Page 33 - Jack Howe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In the food chain supply . My colleagues ben leveson, carlton english and jack howe. So the worst month in the markets since the great depression, april the best month in the market in 33 years. Can you explain the schizophrenia and explain to viewers why the market and the economy can seem to be going in different directions. This is kind of what the market does. Its forwardlooking. So its looking to deterrence and whats happening next. When the market was falling apart in march, nobody was saying, oh, look how great the data was in february that. s kind of whats happening now. In april we go...

Leveson, jack howe. Ben, we saw stunningly horrible economic numbers last week, really unbelievable, but the market actually was higher on the week. What is happening . Yeah. I mean, this data was just terrible. Retail sale, industrial production, empire state manufacturing, you name it, it was probably the worst ever on record. Unemployment, the jobless claims continued to rise another 5 Million People lost their jobs. I mean, its just bad. But we knew it was going to be bad, and theres also two rays of hope out there. One was a new set of treatments that gilead is working on for covid actual...

Taking a real beating. For the fourth week in a row, firsttime jobless claims were in the multimillions taking the total number to 22 million. Retail sales plunged 8. 7 in march, the worst ever in history of data. And the Federal Reserve reported Economic Activity has fallen sharply during the crisis. Mindful of the damage to the economy, President Trump announced on thursday guidelines to begin reopening the country soon, leaving the actual Decision Making to state governors. Meanwhile, the country is being subjected to what is essentially a rather pointless daily battle between the media and...

Wish we were together again. So the word unprecedented is getting quite a workout over the past month or so. Jack, it certainly applies to what was happening in the Energy Market over the past week. Right at the start of the week the Energy Markets you know what . Lets get weird. I know you think youve seen weird, but how does 37 sound on a barrel of crude oil . Does that mean i can go to a gas station, theyll pea me to if fill up the car . Thats not what it means. In the futures market, each contract has to do with a specific type of Oil Delivered to a specific place at a specific time, and o...

Ben, i want to start with you. We got a glimmer of hope as we see maybe social distancing is actual working, the growth of coronavirus cases is slowing. We also, of course, had unprecedented moved by the moves by the federal reserve. So tell us what you see in the market. Its got everything that it could have wanted this week. It got the good news, the illness appears to be slowing and then the fed coming in with this massive package where its going to buy highyield bonds and muni bonds to make sure that the markets are functioning correctly. You couldnt ask for anything more. And its just, it...