Coronavirus Market Questions 03-16

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 16 March 2020

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Fed has slashed rates to zero in emergency rate cut due to coronavirus effects. And until things settle down with the market, which doesn't appear to be happening anytime soon, we're going to bring you a daily episode of Jill on Money to help calm the nerves. If the market is freaking you out, please send us an email. 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	Hi, welcome to the Jill on Money Coronavirus Market Update.
0:05.0	We are recording this on Sunday at 721 PM Eastern Time. Mark I just got off the conference call with the Federal
0:17.1	Reserve a lot of action there on Sunday about say a few hours ago,
0:23.1	the Federal Reserve announced emergency actions
0:26.0	to guard against the coming impact of coronavirus.
0:29.6	The Fed slashed its benchmark interest rate by a full percentage point.
0:34.4	We're now down to zero again.
0:36.0	That's where we were during most of the financial crisis
0:38.6	in the aftermath until actually 2015.
0:41.4	Fed's also going to buy some Treasury and Mortgage-backed securities,
0:44.6	remember good old QE, and the Fed's going to work with other central banks to try to
0:49.2	keep money flowing through the financial system. So, okay, let's take a deep breath.
0:54.7	It's been a rough go here, and I know a lot of you
0:58.0	are far more concerned about your health and your family's health
1:02.2	during this time. This is just a daily podcast that Mark and I decided to do to
1:07.2	hold your hand about the less important part of your life, your financial life, but still it's important so we want to be there for you.
1:15.0	That said, we'd love for you to send us an email.
1:17.8	Our email address is Ask Jill at Jill onmoney.com if you actually need anything on like anything that is a
1:27.4	dollar sign just let us know we want to help you out and it's it is such a
1:31.2	scary time I get it and Mark I know you went to the grocery store
1:35.4	over the weekend or late last week. I went early this morning and I found that not a
1:41.3	lot of people where I am were interested in beyond meat.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Audacy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Audacy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.