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The Clark Howard Podcast

3.17.20 Coronavirus causes recession, major job market dysfunction; How government relief is coming during economic upheaval

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 17 March 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

Clark continues to talk about the fallout from the Coronavirus pandemic. There won't be a way of avoiding a recession, and many American jobs and small businesses are at risk right now. The government is working on ways to prop up the economy during the pandemic. But they seem to be more focused on big business than individual Americans. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Crypto doesn't sleep, so neither do we.

0:04.0

Crack-and-client support is available 24-7, 365 days a year by call, chat, or email.

0:11.0

We're here for you whenever you need us.

0:13.0

Give us a shout at crackin.com forward slash support proof,

0:17.0

not investment advice. Crypto trading involves risk of loss.

0:22.0

Great to have you here on the Clark Howard Show where it's all about you and that wallety yours.

0:33.0

I want you to learn ideas from me so that you will have great coping skills

0:39.0

as we go through these next few months of coping with coronavirus.

0:46.0

Our website Clark.com, our crew is hard at work,

0:50.0

putting information that you can use to work for your wallet and information that separates from the hype,

0:59.0

the truth about what you need to know about your health.

1:03.0

And we are seriously working around the clock trying so hard to give you information

1:11.0

at a time that people feel more anxiety that you can act on.

1:16.0

Coming up, I want to talk about what you can expect the Congress act on.

1:21.0

But right now, I want to talk about why coronavirus as a health event

1:29.0

has become such a brutal personal event for many people's wallets.

1:36.0

And it's because we are already in recession.

1:40.0

And the recession we're in is going to get deeper by the week as economic activity

1:49.0

seizes up in so many sectors of the economy.

1:54.0

We are going to find a lot of people unemployed.

2:00.0

Big businesses will go longer than small businesses and being able to keep people on the payroll.

2:07.0

But the layoffs are coming across the economy.

...

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