Welcome to the Jill on Money Coronovirus Market Update. It is what day, Wednesday, June 17th. It is the middle of June, I can't even believe it. Are you guys having the same thing where you just kind of lose a day here and there?

Oof! I lose days or I lose hours and who knows where I am.

But we've got some good news.

Retail sales popped way more than expected.

A 17.7% increase, unbelievable, which is, I mean, basically double what they were

estimating. I just want to cite a few things. So number one is retail sales powered ahead.

Number two if you look inside of this report the categories that got decimated in

March and April really did show some enormous gains.

How about this, Mark? Check this out.

Clothing and accessory stores, the gain, 188%. That's unbelievable, okay? And frankly, it is amazing to consider that even with that, even with that big gain, sales are still down about by two-thirds from a year ago in

clothing, so we still got a ways to go.

Okay, additionally, furniture sales jumping by almost 90% online sales continue to gain ground.

Well obviously this was a huge upside surprise which is great and that is actually a good reason for stocks to be

trading higher as I speak right now. I'm not sure what's going to happen next month,

but if we did really bottom out in April for the economy and things are bouncing back, that is really an unambiguous piece of good news.

The one thing that we want to keep in mind is that obviously

things do shift. We know that there are protests that are limiting some

openings and we know that there are surges in some states that have already opened.

So I'll take the good news for today and with that let's get on to your questions.

Tom writes, enjoy the show, my issue is taxes.

I've been fortunate and I've been a good saver.

Listen to this, Mark.

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