining me now from geneva in switzerland is someone who has advised a shadow chancellor standing cofounder of the basic Income Earth Network guy thanks so much for coming back on so after years of tory austerity the un called it callous policies driven by a political desire for social reengineering how well prepared is the chancellor to offer policies in response to Something Like coronavirus well to be frank i think its almost irresponsible to be having a budget today the chancellor is a young man whos never had a senior government position before and hes been in the job for weeks to prepare a complex budget and an extremely sensitive moment in our modern history when weve not only got the pandemic rushing towards us but the World Economy is at the very very fragile state. Bad mistakes at national and International Level could lead us into a big recession i want to get to those macro level top topics in a 2nd but im not su