Welcome to the Jill on Money Corona virus Market update.

Well, well, looks like we had another rough day on the Wall Street.

Recording this Wednesday at 4.46 PM.

Major index is down about just a hair under 4.5%. It's not a great way to start the quarter.

And by the way, the quarter was pretty bad as we mentioned. My favorite factoid about the quarter is that orange juice futures were up

almost 24% on the quarter, but crude oil was down by 66%.

So buy OJ, sell crude oil.

I guess that was the message.

Look, everyone is really scratching their heads.

So we're trying to figure out where the economy is going and how much

companies are going to be able to recoup during this period where we've had a sudden stop. And I was trying to describe this to one of the producers

that I deal with and we're talking about weekly claims which by the time you wake

up tomorrow morning you're going to hear everyone talking about

weekly claims and last week we saw claims were up 3.28 million new people trying

to file for unemployment insurance this week it could be even bigger it could be four or five six million

people who apply for claims and to just put that in perspective the total

number of jobs lost during the Great Recession was 8.8 million.

So to have claims go up by this much so quickly is really something else.

If you are in the situation where you're worried about whether or not you're going to get laid off next and what's going to happen next, I really think that it's wise to presume that this is all going to last a lot longer than most believe.

When you look at your own financial situation, try to do what economists do, which is assume the

worst case scenario and if you don't have the worst case,

you are pleasantly surprised.

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