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Jill on Money with Jill Schlesinger

Coronavirus: Emergency Reserve

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 24 April 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

When the market is down, it can be very tempting to jump in, and I don't necessarily have a problem with that, but only if you have some other priorities squared away. 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. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Coronavirus Market Update. We are recording this

0:07.8

Thursday at 4.11 p.m. Eastern time. Stock markets are closed. Big news of the day, another week of a surge in

0:18.0

unemployment benefits. 4.4 million Americans applied for new unemployment benefits in the last week.

0:27.0

That means over the course of five weeks, 26 million Americans have applied for unemployment benefits.

0:37.0

I mean it's astounding gang.

0:40.0

26 million jobs that erases all the job gains since 2009.

0:46.7

It's astounding.

0:48.7

It really does underscore that there are human beings that are being impacted not just on the health side but

0:57.4

also on the financial side and that's why we are here for you.

1:02.8

Mark and I started this daily podcast back on March 14th,

1:08.5

just in the beginning of this era of sheltering at home just days after the CBS Broadcast Center closed, which we thought

1:17.3

it was going to close for two or three days.

1:19.9

It's been closed.

1:21.5

We're all working remotely, and we're lucky because we have jobs.

1:25.9

There are millions of people out there who aren't this lucky.

1:29.2

Doesn't mean you can't bitch and moan a little bit.

1:31.0

I get it, but let's pick our heads up and realize that there are a lot of people

1:36.0

suffering and for them we want to make sure they know we're here and for you if you

1:41.8

are lucky enough to have a job if you're lucky enough to be worried about your portfolio because you have a portfolio.

1:48.0

Yes, I want to help you out but I also want you to take a moment to just take a breath and know that we are probably the luckiest among the millions of Americans, okay?

2:02.0

You know that, right? To that end, let's get to your emails. If you've got a question, just send it to me. It's

2:08.5

Ask Jill at Jill onmoney.com. Ask Jill at Jill on Money.com. Ask Jill at Jill on Money.

...

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