Welcome to the Jill on Money Corona virus Market update.

We are presented by Marcus by Goldman Sachs and this is our daily update during this incredibly nutty period of time where the global pandemic is spreading the economy is really hit the breaks and you have a lot of questions. So remember these

daily updates are just to give you a quick encapsulation.

Okay, we're not going to tell you every single thing that happened, but generally speaking,

what I wanted you to know for today is it was another bad day.

It wasn't the worst day. We had yet another 15 minute trading halt this time in the afternoon, not in the morning.

But what's also very important is that markets did tend to hold at the end of the day.

I thought that, you know, as an old trader, I thought that was a very good sign that

we didn't plumb through the depths. So the Dow was down another 1,300 points or 6%, the S&P 500 down 5.2 at 2,398. So there's a weird thing that we old traders start to do as we start talking about old areas of support.

And so there was this one day back in December of 2018 where the S&P 500 was at 2485 and the fact that we

went below that particular level was sort of seismic in the marketplace.

We didn't go crazy.

It was a terrible day.

I'm not saying anything good is happening.

You know, the S&P 500 is down 26% this year. We also saw crude oil fall and that to me was something that was just unbelievable frankly.

Crude oil is down 61% this year.

Unbelievable.

What else happened?

We finally got phase two of the bailout.

That's about 105 billion dollars and that was the house bill that was already agreed upon now we're talking about phase three and that phase three is pretty big deal

That phase three includes five hundred billion dollars in checks that are going to go directly to individuals. It's going to be in two different

check payments, one in April, one in May. Looks like a thousand bucks each, but it's going to depend

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