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By thursday we were down better than 20 from the february highs. That is definition of a bear market. The dow alone, down 10 on thursday that was the worst day since the 1986 crash and black monday. That left traders unsure how to handle the virus impact and questions abound about how slow the economy will become . Are we in a recession right now right now is a boston group chief officer david monson is here, joining us this weekend with 2 billion in Asset Management and eve got the ceo of van ecks, 51 billion in assets under management 80 of funds great to see both. Thank you so much for joining us. What a week, david lets kick it off with you. What did you do, were you caught flatfooted with that 2000point selloff on thursday quest mark. Thereto answers on that, i feel we are caught flatfooted in their sense of theres absolutely no time to react not just this week but over the last weeks. It is the unlike 20,072,008 and surly ....
Lets head straight to blake urman at the white house. The president declaring a National Emergency over the coronavirus. I love that of a loved the economic message that the president spoke about afterwards as what might come next in terms of help with the economy. First off the National Emergency declaration this flexibility for the hospitals and hhs health and Human Services which as you knows at the forefront of trying to tackle the corona virus but this would allow for increased beds in hospitals. For example the presence that would unleash tens of millions of dollars to the tune of 50 billion as well. We have also heard on the economic side that the administration would weigh several options as they wouldnt need the help of congress for and we got two of those from the president today in his rose garden pres ....
We must take all precautions and be responsible for the actions that we take and that we see other people take. We want to prevent the spread and transmission of disease. Its incredible to watch whats happening with the sporting world where so many of the sports weve gotten so used to at this time year, they wont be competing. Theyve done a Great Service and thats another way problems could because for this is why i outlined in wednesday night my administrations, the fact that weve issued requirements suspending all medically unnecessary visits to various places, but in particular Nursing Homes. We should all be working off the same playbook when it comes to protecting americans. We need to be consistent in adopting measures to limit the spread of virus. The same way its spreading in cities, towns, rural communities, the tools and tactics are similar no matter where you go. The ....
Lets head straight to blake urman at the white house. The president declaring a National Emergency over the coronavirus. I love that of a loved the economic message that the president spoke about afterwards as what might come next in terms of help with the economy. First off the National Emergency declaration this flexibility for the hospitals and hhs health and Human Services which as you knows at the forefront of trying to tackle the corona virus but this would allow for increased beds in hospitals. For example the presence that would unleash tens of millions of dollars to the tune of 50 billion as well. We have also heard on the economic side that the administration would weigh several options as they wouldnt need the help of congress for and we got two of those from the president today in his rose garden pres ....
Party to take on Hillary Clinton in the general election. After cruz refusal to endorse me the one and only loustions, dobbs and in the moment we will have nigel farage join us and nigel farage was the man who was behind the uk exiting the eu and a lot of people talk about the similarities of the europeans they are and what the uk saw and what we are experiencing right here in america right now. Accepting the nomination given there were so many naysayers in the beginning and right up until last night ted cruz saying he is not the guy, i think it really y convention, every tradition of the party and has done so to great effect. Obviously he is going to accept the nomination here tonight, and i think we are going to see these changes continue. Trish Reince Priebus is speaking. Lets listen in. Thank you, thank you. To the people of cleveland we say thank you for your hospitalit ....