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As perverse as it may seem, markets can indeed rise amid a sobering week for the nation.
The Stock Market is NOT the Economy
Coronavirus: State of the Economy Part One
More than 1.5 million Americans filed for unemployment last week, bringing the total jobless claims to over 44 million in the last 12 weeks. Yes, weekly job losses continue despite a big gain in May. And yes, the rollercoaster on Wall Street is just as bumpy as it was a few months ago.
To help try and demystify the current state of the economy, we're joined today by Mark Spindel, one of my oldest friends in the world and the Managing Member, Chief Executive Officer and Chief Investment Officer for Potomac River Capital.
Mark, who along with Sarah Binder, recently published: The Myth of Independence: How Congress Governs the Federal Reserve. If you're looking for a deep dive on the Fed, this is the book for you.
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Coronavirus: Stuck Investor
You're in your 20s, want to start investing, but got spooked by the recent madness on Wall Street. What should you do? Jump in or wait until things settle down?
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
CBS This Morning: Economic Turmoil
The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. I joined CBS This Morning: Saturday to break down the latest financial information.
Pandemic Economy: Winter Has Come
CBS This Morning: Market Volatility
The New York Stock Exchange will temporarily close its famous trading floor on Monday after two people tested positive for the coronavirus. Trading is set to resume electronically. On Wednesday, the Dow closed below 20,000, erasing nearly all its gains since President Trump took office. I joined CBS This Morning with reaction to the extreme economic uncertainty.
CBS Evening News: Dow Falls 3,000 Points
Financial markets suffered losses of historic proportions Monday, with the Dow falling almost 3,000 points, the biggest one-day point drop of all time. The tumble comes as President Trump concedes the country "may be" heading for a recession. Here’s my report for the CBS Evening News.
Fed Action and Coronavirus Bear Market 2020
CBS Evening News: Dow Recovers After Brutal Week
The stock markets ended a brutal week on a positive note. The Dow bounced back by nearly 2,000 points, picking up more than 9% on Friday. Here’s my report from the CBS Evening News.